What Is The Forecast Growth Rate For The Kidney Dialysis Market?
The Business Research Company’s market reports offer an in-depth analysis on the market’s growth potential, major drivers, key trends and more.
Understanding Market Dynamics
- The kidney dialysis market has experienced significant growth, with a rise from $79.66 billion in 2023 to $85.09 billion in 2024, showcasing a robust CAGR of 6.8%.
- Historic growth drivers include increased prevalence of chronic kidney disease (CKD), advancements in medical research, expanded access to healthcare, and improvements in dialysis technology.
Forecasting Future Growth
- Strong growth prospects are anticipated, with the market expected to reach $112.5 billion in 2028, boasting a CAGR of 7.2%.
- Growth in the forecast period will be driven by the adoption of value-based healthcare models, emphasis on chronic disease management, and the rising trend of patient-centric care.
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Rising Prevalence of Chronic Kidney Diseases
- The surge in chronic kidney diseases globally is a significant driver of market expansion.
- Chronic kidney disease (CKD) affects millions worldwide, necessitating the use of dialysis for those whose kidneys can no longer function effectively.
- The prevalence of CKD is projected to rise further, highlighting the critical role of dialysis in managing this condition.
Technological Advancements Propel Market Growth
- Technological innovation is a prominent trend shaping the kidney dialysis market.
- Companies are leveraging advanced technologies to enhance patient outcomes and streamline treatment processes.
- Example: Baxter International Inc.’s Sharesource Analytics 1.0 improves patient outcomes and reduces nurse workload through next-generation digital health solutions.
Strategic Acquisitions Drive Market Expansion
- Strategic acquisitions play a crucial role in market expansion and global presence.
- M42.’s acquisition of Diaverum AB provides a platform for delivering innovative solutions and expands access to kidney dialysis services worldwide.
- Collaborations and acquisitions strengthen companies’ capabilities and market reach.
Market Segmentation Insights
- The market is segmented based on dialysis type, products and services, and end-users.
- Dialysis types include hemodialysis and peritoneal dialysis.
- Products and services encompass equipment, consumables, dialysis drugs, and services.
- End-users comprise home care, dialysis centers and hospitals, and other healthcare facilities.
Regional Dominance and Growth Prospects
- North America led the kidney dialysis market in 2023, while Europe is expected to witness the fastest growth in the forecast period.
- Emerging regions present untapped opportunities for market expansion and investment.
Conclusion: Driving Innovation and Access
- The kidney dialysis market is poised for substantial growth driven by technological advancements, rising CKD prevalence, and strategic initiatives.
- Continued focus on innovation and patient-centric care will be pivotal for market players to stay competitive.
- Market segmentation enables tailored approaches to meet diverse patient needs and preferences.
- As regions like Europe demonstrate rapid growth, companies must adapt strategies to capitalize on emerging opportunities and expand global presence.
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