USD 76.9 billion
Report ID:
SQMIG35D2183 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
87
|Figures:
77
Global Peritoneal Dialysis Market size was valued at USD 76.9 billion in 2019 and is poised to grow from USD 81.8 billion in 2023 to USD 126.43 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).
When your kidneys are no longer able to effectively complete the job, peritoneal dialysis is a treatment option. Compared to hemodialysis, which is a more popular blood-filtering method, this process filters the blood in a different way. A cleaning solution is injected into a portion of your abdomen via a catheter during peritoneal dialysis. Your peritoneum, which lines your belly, functions as a filter to take waste materials out of your blood. The fluid containing the filtered waste items flows out of your abdomen and is expelled after a certain amount of time. One of the treatments for kidney failure with the quickest rate of growth is peritoneal dialysis (PD), which is preferable for patients who still have some renal function and can tolerate the rapid changes in fluid balance brought on by hemodialysis. PD provides flexible treatment options and minimizes trips to the dialyzer. The advantages of choosing PD home dialysis include improved outcomes, fewer drugs, and fewer dietary restrictions. Patients may simply check themselves at all times when doing peritoneal dialysis at home without help. These benefits have increased the popularity of PD among renal patients today and will continue to support the peritoneal dialysis market throughout the projected period.
The majority of older patients with end-stage renal illness receiving PD therapy have varying degrees of accessibility, expertise, and technical education. Many older cycler patients' aversion to using them and their technophobia is seen as commercial limitations. Patients with end-stage kidney disease (ESKD) lasting fewer than two years had a rise in home dialysis use from 14.8 percent in 2023 to 20.0 percent in 2019, with PD accounting for more than 90% of total use. The use of home dialysis increased from 11.7 percent in 2023 to 13.7 percent in 2019 among patients with ESKD lasting 2 to 4 years. The increase in dialysis is expected to boost the growth of the global peritoneal dialysis market during the forecast period.
The global peritoneal dialysis market had been severely disrupted by the COVID-19 pandemic. Due to pandemic's high hospitalization rates, the need for dialysis equipment and supplies has suddenly increased. The greater frequency of coexisting diseases including CKD, diabetes, and hypertension was primarily to blame for this. The epidemic also caused significant supply-chain disruptions, which made it difficult for producers to keep up with demand. The ageing population's increasing medical demands, the increased demand for novel goods and treatments, and developments in medical technology are all predicted to contribute to the market's continued expansion after COVID-19. Additionally, increasing governmental and commercial sector initiatives to promote home HD/PD may open up more lucrative market prospects after COVID-19.
US Peritoneal Dialysis Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 76.9 billion
Largest Segment
APD
Fastest Growth
APD
Growth Rate
6.4% CAGR
To get more reports on the above market click here to Buy The Report
Global peritoneal dialysis market is segmented based on the product type, product, end user, and region. Based on the product type the global peritoneal dialysis market is segmented into CAPD, and APD. Based on product global peritoneal dialysis market is segmented into cyclers, and fluids. Based on end-users global peritoneal dialysis market is segmented into home health care and hospitals. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Peritoneal Dialysis Market Analysis by Product Type
In 2021, CAPD held the largest share in the global peritoneal dialysis market. Due to its low cost, mobility, and independence from machines, CAPD currently accounts for the majority of income generation. On the other hand, because of its benefits such as flexibility with daily schedule, safety, and convenience. APD is anticipated to see the quickest market growth throughout the projection period. According to a study, if a patient receives HD three times per week for a monthly cost of 27,000, a month of CAPD would cost a patient $23,000. This means that, in addition to the savings for the patient in terms of indirect expenses, we are saving 4,000 per patient each month. The greatest alternative for people on the HD waiting list would be CAPD if the government intervened and covered the costs.
The proportion of patients using APD is increasing higher as the cycler gains popularity. Recent developments in the APD system and the creation of new products using cutting-edge technologies are anticipated to provide automated peritoneal dialysis a tremendous boost.
Peritoneal Dialysis Market Analysis by Product
The peritoneal dialysis solution segment currently controls the market and is expected to continue to do so during the projected period. Every PD process depends on the peritoneal dialysis solution because when the kidneys are not working properly, solutions are needed for fluid exchange. For example, the fluid, which has now had wastes removed from your blood after an exchange (putting in and taking out the fluid) is complete, is drained from your abdomen and thrown away. In a 24-hour period, this procedure is often carried out three, four, or five times while you are awake and engaged in daily activities. Each conversation lasts between 30 and 40 minutes. Some patients prefer to conduct their exchanges before bed and during meals. However, due to technological advancements in devices and rising demand for automated peritoneal dialysis, the device sector is anticipated to expand at the quickest rate over the projection period (APD).
Peritoneal Dialysis Market Analysis by End-User
With a market share of more than 80.0 percent in 2021, the hospital-based category was the global peritoneal dialysis market leader. The substantial supply of highly skilled and seasoned healthcare staff at hospitals will likely allow the industry to continue its dominance over the coming years. In healthcare environments like hospitals and dialysis clinics, the presence of a qualified and experienced renal care team guarantees effective treatment and improved dialysis outcomes. The category is expected to be driven by a number of reasons, including the increasing emphasis on developing independent dialysis facilities by companies and the rising uptake of in-center dialysis by patients.
