Home > Healthcare > Medical Devices > Therapeutic Devices > Dialysis Machines Market
Dialysis Machines Market Size
- Report ID: GMI9059
- Published Date: Apr 2024
- Report Format: PDF
Dialysis Machines Market Size
Dialysis machines market was valued at around USD 4.7 billion in 2023 and is expected to reach growth at a CAGR of 4.3% from 2024 to 2032 period, driven by the rising prevalence of end stage renal diseases (ESRD) patients, the increasing incidence of diabetes, and the shortage of donor kidneys.
The prevalence of chronic kidney disorders and end-stage renal disease has escalated, imposing a significant burden on renal health. For example, according to the National Kidney Foundation Inc., chronic kidney disease (CKD) affects 10% of the global population, with millions affected annually due to inadequate access to treatment. Furthermore, recent data from the Centers for Disease Control and Prevention (CDC) indicates that approximately 15% of adults in the U.S. have CKD, with over 360 patients requiring dialysis for kidney failure every day.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| Dialysis Machines Market Size in 2023: | USD 4.7 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 4.3% |
| 2032 Value Projection: | USD 6.8 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 89 |
| Tables, Charts & Figures: | 135 |
| Segments covered: | Product Type, End-use, and Region |
| Growth Drivers: |
|
| Pitfalls & Challenges: |
|
Additionally, the increasing incidence of diabetes is also a significant factor leading to chronic kidney disease and renal ailments and, consequently, augmenting the dialysis machines market growth. Diabetes is one of the leading causes of CKD around the globe. Over time, high blood sugar levels can damage the blood vessels and nephrons, leading to kidney dysfunction and the eventual need for dialysis. For instance, according to the CDC data, in 2021 around 37.3 million people in the U.S. were suffering from diabetes.
As the diabetic population grows, there is a higher demand for dialysis services to manage ESRD. Diabetes hinders regular kidney functioning and frequently results in kidney failure which augments the demand for dialysis machines. A dialysis machine is a medical device used to artificially filter waste and excess fluid from the blood when the kidneys are no longer able to perform this function adequately. This process, known as dialysis, is essential for individuals with kidney failure or renal insufficiency.
Frequently Asked Questions (FAQ) :
Dialysis Machines Market Scope
