Description
Dialysis Equipment Market size was valued at USD 15861.7 million in 2021 and is expected to reach USD 22468.2 million by 2028, at a CAGR of 5.1% during the forecast period 2022-2028. Emerging countries expected to create healthy growth opportunities for the market. About 80% of dialysis patients are old aged people. Rising geriatric population is the prime factor to develop kidney related disorders. It is estimated that the number of kidney failure cases expected to increase in developing countries, such as China, Japan and India, due to a number of geriatric population is high. As per estimates, China spends more than US$ 558 bn over the next decade due to cardiac diseases and kidney diseases. The high cost of treatment, limited skilled professionals, less reimbursement are expected to hamper the dialysis equipment market. Favorable government reimbursements in advanced countries make the dialysis affordable to patients. As per, Centers for Medicare and Medicaid Services, section 1881(b) (14) of the social securities act requires a prospective payment system for renal dialysis services furnished to Medicare and Medicaid beneficiaries for treatment of ESRD from 01 January 2011. ESRD PPS provides facility level and patient level per treatment payment to ESRD patients. This includes laboratory services, drugs, supplies and other costs for maintenance of dialysis. This report studies dialysis equipment market dynamics to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, the market report includes regulatory scenario and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed to better equip clients with possible investment opportunities across the regions (Regional Investment Hot-Spots) and market unmet needs (Product Opportunities).