Global Peritoneal Dialysis Market Size to Grow at a CAGR of 6.40% in the Forecast Period of 2023-2028
The ‘Global Peritoneal Dialysis Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the global peritoneal dialysis market, assessing the market on the basis of its segments like treatment type, product, end use, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analysis the market demand, together with its price and demand indicators. The report also tracks the market on the bases of SWOT and Porter’s Five Forces Models.
Peritoneal Dialysis Market Size, Share, Trends, Industry Report, Key Player, Major Segments, and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6.40%
The market for peritoneal dialysis is being driven by the increasing transition from traditional haemodialysis towards peritoneal dialysis, owing to the various benefits offered by this procedure. Peritoneal dialysis makes frequent visits to the doctor redundant, thereby saving time and money, restrictions on diet are low, and most importantly, peritoneal dialysis can be performed at home. This also brings independence to the patients which is a key driving factor of the peritoneal dialysis market.
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The increasing prevalence of chronic conditions such as diabetes mellitus, high blood pressure, and kidney failure, among others, is leading to a heightened demand for peritoneal dialysis treatment facilities. In addition, the increasing geriatric population, coupled with the favourable reimbursement policies of various governments, is further boosting the hospitalisation rates, thereby leading to a greater demand for enhanced peritoneal dialysis treatment infrastructure.
Over the forecast period, the anticipated increase in awareness pertaining to the escalating cases of chronic kidney disease (CKD) and growing prevalence of cardiovascular disorders among the young population, is further leading to an improvement in the treatment infrastructure across the healthcare units. Further, peritoneal dialysis provides a long-lasting kidney treatment for the body which is a major advantage leading to a heightened growth of the peritoneal dialysis market.
Peritoneal Dialysis Industry Definition and Major Segments
Peritoneal dialysis is a specialised medical procedure which removes waste products from the blood of a human body when the kidney fails to function. In this process, a filtering fluid is injected through a catheter in the abdomen which removes the waste products from the blood and is then discarded.
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Based on treatment type, the market is bifurcated into:
• Continuous Ambulatory Peritoneal Dialysis (CAPD)
• Automated Peritoneal Dialysis (APD)
On the basis of product, the market is divided into:
• Peritoneal Dialysis Solution
• Peritoneal Dialysis Devices
• Peritoneal Dialysis Sets
• Peritoneal Dialysis Catheters
• Others
By end use, the market is segmented into:
• Home-based Dialysis
• Dialysis Centre and Hospital-based Dialysis
• Others
On the basis of region, the market can be categorised into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Peritoneal Dialysis Market Trends
The key trends in the global peritoneal dialysis market include the growing innovations and increasing fundings in research and development activities aimed towards producing modern high-end electronic peritoneal dialysis devices. Wearable dialysis device is one such example of such developments which brings greater convenience to the patients. The growing approvals by regulatory bodies such as the FDA are further encouraging the growth and subsequent revenue in the market.
Technological advancements in peritoneal dialysis are crucial trends in the peritoneal dialysis market, which are leading to a heightened automation in the treatment process for better outcomes. Working populations are increasingly preferring in-home treatment options due to their fast-paced and hectic lifestyles. In this regard, the in-home nature of peritoneal dialysis is expected to improve the market dynamics in the forecast period.
In geographical terms, North America accounts for a significant share in the peritoneal dialysis market. The strong foothold of major medtech companies, leading to an enhanced competitive landscape which is favouring advanced innovations, is driving the market in this region. The growing cases of diabetes and obesity among the population across developed economies such as the United States, are further generating the demand for peritoneal dialysis treatment facilities across hospitals and ambulatory surgical centres.
Key Market Players
The major players in the global peritoneal dialysis market report are
• Baxter International, Inc.
• B. Braun Melsungen AG
• Fresenius Medical Care AG & Co. KGaA
• Medtronic plc
• Medionics International Inc.
• Newsol Technologies Inc.
• Others
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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