Hemodialysis Market: Business Strategies, Technological Innovation, Trends & Top Players by 2025
According to a new report published by Allied Market Research, titled, "Hemodialysis Market by Type, Product & Service, and End User: Global Opportunity Analysis and Industry Forecast, 2018-2025", the market was valued at $71,502 million in 2017, and is projected to reach $99,747 million by 2025, growing at a CAGR of 4.2% from 2018 to 2025. North America is anticipated to be the highest revenue contributor throughout the forecast period.
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The function of the kidneys is to remove waste and excess water from the blood. If the kidneys are not working properly, this process is done through hemodialysis. Waste products, such as urea and creatinine, are removed from the blood using artificial and permeable membranes.
Major Key Players –
Asahi Kasei Corporation,
B. Braun Melsungen AG,
Baxter International Inc,
Cantel Medical Corp,
DaVita Inc,
Diaverum,
Fresenius Medical Care AG & Co. KGaA,
Nikkiso Co., Ltd,
Nipro Corporation,
NxStage Medical, Inc
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The main reasons for the growth of the global hemodialysis market are the increasing number of patients suffering from end-stage renal disease (ESRD), the increase in diabetes and high blood pressure, and increasing costs for the improvement of dialysis products and services. In addition, due to the lack of suitable donors, dialysis is preferred over kidney transplantation, which is expected to increase market growth. However, risks and complications related to dialysis and product recalls are expected to hamper the market growth.
North America is a major contributor to the global market in 2017, due to the presence of a large population and well-equipped healthcare facilities and technological advancements in healthcare for patients. However, Asia Pacific is expected to grow at the highest CAGR of 6.6% from 2018 to 2025, due to increasing government incentives to establish new dialysis facilities, increase in dialysis products in the market and increase in the number of independent dialysis facilities.
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