The increasing usage of urinary bags is contributing to the global peritoneal dialysis market growth.
According to the latest Arizton's market research report, the global peritoneal dialysis market to be valued at around USD 4.5 billion by 2026, growing at a CAGR of close to 6% during the forecast period.
Global Peritoneal Dialysis Market Growth
Social stigma among the patient population is resulting in an increase in HD procedures and restraining the global peritoneal dialysis market growth. This increasing patient population, lowering number of organ transplants, and favorable government initiatives are fueling the market growth. The increasing usage of urinary bags is contributing to the global peritoneal dialysis market growth. Vendors are offering accessories and sets used in connection with catheters and the system during peritoneal dialysis treatment. These accessories play an important part in closing catheter tips and proper disposing of dialysis waste, thereby providing quality care and contributing to the PD market’s growth.
Emergence of On-demand Peritoneal Dialysis
On-demand peritoneal dialysis (PD) technology was launched by Baxter International, which is a global innovator in renal care and announced that the first patients have been enrolled in a US clinical trial for the company’s on-demand PD solution generation system. This will enable patients to reduce the storage of PD solutions that are costly and could led to cost-effective treatment options, which is turn, is expected to fuel the demand in the global peritoneal dialysis market. This emergence of on-demand PD by major vendors is likely to increase its adoption and boost market growth in upcoming years.
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- Market Size & Forecast by Revenue | 2019−2025
- Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
- Segmentation – A detailed analysis by product, technology, diseases, end-users, and geography
- Competitive Landscape – 4 Key Company Profiles and 14 Other Prominent Vendors
Global Peritoneal Dialysis Market – Geographic Analysis
Increasing healthcare expenditure in the US and Canada, growing prevalence of kidney diseases, rising geriatric population, well-established dialysis centers, and the increasing incidence of chronic diseases are factors contributing to the high share in the global peritoneal dialysis market in the North American region. There is strong interest across dialysis programs in North America to participate in a registry for PD catheters, as evidenced by the completion of the survey and sites expressing interest in joining the project. In Europe, the global peritoneal dialysis market is growing due to advanced healthcare infrastructure, with highly regulated, sophisticated, and evolved standard products.
The rapid change in technological environment the competitive scenario in the global peritoneal dialysis market is currently intensified. The availability of large numbers of major as well as emerging vendors is likely to dominate the US PD industry. The global peritoneal dialysis market is characterized by the presence of diversified international and regional vendors, international players would increase their footprint in the market while regional vendors would find it increasingly difficult to compete with them. The global peritoneal dialysis market is currently witnessing intense competition since all the major players are looking to gain more share. Arizton believes that international players would grow inorganically by acquiring regional or local players in future years.
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