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HEALTHCARE & PHARMACEUTICAL

Hemodialysis and Peritoneal Dialysis Market Analysis by Products (Machines, Dialyzers, Bloodlines, Catheters, Concentrates, and Consumables); by Types (Conventional, Daily, and Nocturnal); and by End-User (Hospitals, Dialysis Centers and Home Care Settings) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • May, 2022: Medtronic and DaVita Inc.- announced the willingness to form an independent and new kidney care-focused medical device company to enhance the treatment experience and outcomes for patient. The intent company will work on the development of broad suite of novel kidney care products and solutions, including future home-based products.
  • April, 2021: Becton, Dickinson and Company (BD)announced the receipt of 510(k) clearance from the U.S. Food and Drug Administration (FDA) for the Pristine Long-Term Hemodialysis Catheter. It is a new hemodialysis catheter with a unique side-hole free symmetric Y-Tip distal lumen design developed by Pristine Access Technologies, Ltd., a privately-owned company based in Israel, which was acquired by BD in July 2020.

Global Hemodialysis and Peritoneal Dialysis Market Size, Forecast, and Trend Highlights Over 2022 - 2031

Hemodialysis-and-Peritoneal-Dialysis-Market-CAGR

The global hemodialysis and peritoneal dialysis market is estimated to garner a moderate revenue by the end of 2031 by growing at a CAGR of ~7% over the forecast period, i.e., 2022 – 2031. Further, the market generated a modest revenue in the year 2021. The growth of the market can primarily be attributed to the rising prevalence of chronic kidney disease (CKD)globally. For instance, in the year 2019, the prevalence of CKD was estimated to be ~13%, whereas patients with end-stage kidney disease (ESKD) in need of renal replacement therapy were estimated to be between ~4.9 and ~7 millionworldwide.

Hemodialysis-and-Peritoneal-Dialysis-Market-Overview

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The increasing number of people with kidney failure today, can live because of treatments such as dialysis and kidney transplant. When kidneys can no longer clean the blood, dialysis is a way of doing this job. Hemodialysis and peritoneal dialysis help to removes body's wastes, extra salt and water, and helps to control blood pressure of any one suffering from chronic kidney diseases (CKD) or kidney infections. With the rising number of people suffering from various kidney disorders as well as CKD the need for hemodialysis and peritoneal dialysisis showing an upward trend, which in turn, is expected to create massive revenue generation opportunities for the key players operating in the global robotic angiography systems market during the forecast period. For instance, as per the data revealed by The International Society of Nephrology, ~850 million individuals suffered from some form of kidney diseases in 2020, globally, which is increasing every year. 

Global Hemodialysis and Peritoneal Dialysis Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Geriatric Populationthe elderly population is one of the most vulnerable patient groups for whom hemodialysis and peritoneal dialysis would be required. According to the United Nations Department of Economic and Social Affair’s, the World Population Ageing 2020 report, in the year 2020, people aged 65 years or above were estimated to be 727 million worldwide.

  • Rising Prevalence of Diabetes–Diabetes causes damage to many organs in your body, including your eyes, nerves, kidneys, heart, and blood vessels. The rising number of adults living with CKD and diabetes is escalating the demand for hemodialysis and peritoneal dialysis.For instance, in the year 2021, more than 530 million adults were suffering from diabeteswhich is forecasted to increase to ~640 million by 2030.
  • Increasing Concern for the Rising Incidence of Hypertension– with the surge in the number of adults living with high blood pressure there is an upward shift in the chronic kidney disease, as hypertension is the leading cause of chronic CKD and also CKD can cause high blood pressure. Number of people with CKD whose blood pressure was <130/80 mmHg grew from more than 41% in 2003-2006 to ~45.5% in 2015-2018.Also, it was found that, in the year 2020, in the United States, hypertension as a primary or contributing cause was responsible for over 670,000 deaths.
  • Upsurge in the Rate of Obesity – obesity leading to chronic conditions including damage to the kidney's filtering units in many adults is expected to increase the need for hemodialysis and peritoneal dialysis in the forecasted period. It was found that, in the year 2020, in the United States the rate of obesity in adults was ~42%, a rise of ~26% since 2008.

Challenges

  • Stringent Regulatory Policies Required for the Manufacturing of Dialysis Products
  • Concern forBladder Spasms and Stomach Cramps Associated with Long Term Use of Catheter
  • Possibilities of Exposure to Infections

The hemodialysis and peritoneal dialysis market is segmented and analyzed for demand and supply by end-user into hospitals, dialysis centers and home care settings. Amongst these segments, the hospitals segment is anticipated to garner the largest revenue by the end of 2031, backed by the growing number of patient suffering from kidney transplant along with the surge in the number of patients on dialysis worldwide. For instance, in the year 2018, more than 785,000 Americansneeded dialysis or kidney transplant out of which ~554,000 patients received dialysis to replace kidney function and ~229,000had a kidney transplant done.

Major Macro-Economic Indicators Impacting the Market Growth

Global-Healthcare-Expenditure

According to the statistics by the World Health Organization, the global per capita healthcare expenditure amounted to USD 1,064.741 in the year 2017. The worldwide healthcare expenditure per person grew from USD 864.313 in 2008 to USD 1,110.841 in 2018, where the U.S. is the top country that amounted to healthcare expenditure of USD 10, 623.85 per capita in 2018. As of 2018, the domestic general government healthcare spending in the U.S. was USD 5355.79, which grew from USD 3515.82 in 2008. These are some of the factors responsible for market growth over the past few years. Moreover, as per the projections by the Centers for Medicare & Medicaid Services (CMS), the estimated average annual percent change related to National Health Expenditures (NHE) in the U.S. was 5.2% in 2020 as compared to 2019 (4.5%). Furthermore, the National Health Expenditures are projected to reach USD 6,192.5 Billion in 2028, where the per capita expenditure is estimated to touch USD 17,611 in the same year. These are notable indicators that are anticipated to create lucrative business opportunities in upcoming years.

Global Hemodialysis and Peritoneal Dialysis Market Regional Synopsis

Regionally, the global hemodialysis and peritoneal dialysis market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these, the market in North America is projected to hold the largest market share by the end of 2031, backed by the growing number of hospitals and overall expenditure on healthcare in the region.According to the Centers for Medicare & Medicaid Services, in the year 2020, the National Health Expenditure (NHE), grew by ~9.7% to ~USD 4.1 trillion which accounted for 19.7% of Gross Domestic Product (GDP) in United States.

Hemodialysis-and-Peritoneal-Dialysis-Market-Analysis-Size

The global hemodialysis and peritoneal dialysis market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global hemodialysis and peritoneal dialysis market includes the following segments:

By Products

  • Machines
  • Dialyzers
  • Bloodlines
  • Concentrates
  • Catheters
  • Consumables

By Types

  • Conventional
  • Daily
  • Nocturnal

By End-User

  • Hospitals
  • Dialysis Centers
  • Home Care Settings

Top Featured Companies Dominating the Global Hemodialysis and Peritoneal Dialysis Market

  • Baxter Healthcare Corporation
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • B. Braun Melsungen AG
  • Rockwell Medical, Inc.
  • Medtronic
  • Asahi Kasei Medical Co., Ltd.
  • Nipro Medical Corporation
  • DaVita Inc.
  • Becton, Dickinson and Company (BD)
  • Nikkiso Co., Ltd.
  • Fresenius Medical Care AG & Co. KGaA

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