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Dialysis Market Future Challenges and Industry Growth Outlook by 2020-2026

Dialysis Market Future Challenges and Industry Growth Outlook by 2020-2026

Selbyville, Delaware, United States, October 23 2020 (Wiredrelease) Global Market Insights, Inc –:A gradual surge in the count of kidney diseases worldwide has undeniably bolstered the need for dialysis process, thus offering a boost to the overall market expansion over the timeframe of 2020 to 2026. An important point to consider here is that chronic kidney diseases have claimed relatively more deaths that breast cancer or prostate cancer. Being more specific, it has been claimed that more than 661,00 Americans have been diagnosed with kidney failure out of which over 468,000 individuals undergo dialysis. Such hefty count of is anticipated to craft out a lucrative growth path of dialysis market, which is poised to account for USD 110 billion by the end of 2026.

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Global dialysis market is prolifically driven by the ongoing research and development investments by various industry behemoths operating in the business space. Highlighting the aforesaid, the Union Health Ministry of India had in 2019. Announced its plans of offering peritoneal dialysis capability to kidney patients at their homes under the Pradhan Mantri National Dialysis Program. It has been observed that peritoneal dialysis reduced the substantial costs of infrastructure set up and staffing, cuts odd the demand on healthcare system, while providing patient autonomy. Such developments are expected to empower the dialysis market over the due course of time.

Let alone the R&D influence, rising technological advancements have also offered profitable growth opportunities for the dialysis market progression. Developments in dialyzers and dialysis machines hold the potential to augment the outcome of therapy, thus allowing various conglomerates to devise such products, embed with new edge technologies, to cater to the increasing kidney disease populace. One such advancement in the field being introduction to nano filter artificial kidney. As per numerous reports, the product connects to dialysis porta on the neck and allows mobility of patients with ultra-ease.

The global dialysis market has been fragmented into vivid segments including type, product and service, end-use, and a robust regional landscape. Given below is a snapshot of the performance of each of these segments in the overall market:

In terms of the type segmentation, the global dialysis market is highly characterized by hemodialysis sector, which according to estimates, held a business share of USD 68 billion in 2019, while looking forward to a steady rise in the industry over the foreseeable time frame. Hemodialysis requires relatively less time for treatment compared to peritoneal dialysis and it also boasts of low risk of infection, thus supporting its expansion. Moreover, presence of well skilled staff and professional during hemodialysis procedure offers patients with better care, in turn escalating its preference worldwide.

Considering the product and services bifurcation, it is pivotal to state that the segment is further divided into consumables, services, and equipment. Of these, the equipment segment is anticipated to garner tremendous gains by the end of 2026, on the grounds of rising focus on R&D activities by various market players in an effort to bring forth advanced dialysis machines and water treatment systems. Also, growing cases of kidney disorders such as end stage renal diseases among geriatric population base asking for dialysis equipment for treatment would further propel the segmental growth in the years to come. Estimates claim that the equipment segment held a market share of 7.5 per cent in 2019 and is likely to grow at a prodigious pace in the upcoming years.

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Dialysis procedures have been gaining much required attention across the in-center dialysis segment. Reports claim that the in-center dialysis segment would depict a CAGR of 5 per cent through 2026, subject to the surging number of dialysis procedures being carried at in-center dialysis centers due to presence of professional kidney care experts. It is noteworthy to mention that in-center dialysis offers the opportunity of patient assessment and performing treatment simultaneously, thus reducing the travel time.

Regionally, Asia Pacific has emerged as a hotspot for the expanding dialysis industry, ascribing to the rising demand for advanced dialysis equipment and machines in conjugation with increasing prevalence of chronic renal diseases. In fact, Asia accounts for over 14 per cent of the global chronic kidney disease prevalence in the world, making the need for dialysis highly important. Adding to this, favorable reimbursement policies and enhancing healthcare infrastructure have proliferated the use of dialysis equipment on a much larger scale across the economies in the region.  

Partial Chapter of the Table of Content 

Chapter 4. Dialysis Market, By Type    

4.1. Key segment trends

4.2. Hemodialysis

4.2.1.    Hemodialysis market, by region, 2015 – 2026, (USD Million)

4.3. Peritoneal dialysis

4.3.1.    Peritoneal dialysis market, by region, 2015 – 2026, (USD Million)

Chapter 5. Dialysis Market, By Product and Services

5.1. Key segment trends

5.2. Equipment

5.2.1.    Equipment market by region, 2015 – 2026 (USD Million)

5.2.2.    Dialysis machines

5.2.2.1.    Dialysis machines market, by region, 2015 – 2026 (USD Million)

5.2.3.    Water treatment systems

5.2.3.1.    Water treatment systems market, by region, 2015 – 2026 (USD Million)

5.2.4.    Others

5.2.4.1.    Others market, by region, 2015 – 2026 (USD Million)

5.3. Consumables

5.3.1.    Consumables market, by region, 2015 – 2026 (USD Million)

5.3.2.    Dialyzers

5.3.2.1.    Dialyzers market, by region, 2015 – 2026 (USD Million)

5.3.3.    Catheters

5.3.3.1.    Catheters market, by region, 2015 – 2026 (USD Million)

5.3.4.    Access products

5.3.4.1.    Access products market, by region, 2015 – 2026 (USD Million)

5.3.5.    Concentrates

5.3.5.1.    Concentrates market, by region, 2015 – 2026 (USD Million)

5.3.6.    Others

5.3.6.1.    Others market, by region, 2015 – 2026 (USD Million)

5.4. Services

5.4.1.    Services market, by region, 2015 – 2026 (USD Million) 

Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/dialysis-market

This content has been published by Global Market Insights, Inc company. The WiredRelease News Department was not involved in the creation of this content. For press release service enquiry, please reach us at [email protected].

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