Hemodialysis and peritoneal dialysis is an essential treatment for people who suffer from chronic kidney disease and acute kidney injury. Both hemodialysis and peritoneal dialysis procedures assist the kidneys to filter and remove waste & extra fluid from the body. Hemodialysis helps eradicate wastes such as urea from the blood, along with upholding proper balance of electrolytes in the blood using a special filter called an artificial kidney. Peritoneal dialysis procedures utilize the lining of the abdomen to filter the blood in people who suffer from kidney failures. In terms of revenue, the Global Hemodialysis and Peritoneal Dialysis Market was valued at US$ 37.38 Bn in 2016 and is anticipated to reach US$ 62.63 Bn by 2025, expanding at a CAGR of 6.0% from 2017 to 2025.
The Global Hemodialysis and Peritoneal Dialysis Market is enhanced by factors such as:
• Increasing number of patients with renal disease.
• Increasing geriatric population.
• Rising prevalence of diabetes and hypertension.
On the basis of product segmentation, the hemodialysis segment dominated the global market in the past years. It is also predicted to maintain its dominance during the conjecture period rising with the highest CAGR. Furthermore, peritoneal dialysis is also estimated to witness lucrative growth owing to increasing demand for the services amongst neonates and children. Additionally, higher applicability of this technique in home-based services is another factor promoting the growth of the segment.
Based on application, Home dialysis segment is anticipated to witness the fastest growth over the forecast period. Development of small & portable systems along with rising healthcare literacy amongst patients are vital impact rendering drivers. Factors responsible for greater market share of services may be classified into rising number of centers, development of training courses for home-based patients, and rising number of patients requiring dialysis treatment.
In the geographical front, North America dominated the market in the past years in terms of revenue. The manifestation of a large number of centers and introduction of new products within the region is expected to support growth. More than 85.0% of the procedures are performed through hemodialysis across various centers and hospitals as of 2015. U.S. is one of the leading regions for the early and larger adoption of this method.
Other regions that are expected to report profitable growth during the study period include Germany, India, Japan, Mexico, Saudi Arabia, and South Africa. Conversely, Asia Pacific region is likely to grow at the fastest rate over the forecast period owing to rising incidences of kidney failure and lower rate of organ transplantation.
Some of the significant players functioning in the Global Hemodialysis and Peritoneal Dialysis Market include Fresenius Medical Care AG & Co. KGaA, Davita Healthcare Partners Inc., Baxter International Inc., B. Braun Melsungen AG, Diaverum Deutschland GmbH, Nipro Corporation, Nxstage Medical, Inc., Nikkiso Co., Ltd., JMS Co. Ltd, Asahi Kasei Medical Co., Ltd and so on.