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DUBLIN, Sept. 27, 2022 /PRNewswire/ — The “Global End Stage Renal Disease Market Size, Share & Trends Analysis Report by Treatment (Transplant, Dialysis), by Region (APAC, North AmericaMEA, Europe, Latin America), and Segment Forecasts, 2022-2030″ report has been added to ResearchAndMarkets.com’s offering.
The global end stage renal disease market size is anticipated to reach USD 261.64 billion by 2030, registering a CAGR of 12.9% over the forecast period.
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 US 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 increase their risk of infection. Technological advancements in the treatment factors 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 …
Full story available on Benzinga.com
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