Market Trends of Global Hemodialysis Industry
This section covers the major market trends shaping the Hemodialysis Market according to our research experts:
Conventional Long-term Hemodialysis is the Segment by Modality is Expected to Hold Largest Market Share over the Forecast Period
The Conventional Long-term Hemodialysis segment is expected to witness significant growth in the hemodialysis market over the forecast period owing to the factors such as the rising number of patients with chronic kidney diseases, increasing company activities, and huge acceptance of hemodialysis therapy over peritoneal dialysis among chronic kidney diseases (CKD) and end-stage renal disease (ESRD) patients.
The COVID-19 pandemic has affected hemodialysis procedures. However, to cope with the crisis created by COVID 19, in July 2021, NephroPlus launched its Dialysis on Call service in Hyderabad in a bed to expand its portfolio of service offerings by taking the dialysis setup to a patient's place and conducting the procedure at their convenience. The advantage of the service is that the machine and other equipment do not need to be stationed in the patient's home. Also, in July 2020, NephroPlus launched India's first 'Dialysis on Wheels' Program where a patient can undergo dialysis inside an ambulance itself that comes to their home and is accessible to patients across Delhi, Gurgaon, Faridabad, Ghaziabad, and Noida region. This model is anticipated to drastically reduce the cost of home hemodialysis, which will encourage more patient adoption. Additionally, the relaxation in lockdown guidelines is increasing the therapeutic procedural rate, which further increases the segment growth.
In addition, according to the Organ Procurement and Transplantation Network, around 92,000 people as of February 2022 are waiting for kidney transplants in the United States. In addition, as per the same source, in 2021, 25,490 people (or about 1 in 5) were able to get a kidney transplant in the United States. Thus, owing to the shortage of kidneys for transplant is expected to increase the demand for hemodialysis among the population which further increases the market growth over the forecast period.
Furthermore, major manufacturers have focused on developing specialized dialysis equipment coupled with growing partnerships and collaboration among market players, which is expected to drive the market's growth. Currently, various home and in-center hemodialysis machines are available in the market. For instance, in June 2021, Max Healthcare's Max@Home service launched home hemodialysis services for patients in collaboration with NephroPlus. Also, in October 2020, Fresenius Medical Care North America (FMCNA) entered into an innovative partnership with Livongo Health, Inc, to improve the lives and outcomes of people with late-stage chronic kidney disease (CKD) by increasing optimal dialysis starts, as well as offer earlier evaluation of transplantation and home dialysis options.
Therefore, owing to the aforementioned factors, the studied market is expected to have significant growth over the forecast period.
North America is Expected to Hold Largest Market Share over the Forecast Period
North America is expected to dominate the hemodialysis market over the forecast period owing to the factors such as the increasing prevalence of chronic kidney diseases, hypertension, and diabetes, well-established healthcare infrastructure, and high healthcare spending in the region.
The rising burden of chronic diseases such as kidney diseases, diabetes, and hypertension is the key factor driving the market growth over the forecast period. For instance, according to 2022 statistics published by the International Diabetes Federation, in the 10thedition of 2021, 2,974.0 thousand people were living with diabetes 2021 in Canada. In addition, as per the same source, this number is projected to reach 3,288.2 thousand by 2030 and 3,468.5 thousand by 2045. As per the same source, 32,215.3 thousand people were living with diabetes in 2021 in the United States and this number is projected to reach 34,755.3 thousand by 2030 and 36,289.9 thousand by 2045. Thus, the increasing number of diabetes cases is expected to increase the risk of developing kidney diseases in patients which are expected to increase the demand for hemodialysis procedures, thereby boosting the market growth. Similarly, according to the data published by the Centers for Disease Control and Prevention in Chronic Kidney Disease in the United States 2021 report, it has been observed that the people aged 65 years and above have the highest prevalence of chronic kidney disease with 38%, followed by people ages 45 to 64 (12%) and people ages 18 to 44 (6%), in the United States.
Furthermore, the rising geriatric population in the region who are more prone to develop hypertension, diabetes and chronic kidney diseases are also contributing to the market growth over the forecast period. For instance, according to the 2022 statistics published by the United Nations Population Fund, in the United States, a large proportion of the living population is aged 15-64 and accounts for 65% in 2022. In addition, as per the same source, 17% of the population is aged 65 years and above in 2022. Thus, the increasing aging population is expected to develop chronic kidney disaeses an end-stage renal diseases which increases the demand for dialysis and kidney transplantation, thereby boosting the market.
Moreover, the rising company activities in developing advacnced hemodialysis machine, and consumables are also contributing to the market growth. For instance, in December 2020, Medtronic launched its Carpediem Cardio-Renal Paediatric Dialysis Emergency Machine in the United States upon receiving Food and Drug Administration's (FDA) marketing authorization. The first machine was installed at Cincinnati Children's Hospital Medical Center. Also, in October 2020, Diality invested around USD 12.5 million in developing a portable hemodialysis system to address the unmet technology needs of the evolving dialysis industry.
Therefore, owing to the aforementioned factors, the studied market is expected to have a significant growth in the region over the forecast period.
