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Dialysis Discussion => Dialysis: News Articles => Topic started by: okarol on March 31, 2009, 11:05:19 PM
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Stable Growth in Global Dialysis Industry Despite Recession
* Tuesday March 31, 2009, 2:43 pm EDT
NEW YORK, NY--(MARKET WIRE)--Mar 31, 2009 -- The global dialysis industry has grown noticeably in the past five years as governments worldwide seek to provide adequate healthcare for the steadily increasing world demographic suffering from renal failure. Estimates by medical market research publisher Kalorama Information in the report, "World Market for Dialysis Equipment and Services," indicate that the dialysis market has experienced 5% to 6% growth per year in the past five years.
"The number of dialysis patients is growing steadily by about 4% to 6% per year in Europe, the United States, and Japan, and by 6% to 10% in the rest of the world," says Kalorama Publisher Bruce Carlson. "Thus the expansion of the dialysis industry has resulted in improvements in the overall mortality rates of dialysis patients with a marked reduction in adjusted 1-year death rates for patients worldwide. Overall, there were about 26,000 dialysis centers across the globe in 2008."
The dialysis market is divided into two lucrative segments -- the medical device industry and the healthcare services industry. The latter accounted for the lion's share of the approximately $60 billion generated by the global dialysis market in 2008. Kalorama estimates that the dialysis services market stood at $51 billion last year, or almost 85 percent of the total dialysis market.
Though relatively small in size, the less than 2 million dialysis patients that comprise the market's entire universe are stable and lend the industry a non-cyclical nature that leaves it only minimally affected by the vagaries of economic hardship that often cripple other industries. Continuous high and stable growth is expected to propel the services segment of the market to more than $66 billion in 2013, with a compound annual growth rate (CAGR) of 5.6% from 2009-2013.
In most major markets, some form of government health insurance program provides financing for the vast proportion of dialysis treatment. However, a trend towards more countries permitting private dialysis clinics favors industry growth. Companies that have integrated vertically into setting up dialysis centers have made a substantial leap in terms of revenues and profits.
"World Market for Dialysis Equipment and Services" features detailed forecasts up to 2013, approximately 70 tables and figures, a comprehensive world dialysis market review, analysis of patient demographics, and an examination of dialysis-related products in development. In-depth profiles of players in dialysis treatment, equipment and supplies are also included. For further information visit: http://www.kaloramainformation.com/redirect.asp?progid=68181&productid=2041112.
About Kalorama Information
Kalorama Information supplies the latest in independent market research in the life sciences, as well as a full range of custom research services. We routinely assist the media with healthcare topics.
Contact:
Please direct all media inquiries to:
Andrea Hiller
press@kaloramainformation.com
http://www.kaloramaInformation.com
http://finance.yahoo.com/news/Stable-Growth-in-Global-iw-14801217.html