Surge in Funding is Propelling growth of the Global Dialysis Market
The market is expected to reach $118.6 billion by 2025 owing to increasing incidence of ESRD disease
Bangalore, India, June 11, 2019: With its recently published study “Dialysis Market – Global Drivers, Restraints, Opportunities, Trends, and Forecast up to 2025”, Infoholic Research forecasts that the global dialysis market is expected to grow at a steady rate, indicating a CAGR of 5.0% during the forecast period 2019-2025. This is one of the most serviced market in the healthcare industry. The factors that drive the growth of this market include increasing incidence of ESRD diseases, along with a rise in chronic diseases such as diabetes and hypertension. The surge in funding by government and private sectors for dialysis has helped the market witness steady growth. In addition, the increased disposable income also acts as a growth driver. However, the high embedded costs and related challenges in the dialysis industry, along with lack of kidney donors and reduction in reimbursement is expected to dampen the growth of this market.
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With the growing opportunity and government support; markets have witnessed increased demand in advanced dialysis equipment. Cost-effective and portable dialysis devices are available in the market to treat patients with sophisticated techniques without causing any complications or risks. Most of the companies offering solutions (complex machines and advanced dialyzers) include specific treatments and supplies. The recent launch of 4008A diaylsis machine by Fresenius Medical Care highlights customization and indicates that it has been designed especially for emerging markets. DIAMAX dialysis machine is another such machine by Nipro, which is an high-end dialysis machine having advanced fetaures such as high treatment quality, ensuring safety and reliability, along with an easy set up.
The dialysis services facilities are currently targetting in providing the maximum focus towards diagnostic procedures and offer treatment to patients suffering from various ESRD. Further, the hospitals, dialysis centers, and other healthcare facilities are targetting to improve their operational efficiency and focusing on creating a smooth environment for both, patients and physicians. Majority of the vendors have established their R&D and manufacturing facilities in developing countries to address evolving market requirements. Emerging countries such as India and China have huge potential opportunity for the dialysis market owing to the presence of large pool of patients and increasing disposable income.
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The US and Canada are the leading countries that are driving growth in the North American region. APAC has created opportunity for vendors to invest and establish manufacturing facilities and leverage their business with a robust focus in developing dialysis units and service facilities with government support. The increased demand for better services among patients and the increased life expectancy are expected to boost healthcare investments in the region. The urban areas in APAC have witnessed the use of portable technological devices by healthcare providers.
“In future, dialysis is expected to be cost-effective with most of the vendors focussing in developing highly advanced competitive dialysis machines, which targets to cut down the daily dialysis need for both clinics and patients, where the primary focus is to reduce the time, effort, and cost in a dialysis centre,” pointed out Mohammed Azhar, Senior Research Analyst (Research – Healthcare) at Infoholic Research.
Key insights of the report include:
- Major Procedure Type:
- Peritoneal dialysis
- Major Product Type
- Key End-users:
- Dialysis Centers
- Key Regions:
- North America
- Industry outlook: Market trends, drivers, restraints, and opportunities