Healthcare

Kidney Dialysis Market Forecast 2024-2033: Growth Rate, Drivers, And Trends

The Kidney Dialysis Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Kidney Dialysis Global Market Report 2024, The kidney dialysis market size has grown strongly in recent years. It will grow from $79.66 billion in 2023 to $85.09 billion in 2024 at a compound annual growth rate (CAGR) of 6.8%. The growth in the historic period can be attributed to rise in chronic kidney disease (ckd), medical research and treatment guidelines, increased access to healthcare, health insurance coverage expansion, improvements in dialysis technology.

The kidney dialysis market size is expected to see strong growth in the next few years. It will grow to $112.5 billion in 2028 at a compound annual growth rate (CAGR) of 7.2%. The growth in the forecast period can be attributed to value-based healthcare models, chronic disease management focus, rising awareness and screening programs, patient-centric care models, personalized medicine in nephrology. Major trends in the forecast period include sustainability in dialysis, regenerative medicine approaches, focus on cardiovascular health, wearable and portable dialysis devices, home dialysis expansion.

The rise in the prevalence of chronic kidney diseases is expected to propel the growth of the kidney dialysis market going forward. Chronic kidney disease (CKD) refers to a long-term, progressive condition in which the kidneys gradually lose their ability to function properly. It is characterized by the gradual deterioration of kidney function over a period of months or years. Kidney dialysis is primarily used for individuals with chronic kidney disease (CKD) when their kidneys are no longer able to function adequately to remove waste products and excess fluids from the body. For instance, in June 2023, according to Kidney Research UK, a UK-based charitable organization that conducts research and advocacy efforts to improve understanding, prevention, and treatment of kidney diseases, an estimated 7.19 million people in the UK were affected by chronic kidney disease in 2023, representing more than 10% of the UK population and projected to increase to 7.61 million people by 2033. Therefore, the rise in the prevalence of chronic kidney disorders is driving the growth of the kidney dialysis market.

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The kidney dialysis market covered in this report is segmented –

1) By Type: Hemodialysis, Peritoneal Dialysis

2) By Product And Service: Equipment, Consumables, Dialysis Drugs, Services

3) By End-User: Home Care, Dialysis Centers And Hospitals, Other End-Users

Technological advancement is a key trend gaining popularity in the kidney dialysis market. Major companies operating in the kidney dialysis market are adopting new technologies to sustain their position in the market. For instance, in June 2021, Baxter International Inc., a US-based healthcare company, launched Sharesource Analytics 1.0, an innovative next-generation digital health solution for peritoneal dialysis (PD) patients who get care at home. This module can help improve patient outcomes by identifying and addressing potential problems early on. The module can also help reduce nurse workload and improve patient satisfaction. Additionally, this technology also includes several tools that can help clinicians communicate with patients and provide clinical support. It improves kidney disease patients’ outcomes and quality of life.

The kidney dialysis market report table of contents includes: