Peritoneal Dialysis Equipment Market: Current Analysis and Forecast (2021-2027)

Peritoneal Dialysis Equipment Market: Current Analysis and Forecast (2021-2027)

Global Peritoneal Dialysis Equipment Market is anticipated to grow with an elevated CAGR of around 5% over the forecast period (2021-2027). Peritoneal Dialysis Equipment works by using your body’s peritoneal membrane and exchanges dialysate fluid to filter and clean blood. This equipment is generally used for patients suffering from kidney failure or kidney dysfunction. This equipment can be handled by the patients themselves.

The growing adoption of peritoneal dialysis equipment can be attributed to the rising prevalence of various kidney diseases coupled with a rapidly growing geriatric population. According to the United Nations, the 60+ aged population was 962 million in 2017 which is more than twice that it was in 1980 at 382 million. The number of elderly is expected to double again by 2050 and reach nearly 2.1 billion worldwide. The occurrence of chronic kidney diseases is almost varied from 23.4% to 35.8% higher in the elderly population as compared to the younger population and the increase in this population is expected to increase the number of chronic kidney diseases around the world. Thereby, boosting the peritoneal dialysis equipment market globally.

Furthermore, the peritoneal dialysis equipment market is anticipated to grow on account of the growing technological advancement, increasing incidence of diabetes, rising government, and public-private investments, and various advantages associated with the peritoneal dialysis equipment such as minimizing the disruption of daily activities, move freely with equipment, etc. However, some of the restraints in the market including failure of the peritoneal membrane and no well-suitable home environment are impeding the growth of this market all over the world.Baxter Healthcare, Fresenius, Renax Biomedical Tech. Co., Ltd, Bluesail, B. Braun, Terumo, Medtronic, Polymedicure, Newsol Technologies Inc., CR Double-Crane, are some of the prominent players operating in the peritoneal dialysis equipment market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with peritoneal dialysis equipment.

Insights Presented in the Report
"Amongst Product Type, Consumables segment holds the major share”

Based on product type, the peritoneal dialysis equipment market is bifurcated into systems and consumables. The consumables segment accounted for a significant market share in 2020 and it is estimated that it will grow rapidly during the projected timeframe. Consumables are used in the equipment for further dialysis process. The growth of this segment is due to an increased incidence of kidney diseases leading to the frequent use of dialysis equipment which in turn is a growing demand for various types of consumables such as peritoneal dialysis solutions, peritoneal dialysis sets, devices, and catheters.

“Amongst Treatment, continuous ambulatory peritoneal dialysis(capd) segment holds the major share”

Based on treatment type, the peritoneal dialysis equipment market is bifurcated into continuous ambulatory peritoneal dialysis (CAPD) and automated peritoneal dialysis (APD). The CAPD segment occupied the major share of the peritoneal dialysis equipment market in 2020 and it is expected to grow with a substantial CAGR in the upcoming years because of the growing preference for CAPD among patients having multiple diseases (hypertension and kidney disease) at the same time and lower tolerance for hemodialysis. Furthermore, lesser risk than hemodialysis and low disruption of your daily activities are other factors contributing to the growth of this segment. However, automated peritoneal dialysis (APD) is also expected to grow considerably during the projected timeframe.
"Amongst End-Users, home-based dialysis segment holds the major share”

Based on end-users, the market is fragmented into home-based dialysis, dialysis center, and hospital-based dialysis. In 2020, the home-based dialysis segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period owing to the increasing demand to set up dialysis equipment at home. As they make the patient feel positive And comfortable around the family. Moreover, patients can travel as well as work when the equipment is working. It gives freedom to the patient to eat, walk, and move in between the dialysis which in turn drives the market of home-based dialysis for the peritoneal dialysis equipment market. However, dialysis centers are also likely to witness the fastest growth during the forecast period.
"Asia Pacific represents one of the largest markets of peritoneal dialysis equipment market”

For a better understanding of the market dynamics of the peritoneal dialysis equipment market, a detailed analysis was conducted for different regions across the globe including North America (the U.S, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom, Italy, and Rest of Europe), Asia-Pacific (China, India, Australia, Japan, and Rest of APAC), Rest of World has been conducted. Asia pacific constitutes a major market for the peritoneal dialysis equipment market industry and generated revenue of USD XX Million in 2020 owing to the rise in kidney dysfunction and growing adoption of peritoneal dialysis equipment in the region.

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