Dublin, Dec. 14, 2020 (GLOBE NEWSWIRE) -- The "Peritoneal Dialysis Market Share, Size and Growth, By Type, By End-User By Product And Segment Forecasts, 2016-2026" report has been added to ResearchAndMarkets.com's offering.
Increasing occurrences of renal failure due to hypertension, stress, and diabetes mellitus globally, are the major factors influencing the market growth.
The Peritoneal Dialysis Market is estimated to reach USD 5.58 Billion by 2027. This can be mainly associated with the growing incidences of chronic diseases and technological advancements that are expected to become the most common growth factors globally in the coming years.
Peritoneal dialysis (PD) is a method of dialysis that uses dialysis solution and the inner lining of the abdomen to drain blood when the kidneys are not functioning efficiently. This method is mostly performed at home and principally works to remove excess waste products and fluid from the blood. ESRD (End-stage renal disease), which is generally known as kidney failure, is a significant factor for the growth of the market. Diabetes is the most common cause of ESRD, whereas high blood pressure is the second most common cause of ESRD. High blood pressure and diabetes are the most common chronic disease among the global population, and a shortage of kidneys for transplantation due to stringent regulations regarding kidney transplantation in several countries are some of the factors that are responsible for stimulating the market growth. However, the lack of awareness and limited demand in underdeveloped countries are some factors that may hinder the market growth. The rise in demand for home peritoneal dialysis treatment and increased opportunities in weak and emerging markets would create future opportunities.
Due to the presence of key players, favorable reimbursement policies, and a rising number of chronic diseases, and several initiatives by the government, North America accounts for the largest share of around 35.3% of the market by 2019.
Further key findings from the report suggest
- Peritoneal dialysis is the cleansing of blood and the elimination of extra fluids by using the peritoneal membrane, the body's natural filter.
- Hemodialysis is a method of pumping out the blood to an artificial kidney system and is returned to the body with the help of tubing accessories.
- The peritoneal membrane is the lining that circles the abdominal cavity, including the stomach, spleen, liver, and intestines.
- CAPD type segment is expected to grow at a rate of 5.4% during the forecast period due to portability, low cost, and freedom from machines.
- The growing population, increasing rates of chronic diseases, and rising healthcare expenditure are the fundamental factors that are boosting the growth of the market across the globe.
- A growing aging population that needs long term care requirements, raising awareness about hospital-acquired infections, and growing usage of technologies among patients are few factors that are expected to expand usage rates.
- The hospital-based dialysis segment accounts for a market share of approximately 31.2% by 2019.
- Innovative product development and collaborative developments are some critical strategic initiatives taken by the players in this industry to fortify their position in the competition.
- The presence of unique diagnostic and therapeutic medical technologies that enable quick and accurate diagnosis is the primary factor for the growth of this segment.
- The benefits of peritoneal dialysis involve no use of needles, minimum clinic visits, and continuous therapy supplies similar to the kidney's natural functioning.
- The peritoneal dialysis solution segment accounted for the largest share of nearly 23.3% by 2019.
- Europe accounted for a share of about 26.3% in 2019 and is expected to grow at a rate of 5.3% during the forecast period.
- Key participants include Nipro, Covidien, B. Braun Melsungen, Diversified Specialty Institute Holdings, DaVita Healthcare Partners, Baxter International, Dialysis Clinic, Medical Components, Northwest Kidney Centers, Fresenius Medical Care, Huaren Pharmaceutical, NephroPlus, Satellite Healthcare, NxStage Medical, Renal Services, Sandor, Sichuan Kelun Pharmaceutical, and U.S. Renal Care.
Key Topics Covered:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Peritoneal Dialysis Market Segmentation & Impact Analysis
Chapter 5. Peritoneal Dialysis Market By Type Insights & Trends
Chapter 6. Peritoneal Dialysis Market By End-User Insights & Trends
Chapter 7. Peritoneal Dialysis Market By Product Insights & Trends
Chapter 8. Peritoneal Dialysis Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
- Baxter International
- Nipro
- B. Braun Melsungen
- DaVita Healthcare Partners Co.idien
- Dialysis Clinic
- Fresenius Medical Care
- Diversified Specialty Institute Holdings
- Medical Components
- Huaren Pharmaceutical
- NephroPlus
- Northwest Kidney Centers
- Satellite Healthcare
- NxStage Medical
- Renal Services
- Sandor
- Sichuan Kelun Pharmaceutical
- U.S. Renal Care
For more information about this report visit https://www.researchandmarkets.com/r/lh9u72
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