Global Peritoneal Dialysis Equipment Market is Expected to Foresee Significant Growth During the Forecast Period. Asia Pacific to Witness the Highest Growth
- Himanshu Patni
- June 4, 2022
- HEALTHCARE, NEWS
- Peritoneal Dialysis Equipment Market, Peritoneal Dialysis Equipment Market growth, Peritoneal Dialysis Equipment Market Share, Peritoneal Dialysis Equipment Market Size, Peritoneal Dialysis Equipment Market Trends
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Global peritoneal dialysis equipment market is expected to grow significantly by 2027 expanding at a reasonable CAGR of around 6% during 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.
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The global peritoneal dialysis equipment market is anticipated to witness an uptick with the development of social society leading to changes in diet and other lifestyles. This along with the rapidly growing aging population across the globe is causing an increase in the number of patients having chronic kidney diseases, hypertension, and diabetes. For instance, as per WHO, Chronic Kidney Disease (CKD) is the 6th fastest-growing cause of death. Approx., 195 million women are affected by Kidney diseases worldwide. Around 1.7 million people are estimated to die annually because of acute kidney injury (AKI) globally. Also, an estimated 1.28 billion adults aged 30-79 years worldwide have hypertension, most (two-thirds) living in low- and middle-income countries. This rise in the number of people with high blood pressure is leading to an increase in kidney diseases as high blood pressure can constrict and narrow blood vessels, eventually damaging and weakening them throughout the body, including the kidneys. Owing to these glaring statistics the demand for peritoneal dialysis equipment is anticipated to grow in the forthcoming years.
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.
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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.
Additionally, the report provides detailed report also provides insights into the global peritoneal dialysis equipment market according to the regions such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Asia Pacific dominated the market and generated revenue of USD XX billion in 2020 owing to the increasing incidence of kidney diseases and increasing diabetes in the geriatric population.
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Baxter Healthcare, Fresenius, Renax Biomedical Tech. Co., Ltd, Bluesail, B. Braun, Terumo, Medtronic, Polymedicure, Newsol Technologies Inc., CR Double-Crane, are some of the key players operating in the global peritoneal dialysis equipment market. Several M&As along with partnerships have been undertaken by these players to develop new products.
Global Peritoneal Dialysis Equipment Market Segmentation
Market Insight, by Product Type
- Peritoneal Dialysis Solution
- Peritoneal Dialysis Set
Market Insight, by Treatment Type
- Continuous Ambulatory Peritoneal Dialysis (CAPD)
- Automated Peritoneal Dialysis (APD)
Market Insight, by End-Users
- Dialysis Center
- Home Based Dialysis
- Hospital Based Dialysis
Market Insight, by Region
- North America
- United States
- Rest of North America
- United Kingdom
- Rest of Europe
- Rest of Asia-Pacific
- Rest of World
Top Company Profiles
- Baxter Healthcare
- Renax Biomedical Tech. Co., Ltd
- B. Braun
- Newsol Technologies Inc.
- CR Double-Crane