Hemodialysis & Peritoneal Dialysis Market: Opportunities & Challenges

Posted on 2019-10-09 by MarketsandMarkets in Biotech, Healthcare, Pharmaceuticals // 0 Comments

CITY, Country, 2019-Oct-09 — /EPR Network/ —

The global hemodialysis & peritoneal dialysis market is expected to reach USD 99.2 billion by 2024 from USD 74.2 billion in 2019, at a CAGR of 6.0% from 2019 to 2024. Growth in this market is driven by the increasing number of ESRD patients, growing prevalence of diabetes & hypertension, shortage of organ donors and risks associated with transplant, technological advancements, and initiatives taken by leading players to introduce advanced products & services in the market. However, a number of product recalls and the risks & complications associated with dialysis are restraining the growth of this market to a certain extent.

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What are the opportunities in emerging markets?

Emerging markets such as China, India, Brazil, and other developing countries present significant opportunities for the growth of players involved in the dialysis market. According to Fresenius Medical Care (Germany), the number of dialysis patients across the globe is expected to grow at a CAGR (2015–2025) of ~6%, whereas the number of dialysis patients across the Asia Pacific region will grow at a CAGR of ~8%.

According to the George Institute for Global Health, the number of people receiving RRT is projected to grow from 2.618 million in 2010 to 5.439 million by 2030, mostly in developing regions such as Asia and Africa. The largest growth in the number of people receiving RRT is expected to be witnessed in Asia—from 968,000 people in 2010 to 2,162,000 by 2030. In the Latin American and Caribbean regions, the number of dialysis patients is expected to increase almost 2.5 times—from 373,000 in 2010 to 903,000 by 2030. The demand for dialysis products and services in these countries is increasing due to the rising incidence of ESRD (contributed by growth in the geriatric population and the rising incidence of diabetes and hypertension) and increasing awareness about kidney disorders.

How renal transplantation pose a challenge to the Peritoneal Dialysis market?

Renal transplantation procedures offer few benefits over dialysis for kidney patients, such as eliminate long hours of dialysis treatment, better quality of life, and increased life expectancy. The low cost and high survival rate as compared to dialysis are also key advantages associated with renal transplantation. These advantages, coupled with increasing research activities towards the development of other long-term alternatives to dialysis products, are challenging the growth of the dialysis market.

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