Peritoneal dialysis (PD) is the medical technique to purify blood in case of kidney dysfunction or kidney failure.
Peritoneal Dialysis Industry Overview:
Peritoneal dialysis (PD) is the medical technique to purify blood in case of kidney dysfunction or kidney failure. This procedure is mostly performed at home, at work, or even while traveling. With the help of peritoneal membrane, this process can filter the blood and remove the unwanted fluid from the body. In case of an automated peritoneal dialysis, a machine named as cycler performs the process while the patient sleeps at night. Though peritoneal dialysis is not a cure for kidney failure, it can help the patient feel better and live longer.
According to a report published by Allied Market Research, the global peritoneal dialysis market size is projected to reach $5.07 billion with a significant CAGR from 2018 to 2025. North America is the largest supplier and consumer of peritoneal dialysis machine. Numerous factors such as technological advancements in healthcare sector, rise in prevalence of diabetes & hypertension, shortage of organ donors & risks associated with transplants, and introductions of advanced products & services by key market players are driving the growth of the market in more than one way.
In addition, the Asia-Pacific region offers remunerative opportunities for the major players in the market. This is attributed to certain factors such as growth in healthcare infrastructure, huge population base, increase in prevalence of end stage renal disease (ESRD), rise in demand for advanced PD devices, increase in number of dialysis centers, and surge in demand for home dialysis treatment. At the same time, government funding for the treatment of ESRD is boosting the growth of the peritoneal dialysis market even more.
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Top Leading Players:
- Baxter International Inc
- Cook Medical Inc
- Fresenius Medical Care AG & Co. KGaA
- Medtronic Plc
- Medionics International, Inc
- Newsol Technologies Inc
- Poly Medicure Ltd
- Renax Biomedical Tech. Co., Ltd
- Terumo Corporation
- Utah Medical Products, Inc
Covid-19 Scenario-
Here, it’s worth mentioning that the outbreak of the Covid-19 pandemic led to postponement of Peritoneal dialysis procedures, thereby resulting in decreased demand for Peritoneal dialysis from the healthcare sector. This factor had a negative impact on the global market, especially during the initial phase. However, the situation has almost gotten back to normalcy and high-end innovations have also been incorporated by the key players. With this drift on board, the market is anticipated to revive really soon.
With this drift on board, market players are increasingly adopting different strategies such as partnerships, collaborations, acquisitions etc. in order to stay competitive in the market. In a nutshell, the global peritoneal dialysis market has a huge scope to assemble exponential growth in the upcoming years.