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| Hemodialysis And Peritoneal Dialysis Market size to Grow by 5.53% Y-O-Y from 2023 to 2024, Market Growth at 5.97% CAGR expected between 2024 and 2028, Technavio | ||||||||||||||||||||||||||
| By: PR Newswire Association LLC. - 15 Mar 2024 | Back to overview list |
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NEW YORK, March 14, 2024 /PRNewswire/ -- 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.
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Key Companies The growing competition in the market is compelling vendors to adopt various growth strategies such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market's competitive landscape and offers information on several market vendors including -
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.
Insights on market dynamics that can impact businesses, further details on trends, challenges & drivers The hemodialysis and peritoneal dialysis market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects. Grow your profit margin with Technavio Analyst Review: The Hemodialysis and Peritoneal Dialysis Market is witnessing significant growth due to the increasing prevalence of kidney disease and renal failure worldwide. Hemodialysis and peritoneal dialysis are vital renal replacement therapies for patients suffering from end-stage renal disease and chronic kidney disease. These treatments utilize specialized dialysis machines and equipment to purify blood and remove waste products from the body, replicating renal function. Hemodialysis involves the use of a dialysis machine and hemodialysis catheter to filter blood externally, while peritoneal dialysis utilizes a dialysis solution and peritoneal dialysis catheter to filter blood internally through the peritoneum. Both modalities play a crucial role in managing renal failure and improving patient outcomes. The dialysis market encompasses a wide range of products, including dialyzers, dialysis solutions, and dialysis devices, supported by a network of dialysis clinics and centers. Continuous innovation and advancements in dialysis technology are driving the market forward, enhancing treatment efficacy and patient comfort. Dialysis research and development initiatives are focused on addressing dialysis complications, improving dialysis management, and expanding access to renal care globally. 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. Related Reports: The Urology Devices Market size is estimated to grow by USD 14.10 billion at a CAGR of 6.3% between 2022 and 2027. The Renal dialysis market size is estimated to grow at a CAGR of 8.77% between 2022 and 2027. The renal dialysis market size is forecast to increase by USD 65.79 billion. About US Contact
SOURCE Technavio 
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