According to the latest research report by IMARC Group, the global hemodialysis market size reached US$ 80 Billion in 2020. Looking forward, the market expects to grow at a CAGR of 4.8% during 2021-2026.
Hemodialysis refers to a treatment that is used to filter wastes and water from the blood of patients with kidney disorders. This medical procedure is widely opted for when the kidney function of individuals falls below 10%-15%.The blood generally travels through the tubes from the patient’s body into a dialysis machine. These procedures involve the use of a dialyzer that filters the excess fluids and toxins from the blood to restore the electrolyte balance.
The cleaned blood furthertravels through the tubes of the dialysis machine back into the body. As a result, it is widely prescribed by healthcare professionals for eradicating waste products, such as urea and creatinine,from the blood while improving the functioning of the kidneys.
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Global Hemodialysis Market Trends:
The global market is majorly driven by the increasing incidences of kidney disorders among the masses. There has been a considerable rise in the occurrence of end-stage renal disease (ESRD) and chronic kidneydisease (CKD) on the global level, which has impelled patients to opt for hemodialysis to improve their health while minimizing the chances of developing nerve damage and other health complications. Moreover, the growing awareness among the masses regarding the numerous benefits of timely diagnosis and treatment of kidney disorders is also creating a positive outlook for the market.
This is further supported by the numerous initiatives undertaken by various government and non-governmental organizations to spread awareness regarding the importance of maintaining kidney health and the availability of multiple kidney treatment options. Apart from this, continual technological advancements in the market, such as the advent of compact hemodialysis machines that are suitable for home-based treatments, are also creating a positive outlook for the market. Some of the other factors contributing to the market growth include extensive research and development (R&D) activities conducted by key players and the continual developments in the healthcare infrastructure.
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Key Market Segmentation:
Market Breakup by Segment:
Hemodialysis Product
Machines
Dialyzers
Others
Hemodialysis Service
In-center Services
Home Services
Market Breakup by Modality:
Conventional Hemodialysis
Short Daily Hemodialysis
Nocturnal Hemodialysis
Market Breakup by End-User:
Hospitals
Independent Dialysis Centres
Others
Breakup by Region:
Asia Pacific
Europe
North America
Middle East and Africa
Latin America
Competitive Landscape
Baxter International
Asahi Kasei Corporation
B. Barun Melsungen
DaVita
Cantel Medical Corporation
Fresenius Medical Care
Nipro Corporation
Rockwell Medical
Medivators
Toray Medical Company Ltd.
Nikkiso Co. Ltd.
Surni Group
Gambro
Satellite Healthcare Inc.
Renacon Pharma Ltd.
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