Market Study Report LLC recently introduced new title on “2018-2024 Global Dialysis Market Report” that provides an in-depth overview of industry and competitive landscape, covering multiple market segments and elaborates market outlook and status to 2024.

Selbyville, DE -- (SBWire) -- 01/15/2019 --Dialysis Market will exceed USD 104 billion by 2024; as per a new research report. Increasing prevalence of renal diseases in developed as well as developing countries will drive the dialysis market growth over the forecast period. According to the National Kidney Foundation 2015 data, around 10% of the population worldwide is suffering from chronic kidney diseases. Shortage of kidney donors worldwide will surge the demand for dialysis treatment thereby positively influencing the industry growth.

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According to the National Kidney Foundation, 10% of the global population is affected by kidney diseases with the death count ranging in millions every year, which is attributed to the lack of affordable treatment. It is estimated that occurrences of kidney failures in developing nations will surge over the years to come owing to the increasing geriatric population. In low-income nations, patients are far from affording treatment at all, leading to the death of more than 1 million people annually due to untreated kidney failure. The lack of accessible and affordable dialysis to suffice the growing pervasiveness of kidney diseases serves a lucrative opportunity for the dialysis market.

Growing geriatric population base prone to various chronic diseases will augment industry growth. Adoption of peritoneal dialysis among elderly patient base is increasing in recent years owing to its benefits over hemodialysis. Furthermore, increasing healthcare expenditure and presence of advanced healthcare facilities will further spur business growth during the analysis timeframe.

Growing R&D investment to develop superior quality dialysis devices will render positive impact on dialysis market. Moreover, favorable reimbursement scenario for dialysis treatment in developed economies will further accelerate industry growth. However, high cost of dialysis treatment may hamper business growth, especially in the developing economies. Complications associated with the dialysis procedure including defects in devices or dialysis system may further restrain industry growth to certain extent.

Peritoneal dialysis segment accounted for USD 7.8 billion in 2017 and is estimated to show considerable growth over forecast period. The growth is attributable to ever-increasing burden of kidney diseases across the globe. Peritoneal dialysis treatment is less invasive and easy to perform and hence preferred by a large patient population. Furthermore, availability of subsidies to peritoneal dialysis beneficiaries should further increase its adoption over the coming years.

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Equipment segment will experience 4.3% CAGR by 2024 and segmental growth will be attributed to growing preference for equipment utilized in dialysis treatment. Dialysis machines utilized in hemodialysis and peritoneal dialysis treatment need replacement since machines get damaged and require replacement to aid accurate diagnosis thus, will augment business growth.

Home dialysis segment accounted for over 29% revenue share in 2017 due to rapidly growing elderly population base worldwide. Benefits offered by home dialysis treatment such as flexible schedule, personal control, less medications as well as lesser and shorter hospital stays will spur segmental growth. Growing inclination of patients towards home dialysis owing to its convenience should upsurge the dialysis market growth over the coming years.

U.S. dialysis market will grow at 3.9% during the forecast timeline owing to technological advancement. Moreover, availability of advanced healthcare infrastructure and increasing prevalence of renal diseases further boosts business growth in the country. As per the U.S. Renal Data System Annual Data Report in 2015, over 660,000 Americans were affected by kidney failure or end stage renal disease. Growing adoption of dialysis treatment among patient population as well as strong foothold of key industry players in the U.S. will further favor business growth.

Some of the notable players operating in dialysis market include Asahi Kasei Corporation, B. Braun Melsungen, Baxter International, Fresenius Medical Care, JMS, Kawasumi Laboratories, Medtronic, Nikkiso, Nipro, Toray, DaVita, U.S. Renal Care, Satellite Healthcare and Rogosin Institute. Industry players are majorly focusing on inorganic strategies such as acquisitions, partnership, merger and new product launch to enhance their existing product portfolio and strengthen position in the market.

Table of Content:

Chapter 1. Dialysis Market Methodology and Scope

Chapter 2. Dialysis Market Executive Summary

Chapter 3. Dialysis Industry Insights

Chapter 4. Dialysis Market, By Type

Chapter 5. Dialysis Market, By Product & Services

Chapter 6. Dialysis Market, By End-use

Chapter 7. Dialysis Market, By Region

Chapter 8. Dialysis Market Company Profiles

For more information on this report at: https://www.marketstudyreport.com/reports/dialysis-market/?utm_source=RELW-SP

Related Report:

Global Hemodialysis and Peritoneal Dialysis Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

The growth in Hemodialysis and Peritoneal Dialysis market is driven by the increasing number of ESRD patients, growing prevalence of diabetes & hypertension (major causes of kidney failure), rapid growth in the aging population. North America is expected to command the largest share of the global hemodialysis and peritoneal dialysis market in 2016, followed by Europe.

https://www.marketstudyreport.com/reports/global-hemodialysis-and-peritoneal-dialysis-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023?utm_source=RR-SP

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