Hemodialysis Market Expected to Reach $111.8 Billion by 2032

Hemodialysis market size was valued at $76.9 billion in 2022, and is estimated to reach $111.8 billion by 2032, growing at a CAGR of 3.8% from 2023 to 2032. The function of the kidneys is to remove waste products and excess fluid from the blood. The process is carried out with the help of hemodialysis when the kidneys do not function normally. In hemodialysis, waste products, such as urea and creatinine are removed from the blood with the help of artificial and natural semipermeable membranes. Dialysis machines, dialyzers, catheters, needles, and acidified and bicarbonate concentrates are used in hemodialysis.

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Rise in the prevalence of kidney failure boosts the demand for hemodialysis and drives the growth of the hemodialysis market share. For instance, according to the American Kidney Fund, an organization who support people in their fight against kidney disease, in 2022, 37 million Americans had kidney disease and about 807,000 Americans are living with kidney failure. Thus, increase in the number of kidney failure cases propels the growth of the hemodialysis market size.

Furthermore, rise in cases of diabetes and hypertension increases the risk of kidney disease and failure. For instance, according to Centers for Disease Control and Prevention (CDC) 2022, over time, high blood sugar from diabetes can damage blood vessels in the kidneys as well as nephrons so they do not work as well as they should. Also, diabetes also develops high blood pressure, which can damage the kidneys too. Thus, rise in cases of diabetes and hypertension are hemodialysis market trends that drives the growth of the hemodialysis market.

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