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The dialysis market size was USD 94.43 billion in 2022 and is projected to grow from USD 95.22 billion in 2023 to USD 150.84 billion by 2030, exhibiting a CAGR of 6.8% during 2023-2030. North America dominated the global market with a share of 40.72% in 2022.
The prevalence of chronic kidney diseases is rising at a significant rate, which in turn, has increased patient visits to renal therapy clinics over the last decade. Rise in the number of patients opting for this treatment have increased the demand for products, such as dialysate and hemodialysis machines. As a result of this, key companies are launching new products in the market and expanding their services, thereby accelerating the market growth during the forecast period.
Such new product launches and the rising prevalence of renal failure and other chronic diseases are expected to increase the patient population seeking this treatment, thereby spurring the market growth.
Market Growth Slowed Due to Decreased Number of ESRD Patients
The COVID-19 pandemic slowed the growth of the global market. Key firms reported single digit growth in revenues from their dialysis products and services owing to a slight increase in the number of patients requiring this treatment during the COVID-19 outbreak.
Moreover, according to the U.S. Renal Data System population data, the number of ESRD patients decreased by 0.6% in the first year of the onset of the pandemic. This figure is expected to decline by 3.5% from the forecasted number as compared to the pre-pandemic data. Hence, the market recorded a comparatively lower growth rate in 2021 and 2022. Also, the market is anticipated to witness slower growth in 2023. However, with the increasing number of patients and growth rate expected to reach pre-pandemic level, the market might witness significant growth in the coming years.
Substantial Shift From In-Center Dialysis to Home Dialysis Identified As Significant Market Trend
Patients with End-Stage Renal Disease (ESRD) are required to undergo treatment at renal facilities or they can opt for these services at home. Rising preference of patients for receiving care at home, especially in the developed economies, is one of the key global market trends. Patients opting for at-home hemodialysis are expected to lead more independent lives and may have better chances of survival as compared to those treated at a center. Several studies have demonstrated the improvement in mortality rates in patients receiving hemodialysis at home than those treated at a medical center. Such benefits are expected to increase the adoption of these products in homecare settings.
Also, governments in nations, such as the U.S. are engaged in setting up new payment methods to make kidney disease treatments more affordable and accessible, which can increase the preference for low-cost care at home. This factor is estimated to boost the number of patients opting for treatment in homecare settings in the coming years.
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Rising Prevalence of Chronic Kidney Diseases to Augment Market Growth
The overall burden of ESRD and CKD is one of the highest in terms of healthcare cost. Rising prevalence of chronic kidney diseases and renal failure, coupled with the increasing comorbidity of diabetes and hypertension in a patient, is one of the key factors bolstering this market’s growth. ESRD is the stage when one or both the kidneys permanently stop working properly and the patient needs to undergo long-term renal infusion therapy or receive a kidney transplant. Thus, the rising prevalence of ESRD is increasing the global cost burden of kidney diseases and is one of the key factors increasing the revenue of leading market players.
Furthermore, regulatory authorities are providing approval for the introduction of new products and consumables. Public authorities are increasing their participation to prevent & control renal diseases. Moreover, collaborations between various organizations to give efficient renal services in the niche areas of developing countries are estimated to further propel the dialysis market growth.
Improved Accessibility to Hemodialysis Centers to Drive Market Growth
The prevalence of chronic kidney diseases has increased considerably, which is propelling the demand for efficient renal facilities with lesser waiting time. The availability of well-qualified nephrologists in developed countries has, in turn, increased the number of renal care facilities. Moreover, to cater to the rising demand for renal care in emerging economies, investors are focusing more on increasing the network of renal treatment centers in countries, such as India, China, and Mexico. This is expected to increase the market’s revenue in the coming years. The delivery of affordable care in these countries is increasing the number of visits to these facilities.
Risks and Complications Associated with This Procedures to Slow Down Market Growth
Even though the number of patients receiving this treatment is constantly increasing, there are a few factors that may restrain the market growth over the forecast period. One of them is the risks and complications associated with these procedures.
Hemodialysis may cause severe complications and side-effects to patients undergoing this treatment. Several complications are associated with the creation of the access for this therapy. The imbalance of fluids and electrolytes in the body impacts the heart function and blood pressure, resulting in serious complications.
Few of the acute complications observed in hemodialysis patients include intradialytic hypotension or hypertension, cardiac arrhythmias, dialysis disequilibrium syndrome, seizures, bleeding, and others.
Dialysis Services Gained Momentum Owing to Increasing Prevalence of Chronic Kidney Diseases
Based on type, the market is segmented into products and services.
The services segment accounted for the maximum market share in 2022 due to the emergence of well-equipped renal care facilities for chronic and acute care across the globe and rising burden of kidney diseases. Due to these factors, the demand for chronic and acute-dialysis services has surged significantly.
Moreover, the products segment is expected to witness healthy growth in the coming years owing to the rising number of local and regional market players to cater to the growing demand for advanced products and consumables.
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Hemodialysis to Gain Traction Owing to Higher Adoption of This Modality
By dialysis type, the global market is categorized into hemodialysis and peritoneal dialysis.
