Pune, India -- (SBWIRE) -- 05/23/2018 -- Global Renal Dialysis Market was valued at USD 17.6 Billion in 2016 and is expected to reach at USD 26.6 Billion till 2023 at a CAGR of 7.1% during forecasted period 2017-2023.

Renal Dialysis Market Scenario:

Renal dialysis involves the artificial elimination of toxic substance generated by the body in case of impaired function of kidney or completes failure. The Global Renal Dialysis Market is estimated to grow at a CAGR of 7.1 % during the review period of 2016 to 2023.

Renal Dialysis Market Dynamics:

The growing incidence of kidney diseases and the concurrent growth of risk factors such as diabetes, hypertension, and alcoholism is the prime driver of the market. Demographic drivers such as the growing geriatric population are generating greater demand as older people are more susceptible to renal diseases. The World Health Organization estimates that, India's proportion of the population older than 60 years of age is anticipated to rise to 19 % by 2050. Further the U.S. renal data system annual data report estimates that more than 660,000 people suffers from end stage renal disease with an estimated 468,000 currently on dialysis.

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The growing number of renal dialysis facilities and reimbursements are creating greater demand for the growth of the market. The National Kidney Foundation estimates that there are approximately 6,479 dialysis facilities in the U.S. in 2016. The huge expenditure on renal diseases is reflected by the fact that the annual Medicare spending for kidney failure in U.S. is greater than USD 33 billion in 2016. Thus presence of a large market is easily comprehendible even by a layman.

Renal Dialysis Market Segmentation:

To generate a detailed understanding of the market across the report has been segmented on basis of types, products, end user and regions.

Types - primary dialysis and secondary dialysis. Primary dialysis is further trifurcated into hemodialysis, hemofiltration and peritoneal dialysis.  Secondary dialysis is further bifurcated into hemodiafiltration and intestinal dialysis

Product - hemodialysis products and peritoneal dialysis products.

End user - hospital care and home care.

Major Players for Global Renal Dialysis Market:

The leading players in the market are Nikkiso Co. Ltd., DaVita Healthcare Partners Inc., Asahi Kasei Corporation, B. Braun Melsungen AG, Covidien, Diaverum Deutschland GmbH, Fresenius Medical Care, Medical Care AG & Co., Gambro AB, Baxter International Inc., Nipro diagnostic Inc., NxStage Medical, Inc. and others.

Regions - North America, Europe, Asia Pacific and Middle East and Africa.

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Renal Dialysis Market Regional Analysis:

North America led by the U.S. commands the largest market share of the global renal dialysis market owing to large healthcare expenditure, presence of specialty hospitals, excellent reimbursement rates for renal dialysis treatment and others.

Europe led by Germany, France and U.K. secured the second position owing to developed healthcare infrastructure and large income. The advanced medical devices industry of Germany is another determinant for the dominance of Europe.

Asia Pacific is expected to be the fastest growing market led by Japan China, India and South Korea. Middle East and Africa are expected to generate moderate growth skewed in favor of Gulf economies of Saudi Arabia, UAE, and others owing to their expansion of healthcare infrastructure and large public expenditure on healthcare.

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