Peritoneal Dialysis Market Size 2021 Expected to Reach $5,074 Million at a 5.8% CAGR Globally by 2025
Pune, Maharashtra, India, February 19 2021 (Wiredrelease) Allied Analytics –:Increase in awareness of advanced peritoneal devices played a major role in the growth of the peritoneal dialysis market. Furthermore, rise in prevalence of ESRD and increase in demand for home dialysis treatment are expected to boost the demand for peritoneal dialysis in the coming years.
Peritoneal Dialysis Market by Treatment, Product, and End User: Global Opportunity Analysis and Industry Forecast, 2018 to 2025,” the global market was valued at $3,213 million in 2017, and is expected to reach $5,074 million by 2025, growing at a CAGR of 5.8% from 2018 to 2025
The study is a perfect mix of qualitative and quantitative information highlighting key market developments, challenges that industry and competition is facing along with gap analysis and new opportunity available and may trend in Peritoneal Dialysis market. The report bridges the historical data from 2014 to 2019 and forecasted till 2027, product outline, the organization’s required raw materials, and others growth factors.
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Rise in the number of ESRD patients, increase in the prevalence of diabetes & hypertension, benefits of peritoneal dialysis over hemodialysis, and shortage of kidneys for transplantation propel the growth of the global peritoneal dialysis market. The Asia-Pacific region would hit the fastest CAGR of 6.9% during 2017–2025.
Peritoneal Dialysis Market Competitive Analysis:
Leading market players Baxter International Inc., Cook Inc., Fresenius Medical Care AG & Co. KGaA, Medionics International, Inc., Medtronic Plc., Newsol Technologies Inc., Poly Medicure Limited, Renax Biomedical Tech. Co., Ltd., Terumo Corp., and Utah Medical Products, Provided in this report. These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.
Peritoneal dialysis (PD) is a treatment that uses the inner lining of abdomen, called the peritoneum and a dialysis solution to purify blood when the kidneys are not functioning adequately. PD is performed manually or via automated systems. Increase in prevalence of ESRD, growth in demand for home dialysis treatment and technological advancement in cyclers & PD devices are driving the market growth.
Covid-19 Impact on the Peritoneal Dialysis Market:
Peritoneal Dialysis Market Report provides an overview of the market based on key parameters such as market size, sales, sales analysis and key drivers. The market size of the market is expected to grow on a large scale during the forecast period (2019-2026). This report covers the impact of the latest COVID-19 on the market. The coronavirus epidemic (COVID-19) has affected all aspects of life around the world. This has changed some of the market situation. The main purpose of the research report is to provide users with a broad view of the market. Initial and future assessments of rapidly.
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Peritoneal Dialysis Market Segmentation:
Peritoneal dialysis is performed by using machines or via manual method. Based on treatment type, market is segmented as continuous ambulatory peritoneal dialysis (CAPD) and automated peritoneal dialysis (APD). At present, CAPD is a major revenue generating segment due to lower cost, portability, and freedom from machines. On the other side, APD is projected to show fastest market growth during the forecast period owing to its advantages such as flexibility with daytime routine, safety, and convenience.
Based on product, the market is categorized as peritoneal dialysis solution, device, peritoneal dialysis set, catheter, others. Presently, peritoneal dialysis solution segment is a major revenue contributor and is anticipated to maintain its dominance during the forecast period. Peritoneal dialysis solution plays a vital role in every PD procedure as these solutions facilitate exchange of fluid to remove waste products from body. However, devices segment is anticipated to show fastest market growth, due to the technological advancement in devices and increase in demand for automated peritoneal dialysis (APD).
Based on end user, home based dialysis occupied the largest share in 2017, and is anticipated to continue its dominance during the forecast period, due to availability of dialysis machines with greater convenience and better clinical outcomes for homecare use. Furthermore, increase in demand for home healthcare among dialysis patients further drives the growth of home based dialysis segment.
Peritoneal Dialysis Market Regional Analysis:
The market is analyzed based on regions and competitive landscape in each region is mentioned. Regions discussed in the study include North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa). These insights help to devise strategies and create new opportunities to achieve exceptional results.
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