Peritoneal Dialysis Equipment Market to Grow at 6% CAGR Fueled by Rising Chronic Kidney Disease Cases
With rising prevalence of chronic kidney disease across the globe, the demand for renal replacement therapies has surged significantly. Peritoneal dialysis equipment is one such therapy that has gained prominence in the recent years. Peritoneal dialysis equipment helps patients suffering from kidney failure to obtain dialysis treatment at home without needing to visit a dialysis center regularly. The procedure involves infusing sterile dialysate solution into the patient's abdominal cavity via a catheter. Wastes and extra fluids are then drained along with the used dialysate. This home-based therapy offers comfort and improved quality of life to patients as compared to conventional hemodialysis.
The peritoneal dialysis equipment market is estimated to be valued at USD 4.62 Bn in 2024 and is expected to reach USD 6.93 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6% from 2024 to 2031.
Key Takeaways
Key players operating in the peritoneal dialysis equipment market are Baxter International, Fresenius Medical Care AG & Co. KGaA, Medtronic plc, Cook Medical Incorporated and Others.
Key players like Baxter and Fresenius together hold over 50% share of the global Peritoneal Dialysis Equipment Market and are focusing on new product launches to consolidate their leadership positions.
Growing prevalence of end-stage renal disease around the world has bolstered the demand for renal replacement therapies like peritoneal dialysis.
Technological advancements are aiding the development of innovative peritoneal dialysis products and systems that improve treatment efficacy and patient comfort.
Market Trends
Home hemodialysis is gaining traction as it provides flexibility and improves patient outcome and quality of life. Key players are introducing portable hemodialysis machines tailored for home use.
Integrating telehealth and remote patient monitoring capabilities helps extend clinical supervision and management of PD patients at home. This trend is expected to further drive the adoption of peritoneal dialysis.
Market Opportunities
Emerging economies in Asia Pacific and Latin America offer lucrative opportunities for market players given the rising disease burden and improving access to healthcare in these regions.
Combination products that integrate dialysate delivery, drainage and wireless data transfer capabilities present significant opportunities.
Impact of Covid-19 on Peritoneal Dialysis Equipment Market Growth
The Covid-19 outbreak has severely impacted the peritoneal dialysis equipment market. During the initial phase of the pandemic, various regions imposed strict lockdowns to contain the virus spread. This led to temporary closure of several dialysis centres. There was also disruptions in the supply chain. This affected the procurement of essential dialysis consumables and equipment by hospitals and dialysis centres.
However, with Covid-19 being a risk factor for patients with chronic kidney diseases, the demand for home-based dialysis solutions increased significantly. Peritoneal dialysis allows patients to receive treatment at home, avoiding visits to dialysis facilities and potential exposure to the virus. Many patients opted for peritoneal dialysis to lower their risk of getting infected. This helped drive the usage of peritoneal dialysis equipment and consumables.
To meet the growing demand, manufacturers ramped up their production capacity. They also ensured uninterrupted supply to hospitals and home care agencies. Telemedicine emerged as an important tool to support peritoneal dialysis patients. It enabled remote monitoring of patients and addressing their treatment-related queries without hospital visits. Governments also provided financial assistance to expand home-based dialysis programs using peritoneal dialysis.
North America has been the largest peritoneal dialysis equipment market in terms of value due to large patient population, advanced healthcare infrastructure and high adoption of home-based therapies. The United States accounts for the major share within the region due to presence of key players, strong reimbursement policies and rising awareness about home dialysis. However, Asia Pacific is projected to be the fastest growing market during forecast period owing to increasing incidence of end stage renal diseases, growth in healthcare expenditures and rising focus on expanding home healthcare. Risinggeriatric population, growing prevalence of diabetes and hypertension are also driving the demand in countries like China and India. Improving access to healthcare and reimbursement scenarios will further support market growth in Asia Pacific region.
Europe is another significant regional market supported by favourable reimbursement policies and initiatives to promote home therapies by countries like Germany, the UK and France. On the other hand, Latin America and Middle East & Africa are still at a nascent stage but will witness faster growth over coming years due to growing medical tourism, increasing healthcare budgets and expanding insurance coverage in many countries. While North America and Europe are major revenue generators currently, the future strategies of market players should focus on capitalizing growth opportunities in emerging markets like Asia Pacific, Latin America and Middle East & Africa.
