North America Dialysis Market by Dialysis Type (Hemodialysis and Peritoneal Dialysis), Products & Services (Equipment, Consumables, Drugs, and Services), End User (In-center Dialysis, and Home Dialysis) – Global Opportunity Analysis and Industry Forecast, 2024–2030
Industry: Healthcare | Publish Date: 14-Feb-2024 | No of Pages: 117 | No. of Tables: 81 | No. of Figures: 46 | Format: PDF | Report Code : N/A
Speak to Our Analyst
Market Overview:
The North America Dialysis Market size was valued at USD 64.38 billion in 2023, and is expected to reach USD 81.02 billion by 2030, with a CAGR of 3.3% from 2024 to 2030.
Dialysis is a life-sustaining medical procedure employed to manage patients with end-stage renal disease (ESRD) or acute kidney injuries. This market encompasses a spectrum of products and services, including hemodialysis and peritoneal dialysis equipment, dialysis consumables, and associated pharmaceuticals.
With the rising prevalence of kidney-related disorders and the increasing aging population, the market plays a critical role in delivering essential renal care, aiming to enhance patients' quality of life and improve overall healthcare outcomes.
The Surging Old-Age Population is Fueling the Market Towards Growth.
The growth of the dialysis market is significantly propelled by the aging population, which presents a multifaceted impact on the prevalence and management of kidney-related disorders. According to the latest report published by the World Health Organization in 2022, the number of people above 60 reached 1.4 billion in 2020, which is anticipated to reach 2.1 billion by 2050.
As individuals age, the heightened risk of chronic conditions such as diabetes and hypertension contribute to an increased incidence of Chronic Kidney Disease (CKD). The natural decline in kidney function associated with aging necessitates therapeutic interventions, with dialysis emerging as a critical lifeline for those experiencing significant renal decline.
The prevalence of comorbidities in older individuals further accentuates the demand for renal replacement therapies, positioning dialysis as a vital treatment method. The growing number of elderly individuals reaching the advanced stage of End-Stage Renal Disease thereby shaping the expanding landscape of the dialysis market.
Technological Developments in Dialysis Machines is Driving the Market to Grow:
Continuous innovation in dialysis machine technology is a significant driver for the dialysis market. Modern dialysis machines are equipped with advanced features, including improved filtration mechanisms, enhanced portability, and user-friendly interfaces. These technological advancements not only enhance the overall efficiency of dialysis treatments but also contribute to a more comfortable and convenient experience for both healthcare providers and patients.
As these machines evolve, they offer better precision in removing toxins from the blood, leading to improved outcomes and patient satisfaction. The integration of smart technologies and connectivity features further facilitates remote monitoring and data management, streamlining the overall dialysis process and supporting personalized treatment plans. The continuous pursuit of technological excellence in dialysis machines positions them as essential tools in the management of kidney-related disorders, driving the growth of the North America dialysis market.
Risk Attached to Infection and Complication Hinders the Market Expansion.
One of the significant challenges in the North America dialysis market is the inherent risk of infections and complications associated with these procedures. Gap in adherence to stringent hygiene practices and inadequate sterilization measures can elevate the effect of infections, posing a threat to patient health. Additionally, complications arising from the dialysis process itself can contribute to treatment challenges.
Introduction of At-Home Dialysis Solutions is creating Growth Opportunity for the Market:
The opportunity lies in offering dialysis solutions that patients can conveniently use at home. This approach enhances patient comfort, reduces the need for frequent hospital visits, and provides a flexible kidney care option.
As more individuals prefer the convenience of managing their dialysis in the comfort of their homes, companies that provide user-friendly and portable dialysis equipment stand to capture a significant market share.
By addressing the growing demand for home-based healthcare solutions, the dialysis market can attract a broader customer base and foster long-term patient satisfaction, contributing to overall market growth.
The U.S. Holds the Dominant Market Share in the North America Dialysis Market
The technological advancements in healthcare are driving the growth in the market by extending life expectancy and enabling a larger demographic to live longer with chronic conditions. The advent of user-friendly home haemodialysis machines with intuitive interfaces and remote monitoring capabilities has revolutionized patient care. Patients can comfortably perform haemodialysis at home, reducing the need for frequent hospital visits.
Moreover, the surge in the market is prominently influenced by the aging demographic, marking a substantial impact on the prevalence and management of kidney-related disorders. As individuals age, the heightened risk of chronic conditions such as diabetes and hypertension become more pronounced, leading to an increased incidence of Chronic Kidney Disease (CKD). This demographic shift underscores the escalating demand for dialysis services as a crucial component in the management of kidney health in the aging population.
Mexico Marks the Fastest Growing Country in the Market
The technological advancements in healthcare are driving substantial growth in the dialysis market by extending life expectancy and enabling a larger demographic to live longer with chronic conditions. The advent of user-friendly home haemodialysis machines with intuitive interfaces and remote monitoring capabilities has revolutionized patient care. Patients can comfortably perform haemodialysis at home, reducing the need for frequent hospital visits.
