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Peritoneal Dialysis Market Will Reach USD 5.85 Billion By 2028 at a Healthy CAGR of 5.3 % – Reports and Data

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Peritoneal Dialysis Market Will Reach USD 5.85 Billion By 2028 at a Healthy CAGR of 5.3 % – Reports and Data

September 23
20:17 2022
Peritoneal Dialysis Market Will Reach USD 5.85 Billion By 2028 at a Healthy CAGR of 5.3 % - Reports and Data
Peritoneal Dialysis Market
According to a new report by Reports and Data, the global Peritoneal Dialysis Market size was valued at USD 3.88 Billion in 2020 and is estimated to exceed USD 5.85 Billion in terms of revenue at a CAGR of 5.3% through 2028

According to a new report by Reports and Data, the global Peritoneal Dialysis Market size was valued at USD 3.88 Billion in 2020 and is estimated to exceed USD 5.85 Billion in terms of revenue at a CAGR of 5.3% through 2028. The market growth is driven by expanding global geriatric population base, increasing incidence of ESRD (End-stage renal disease), and the rising acceptance of home hemodialysis and peritoneal dialysis.

Peritoneal dialysis is the filtering of blood along with the elimination of waste fluids by using the peritoneal membrane, the body’s natural filter. The advantages associated with peritoneal dialysis include no use of needles, minimum clinic visits, and provides continuous therapy, which acts more like natural kidneys. This method is mostly performed at home and principally works to remove excess waste products and fluid from the blood.

ESRD, which is generally known as kidney failure is a one of the key factors for growth of the market. Diabetes is the most usual cause of ESRD, whereas high blood pressure is another common cause of ESRD. High blood pressure and diabetes are the most common chronic disease population across the globe. The shortage of kidneys for transplantation owing to stringent regulations in several countries may stimulate industry growth in the coming years. Moreover, a growing aging population that needs long term care requirements, raising awareness about hospital-acquired infections and increased patient preference of advanced kidney treatment will offer lucrative opportunities for the global peritoneal dialysis market growth through 2028.

Further key findings from the report suggest:

  • Based on type, the Continuous Ambulatory Peritoneal Dialysis segment is expected to observe a notable growth rate of 5.4% through 2028 on account of its portability, low cost, and lesser machines attachments.
  •  
  • Based on end-use, the hospital based dialysis segment accounts for nearly 31.2% of the market share in 2020 and is expected to make significant contributions through 2028. The segmental growth is driven by the availability of unique diagnostic and therapeutic medical technologies that enable quick and accurate diagnosis in these settings.
  •  
  • In the regional landscape, Europe accounted for nearly 26.3% of the global peritoneal dialysis market share in 2020 and is expected to exhibit a CAGR of 5.3% during the forecast period.
  •  
  • In 2020, North America accounted for 35.3% of the global peritoneal dialysis market and is expected to gain major traction through 2028 on account of increasing prevalence of chronic diseases, favorable reimbursement policies, and several initiatives by the government supporting adoption of advanced medical systems in healthcare settings.

 

Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1376

 

Increase in number of renal failure due to diabetes mellitus, hypertension, and stress, are the key factors influencing industry growth -Our expert Opinion

 

Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in the healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register the highest market growth over the forecast period attributed to the increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.

The growing popularity of over-the-counter medications driving market growth

Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.

Restriction on product launches and R&D activities to hamper the market growth

The imposition of strict government regulations and shortage of funds has put a halt on product launches and R&D activities and is expected to restrain market growth over the forecast period. In addition, the launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering the market growth.

 

Competitive Landscape:

The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.

Top Companies Profiled in the Report:

Baxter International, B. Braun, Nipro, Melsungen, Covidien, DaVita Healthcare Partners, Dialysis Clinic, Diversified Specialty Institute Holdings, Fresenius Medical Care, Medical Components, NephroPlus, Huaren Pharmaceutical, Northwest Kidney Centers, NxStage Medical, Satellite Healthcare, Renal Services, Sichuan Kelun Pharmaceutical, U.S. Renal Care, and Sandor, among others.

Peritoneal Dialysis Market Segmentation:

 

Type Outlook (Revenue, USD Million; 2020-2028)

  • Continuous Ambulatory Peritoneal Dialysis (CAPD)
  • Automated Peritoneal Dialysis (APD)

 

End-user Outlook (Revenue, USD Million; 2020-2028)

  • Home-Based Dialysis
  • Dialysis Center & Hospital Based Dialysis

 

Product Outlook (Revenue, USD Million; 2020-2028)

  • Peritoneal Dialysis Solution
  • Device
  • Peritoneal Dialysis Set
  • Catheter
  • Others

 

Regional Outlook:

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
  • Latin America (Brazil, Rest of LATAM)
  • Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of the Middle East & Africa)

 

Frequently asked questions addressed in the report:

  • What is the revenue growth rate of the global Peritoneal Dialysis market over the forecast period?
  • What are the major factors driving the growth of the Global Peritoneal Dialysis Market?
  • What are the key challenges impacting the global Peritoneal Dialysis market growth?
  • What are the outcomes of the SWOT Analysis and Porter’s Five Forces Analysis conducted in the report?

 

Thank you for reading our report. For more details please connect with us and our team will ensure the report is customized to meet all the needs of clients. The report also offers a comprehensive regional analysis and specific countries can be included in the report according to the requirements.

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About Reports and Data

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