The Global Home Dialysis Systems Industry is on the brink of a transformative era, set to achieve an impressive valuation of US$ 45.81 billion by 2032, propelled by a remarkable Compound Annual Growth Rate (CAGR) of 10.1%, according to the latest insights from Future Market Insights (FMI).
In 2022 alone, the industry exhibited a substantial revenue of US$ 19.27 billion, laying the foundation for its upward trajectory in the coming decade.
Several key factors contribute to this unprecedented growth. The escalating prevalence of diabetes and hypertension, coupled with an expanding geriatric population, has intensified the demand for innovative healthcare solutions. Simultaneously, government initiatives are injecting substantial capital into the development of cutting-edge products, further stimulating the sales of home dialysis systems.
A paradigm shift is underway as patients increasingly opt for home care, steering away from congested hospital settings. The surge in hospital traffic has led to a growing preference for home dialysis systems among end users, consequently driving up demand.
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Key Takeaways from the Global Home Dialysis Systems Industry Study
- The leading segment in the product category is service as it is easily installed and applicable for patients along with its best applications in emergency conditions, holding 55.44% of the market share.
- Higher growth opportunities for this segment are attributed to its prevalent use during the COVID-19 and post-COVID implications, increasing the sales of home dialysis systems.
- The chronic kidney disease segment holds 80.22% of the global revenue. The factors contributing to the growth of this segment are rising kidney issues, high blood pressure, and multiple pre-existing illnesses.
- Other diseases like obesity and diabetes also have their implications, and chronic kidney disease is one of the most common conditions, fueling the sales of home dialysis systems.
- North America is anticipated to hold 38.40% of the global share in the home dialysis systems market by the end of 2032. The rising home dialysis systems market in the North American region is owed to the highest geriatric population, youth suffering from chronic diseases like diabetes and blood pressure
- The Asia Pacific region is anticipated to grow in the home dialysis systems market with the highest CAGR as the cases of failing kidney is rising in the region. This happens because of the lower quality of drinking water and unhygienic food.
“As the covid-19 has triggered the need for home dialysis systems as there was a huge number of patients with failing body organs. The frequently expanding healthcare market is also attributed to the growth of home dialysis systems. According to the Global Home Dialysis Systems Industry survey, the clinical treatment centers, chronic diseases, and hospitals consume the most of the Global Home Dialysis Systems Industry. With the advent of the COVID-19 outbreak, home hemodialysis has gotten a lot of traction since it allows patients to do their dialysis at home in a home environment.” says Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.)
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Global Home Dialysis Systems Industry Competitive Landscape
The Global Home Dialysis Systems Industry has various key competitors that focus on expanding their supply chain while expanding the sales channel. The key competitors understand and focus on experimenting with the product while making it more nature-friendly and industry-specific for the end users. This makes the competitive landscape more dynamic and versatile, owing to the expansion of the Global Home Dialysis Systems Industry.
Global Home Dialysis Systems Industry Recent Developments
- CertainTeed Corporation has added new products to its siding portfolio including vinyl, polymer, stone, and composite siding. Composite siding includes construction-specific Home dialysis systems. This fuels the sales of home dialysis systems.
- Fiberon and BlueLinx have introduced 14 new distribution spaces for composite decking and railing products. These new distribution centers are located in Denver, Colorado, Jacksonville Tampa, Florida, Chicago, Illinois, Detroit, and Grand Rapids, Michigan, among other cities, pushing the demand for home dialysis systems globally.
Global Home Dialysis Systems Industry by Segmentation
By Type:
- Hemodialysis
- Conventional
- Short Daily Hemodialysis
- Nocturnal Hemodialysis
- Peritoneal Dialysis
- Continuous Ambulatory Peritoneal Dialysis (CAPD)
- Ambulatory Peritoneal Dialysis (APD)
By Product Outlook:
- Device
- Machine
- Dialyzers
- Water Treatment System
- Others
- Consumables
- Bloodlines
- Concentrates
- Catheters
- Others
- Service
By Treatment Outlook:
- Acute Kidney Disease
- Chronic Kidney Disease
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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