Press Release
Press Release
The hemodialysis market size is likely to increase by the growing prevalence of end-stage renal disease (ESRD) worldwide, along with an increasing geriatric population base susceptible to kidney disorder. The growing number of patients suffering from diabetes and hypertension are more susceptible to develop kidney diseases. Additionally, advancements in dialysis technology and increasing awareness about renal health and treatment options are driving market growth.
The market report examines a range of factors fuelling market growth, assessing both the opportunities and challenges affecting the market. Additionally, it delivers insights into the competitive dynamics, equipping market leaders with valuable information.
In September 2023 , Quanta Dialysis Technologies submitted a 510(k) premarket notification to the FDA for expanding the indication of its Quanta Dialysis System for self-care, in-home hemodialysis. This submission, if cleared by the FDA, would make the Quanta Dialysis System the third device in the United States indicated for home hemodialysis (HHD) in patients with end-stage kidney disease (ESKD).
The system is currently used in chronic and acute care settings. The expansion to include in-home use aims to provide patients with more control over their care, offering freedom and flexibility compared to traditional in-center dialysis. The FDA clearance for the expanded indication is expected in 2024. Quanta's submission is supported by clinical data from its Home Run™ study, demonstrating the efficacy and safety of the system for HHD.
Diality Inc., a medical technology company, is set to unveil its Moda-flx Hemodialysis System™ at ASN Kidney Week 2023, showcasing a platform designed for flexibility, ease of use, and mobility in dialysis care. The technology will be featured in a poster session titled “Blood Flowrate Accuracy with Diality Hemodialysis System” [SA-P0618] on Saturday, November 4.
Moda-flx aims to empower healthcare professionals to choose the right hemodialysis prescription, water/dialysate-generation option, and an easy-to-learn interface suitable for specialists and non-nephrology clinicians. Diality's CEO, Osman Khawar, stated that the system reflects its mission to improve lives impacted by kidney disease.
The hemodialysis market demand is influenced by a complex interplay of factors that reflect the changing landscape of healthcare needs, technological progress, and socio-economic trends. At the forefront is the escalating prevalence of chronic kidney disease (CKD) and End-Stage Renal Disease (ESRD), driven by an increase in diabetes, hypertension, obesity, and an aging population, necessitating the need for renal replacement therapies such as hemodialysis.
The aging demographic particularly underscores this demand, as older individuals are more susceptible to chronic conditions that may lead to kidney failure. Technological advancements in dialysis treatments have also played a significant role, making hemodialysis more efficient, patient-friendly, and accessible, thus broadening its acceptance and preference among patients.
Government policies and healthcare infrastructure development, especially in emerging economies, have been pivotal in making hemodialysis services more widely available and affordable, further stimulating market demand. Additionally, the global rise in healthcare expenditure facilitates the expansion of dialysis centers and the adoption of advanced treatment technologies.
Patient preference for treatments that offer a better quality of life, such as home hemodialysis (HHD), is reshaping market dynamics, emphasizing the need for more flexible and convenient treatment options. The expansion of health insurance coverage plays a critical role in making hemodialysis accessible to a broader population, thereby influencing the overall demand in the global market. These factors collectively shape the hemodialysis market, highlighting the opportunities for growth and the need for continuous innovation to meet the evolving demands.
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The major players in the global hemodialysis market are Fresenius Medical Care AG & Co. KGaA, Baxter International Inc., DaVita Inc., Nipro Corporation, B. Braun Melsungen AG, Nikkiso Co., Ltd., Asahi Kasei Corporation, NxStage Medical, Inc., Toray Industries, Inc., Allmed Medical Corporation, MEDIVATORS Inc., Rockwell Medical, Inc., Medtronic plc, Teleflex Incorporated, and JMS Co., Ltd.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Unit | USD Billion |
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