The growing frequency of renal diseases, alongside the noteworthy growth in geriatric population, has been a primary driver of the North America dialysis market forecast.
The growing frequency of renal diseases, alongside the noteworthy growth in geriatric population, has been a primary driver of the North America dialysis market forecast. The findings of the Centers for Disease Control and Prevention (CDC) reveal that during 2016, nearly 125,000 patients in the U.S. opted for End-Stage Renal Disease (ESRD) treatments, with over 726,000 of these individuals either being on dialysis or having a renal transplant.
The rising consumption of alcohol and embracement of other unhealthy habits amongst the population has been fueling the incidence of diabetes, leading to a greater demand for dialysis. Driven by these circumstances, the North America dialysis market size is set to reach over $37.5 billion by 2026. The following four accelerators have been supporting the growth of the North America dialysis industry share:
Shortage of kidney donors
The growing demand for kidney donation owing to the escalating incidence of diabetes-induced kidney failures has led to a shortage of organ donors in the region. Being one of the primary causes of renal disease, diabetes can lead to kidney disorder amongst 1 out of 4 patients suffering from diabetes. Thus, the growth in the number of nephropathy patients has been generating growing preference for this treatment option.
The North America dialysis market size is also expected to augment on account of the advantageous reimbursement policies aiming to cater to the needs of diabetic patients and individuals diagnosed with kidney failures and kidney disease.
Peritoneal dialysis to see high deployment
Having held a considerable share of the market during 2019, the market share from the peritoneal dialysis segment is slated to grow at a 4.5% CAGR between 2020 and 2026. The high degree of mobility offered to the patient by this alternative has been responsible for the rising demand for this type of dialysis across the region.
The market outlook is expected to reap the benefits of the growing focus of the industry players toward improvement and development of dialysis machines and equipment with latest technological features.
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In-center dialysis to gain traction
During 2019, the in-center dialysis segment accounted for more than 70% of the market share. The segmental growth is expected to stay aloft through the forecast years as well, on account of the availability of highly skilled and experienced healthcare professionals.
The availability of a skilled and experienced kidney care team ensures effective treatment and better outcomes of dialysis across healthcare settings such as dialysis centers and hospitals. The North America dialysis industry forecast is likely to gain substantially from the uptick in the number of hospitalized patients who must undergo this procedure, especially in the light of the COVID-19 pandemic.
Rising burden of renal diseases in the U.S.
The dialysis market in the U.S. is expected to register a spiraling demand through the next few years, attaining a considerable share by 2026, promoted by the increasing burden of renal diseases across the nation. With numerous individuals adopting a sedentary lifestyle, health conditions such as high blood pressure and high sugar levels have become commonplace in the past few years.
The findings of the U.S. National Kidney Foundation reveal that more than 37 million individuals residing in the U.S. were suffering from kidney diseases during 2016. The North America dialysis market outlook is certain to progress owing to the strong presence of leading industry players, coupled with the higher penetration of latest technology in the U.S.
DaVita, Baxter, Medtronic, Rogosin Institute, and B. Braun are some leading industry players providing dialysis equipment and services in North America.
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