Pune, Nov. 09, 2020 (GLOBE NEWSWIRE) -- The global peritoneal dialysis market size is expected to gain from increasing incidences of chronic diseases such as kidney failure and others. As per the report, in 2017 the global peritoneal dialysis market was worth US$ 3589.9 Mn. The global market is anticipated to progress at a CAGR of 6% and reach US$ 6077.2 Mn by the end of 2025. The report offers a comprehensive overview of the global peritoneal dialysis market.
Key Industry Developments:
- In January 2019, AWAK Technologies received FDA breakthrough designation for the company’s Peritoneal Dialysis Mix device, a wearable dialysis device used for patients suffering from kidney disease.
- In December 2017, Zytoprotec received Orphan Drug Designation from the U.S FDA for the company’s novel Dialysis Fluid indicated to be used in peritoneal dialysis.
- In October 2015, the U.S FDA approved Baxter’s AMIA automated home peritoneal dialysis (APD) system.
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As stated in the report, in 2017 the Asia Pacific peritoneal dialysis market was valued at US$ 1194.1 Mn. The region is also anticipated to hold a significant share in the global market during the forecast period 2018-2025. The Asia Pacific market is driven by the high prevalence of chronic kidney disease in the region. Baxter (a leading player in the healthcare industry) is expanding its operations in China and India. This in response is likely to propel growth the global market. North America also held a significant share in the global market in 2017. However, the region may grow at a relatively slower CAGR during the forecast period. The growth witnessed is attributable to the smaller patient pool in the region compared to Asia Pacific and other regions.
Automated Peritoneal Dialysis Stood Out as Most Preferred Treatment
In terms of type, the continuous ambulatory peritoneal dialysis (CAPD) segment emerged dominant in the global market in 2017. The segment accounted for 53% of the global market in the given year. However, the automated peritoneal dialysis (APD) segment is anticipated to expand at a relatively higher CAGR.
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The growth witnessed is attributable to increasing patients preferring to choose APD, backed by recent technological advancements in the segment. This is expected to fuel the demand for peritoneal dialysis solutions.
According to an article published by the National Centre for Biotechnology Information in 2015. In the U.S. among the patients undergoing peritoneal dialysis 60% choose APD, and in Europe, only 50% patients choose APD. The adoption of automated peritoneal dialysis is increasing and is likely to increase the growth rate in the global market.
The global market will gain significant impetus from the rising awareness about the advantages that peritoneal dialysis offers such as flexible treatment and reduced hospital visits. On the contrary high cost and complications associated with peritoneal dialysis machine and equipment is a major factor that may hamper the growth in the global market.
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Baxter Expanding its Operations in India and China
Baxter, is leading the global peritoneal dialysis market at present and is anticipated to dominate the global market during the forecast period as well. The growth witnessed is attributable to company’s diverse product portfolio and strong brand presence across the global. This is likely to increase the competition and propel growth in the market.
Peritoneal Dialysis Market Players:
- Baxter International Inc.
- Fresenius Kabi AG
- Medtronic
- Utah Medical Products, Inc.
- Glomeria Therapeutics
- Poly Medicure Ltd.
- Cook Medical Inc.
- CardioMed Supplies, Inc.
- Medical Components, Inc.
- Other players
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Global Peritoneal Dialysis Market Segmentation:
By Type
• CAPD
• APD
By Product
• Cyclers
• Fluids
• Other Accessories
By End-user
• Home health care
• Hospitals and Others
By Geography
• North America (USA and Canada)
• Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
• Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
• Latin America (Brazil, Mexico and Rest of Latin America)
• Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
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SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:
- Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
- Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
- Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
- Number of procedures and average price of procedures
- Replacement rate and pricing of capital equipment
- Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
- Market & technological trends, new product developments, product pipeline.
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