Global Hemodialysis Services Market, By Type (Home-Based Hemodialysis, In-Centre Hemodialysis), Disease Indication (Acute Kidney Infections, ESRD, Septic Shock, Multi-Organ Failure, Others), End User (Hospitals, Dialysis Centers, Home Care Settings) – Industry Trends and Forecast to 2029.
Market Analysis and Size
Hemodialysis functions basically like an artificial kidney for individuals who suffer from kidney failure and other renal impairments. The process includes the use of a special filter that is called a dialyzer or artificial kidney. The blood tends to travel through plastic tubing to the dialyzer, where it is cleaned and then returned to the affected individual.
- The process could also be done at home with an extensive training. Data Bridge Market Research analyses that the hemodialysis services market is expected grow at a CAGR of 5.1% during the forecast period. In-center dialysis accounts for the largest segment due to the high demand for dialysis products among chronic kidney patients.
Hemodialysis Services Market Dynamics
Drivers
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Rise in Prevalence of End-Stage Renal Disease (ESRD)
The rise in the Prevalence of End-Stage Renal Disease (ESRD) and kidney complications across the globe is one of the major factors driving the growth of the hemodialysis services market.
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Government investments
The increase in the funding by the federal government to drive the adoption of these services further influence the market.
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Increase in Alcohol Consumption
The rise in the incidences of kidney function loss due to the alcohol consumption throughout the globe accelerate the market.
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Rise in Preference for Home Hemodialysis Treatment
The rise in the preference for home hemodialysis treatment owing to comfort of patient and familiarity of the environment around further influence the market.
Additionally, high investment in research and development, advanced healthcare regulatory scenarios, surge in healthcare expenditure and surge in funding on healthcare infrastructure positively affect the hemodialysis services market.
Opportunities
Furthermore, increase in the number of dialysis centers extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, technological advancements and product launches will further expand the hemodialysis services market growth rate in the future.
Restraints/Challenges
On the other hand, concerns regarding reimbursement, and risks and complications of dialysis are expected to obstruct market growth. Also, product recalls and high competition are projected to challenge the hemodialysis services market in the forecast period of 2022-2029.
This hemodialysis services market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the hemodialysis services market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Hemodialysis Services Market
The rise in the number of people suffering from COVID and the rise in its severity rate increases the occurrences of kidney complications. The demand for renal replacement fluids has increased due to the pandemic outbreak. Also, an inclination towards home hemodialysis treatment is being witnessed globally because of the concerns over the spread of COVID-19 infection.
Recent Development
- Mar Cor (Cantel Medical Corporation) stated the launch of EON Portable hemodialysis Water System in 2021.
- Fresenius Medical Care AG & Co. KGaA launched a PVC-free peritoneal dialysis solution bag. This solution bag is specifically designed for home dialysis treatment in 2020.
Global Hemodialysis Services Market Scope and Market Size
The hemodialysis services market is segmented on the basis of type, disease indication and end users. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Home-Based Hemodialysis
- In-Centre Hemodialysis
On the basis of type, the hemodialysis services market is segmented into home-based hemodialysis and in-centre hemodialysis.
Disease Indication
- Acute Kidney Infections
- ESRD
- Septic Shock
- Multi-Organ Failure
- Others
On the basis of disease indication, the hemodialysis services market is segmented into acute kidney infections, ESRD, septic shock, multi-organ failure and others. ESRD dominates the disease indication segment because of growing adoption of dialysis products among ESRD patients.
End Users
- Hospital
- Independent Dialysis Center
- Home Dialysis
On the basis of end users, the hemodialysis services market is segmented into hospital, independent dialysis center and home dialysis.
Hemodialysis Services Market Regional Analysis/Insights
The hemodialysis services market is analyzed and market size insights and trends are provided by country, type, disease indication and end users as referenced above.
The countries covered in the hemodialysis services market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the hemodialysis services market because of the presence of large number of centers and introduction of new products within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the rise in target population in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The hemodialysis services market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for hemodialysis services market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the hemodialysis services market. The data is available for historic period 2010-2020.
Competitive Landscape and Hemodialysis Services Market Share Analysis
The hemodialysis services market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to hemodialysis services market.
Some of the major players operating in the hemodialysis services market are Fresenius Medical Care AG & Co. KGaA, DaVita Inc., Baxter., B. Braun Melsungen AG, NIPRO, Cantel Medical., Nikkiso Co., Ltd., Diaverum., Asahi Kasei Medical Co., Ltd., Medtronic, Rockwell Medical, BD., dialifegroup.com, Isopure Corp., NxStage Medical, Inc., Diaverum., Dialysis Clinic, Inc. (DCI), and U.S. Renal Care, Inc., among others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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