End Stage Renal Disease Market To Hit Value 1.64 Billion By 2025 |Grand View Research, Inc.Posted by Mrudula Anil Karmarkar on June 5th, 2023 The global end-stage renal disease market size is anticipated to reach USD 261.64 billion by 2030, registering a CAGR of 13.0% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing number of patients suffering from kidney failure, rapid increase in the volume of hospitals & urgent care centers, and growing hospital admission rates are among the few factors propelling the market growth. Chronic Kidney Disease (CKD) is one of the major causes of increasing kidney failure rates among patients. According to the CDC, it is estimated that more than 37 million people in the U.S. suffer from CKD, whereas globally more than 500 million people (12-18% of the world population) are affected. As a result, increasing the demand for dialysis or kidney transplant. The COVID-19 pandemic has impacted the healthcare industry and people suffering from ESRD are at a higher risk of contracting this virus, as they have to visit the hospitals often for dialysis. Center-based hemodialysis is the main renal replacement medium in most countries, with almost 90% of the ESRD population opting for it. Hemodialysis patients have to stay in hospitals for 4 hours minimum, 3 times a week, and come in frequent contact with the medical staff and other patients. All these factors increase their risk of infection. Technological advancements in the treatment of renal failure are another factor expediting the market growth for ESRD. For instance, the innovation of Wearable Artificial Kidney (WAK) technologies, a portable dialysis device designed to enable patients to live a healthier life as it controls blood pressure, improves clearance of wastes from the blood, and allows ESRD or CKD patients to a less strict diet, and results in lower fluid weight gain in addition to lowered stress on the heart. Thus, technical advancements in WAK have the potential to reduce mortality in dialysis patients, which thereby improves an ESRD patient’s quality of life. The WAK prototypes designed and patented by innovative firms have been approved for human clinical trials by the U.S. FDA in 2016. To Request Sample Copy of this report, click the link: https://www.grandviewresearch.com/industry-analysis/end-stage-renal-disease-market/request/rs1 An increasing number of patients suffering from kidney failure and the introduction of technologically advanced products, such as low-maintenance dialysis equipment and artificial kidney, are the major factors expected to drive the market. In addition, the COVID-19 pandemic has resulted in significant demand for dialysis globally. Owing to this, the market has witnessed regulatory support from various government authorities and a rise in financial incentives. These factors contribute to the positive growth of the end stage renal disease (ESRD) market. The pandemic has resulted in an increased demand for home dialysis across the globe. End Stage Renal Disease Market Report Highlights
People suffering from diabetes and ESRD are prone to COVID-19 complications as compared to healthy individuals. Each country is taking care to ensure the safety of patients amid the crisis. The CDC, for instance, has issued guidelines, Interim Additional Guidance for Infection Prevention and Control Recommendations for patients with suspected or confirmed COVID-19 in the outpatient Hemodialysis Facilities, to ensure the safety of hemodialysis patientsMoreover, the demand for dialysis machines for the treatment of AKI increased by 279%. Thereby, the firms are increasing their capacity to supply RRT equipment in COVID-19-affected areas. Thus, a pool of equipment was developed that could be quickly sent to places where there was greater demand. For instance, in April 2020, FMCNA established the National Intensive Renal Care Reserve, which comprised devices that can deliver CRRT, IHD, and SLED/PIRRT depending on patient’s and institution’s requirements.Any conditions that cause reduced kidney function lead to Chronic Kidney Disease(CKD), which may develop over a period and lead to ESRDwhere the kidney can no longer function on its own. It is also termed as kidney failure. Factors contributing to the formation of ESRD are hypertension, diabetes, smoking, and the geriatric population. The most common cause is diabetes, whereas hypertension (high blood pressure) is the second-most frequent cause of ESRD. The treatment of ESRD/CKD includes kidney transplantation or dialysis to stay alive. List of Key Players of End Stage Renal Disease Market
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