Latest News- Hemodialysis and Peritoneal Dialysis Market: Devices is expected to lead the Product segment during 2024-2028

The Hemodialysis and Peritoneal Dialysis Market is being driven by Rising prevalence of CKD globally

The Hemodialysis and Peritoneal Dialysis Market is expected to grow at a CAGR of 5.97% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 6.61 billion. The global hemodialysis and peritoneal dialysis market have experienced significant growth due to technological advancements, most notably the development of wearable and portable dialysis devices. These innovations, such as wearable artificial kidneys, offer increased patient mobility and convenience. These lightweight, compact devices perform hemodialysis continuously and autonomously, enabling patients to engage in daily activities during treatment. Notable among these is the Wearable Artificial Kidney (WAK) by Awak Technologies Pte Ltd, which functions like a natural kidney and allows for greater independence compared to traditional machines. This technology represents a pioneering step forward in the dialysis industry. 

Get more information on Hemodialysis and Peritoneal Dialysis Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on segments_for_ai.nslist

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rising prevalence of CKD globally
• Growing geriatric population
• Growing emphasis on personalized and precision medicine in nephrology

However, the market also witnesses some limitations, which are as follows:

• High cost associated with dialysis treatment
• Shortage of skilled professionals
• Lack of accessibility and affordability in developing countries

Benefits of Buying Global Hemodialysis and Peritoneal Dialysis Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Hemodialysis and Peritoneal Dialysis Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The global market for renal replacement therapies, including hemodialysis and peritoneal dialysis, is driven by the increasing prevalence of chronic kidney disease (CKD) and acute kidney disease, as well as the rising number of dialysis patients due to organ donor shortages and the need for transplants. Technology advancements, such as wearable devices and improved hemodialyzers, aim to enhance patient care and reduce risks and complications, including vascular access problems, cardiac diseases, peritonitis, and mortality. Healthcare expenditure on dialysis services continues to grow, making it crucial for providers to address challenges like vascular access-related complications and minimize risks to ensure optimal patient outcomes.

Market Research Overview

The global hemodialysis and peritoneal dialysis market, as part of the larger global healthcare equipment market, encompasses organizations involved in the research and development (R&D) of diagnostic equipment and devices used for the treatment of chronic kidney disease (CKD). Technavio estimates the healthcare equipment market size by aggregating the revenues of manufacturers in the diagnostic equipment sector, spanning capital equipment, instruments, implants, accessories, and consumables. This industry segment includes advanced, differentiated, and data-driven devices, serving the therapy areas of hemodialysis and peritoneal dialysis. Organ donors and kidney transplants significantly impact market growth, with technology advancements continually enhancing treatment efficacy and patient outcomes.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/