Advanced and permanent kidney failure is commonly treated with methods like hemodialysis. This method is opted for removing waste products like urea, creatinine and free water from the body of the patient. Hemodialysis along with peritoneal dialysis and renal transplant are utilized to perform renal replacement therapies in case of renal failure. Growing instances of chronic kidney diseases and other health conditions leading to kidney failure are strongest drivers for the global hemodialysis market. Advancing technologies are also creating better opportunities in the industry. According to the experts, demand for these methods from different parts of the world is expected to help the industry attain significant success in the coming few years.
Overview of Hemodialysis Treatment Market
As mentioned before, hemodialysis, renal transplant and peritoneal dialysis are the most common treatments for renal failure. According to the research, growing number of end stage renal disease (ESRD) patients is the strongest driver for the growing demand in hemodialysis market. Apart from that, rising health complications for the patients of hypertension and diabetes are also some of the contributing factors for the dialysis market. Rising instances of both these chronic diseases is a strong factor for increasing applications of these treatments. In addition to these diseases, development of dialysis centers in various parts of the world, increasing developments and adequate funding are some strong reason why the industry for hemodialysis and peritoneal dialysis is making steady progress.
Global dialysis market is segmented into two major divisions, namely, peritoneal dialysis and hemodialysis. The market is largely dominated by hemodialysis products and services. Apart from these basic methods of treatments, the industry is further segmented on the basis of the types of end users and geographic demands. The end user segment is categorized into home users and in-center users. Increasing demand for nocturnal and home dialysis is creating better opportunities for the existing businesses in the market. Geographically, the industry is categorized into Asia Pacific, North America, Europe, Latin America and Middle East.
According to the market research reports, peritoneal dialysis and hemodialysis market is expected to grow at an anticipated CAGR of 6.2% for the next four to five years. From 2013 to 2018, the industry is poised to witness steady growth and become worth $83.20 billion by 2018. In 2013, the market was worth $61.60 billion. Hemodialysis segment is expected to dominate about 85% market shares of the global industry. In terms of geography, North America is expected to dominate the global market. However, developments in emerging markets are expected to create opportunities for expansions in Asia Pacific, Latin America and Middle East.