Hemodialysis And Peritoneal Dialysis Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
The Business Research Company’s Hemodialysis And Peritoneal Dialysis Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032
— The Business Research Company
LONDON, GREATER LONDON, UK, November 22, 2023 /EINPresswire.com/ — The global hemodialysis and peritoneal dialysis market has experienced robust growth, increasing from $73.86 billion in 2022 to $80.17 billion in 2023 at a notable compound annual growth rate (CAGR) of 8.5%. Despite the challenges posed by the Russia-Ukraine war, disrupting global economic recovery from the COVID-19 pandemic, the market is anticipated to reach $110.29 billion by 2027, with a projected CAGR of 8.3%.
Segments
•By Type: Hemodialysis, Short-Term Catheter, Chronic Catheter, Graft, Fistula, Peritoneal Dialysis
•By Modality: Conventional, Daily (Day Time, Night Time)
•By End User: Hospitals, Clinics, And Dialysis Centers, Home Dialysis
•Regional Insights: North America Leads, Asia-Pacific to Witness Fastest Growth
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Growing Prevalence of Kidney Diseases Drives Market Expansion
The primary driver for the growth of the hemodialysis and peritoneal dialysis market is the increasing prevalence of kidney diseases worldwide. With kidney disorders affecting the structure and function of the kidneys, advanced chronic renal disease can result in dangerous imbalances of fluids, electrolytes, and wastes in the body. Hemodialysis and peritoneal dialysis are essential treatments, utilizing dialysis machines and artificial kidneys to cleanse the blood. For instance, a 2021 report by the Centers for Disease Control and Prevention indicated that around 15% of US adults, equivalent to 37 million people, are estimated to have chronic kidney diseases. This high prevalence is fueling the demand for hemodialysis and peritoneal dialysis.
Major Players and Market Dynamics
Key players in the hemodialysis and peritoneal dialysis market include Baxter International Inc., Nipro Corporation, B Braun Melsungen AG, Nikkiso Co. Ltd., Becton Dickinson And Company, Medtronic PLC, Asahi Kasei Corp., DaVita Inc., Diaverum, Cook Group Incorporated, Angiodynamics, Toray Medical Co. Ltd., Drägerwerk AG And Co. KGAA, and Cantel Medical Corporation. These major players significantly contribute to market growth through their innovations, strategic partnerships, and initiatives.
Trends: Technological Advancements in Hemodialysis and Peritoneal Dialysis
A key trend in the hemodialysis and peritoneal dialysis market is the growing focus on technological advancements. Companies operating in this market are actively developing new technological solutions to enhance their positions. For instance, Kuleana Technology, Inc., a Seattle-based startup, has received funding for creating portable hemodialysis equipment that doesn’t require an external water supply, offering efficient dialysis on the go. Technological advancements like these aim to improve the quality of life for millions of patients globally.
North America emerged as the largest region in the hemodialysis and peritoneal dialysis market in 2022, with Asia-Pacific expected to be the fastest-growing region in the forecast period. The hemodialysis and peritoneal dialysis market analysis report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, providing comprehensive insights into regional dynamics, market trends, and growth opportunities.
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Hemodialysis And Peritoneal Dialysis Global Market Report 2023 from TBRC covers the following information:
•Market size date for the forecast period: Historical and Future
•Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
•Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Trends, opportunities, strategies and so much more.
The Hemodialysis And Peritoneal Dialysis Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on hemodialysis and peritoneal dialysis market size, hemodialysis and peritoneal dialysis market drivers and trends, hemodialysis and peritoneal dialysis market major players, competitors’ revenues, market positioning, and market growth across geographies. The hemodialysis and peritoneal dialysis market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.
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