Global Peritoneal Dialysis Market Outlook to 2024: Ken Research
Peritoneal dialysis market: – Dialysis refers to a process of cleaning the blood in case of improper functioning of kidneys or kidney failure. Peritoneal dialysis (PD) is a way of dialysis which uses the body’s own peritoneal as the dialysis membrane through which fluid & dissolved substances are exchanged with the blood. It is used to correct electrolyte problems, remove excess fluid, and remove toxins in those with kidney failure. The key benefits are included better tolerability and greater flexibility. Apart from benefits, few of the complications are included infections within the abdomen, bleeding in the abdomen, high blood sugar, and blockage of the catheter etc.
According to study, “World Peritoneal Dialysis Market Research Report 2024(Covering USA, Europe, China, Japan, SEA and India)” the key companies operating in the world peritoneal dialysis market are Baxter Healthcare Inc., Medionics International Inc., Medionics Plc., Cook Medical Inc., Poly Medicure Ltd., FreseniusMedical Care AG & Co. KGaA, Bluesail, NewsolTechnologies Inc., RenaxBiomedical Tech. Co., Ltd., Utah Medical Products, Inc., Terumo Corporation.
Based on the product, peritoneal dialysis market is segmented into peritoneal dialysis devices, peritoneal dialysis solutions, peritoneal dialysis catheters, peritoneal dialysis sets, and others. The peritoneal dialysis device segment is anticipated to witness higher growth owing to an increase in demand for automated peritoneal dialysis (APD) over the forecast period. Based on treatment type, the market is segmented into Automated Peritoneal Dialysis (APD) and Continuous Ambulatory Peritoneal Dialysis (CAPD).CAPD segment holds major share due to portability, low cost, and freedom from machines. Additionally, the APD segment is probable to show the fastest market growth during the forecast period due to its advantages for instance flexibility with daytime routine, convenience andsafety. In addition, based on end-use, the market is segmented into dialysis centers & hospital-based dialysis and home-based dialysis.
The peritoneal dialysis market is driven by increase in the number of End Stage Renal Disease (ESRD) patients, followed by a rise in benefits of peritoneal dialysis over hemodialysis, shortage of kidneys for transplantation, increase in technology advancements, high expenditure on healthcare, rise in awareness regarding the significance, growth in demand for minimally invasive surgeries, increase in geriatric population with several disorders for instance inflammation swelling, and infection of the kidney and rise in incidence of diabetes & hypertension. However, poor demand in underdeveloped countriesand complications associated with peritoneal dialysis may impact the market. Moreover, rise in demand for home peritoneal dialysis treatment and growth in government initiatives to improve healthcare infrastructure key opportunities for market.
Based on geography, the USA country holds major share, followed by Europe in peritoneal dialysis market owing to an increase in demand for advanced peritoneal dialysis technology and rise in government initiatives by an organization such as the Fresenius Medical Care (FMC), the International Society of Peritoneal Dialysis (ISPD), and the American Society of Nephrology (ASN) in the country. India and China countries are expected to witness higher growth rate due to a rise in development in healthcare infrastructure, high population base and growth in demand for home dialysis treatment over the forecast period. It is estimated that the future of the market will be bright on an account of the increase in demand for advanced PD devices and high accessibility to the products & services over the forecast period.
Global Peritoneal Dialysis Market: Product Segment Analysis
Peritoneal Dialysis Machine
Peritoneal Dialysis Solution
Global Peritoneal Dialysis Market: Application Segment Analysis
Global Peritoneal Dialysis Market: Regional Segment Analysis
The players mentioned in our report
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