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The hemodialys and peritoneal dialysis market is expected to grow at a CAGR of 6.1%, from USD 81.8 billion in 2022 to USD 148.1 billion by 2032.
The increasing number of ESRD patients, the rising prevalence of diabetes and hypertension, the scarcity of organ donors and the risks associated with transplants, technological advancements, and initiatives by hemodialys and peritoneal dialysis market leaders to introduce advanced products and services are driving growth in this hemodialys and peritoneal dialysis market.
However, the dangers and difficulties connected with dialysis, as well as product recalls, are anticipated to limit the hemodialys and peritoneal dialysis market’s development to some extent. The coronavirus pandemic is now posing a number of issues to clinical healthcare practitioners and patients worldwide.
The increase in the number of COVID cases, as well as the severity rate, is expected to result in an increase in the incidence of renal injury. The global need for renal replacement fluids has expanded dramatically as a result of the epidemic. When compared to previous US populations, the need for RRT among COVID-19 patients has grown fivefold.
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The progressive transition toward home hemodialys therapy prior to the pandemic, as well as worries about the spread of COVID-19 infection, has significantly increased patient interest in HD treatment. During the pandemic, this factor is expected to increase the use of home hemodialys supplies.
Emerging economies including China, India, Brazil, and Mexico are likely to provide major growth prospects for hemodialys and peritoneal dialysis providers. According to the US Renal Data System, Taiwan and Malaysia have the highest incidence of treated ESRD in the 45–65 and 75 years age group.
To capitalise on the considerable growth prospects in emerging regions, firms are increasingly focused on strategic development agreements/partnerships with regional/domestic players, geographical expansions, and acquisitions.
Furthermore, government support for ESRD therapy, the development of home/nocturnal dialysis, and the expanding number of dialysis clinics are fueling the expansion of the hemodialys and peritoneal dialysis market in developing nations.
The leading causes of death among dialysis patients are heart illnesses (arrhythmic mechanisms or sudden cardiac arrest) and vascular access-related issues such as bleeding and infection, low blood pressure, nausea, hernia, hepatitis (B & C), and anaemia.
Peritonitis is a frequent peritoneal dialysis complication caused by contamination of peritoneal dialysate or tubing with pathogenic skin germs or by catheter-related illnesses. Peritonitis kills 16% of Parkinson’s disease patients in North America each year. This restricts the use of dialysis techniques.
The hemodialys and peritoneal dialysis markets are dominated by North America. European is gaining momentum among the region’s enormous dialysis patient group. Factors such as a stronger reimbursement system in comparison to Europe and the Asia Pacific, the availability of professionals (nephrologists), and the presence of well-equipped dialysis clinics for patient treatment are pushing the hemodialys and peritoneal dialysis market.
Factors such as the growing preference for peritoneal dialysis and the rising use of home hemodialys (HHD) are driving the expansion of the hemodialys and peritoneal dialysis market.
The major players in the global hemodialys and peritoneal dialysis market are Fresenius Medical Care AG & Co. KGaA (Germany), Baxter International, Inc. (US), Nikkiso Co., Ltd. (Japan), B. Braun Melsungen AG (Germany), Asahi Kasei Corporation (Japan), DaVita Inc. (US), Nipro Corporation (Japan), Cantel Medical Corporation (US), Diaver (US).
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What is the Leading Segment in the Hemodialys and Peritoneal Dialysis Market by Application?
With a CAGR of 5.7% predicted through 2032, the hospital-based category dominated the market. Owing to the substantial availability of highly qualified and experienced healthcare staff at hospitals, the segment is projected to maintain its lead in the future. In healthcare settings, such as dialysis centers and hospitals, the presence of a skilled and experienced renal care team promotes effective therapy and improved dialysis results.
Furthermore, the segment is expected to be driven by businesses’ increasing focus on opening independent dialysis centers and the increased adoption of in-center dialysis therapy by patients.
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The post Hemodialys and Peritoneal Dialysis Market is Set to Reach a Valuation in Excess of US$ 148.1 Billion by Forecast 2022 to 2032 appeared first on Future Market Insights.
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