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Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn:
https://www.linkedin.com/in/vaagisha-singh-8080b91) Peritoneal Dialysis Equipment Market to Grow at 6% CAGR Fueled by Rising Chronic Kidney Disease Cases
With rising prevalence of chronic kidney disease across the globe, the demand for renal replacement therapies has surged significantly. Peritoneal dialysis equipment is one such therapy that has gained prominence in the recent years. Peritoneal dialysis equipment helps patients suffering from kidney failure to obtain dialysis treatment at home without needing to visit a dialysis center regularly. The procedure involves infusing sterile dialysate solution into the patient's abdominal cavity via a catheter. Wastes and extra fluids are then drained along with the used dialysate. This home-based therapy offers comfort and improved quality of life to patients as compared to conventional hemodialysis.
The peritoneal dialysis equipment market is estimated to be valued at USD 4.62 Bn in 2024 and is expected to reach USD 6.93 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6% from 2024 to 2031.
Key Takeaways
Key players operating in the peritoneal dialysis equipment market are Baxter International, Fresenius Medical Care AG & Co. KGaA, Medtronic plc, Cook Medical Incorporated and Others.
Key players like Baxter and Fresenius together hold over 50% share of the global Peritoneal Dialysis Equipment Market and are focusing on new product launches to consolidate their leadership positions.
Growing prevalence of end-stage renal disease around the world has bolstered the demand for renal replacement therapies like peritoneal dialysis.
Technological advancements are aiding the development of innovative peritoneal dialysis products and systems that improve treatment efficacy and patient comfort.
Market Trends
Home hemodialysis is gaining traction as it provides flexibility and improves patient outcome and quality of life. Key players are introducing portable hemodialysis machines tailored for home use.
Integrating telehealth and remote patient monitoring capabilities helps extend clinical supervision and management of PD patients at home. This trend is expected to further drive the adoption of peritoneal dialysis.
Market Opportunities
Emerging economies in Asia Pacific and Latin America offer lucrative opportunities for market players given the rising disease burden and improving access to healthcare in these regions.
Combination products that integrate dialysate delivery, drainage and wireless data transfer capabilities present significant opportunities.
Impact of Covid-19 on Peritoneal Dialysis Equipment Market Growth
The Covid-19 outbreak has severely impacted the peritoneal dialysis equipment market. During the initial phase of the pandemic, various regions imposed strict lockdowns to contain the virus spread. This led to temporary closure of several dialysis centres. There was also disruptions in the supply chain. This affected the procurement of essential dialysis consumables and equipment by hospitals and dialysis centres.
However, with Covid-19 being a risk factor for patients with chronic kidney diseases, the demand for home-based dialysis solutions increased significantly. Peritoneal dialysis allows patients to receive treatment at home, avoiding visits to dialysis facilities and potential exposure to the virus. Many patients opted for peritoneal dialysis to lower their risk of getting infected. This helped drive the usage of peritoneal dialysis equipment and consumables.
To meet the growing demand, manufacturers ramped up their production capacity. They also ensured uninterrupted supply to hospitals and home care agencies. Telemedicine emerged as an important tool to support peritoneal dialysis patients. It enabled remote monitoring of patients and addressing their treatment-related queries without hospital visits. Governments also provided financial assistance to expand home-based dialysis programs using peritoneal dialysis.
North America has been the largest peritoneal dialysis equipment market in terms of value due to large patient population, advanced healthcare infrastructure and high adoption of home-based therapies. The United States accounts for the major share within the region due to presence of key players, strong reimbursement policies and rising awareness about home dialysis. However, Asia Pacific is projected to be the fastest growing market during forecast period owing to increasing incidence of end stage renal diseases, growth in healthcare expenditures and rising focus on expanding home healthcare. Risinggeriatric population, growing prevalence of diabetes and hypertension are also driving the demand in countries like China and India. Improving access to healthcare and reimbursement scenarios will further support market growth in Asia Pacific region.
Europe is another significant regional market supported by favourable reimbursement policies and initiatives to promote home therapies by countries like Germany, the UK and France. On the other hand, Latin America and Middle East & Africa are still at a nascent stage but will witness faster growth over coming years due to growing medical tourism, increasing healthcare budgets and expanding insurance coverage in many countries. While North America and Europe are major revenue generators currently, the future strategies of market players should focus on capitalizing growth opportunities in emerging markets like Asia Pacific, Latin America and Middle East & Africa.
Get More Insights On- https://justpaste.it/gvih6
Author Bio:
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups.
(LinkedIn: https://www.linkedin.com/in/vaagisha-singh-8080b91)
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