The global market is valued at $61.60 billion in 2013 and is expected to grow at a CAGR of 6.2% in the next five years with the increasing number of ESRD patients and the rising prevalence of diabetes and hypertension worldwide.
In addition, growth in the number of dialysis facilities in developed as well as developing markets, increasing private investments, and venture funding to support new product development is a few of the other key factors that contribute to the growth of the global market. However, a reduction in Medicare reimbursements to dialysis centers, high costs of treatment, and low awareness of kidney related diseases and their treatment modalities in patients are the factors that are restraining the growth of the market.
In the report, the market has been segmented into hemodialysis and peritoneal products and services. The Hemodialysis products and services segment held the largest share of 85% in the global market, in 2012. Furthermore, the market has also been segmented on the basis of category (hemodialysis and peritoneal dialysis) and end-users (in-center dialysis and home dialysis). Inclination of patients towards home hemodialysis and nocturnal hemodialysis treatments exhibits a high growth potential for industry players in the near future.
North America holds the largest share of the global market. However, in the forthcoming years, developing regions such as Asia-Pacific (Japan, China, South Korea, and India), Latin America, and the Middle East are expected to form new revenue generating pockets for the market players. Economic developments, the presence of a large patient population, the growing number of dialysis centers, rising incidence and prevalence of diabetes and hypertension, and increasing government initiatives to develop/improve dialysis care are the key factors that drives the growth of the market in developing regions.
The market is majorly dominated by a few players such as Fresenius Medical Care AG & Co. KGaA (Germany), DaVita Healthcare Partners Inc. (U.S.), Gambro AB (Sweden), Baxter International Inc. (U.S.), and B. Braun Melsungen AG (Germany). Fresenius Medical Care holds the leading position in the market with a share of ~24% in 2013. Partnerships and collaborations are the key strategies adopted by market players to ensure their growth in the market. The introduction of the bundle reimbursement system has further lead to an increase in the number of collaborative partnerships among industry participants.