Additionally, businesses are concentrating on creating hemodialysis machines that can perform a range of interventions. For example, in order to survive, 785,883 Americans in 2018 needed dialysis or a kidney transplant (2 in every 1,000 people). 229,887 of these patients had kidney transplants, and 554,038 of them had dialysis to restore renal function. Furthermore, Fresenius Medical Care served more than 345,000 patients globally through its network of more than 4,000 dialysis facilities. They provide dialysis goods and services in almost 150 different nations. In 2021, they carried out over 53 million dialysis procedures. Developments like these are expected to boost the growth of the global peritoneal dialysis market during the forecast period.
To get detailed analysis on other segments, Request For Free Sample Report
With a market share of more than 35.0 percent and the highest revenue in 2021, North America dominated the global peritoneal dialysis market. The region's market is expanding as a result of the existence of important players, large government expenditures in the creation of cutting-edge medical devices, and a favorable reimbursement environment. Dialysis is becoming more popular as a result of the increase in kidney failures and chronic kidney diseases (CKD). High disposable income, government efforts, and rising healthcare spending are a few major reasons boosting the industry.
For example, 37 million US adults, or 15 percent of the population, or more than one in seven are thought to have CKD. Up to 90% of persons with CKD are unaware of their condition. Nearly 25% of persons with severe CKD are unaware of their condition. CKD is more prevalent in those over the age of 65 (38%) compared to those between the ages of 45 and 64 (12%) and 18 to 44 (44%) (6 percent). Women are significantly more often than males (14%) to have CKD (12 percent). Approximately 14% of adult Hispanics have CKD.
Over the projected period, the Asia Pacific region is anticipated to have the greatest CAGR, at 7.6%. Rising renal failure cases, an aging population, and increased product development are anticipated to fuel market expansion over the course of the projected period. For example, the frequency of both general and advanced CKD varied significantly. In Asia, there are up to 434.3 million individuals with CKD, up to 65.6 million of whom have advanced CKD. The countries with the highest numbers of people with CKD were China (up to 159.8 million) and India (up to 140.2 million), which together accounted for 69.1 percent of all adults with CKD in the area. In addition, the IDF estimates that 88 million individuals in South East Asia already have diabetes, with 153 million likely to have the disease by 2045. In addition, increased government efforts, CKD awareness programs, technologically advanced goods, the availability of newly built, state-of-the-art healthcare facilities in the area, and rising healthcare spending are a few additional factors influencing the global peritoneal dialysis market growth.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Peritoneal Dialysis Market Driver
Peritoneal Dialysis Market Restraint
Request Free Customization of this report to help us to meet your business objectives.
The global peritoneal dialysis market is relatively fragmented, with a high level of competition. The prominent players operating in the market are constantly adopting various growth strategies to stay afloat in the market. Product launches, innovations, mergers, and acquisitions, collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive market. For example, to enhance the patient treatment experience and for better overall results, Medtronic, a pioneer in healthcare technology, has partnered with DaVita's extensive experience as a provider of comprehensive kidney care. Together, they plan to establish a new independent medical device company called "NewCo," with a focus on kidneys. For patients with renal failure, NewCo will be positioned as an advanced firm of discovery and distinctive therapeutics. The key market players are also constantly focused on R&D to supply industries with the most efficient and cost-effective solutions.
Top Players in the Global Peritoneal Dialysis Market
Peritoneal Dialysis Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global peritoneal dialysis market analysis, in terms of product type, the CAPD held the largest share in the market due to its low cost, mobility, and independence from machines, CAPD currently accounts for the majority of income generation. On the other hand, because of its benefits such as flexibility with daily schedule, safety, and convenience. Based on product, the solutions segment held the largest share in the market as every PD process depends on the peritoneal dialysis solution because when the kidneys are not working properly, solutions are needed for fluid exchange. Based on end-user, the hospital segment held the largest share in the market. The substantial supply of highly skilled and seasoned healthcare staff at hospitals will likely allow the industry to continue its dominance over the coming years. And based on region, the North American region held the largest share in the market. The region's market is expanding as a result of the existence of important players, large government expenditures in the creation of cutting-edge medical devices, and a favorable reimbursement environment.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 76.9 billion |
Market size value in 2031 | USD 126.43 billion |
Growth Rate | 6.4% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
Historical Year | 2019 |
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Peritoneal Dialysis Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Peritoneal Dialysis Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Peritoneal Dialysis Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Peritoneal Dialysis Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Peritoneal Dialysis Market size was valued at USD 76.9 billion in 2019 and is poised to grow from USD 81.8 billion in 2023 to USD 126.43 billion by 2031, growing at a CAGR of 6.4% in the forecast period (2024-2031).
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG35D2183
sales@skyquestt.com
USA +1 351-333-4748