Research Nester Analytics LLC ’s recent market research analysis on “Dialyzer and Dialysis Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitor’s analysis and a detailed overview of the global dialyzer and dialysis market in terms of segmentation by product, dialysis type, end-users, and by region
Increasing Prevalence of Chronic Diseases to Drive Growth of the Global Dialyzer and Dialysis Market
The geriatric population is expected to see substantial expansion throughout the projected period as a result of the demographic's steady rise around the world and the increasing risk of many illnesses associated with aging, especially kidney-related diseases. Between 2015 and 2050, the share of the global population over 60 will nearly double, from 12% to 22%. Dialyzers are essential in the medical sector for those with renal problems in addition to these. Most patients who have problems with their kidneys utilize dialysis to facilitate the process. In June 2023, AWAK Technologies (AWAK) and Singapore General Hospital (SGH) launched the pre-pivotal clinical trial to examine the efficacy and safety of an updated Automated Wearable Artificial Kidney Peritoneal Dialysis (AWAK PD) equipment, following the enrolment of its first participant. With its "Breakthrough Device Designation," the wearable, ultra-portable AWAK PD peritoneal dialysis (PD) device from the US Food and Drug Administration (FDA) allows patients with end-stage kidney disease to get dialysis on the go.
Some of the major growth factors and challenges that are associated with the growth of the global dialyzer and dialysis market are:
Growth Drivers:
• Surging Instances of Chronic Kidney Diseases
• Demand for High Flux Dialyzers
Challenges:
Every dialysis session requires a dialysis machine, several chemicals, and a dialysis tester. For those in low- and middle-income countries, it can be exceedingly costly to afford all of these. The high cost of obtaining dialysis equipment can put a significant burden on the financial resources of healthcare providers and organizations. Therefore, this might make it more difficult for the economically disadvantaged groups in society to access the market, which would impede the sector's growth. The high treatment cost for dialysis is expected to hamper the market growth.
The global dialyzer and dialysis market is segmented into product, dialysis type, and end-users, where dialysis type is sub-segmented into hemodialysis and peritoneal dialysis. By the end of 2036, the hemodialysis segment is anticipated to garner the largest revenue of USD 214.2 billion with a CAGR of 6.10% over the forecast period. The rising preference of people for home dialysis is expected to trigger the market growth of hemodialysis over the coming years.
Over the forecast period of 2024-2036, the European dialyzer and dialysis market is predicted to develop at a CAGR of 5.96%. The European market was worth USD 27.5 billion in 2023, and it is expected to be worth USD 58.3 billion by the end of 2036. In Europe, the need for dialyzers and dialysis services has increased due to a combination of growing cloud computing adoption and exponential data expansion. One of the main factors driving the market under study in Europe is the rising incidence of chronic kidney disease (CKD). Furthermore, it is anticipated that technological advancements and an aging population will support the region's market growth. According to a June 2023 article by Renal Research UK, 7.2 million people in the UK, or more than 10% of the total population are currently suffering from chronic renal disease.
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This report also provides the existing competitive scenario of some of the key players of the global dialyzer and dialysis market which includes company profiling of Baxter International Inc., Dialife Group, Browndove Healthcare Pvt. Ltd., Asahi Kasei Medical Co., Ltd., NIPRO Medical Corporation, Fresenius Medical Care, Toray Medical Co. Ltd, Medtronic plc.
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