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Peritoneal Dialysis Market to Rise at 6.9% CAGR, Increasing Patient Pool with End Stage Renal Disease to boost the Market

April 18, 2019 | Healthcare

The global peritoneal dialysis market size is expected to reach USD 6,077.2 million by 2026. As per a report published by Fortune Business Insights, titled “Peritoneal Dialysis Market Size, Share and Industry Growth By Product Type (CAPD, APD), Product (Cyclers, Fluids), End User (Home health care and Hospitals) and Regional Forecast, 2018 – 2025,” the market was USD 3589.9 million in 2018. The market is further expected to exhibit a CAGR of 6.9% through the forecast years, 2018-2025.


Adhering to the regulatory compliance in several countries, Baxter has established itself as the leading player in the global peritoneal dialysis market. As of 2017, Baxter has managed to create a strong brand image among all its competitors. A chain of subsidiaries across numerous emerging countries is a major factor why Baxter emerged dominant in the global peritoneal dialysis market. Baxter has created a strong product portfolio through a rising emphasis and high budget allocation on research and development on key aspects of peritoneal dialysis.


Fresenius Kabi AG is another company that has established a stronghold in the global peritoneal dialysis market. Collectively, Baxter and Fresenius Kabi AG accounted for more than half of the total market share in terms of revenue.


To get a detailed report summary and research scope of this market, click here:


https://www.fortunebusinessinsights.com/industry-reports/peritoneal-dialysis-market-100089


Unrestricted Mobility Offered During Treatment is Leading to Rising Adoption of Peritoneal Dialysis


Peritoneal dialysis (PD) is one of the fastest growing treatment options for kidney failures. Peritoneal dialysis is a better alternative for patients with residual kidney function and intolerance of rapid fluid balance changes associated with hemodialysis. Flexibility of travel and dietary guidelines for patients undergoing peritoneal dialysis is boosting the market. Increasing adoption of PD home is due to benefits such as better results, lesser medications, and fewer food restriction. PD favors people diagnosed with end stage renal diseases and elder population, who face difficulties in more frequent hospital visits.


Automated PD is likely to emerge as the most widely adopted type of peritoneal dialysis among people with end stage renal diseases. APD accounted for a market share of 47% in 2017. Recent advancements in APD system and new product developments are expected to generate huge demand for the automated peritoneal dialysis during the forecast period.


Fluids Segment Emerged Dominant among Product Types


In terms of product, the fluids segment dominated the global peritoneal dialysis market in 2017. Fluids are used in both the Continuous Ambulatory Peritoneal Dialysis (CAPD) and Ambulatory Peritoneal Dialysis (APD). Overall cost of fluids used in CAPD is higher than those used in APD. The aforementioned factors support the growth of the fluids segment in the global market. Rising adoption of PD in emerging countries such as China, India, and Brazil is likely to create high demand for fluids, thereby accounting for an increase in growth of the segment. Faster adoption of new technologies in developed countries is one of the major factors favoring the growth of cyclers segment.


Asia Pacific Likely to Emerge as the Leading Region


The peritoneal dialysis market in Asia Pacific was USD 1,194.1 Million in 2017 and is anticipated to hold a significant share in the global peritoneal dialysis market during the forecast period. Growth rate witnessed in the region is likely to increase, owing to high number of patients opting for peritoneal dialysis, rising adoption of PD in end-stage renal disease patients, and increasing government health reimbursement policies. Leading players such as Baxter adheres to the business expansion policies in emerging countries such as China, and India. However, the market in North America is expected to grow at a relatively low CAGR during 2018-2025, which is attributable to the smaller patient pool compared to Asia Pacific region. Although North America has greater adoption of PD, an increasing patient pool in Asia Pacific has favored the growth of this market in Asia Pacific.


The global peritoneal dialysis market can be segmented as follows:


























ATTRIBUTE



 DETAILS



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)


Peritoneal Dialysis Market
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