The global dialysis equipment market is poised to grow at a CAGR of 6.2 percent during the forecast period 2015-2020 and is expected to reach USD 93.83 billion by 2020 from USD 69.45 billion in 2015. The hemodialysis market holds the largest share of 86.8 percent of the global dialysis equipment market in 2015 and is estimated to grow at a CAGR of 6 percent in the forecast period, according to Fast Market Research. However, the peritoneal dialysis market is estimated to grow at a high CAGR of 7.8 percent.
Geographically, North America commands the largest share of 36.9 percent of the global dialysis equipment market in 2015, followed by Asia-Pacific. The Asia-Pacific region is poised to grow at the highest CAGR of 9.7 percent in the next 5 years. Factors such as the rising number of end-stage renal disease patients across the globe, increasing prevalence of diabetes and hypertension, growth in aging population, low patient preference toward kidney transplantation, and technological advancements are propelling the growth of the dialysis market.
However, factors such as the decrease in medicare reimbursements, pricing pressures, low awareness about kidney diseases and renal treatment modalities, product recalls, and reuse of hemodialysis consumables are restraining the growth of this market.