Global US Dialysis Service Market is Expected to Grow at a CAGR of 6.5% by 2028
According to the latest research by SkyQuest Technology, the US dialysis service market was valued at US$ 26.20 billion in 2021, and it is expected to grow at a CAGR of 6.5% during the forecast period of 2022-2028. The research provides up-to-date dialysis service market analysis of the current market landscape, latest trends, drivers, and overall market environment.
Dialysis is a treatment used to eliminate waste products from the blood, such as urea and creatinine, as a result of poor kidney function; it is commonly required for those with chronic renal failure. The procedure is essential for treating end-stage renal disease (ESRD) and kidney transplants. During this procedure, the electrolyte balance is recovered, the blood is purified, and superfluous fluid and toxins are removed. There are two ways to perform dialysis: hemodialysis and peritoneal dialysis. During hemodialysis, waste products like urea are removed extracorporeal from the patient's circulation. In peritoneal dialysis, the abdomen is used for the dialysis process. The effects of the epidemic have been unprecedented and overwhelming, and as a result, demand has decreased in the sector. According to the market, there will be 1.19 % less growth in 2022 compared to the normal year-over-year gain during 2021, according to our analysis the market is predicted to grow from US$ 26.20 billion in 2021 to US 32.46 billion in 2022. The US dialysis service market is expected to grow at 6.5 % CAGR by 2028. The growth of the market, which once reached pre-pandemic levels, is what is causing the CAGR to rise. In spite of the fact that there is no longer a pandemic in the US, the number of dialysis patients grows significantly every. According to the National Renal Foundation, 554,038 of the 785,883 Americans who experienced renal failure in 2021 underwent dialysis. However, a significant fraction of people who do not have access to kidney replacement therapy dies every year from renal failure in the millions, frequently without receiving any support. Also projected to speed up market expansion during the forecasted period is a shift in the acceptance trend of telehealth-based treatments .
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For instance, the Bipartisan Budget Act, a federal law relating to budget and expenditure created in the United States, was approved. This law also made telemedicine available to those getting care at home.
The lack of available kidney donors for transplantation in the US remains a serious problem. Around a large number of dead donors, kidneys are rejected each year as a result of irregularities found in procurement biopsies. A kidney transplant is a time-consuming procedure, and in order to prevent difficulties after the transplant, the donor kidney must be carefully inspected. The risk of renal failure is common. As a result, fewer people are giving their kidneys as donors these days. Patients become significantly dependent on dialysis therapy as a result, which increases their demand for it.
Data from Penn Medicine show that the lack of available kidneys for transplant has become a serious public health issue in the United States. In the nation, there are around 90,000 people on the kidney transplant waiting list. However, there are only approximately 20,000 transplants carried done each year. Approximately 5,000 people on the transplant waiting list pass away each year without receiving a transplant. As a result, the U.S. kidney donor scarcity will help the dialysis industry grow since it will increase the demand for dialysis therapy there.
The US dialysis service market is divided into equipment, consumables, and services based on product and service categories. The consumables segment had revenues of about US$ 4.2 billion in 2021 and is anticipated to increase rapidly during the study period. Consumables like catheters provide the highest level of patient safety, facilitating market expansion.
Similar to this, tunneled hemodialysis catheters enable a straightforward, needle-free connection to the dialysis circuit, eliminate difficulties at the cannulation site, and provide a simple insertion approach that may be carried out by a variety of interventional specialists. Consumables like dialyzers, blood tubes, access products, and other items also often used during hemodialysis therapy have a higher replacement rate.
Additionally, an increase in chronic renal disease instances will help the market grow. For instance, the 2021 Centers for Disease Control and Prevention information sheet estimates that 37 million people in the United States, or about 15% of the adult population, suffer from chronic renal disease. Diabetes and heart disease are the primary causes of this illness. Rising diabetes incidence and the prevalence of high blood pressure are therefore anticipated to contribute to the U.S. dialysis market share.
The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about learning management systems Market Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions
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Report Scope & Segmentation
Report Attribute
Details
Growth Rate
CAGR of X % from 2022 to 2028
The base year for estimation
2021
Historical data
2016 – 2021
Forecast period
2022 to 2028
Report coverage
Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments covered
● By Type- Hemodialysis and Peritoneal Dialysis
● By End-User- Dialysis Centers, Home Healthcare, and Hospitals.
Regional scope
North America, Europe, Asia-Pacific (APAC), Latin America (LATAM), Middle East & Africa (MEA)
Country scope
US, Canada, Germany, France, UK, Italy, Spain, China, India, Japan, Brazil, GCC Countries, South Africa
Key companies profiled
● Baxter (US)
● Fresenius Medical Care AG & Co. KGaA (Germany)
● B. Braun Melsungen AG (Germany)
● Becton
● Dickinson and Company (US)
● Nipro (Japan)
● Medtronic (Ireland)
● Nikkiso Co. Ltd (Japan)
● Asahi Kasei Medical Co. Ltd (Japan)
● Cantel Medical (US)
Customization scope
Free report customization (15% Free customization) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options
Reap the benefits of customized purchase options to fit your specific research requirements.
What does this Report Deliver?
● Market Estimation for 20+ Countries
● dialysis service Market demand by Region, Sub-Region, and Country
● Customization on Segments, Regions, and Company Profiles
● 100+ tables, 150+ Figures
● Global, Regional, and Country-specific dialysis service Market Trends
● Comprehensive Mapping of dialysis service Industry Parameters
● Attractive Investment Proposition in the US dialysis service Industry
● Competitive Strategies Adopted by US dialysis service Market Key Players
● Drivers, Restraints, Opportunities, Challenges, and the impact on the US dialysis service market size
● Market growth rate till 2028
● Regulatory scenario, regional dynamics, and dialysis service market insights of leading countries in each region
● In-depth Market insights by Region and Country
● Market Segmentation Trend Analysis, Opportunities, and Growth
● Porter’s five force analysis to know the market’s condition
● Pricing Analysis and dialysis service Market Sales
● Parent market analysis
● Product portfolio benchmarking
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SkyQuest has segmented the US dialysis service Market based on Product Type, End User, and Region :
● US Dialysis Service Market by Type(Revenue, US$ billion, 2021 - 2028)
○ Hemodialysis
○ Peritoneal Dialysis
● US Dialysis Service Market by End-User (Revenue, US$ billion, 2021 - 2028)
○ Dialysis Centers
○ Home Healthcare
○ Hospitals
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