What’s The Growth Forecast For Hemodialysis And Peritoneal Dialysis Market Through 2023-2032?
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The global hemodialysis and peritoneal dialysis market has witnessed substantial growth, reaching $80.17 billion in 2023, with a compound annual growth rate (CAGR) of 8.5%. As kidney diseases become increasingly prevalent, the market is projected to expand further, reaching $110.29 billion by 2027 at a CAGR of 8.3%.
Kidney Disease Prevalence Driving Market Growth
Kidney disorders, a diverse group affecting the structure and function of the kidney, have propelled the adoption of hemodialysis and peritoneal dialysis. According to the Centers for Disease Control and Prevention, approximately 15% of US adults, or 37 million people, suffered from chronic kidney diseases in 2021. The demand for efficient treatment methods is fueling the growth of the hemodialysis and peritoneal dialysis market.
Key Market Players
The hemodialysis and peritoneal dialysis market boasts major players, including Baxter International Inc., Nipro Corporation, B Braun Melsungen AG, and others. These industry leaders play a crucial role in meeting the escalating demand for dialysis solutions globally.
Technological Advancements Transforming Treatment Landscape
Technological advancements emerge as a pivotal trend in the hemodialysis and peritoneal dialysis market. Companies like Kuleana Technology, Inc. are at the forefront, developing innovative solutions to enhance renal replacement therapies. In April 2022, Kuleana received the first dialysis funding from the National Kidney Foundation Innovation Fund for its portable hemodialysis equipment. This groundbreaking technology eliminates the need for an external water supply and complex sorbents, offering a more efficient and portable solution for dialysis patients worldwide.
The global hemodialysis and peritoneal dialysis market is segmented based on various factors:
- By Type:
- Short-Term Catheter
- Chronic Catheter
- Peritoneal Dialysis
- By Modality:
- Daily (Day Time, Night Time)
- By End User:
- Clinics and Dialysis Centers
- Home Dialysis
- North America Dominates:
- In 2022, North America emerged as the largest region in the hemodialysis and peritoneal dialysis market. The region’s advanced healthcare infrastructure and increasing prevalence of kidney diseases contribute to its dominant position.
- Asia-Pacific’s Rapid Growth:
- Asia-Pacific is forecasted to be the fastest-growing region in the coming years. With rising awareness, improving healthcare facilities, and a surging patient population, the region presents significant opportunities for market expansion.
Global Hemodialysis And Peritoneal Dialysis Market SizeV
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