Increase in number of cases of end-stage renal diseases, rise in prevalence of diabetes, surge in funding for the development of new products with advanced technology, and growth in incidence of kidney failure propel the demand for dialysis market growth. However, the lack of awareness about kidney diseases, product recall, and reduction in reimbursements for dialysis are expected to prevent the market growth.
The peritoneal dialysis segment is expected to grow at a highest rate and provide lucrative opportunities for the market players. The advantages of peritoneal dialysis over hemodialysis, such as low number of clinical visits, negligible usage of needles, and easy-to-use machineries, are expected to boost the market for peritoneal dialysis.
The employment of dialysis is highest in North America, owing to the increase in adoption of these products, high prevalence rate of diabetes and hypertension, and growth in disposable income among customers. Although the use of dialysis in Asia-Pacific and LAMEA is low, the adoption rate is expected to increase, owing to rise in disposable income, increase in incidence rate of kidney failure, and presence of large geriatric population.