Peritoneal Catheter Systems Market Size, Top Key Players, Latest Trends, Regional Insights and Global Industry Dynamics By 2031
According to the latest research by FMI, Peritoneal Catheter Systems Market is set to witness a 7.1% growth during the year 2021-2031. Peritoneal catheter systems are small plastic tubes which are implanted under the skin to draw out excess fluid from the peritoneal cavity or abdominal cavity. The peritoneal catheter systems are also used for delivering anti-cancer drugs into the abdominal cavity.
The catheter is implanted through minimally invasive procedure.
The demand for peritoneal catheter systems is expected to grow at a steady pace through the forecast period because of their application in Dialysis in patients with chronic renal failure, intraperitoneal therapy for the delivery of anti-cancer drugs and serial paracentesis.
What is Driving Demand for Peritoneal Catheter Systems
The growth for peritoneal catheter systems is driven by various factors including the increasing number of End-Stage Renal Disease patients and rising geriatric population globally.
The growing prevalence of diabetes and hypertension, leading to kidney failure and the advancements in dialysis techniques also act as major factors driving demand for peritoneal catheter systems.
Apart from these factors, there is also a growth in the number of dialysis centers over the world and the growth is largely associated with the lack of organ donors for transplant procedures.
Furthermore, key players across the globe focus on advancements in peritoneal catheter systems and assist with inventive growth opportunities.
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Which Factors are likely to Augment Growth of Peritoneal Catheter Systems
The growth of peritoneal catheter systems is likely to be augmented by technological factors such as novel use of peritoneal catheter systems for drainage of malignant and non-malignant ascites.
For instance, key player such as Becton, Dickinson and Company has introduced the product “PeritX Peritoneal Catheter System” for the drainage of ascites fluids.
Furthermore, various disorders associated with old age in geriatric population, such as inflammation, swelling and infections of kidney are further expected to propel the growth of peritoneal catheter systems.
Government initiatives for developed healthcare infrastructure in developing economies will lead to a reinforced growth in demand for peritoneal catheter systems.
U.S. and Canada Peritoneal Catheter Systems Outlook
The region of North America accounts for the dominant market stance in the current scenario for peritoneal catheter systems.
This position is owed to the growing prevalence of chronic diseases such as diabetes and hypertension which are the major causes leading to kidney failure.
According to the U.S. Kidney Disease Statistics by the National Institute of Diabetes and Digestive and Kidney diseases, about 661,000 people in the country suffer from kidney failure out of which, about 468,000 individuals are on dialysis.
The rising number of population with kidney failure and dialysis adoption have marked a growth in the demand for peritoneal catheter systems.
Various government initiatives such as the Canadian Health Act allow reimbursements and thus allow implementation of peritoneal catheter systems.
Europe Demand Outlook for Peritoneal Catheter Systems
The European region is set to witness a steadily moderate demand for peritoneal catheter systems as compared to the Asia-Pacific region due to high prevalence of patients suffering from end stage renal disease in Asia-Pacific region.
However, the European peritoneal catheter systems growth outlook is set to surge over factors such as rising prevalence of chronic diseases and increasing preference of patients for opting dialysis treatment over kidney transplant.
Who are the Key Manufacturers and Suppliers of Peritoneal Catheter Systems
The key companies operating in manufacturing and supply of Peritoneal Catheter Systems include
- Newsol Technologies Inc.
- Dickinson and Company
- Fresenius Medical Care (Azura Vascular Care)
- Merit Medical Systems
- Cook Medical
- CardioMed and C.R. Bard, Inc.
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