Peritoneal Dialysis Market
Number of pages: 100 | Report Format: PDF | Published date: February 03, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
|
Report Attribute |
Details |
|
Market Size Value in 2021 |
US$ 4.3 billion |
|
Revenue Forecast in 2030 |
US$ 7.38 billion |
|
CAGR |
6.2% |
|
Base Year for Estimation |
2021 |
|
Forecast Period |
2022-2030 |
|
Historical Year |
2020 |
|
Segments Covered |
Product, Type, End-user, and Region |
|
Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global peritoneal dialysis market was valued at US$ 4.3 billion in 2021 and is expected to register a revenue CAGR of 6.2% to reach US$ 7.38 billion by 2030.
Peritoneal Dialysis Market Fundamentals
Peritoneal dialysis is a therapeutic solution used for patients with impaired kidney function to remove waste materials from the bloodstream. Peritoneal dialysis helps treat kidney failure by managing electrolyte imbalances, removing toxins from the body, and controlling excess fluid levels. Technological advancements in dialysis machines have resulted in the availability of peritoneal dialysis across locations ranging from hospital settings to home care. Peritoneal dialysis is often performed four times a day; however, it can alternatively be carried out once per day in less severe conditions. Moreover, it must be performed carefully to minimize hazards, such as peritonitis and peritoneal infection. The evolving simplicity and efficacy of peritoneal dialysis have resulted in its penetration into home care settings, thus boosting the global peritoneal dialysis market revenue growth.
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Peritoneal Dialysis Market Dynamics
The increasing prevalence of end-stage renal diseases (ESRDs) is the primary factor driving revenue growth in the peritoneal dialysis market. Moreover, a rise in the geriatric population, which is more prone to diseases, such as diabetes and hypertension, is also increasing the incidence of renal conditions, fueling the demand for peritoneal dialysis. An increase in funding from major companies in research & development activities for improving treatment methods for kidney diseases is boosting the global peritoneal dialysis market. Additionally, the recent technological advancements in kidney diagnosis and treatment procedures, such as 3D tissue modeling, innovations in filtration membranes, water purification systems, and smart sensors for real-time and remote patient monitoring, support the growing peritoneal dialysis demand. Furthermore, increase in initiatives by various government organizations to spread awareness about the available treatment methods and establish new dialysis centers is fueling the peritoneal dialysis market revenue growth.
However, peritoneal dialysis must be performed frequently and requires permanent catheterization. It increases the risk of hypertriglyceridemia, hypoproteinemia, and peritonitis. Such factors are likely to restrain the overall revenue growth of the peritoneal dialysis market to some extent.
Peritoneal Dialysis Market Ecosystem
The global peritoneal dialysis market has been analyzed from four perspectives: product, type, end-user, and region.
Peritoneal Dialysis Market by Product
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Based on the product, the global peritoneal dialysis market is segmented into devices, consumables, and services.
The services segment dominated the global peritoneal dialysis market with the largest revenue share in 2021, attributed to the increasing number of ESRD patients requiring dialysis, growing awareness about the available services, and rising participation of healthcare facilities providing peritoneal dialysis services at home care. Additionally, various companies are collaborating with each other to improve their existing dialysis services to benefit their patients.
Peritoneal Dialysis Market by Type
Based on the type, the global peritoneal dialysis market is segmented into continuous ambulatory peritoneal dialysis (CAPD) and automated peritoneal dialysis (APD).
The CAPD segment accounted for the largest revenue share of the market in 2021, attributed to its advantages, such as improved blood pressure management, reduced costs, and better maintenance of residual renal function. Along with this, the rising cases of renal diseases are the major cause behind the continuous ambulatory peritoneal dialysis segment revenue growth. For instance, according to 2021 study by the Centers for Disease Control and Prevention, 1 in 7 adults in the United States were likely to suffer from chronic renal disease in 2021. It is more frequent in adults over the age of 65, and women are more vulnerable than men.
Peritoneal Dialysis Market by End-User
Based on the end-user, the global peritoneal dialysis market is segmented into home-based dialysis and hospital-based dialysis.
The home-based dialysis segment accounts for significant revenue growth, owing to its advantages, such as lower travel costs, increased quality of life, flexibility, and easier patient mobility. Furthermore, the geriatric population, which is largely affected by renal failure, prefers home-based dialysis over hospital-based dialysis. These factors are expected to boost the segment revenue growth even further. Technological breakthroughs and developments in compact dialysis machines that are easy to transport and fit and convenient tubing and dialyzer connection have resulted in a greater number of patients preferring home-based dialysis, hence supporting the revenue growth of the home-based peritoneal dialysis market.
Peritoneal Dialysis Market by Region
Based on the region, the global peritoneal dialysis market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominated the global peritoneal dialysis market in 2021 owing to a significant increase in the number of patients suffering from renal problems and the presence of superior healthcare facilities. Furthermore, growing collaborations between small and large enterprises and investments in research and development activities by these firms are eventually driving market revenue growth. For instance, in December 2022, Spectral Medical, via its wholly owned subsidiary Dialco Medical Inc., announced forming a new joint venture with Informed SA, a Swiss corporation committed to the research and production of blood purification systems. The new joint venture aims to boost commercialization in the North America market.
Peritoneal Dialysis Market Competitive Landscape
The prominent players operating in the global peritoneal dialysis market are:
Peritoneal Dialysis Market Strategic Developments
The global peritoneal dialysis market is estimated to reach US$ 7.38 billion by 2030.
The increasing prevalence of end-stage renal disease (ESRD), technological advancements in the diagnosis and treatment, and rising geriatric population are driving the global peritoneal dialysis market revenue growth.
Baxter International Inc., B. Braun Medical Inc., Medtronic plc, Asahi Kasei Medical Co., Ltd., and Fresenius Medical Care AG & Co. are among the prominent market players.
Geographically, North America accounts for the largest revenue share of the global market, followed by Europe; and Asia Pacific is the fastest-growing regional market for peritoneal dialysis.
The risk of complications, such as infections, hypertriglyceridemia, and hypoproteinemia, restrain the uptake of peritoneal dialysis, in turn, hold back the market revenue growth to some extent.
*Insights on financial performance are subject to availability of information in the public domain