Growth Drivers
Increasing Cases of Chronic Kidney Disease - Chronic kidney diseases or chronic kidney failure is the damage to the kidney to function normally. The damaged kidneys cannot filter blood to remove toxins. This will eventually lead to multi-organ damage, leading to hypertension, heart failure, a heart stroke, or death. Dialysis is one of the best options for treating chronic kidney disease, along with medical care. Moreover, unhealthy eating habits and the practice sedentary lifestyle make people more prone to kidney disease and are estimated to boost the market growth during the forecast period. As per the estimations, about 11% of the world’s population are suffering from chronic kidney disease in 2022.
Growing Prevalence of Diabetes Among the People - Diabetes affects every tissue, organ, and cell of the body, that increases the demand for dialysis among them. Hence, it is anticipated to surge the global dialysis market over the forecast period. As per the CDC, about 34.2 million people, or 10.5% of the population including all age groups, suffered from diabetes in the U.S in 2018.
Increase in Renal Complications of Patients during COVID - As per the estimations, about 25% of global patients hospitalized with COVID-19 developed kidney injuries, and over 45% of patients with kidney injuries in the ICU (intensive care unit) needed dialysis
Rise in the Geriatric Population Across the World - There are higher chances among the aged population to be affected by the diseases, as the immunity gets weaken with age, and it is projected to drive the global dialysis market. As per the estimations, the number of old people across the world will double by 2050 and reach 2 billion up from 1.5 billion in 2030.
Challenges
Rise in Kidney Transplantation - In the last decade, the number of live donor kidney transplants performed in the US and Canada has doubled and now represents just over 40% of all donor kidneys. Among deceased donor kidneys, the largest percentage increases were seen in expanded criteria donors and kidneys donated after cardiac death.
Base Year |
2022 |
Forecast Year |
2023-2033 |
CAGR |
~5% |
Base Year Market Size (2022) |
~ USD 110 Billion |
Forecast Year Market Size (2033) |
~ USD 155 Billion |
Regional Scope |
|
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
5.5% |
Base Year Market Size (2024) |
USD 122.79 billion |
Forecast Year Market Size (2037) |
USD 242.33 billion |
Regional Scope |
|
Author Credits: Radhika Pawar
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