Hemodialysis and Peritoneal Dialysis Market Size, Share, Growth and Trend Analysis
by Susan Hill Business ConsultantThe global hemodialysis
and peritoneal dialysis market is expected to reach USD 108.5 billion by
2025, according to a new report by Grand View Research, Inc. Home-based
dialysis treatment is anticipated to witness lucrative growth over the forecast
period. Factors supporting this trend include; increasing development of small
and automated products capable of providing treatment at home, rising number of
individuals requiring daily procedures, growing number of individuals aptly
trained to perform self-treatment, and initiatives by market participants
toward raising education and training for home dialysis performance.
This industry is highly competitive with a few
players holding relatively high proportion of the market share. However, the
dominance of each player is in a separate region thereby limiting direct
competition. For instance, Baxter generates higher revenue in Europe whereas
Fresenius Medical Care AG & Co. KGaA gains higher revenue in the U.S. This
scenario is anticipated to change over the forecast period owing to increasing
globalization, and efforts by companies to expand their revenues and profits.
Further
key findings from the study suggest:
- Hemodialysis dominates the industry with over 80.0% of the market
share. These processes are performed in centers as well as in home
settings primarily for adults. This enhanced applicability and benefits in
comparison to peritoneal dialysis are expected to promote growth.
- Presence of treatment centers and skilled personnel in abundance to
carry out procedures is expected to drive the growth for these services.
Factors responsible for higher 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.
- Home-based procedures are 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.
- Regionally, Asia Pacific is predicted to contribute higher revenue
share over the forecast period. Improving healthcare infrastructure,
rising disposable income, and growing incidence of conditions such as
diabetes within the region are expected to support growth.
- Players highlighted in the study include Fresenius Medical Care AG
& Co. KGaA, NIPRO Medical Corporation, B. Braun Avitum AG, Baxter, and
DaVita Inc. These companies are aggressively working toward purchasing
dialysis centers or establishing new centers to cater to the rising demand.
Access
full research report on global hemodialysis and peritoneal dialysis market:
www.grandviewresearch.com/industry-analysis/hemodialysis-peritoneal-dialysis-market
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Created on Aug 30th 2019 04:06. Viewed 185 times.