Also, The surge in diabetes and hypertension cases in the country contributes significantly to the growth of the market. These chronic conditions, especially when unmanaged, can lead to kidney damage and eventually chronic kidney disease (CKD). With the increasing prevalence of diabetes and hypertension, there is a corresponding rise in the incidence of CKD, necessitating the use of dialysis as a crucial therapeutic intervention. The expanding patient pool with these comorbidities underscores the importance of dialysis services in managing kidney-related complications, driving the demand for dialysis treatments.
Competitive Landscape
Several market players operating in the North America dialysis market include Baxter International, Inc., DaVita Inc., Nikkiso Co. Ltd., NxStage Medical, Inc., Asahi Kasei Corporation, Medicators, Inc, Fresenius Medical Care AG & Co. KGaA, Nipro Corporation, B. Braun Avitum AG, Diaverum Deutschland GmbH, and others.
Key Market Segments
By Dialysis Type
-
Hemo Dialysis
-
Peritoneal Dialysis
By Products & Services
-
Equipment
-
Consumables
-
Drugs
-
Services
By End User
-
In-center Dialysis
-
Home Dialysis
By Region
-
North America
-
The U.S.
-
Canada
-
Mexico
-
REPORT SCOPE AND SEGMENTATION:
|
Parameters |
Details |
|
Market Size in 2023 |
USD 64.38 Billion |
|
Revenue Forecast in 2030 |
USD 81.02 Billion |
|
Growth Rate |
CAGR of 3.3% from 2024 to 2030 |
|
Analysis Period |
2023–2030 |
|
Base Year Considered |
2023 |
|
Forecast Period |
2024–2030 |
|
Market Size Estimation |
Billion (USD) |
|
Growth Factors |
|
|
Countries Covered |
3 |
|
Companies Profiled |
10 |
|
Market Share |
Available for 10 companies |
|
Customization Scope |
Free customization (equivalent up to 80 working hours of analysts) after purchase. Addition or alteration to country, regional, and segment scope. |
|
Pricing and Purchase Options |
Avail customized purchase options to meet your exact research needs. |
KEY PLAYERS
-
Baxter International, Inc.
-
DaVita Inc.
-
Nikkiso Co. Ltd.
-
NxStage Medical, Inc.
-
Asahi Kasei Corporation
-
Medicators, Inc.
-
Fresenius Medical Care AG & Co. KGaA
-
Nipro Corporation
-
B. Braun Avitum AG
-
Diaverum Deutschland GmbH
At Next Move Strategy Consulting, we understand that insightful market research is the cornerstone of successful business decisions. That's why we employ a robust and multifaceted approach, combining various methodologies to deliver the most accurate and actionable data for our clients.
Research Landscape
We navigate the world of research with two primary approaches:
Qualitative Approach
Our qualitative research methodologies involve immersive techniques such as in-depth interviews, focus groups, and observational studies. By engaging directly with individuals and stakeholders, we uncover valuable insights that quantitative data alone may overlook.
Quantitative Research
In tandem with qualitative methodologies, NMSC leverages the power of Quantitative Research to provide a robust foundation of numerical insights. Through systematic data collection and analysis, we quantify patterns, preferences, and market trends, offering a comprehensive view of the business landscape.
Our quantitative research approach employs diverse tools, including surveys, experiments, and statistical modelling. These methodologies enable us to gather data from a large and representative sample, ensuring the statistical significance of our findings. By employing structured questionnaires and standardized data collection methods, we guarantee the reliability and validity of the information we present to our clients.
Quantitative research is particularly effective in measuring the prevalence of trends, assessing market size, and gauging the impact of various factors on consumer behavior. The numerical precision attained through this approach equips our clients with actionable insights, facilitating data-driven decision-making and strategy formulation.
Our Specialized Toolbox for Industry-Specific Market Research
We deploy a specialized arsenal of techniques tailored to meet your unique requirements. Here's a glimpse into our comprehensive toolbox:
Information Procurement
The stage entails acquiring market data or relevant information through various sources and methodologies.
Market Research Approach
We utilize both top-down and bottom-up approaches in market research analysis to achieve a comprehensive understanding of the market dynamics, leveraging the broad perspective of industry trends and macroeconomic factors alongside detailed insights from specific segments and individual companies.
Porters Five Forces Analysis
We conduct Porter's Five Forces analysis to evaluate the competitive landscape of an industry, providing us with insights into factors that affect profitability and strategic positioning.
SWOT Analysis
We conduct SWOT analysis to understand market trends, identify potential threats, capitalize on opportunities, and assess our strengths and weaknesses.
Forecasting
We utilize a forecasting model to predict future consumption by considering parameters like population, economics, regulations, market competition, drivers, constraints, technology, and pricing. We also employ statistical techniques such as multilinear regression, exponential smoothing, moving average, ARIMA, and Monte Carlo simulations for accurate predictions. In econometric forecasting, we analyzed short-term and long-term event impacts, attributing values based on regulatory frameworks, economic factors, and market events.
Frequently Asked Questions
Download Free Sample
Related Report
Related Blogs
Technological Advancements Shaping The Minimally Invasive Surgical Systems Market
Introduction The landscape of medical interventions is un...
Revolutionizing Kidney Health: Latest Trends and Advancements in Dialysis Technology
Introduction Dialysis, a crucial medical procedure, is ca...
Transforming Healthcare With Patient Monitoring Innovations
Introduction Patient monitoring refers to the continuous or periodic observat...