Hemodialysis segment generated the highest revenue in the market in 2022 and is expected to remain dominant in terms of revenue throughout the forecast period. Inadequate training provided for peritoneal treatment in developed as well as developing countries has reduced the preference for peritoneal dialysis. Moreover, the clinical benefits associated with hemodialysis, such as lesser time and adoption of arteriovenous (AV) fistula are propelling the demand for this procedure. Additionally, the increasing incidence of severe CKD among the geriatric population is augmenting the number of patients requiring hemodialysis treatment.
The peritoneal dialysis segment is expected to witness strong growth over the forecast period. Increase in the preference for peritoneal dialysis over hemodialysis in developed countries is expected to drive the segment's growth during the forecast period. Additionally, demand for at-home peritoneal dialysis treatment is expected to increase in the coming years, thereby accelerating the segment’s growth.
Dialysis Centers & Hospitals to Increase Product Use Owing to Rising Number of Patients Requiring Renal Care
Based on end-user, the market is segmented into dialysis centers & hospitals and home care.
In terms of value, the dialysis center & hospital segment accounted for the largest market share in 2022. This is due to factors, such as favorable reimbursements provided by renal facilities & hospitals for renal therapies, rising number of patients suffering from CKD & ESRD, and increasing healthcare expenditure by the population. The segment is also expected to dominate the market throughout the forecast period.
Homecare is anticipated to be the fastest-growing segment during the forecast period, recording a considerable CAGR. The growth of this segment is attributed to the fact that homecare dialysis is a cost-effective therapy to treat End-Stage Kidney Disease (ESKD). Similarly, the launch of next-generation products for home dialysis will further augment the segment’s growth during the forecast period.
On the basis of region, the global market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America Dialysis Market Size, 2022 (USD Billion)
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North America accounted for a dominant part in the dialysis market share and generated a revenue of USD 38.46 billion in 2022. The region is projected to dominate the market during the forecast period as well. High prevalence of CKD and ESRD in the U.S. and Canada and a higher treatment rate in these countries are the key factors estimated to boost the expansion of the regional market during the forecast period. The U.S. is also projected to witness growth in the demand for dialysis services and products due to the increasing incidence of coronavirus infections that may cause renal failure in some infected patients.
Europe is expected to emerge as the second-largest region in this market in terms of size, recording moderate growth in the long run. The region’s robust growth is due to the increasing percentage of the geriatric population suffering from renal disorders. Additionally, the number of patients receiving any form of dialysis therapy has increased over time throughout the region.
Moreover, Asia Pacific is expected to witness relatively higher growth in the global market. Funding by public organizations to improve the accessibility of renal care is likely to augment the regional market’s expansion during the forecast period. Also, the increasing accessibility of dialysis services in various regions including remote areas of Asia Pacific countries will further propel the market growth.
Furthermore, Latin America is expected to witness strong growth over the forecast period. In Brazil, the rising incidence of CKD among the elderly population is boosting the adoption of dialysis products and services.
The Middle East & Africa is estimated to reflect significant growth during the forecast period due to the delayed diagnosis of chronic CKD and ESRD, and growing presence of key players in this region to offer innovative products and services.
Diligent Efforts by Leading Companies to Introduce Novel Products Strengthened Their Market Position
The market’s competitive landscape is semi-consolidated, with key players, such as Fresenius Medical Care, DaVita Inc., and Baxter capturing a significant share in 2022. These companies are adopting various strategies, such as focus on getting regulatory approvals and expansion of geographic presence through partnerships & collaborations to expand their customer base.
Apart from these players, other prominent companies, such as B. Braun SE, Medtronic, Asahi Kasei Medical Co., Ltd., and others are also undertaking various strategic initiatives, such as launch of new & innovative products and increasing R&D expenditure to strengthen their market presence.
An Infographic Representation of Dialysis Market
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The market report offers qualitative and quantitative insights on the products and services offered and a detailed analysis of the market’s size & growth rate for all possible segments. Along with this, the report provides an elaborative analysis of the market’s dynamics, emerging trends, and competitive landscape. Key insights offered in the report include the prevalence of CKD & ESRD in key countries, recent industry developments, such as partnerships, mergers & acquisitions, new product launches, reimbursement policies, regulatory scenario, and key industry trends.
CAGR of 6.8% from 2023-2030
Value (USD billion)
By Dialysis Type
Fortune Business Insights says that the global market stood at USD 94.43 billion in 2022 and is projected to reach USD 150.84 billion by 2030.
In 2022, the market value stood at USD 38.46 billion.
The market will exhibit steady growth at a CAGR of 6.8% during the forecast period of 2023-2030.
Currently, the services segment was leading in the market by type.
Growing prevalence of chronic kidney diseases, introduction of technologically advanced products, and government initiatives offering increased access to dialysis are the key drivers of the market.
Fresenius Medical Care, Baxter, and DaVita Inc. are the major players operating in the market.
North America dominated the market in 2022.
Surge in the demand for effective treatment of chronic kidney diseases, increased adoption of technologically advanced systems, and a large patient population base are some of the factors expected to drive the adoption of these products.
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