Peritoneal Dialysis Equipment Market: Current Analysis and Forecast (2021-2027)
Emphasis on Product Type (Systems and Consumables(Peritoneal Dialysis Solution, Peritoneal Dialysis Sets, Device Catheter)); Treatment Type (Continuous Ambulatory Peritoneal Dialysis(CAPD), Automated Peritoneal Dialysis(APD); End-Users(Home Based Dialysis, Dialysis Center, Hospital-Based Dialysis); Region/Country
Global Peritoneal Dialysis Equipment Market is anticipated to grow with an elevated CAGR of around 5% over the forecast period (2021-2027). Peritoneal Dialysis Equipment works by using your body’s peritoneal membrane and exchanges dialysate fluid to filter and clean blood. This equipment is generally used for patients suffering from kidney failure or kidney dysfunction. This equipment can be handled by the patients themselves.
The growing adoption of peritoneal dialysis equipment can be attributed to the rising prevalence of various kidney diseases coupled with a rapidly growing geriatric population. According to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice that it was in 1980 at 382 million. The number of elderly is expected to double again by 2050 and reach nearly 2.1 billion worldwide. The occurrence of chronic kidney diseases is almost varied from 23.4% to 35.8% higher in the elderly population as compared to the younger population and the increase in this population is expected to increase the number of chronic kidney diseases around the world. Thereby, boosting the peritoneal dialysis equipment market globally.
Furthermore, the peritoneal dialysis equipment market is anticipated to grow on account of the growing technological advancement, increasing incidence of diabetes, rising government, and public-private investments, and various advantages associated with the peritoneal dialysis equipment such as minimizing the disruption of daily activities, move freely with equipment, etc. However, some of the restraints in the market including failure of the peritoneal membrane and no well-suitable home environment are impeding the growth of this market all over the world.
Baxter Healthcare, Fresenius, Renax Biomedical Tech. Co., Ltd, Bluesail, B. Braun, Terumo, Medtronic, Polymedicure, Newsol Technologies Inc., CR Double-Crane, are some of the prominent players operating in the peritoneal dialysis equipment market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with peritoneal dialysis equipment.
Insights Presented in the Report
“Amongst Product Type, Consumables segment holds the major share”
Based on product type, the peritoneal dialysis equipment market is bifurcated into systems and consumables. The consumables segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe. Consumables are used in the equipment for further dialysis process. The growth of this segment is due to an increased incidence of kidney diseases leading to the frequent use of dialysis equipment which in turn is a growing demand for various types of consumables such as peritoneal dialysis solutions, peritoneal dialysis sets, devices, and catheters.
“Amongst Treatment, continuous ambulatory peritoneal dialysis(capd) segment holds the major share”
Based on treatment type, the peritoneal dialysis equipment market is bifurcated into continuous ambulatory peritoneal dialysis (CAPD) and automated peritoneal dialysis (APD). The CAPD segment occupied the major share of the peritoneal dialysis equipment market in 2020 and it is expected to grow with a substantial CAGR in the upcoming years because of the growing preference for CAPD among patients having multiple diseases (hypertension and kidney disease) at the same time and lower tolerance for hemodialysis. Furthermore, lesser risk than hemodialysis and low disruption of your daily activities are other factors contributing to the growth of this segment. However, automated peritoneal dialysis (APD) is also expected to grow considerably during the projected timeframe.
“Amongst End-Users, home-based dialysis segment holds the major share”
Based on end-users, the market is fragmented into home-based dialysis, dialysis center, and hospital-based dialysis. In 2020, the home-based dialysis segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the increasing demand to set up dialysis equipment at home. As they make the patient feel positive And comfortable around the family. Moreover, patients can travel as well as work when the equipment is working. It gives freedom to the patient to eat, walk, and move in between the dialysis which in turn drives the market of home-based dialysis for the peritoneal dialysis equipment market. However, dialysis centers are also likely to witness the fastest growth during the forecast period.
“Asia Pacific represents one of the largest markets of peritoneal dialysis equipment market”
For a better understanding of the market dynamics of the peritoneal dialysis equipment market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Asia pacific constitutes a major market for the peritoneal dialysis equipment market industry and generated revenue of USD XX Million in 2020 owing to the rise in kidney dysfunction and growing adoption of peritoneal dialysis equipment in the region.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
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Table of Contents
Research Methodology for the Global Peritoneal Dialysis Equipment Market Analysis (2021-2027)
Analyzing the historical market, estimation of the current market, and forecasting the future market of the global peritoneal dialysis equipment market were the three major steps undertaken to create and analyze the adoption of peritoneal dialysis equipment in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global peritoneal dialysis equipment market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
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Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the peritoneal dialysis equipment through company internal sources such as annual report & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the peritoneal dialysis equipment market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments included in the report as product type, treatment type, and end-users. Further country-level analyses were conducted to evaluate the overall adoption of peritoneal dialysis equipment across the globe.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the peritoneal dialysis equipment. Further, we conducted factor analysis using dependent and independent variables such as growing advancements in technology and the increasing prevalence of chronic kidney diseases. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the peritoneal dialysis equipment sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the peritoneal dialysis equipment market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., top-down/bottom-up approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of peritoneal dialysis equipment across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the peritoneal dialysis equipment market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
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Split of Primary Participants in Different Regions
Market Engineering
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the peritoneal dialysis equipment market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of product type, treatment type, and end-users of the peritoneal dialysis equipment market.
The main objective of the Peritoneal Dialysis Equipment Market Study
The current & future market trends of peritoneal dialysis equipment were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of peritoneal dialysis equipment in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of product type, treatment type, and end-users
- Define and analysis of the regulatory framework for the peritoneal dialysis equipment industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the peritoneal dialysis equipment market for the major region
- Major regions studied in the report include North America, Europe, Asia-Pacific and Rest of the world
- Company profiles of the peritoneal dialysis equipment market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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