The global renal dialysis equipment market will rise steadily from $14.44 billion in 2015 to over $18 billion by 2022, representing a Compound Annual Growth Rate (CAGR) of 3.48%, according to research and consulting firm GlobalData.
The company’s latest report states that this growth, which will occur across the 10 major markets of the U.S. France, Germany, Italy, Spain, the UK, Japan, Brazil, China and India, will primarily be driven by aging populations, growing awareness of therapeutic modalities, expanding demand in emerging countries, and technological innovation within the sector.
Peritoneal dialysis will be particularly important in Asia-Pacific markets, seeing a CAGR of almost 10%. This is in line with a general trend of emerging economies such as China, India and Brazil demonstrating stronger growth than global averages due to large untreated disease populations starting to receive help.
There will also be continued innovation within other segments of the renal dialysis market. For example, new hemodialysis machines equipped with blood volume monitors and dialysis dose monitors help clinicians assess the condition of individual patients and personalize dialysis treatment.