Hemodialysis Market to Reach $111.8 Billion, Globally, by 2032 at 3.8% CAGR: Allied Market Research
PORTLAND, Ore., Nov. 22, 2023 /PRNewswire/ -- Allied Market Research published a report, titled, "Hemodialysis Market By Product And Service (Equipments, Consumables, Drugs, and Services), Type (Conventional Hemodialysis, Daily Hemodialysis, and Nocturnal Hemodialysis), and Dialysis Site (In-Center Dialysis and Home Dialysis): Global Opportunity Analysis and Industry Forecast, 2023–2032" According to the report, the global hemodialysis industry generated $76.9 billion in 2022 and is anticipated to generate $111.8 billion by 2032, witnessing a CAGR of 3.8% from 2023 to 2032.
- This can hinder their ability to invest in R&D, product innovation, and market expansion.
- Furthermore, the recession does not affect the demand for hemodialysis products & services and pharmaceuticals, as hemodialysis serves as a life-saving treatment for patients with kidney failure.
- By type, the services segment held the highest market share in 2022, accounting for nearly two-thirds of the global hemodialysis market revenue and is estimated to maintain its leadership status during the forecast period, owing to the high adoption of hemodialysis services, and the high number of hemodialysis service provider.
- The consumables segment is projected to attain the highest CAGR of 4.8% from 2023 to 2032, owing to increase in usage of hemodialysis consumables by hemodialysis patients and surge in demand for hemodialysis consumables.