Global hemodialysis and peritoneal dialysis market size to grow by USD 6.61B

The global hemodialysis and peritoneal dialysis market size is estimated to grow by USD 6.61 billion, at a CAGR of 5.97% between 2023 and 2028.

The growing geriatric population is notably driving the market growth:
The elderly population faces a high prevalence of chronic diseases like CKD due to age-related declines in immune and organ function. Healthcare spending rises with the growing aging population, projected to triple by 2050. This trend drives demand for devices and consumables, boosting market growth during the forecast period.

• Growing demand for home-based dialysis treatments is an emerging trend shaping the market growth.
• A shortage of skilled professionals is a significant challenge hindering the market growth.

Market overview:
The Hemodialysis and Peritoneal Dialysis Market encompasses treatments for kidney disease, including hemodialysis and peritoneal dialysis. Hemodialysis, a common procedure, involves using a dialysis machine to filter blood outside the body. Peritoneal dialysis, an alternative method, utilizes the peritoneum’s membrane for filtration. Both are vital for managing renal failure and chronic kidney disease, providing renal replacement therapy for end-stage renal disease patients. The market includes dialysis equipment, such as machines and catheters, as well as dialysis clinics and centers offering these treatments. With advancements in dialysis technology and innovation, coupled with increasing cases of kidney disease, the demand for dialysis products and services continues to grow, driving the market forward. Technavio