Taiwan Dialysis Market is Expected to Reach 317.5 million by 2030

17-Oct-2024

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The rising population of elderly population and the increasing prevalence of diabetes in the region drives the Taiwan Dialysis Market growth.

The Taiwan Dialysis Market size was valued at USD 203.6 million in 2023 and is predicted to reach USD 317.5 million by 2030, with a CAGR of 25.1% from 2024 to 2030.

The growing geriatric population in Taiwan is a key driver of the dialysis market, as elderly individuals are particularly susceptible to chronic kidney disease (CKD). With the risk of CKD increasing with age, the demand for dialysis treatments is expected to rise, contributing to the market's expansion.

According to the latest report from the Global Taiwan Institute, the proportion of people aged 65 and above in Taiwan is projected to reach 19% between 2019 and 2050. This demographic shift highlights the growing healthcare challenges posed by an aging population, necessitating improved medical services, including dialysis, to meet the rising demand.

Moreover, the rising number of diabetes patients in Taiwan is significantly driving the country's dialysis market, as individuals with diabetes are at a higher risk of kidney-related complications, requiring regular dialysis treatments to maintain their health.

According to the International Diabetes Federation (IDF), Taiwan had approximately 24.5 million diabetes patients in 2021, and this number is expected to rise to 30.3 million by 2045, marking a 23.7% increase over 24 years. This growing prevalence of diabetes is boosting the demand for advanced dialysis solutions and comprehensive renal care, contributing to the Taiwan dialysis market expansion.

However, the shortage of skilled healthcare professionals, including nephrologists and dialysis nurses, poses a significant challenge to the dialysis market in Taiwan. This lack of trained personnel affects both the availability and quality of dialysis services, as the growing demand for treatment outpaces the supply of qualified professionals. As a result, this shortage leads to delays in treatment and longer wait times, ultimately reducing the quality of patient care and hindering the market's growth.

On the other hand, advancements in kidney dialysis technology, particularly the development of portable dialysis devices, are poised to create substantial growth opportunities for Taiwan dialysis market in the coming years. These innovative devices allow treatments to be conducted in various settings, including homes and workplaces, offering patients greater mobility and independence while reducing the need for frequent clinic visits.

Healthcare providers can also leverage intuitive interfaces and remote monitoring capabilities to track patient health effectively without requiring in-person consultations, significantly improving treatment outcomes and patient autonomy, driving notable growth in the Taiwan dialysis market trends.

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According to the report, the top players operating in the Taiwan dialysis industry include Fresenius Medical Care, Baxter International, Inc., B. Braun, Nikkiso Co. Ltd., Medtronic plc, HI-CLEARANCE INC, Becton, Dickinson and Company, BenQ Dialysis Technology Corp, Bioteque Corporation, and Excelsior Medical Co., Ltd. among others.

Key Insights from the Taiwan Dialysis Market Report:

  • The information related to key drivers, restraints, and opportunities and their impact on the Taiwan dialysis market is provided in the report.

  • The value chain analysis in the market study provides a clear picture of the roles of each stakeholder.

  • The market share of the key players in the market along with their competitive analysis are provided in the report.

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