Peritoneal dialysis equipment is widely used to treat patients suffering from end-stage renal diseases. It helps filter waste and excess fluid from the blood when the kidneys are unable to perform their functions. The procedure involves infusing sterile dialysate solution into the abdominal cavity via a catheter. It allows diffusion and osmosis of waste and toxins from the bloodstream into the dialysate. Some key advantages of peritoneal dialysis include being less invasive than hemodialysis, enabling flexible treatment schedules, and allowing patients to continue their normal daily activities.
The growing burden of chronic kidney diseases globally has bolstered the need for efficient dialysis procedures.
The peritoneal dialysis equipment market is estimated to be valued at USD 4.62 Bn in 2024 and is expected to reach USD 6.93 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6% from 2024 to 2031.
Key Takeaways
Key players operating in the Peritoneal Dialysis Equipment are Baxter International, Fresenius Medical Care AG & Co. KGaA, Medtronic Plc., and Nikkiso Co. Ltd. Baxter International is one of the leading players offering an extensive range of peritoneal dialysis solutions and devices.
The rising prevalence of diabetes and hypertension-leading causes of chronic kidney disease, has fueled the demand for dialysis treatments worldwide. According to statistics, over 2 million people suffer from end-stage renal disease globally. Moreover, changing lifestyles and increasing geriatric population susceptible to kidney ailments have further driven the need for dialysis equipment and procedures.
Geographical expansion into emerging markets presents lucrative opportunities for Peritoneal Dialysis Equipment Market manufacturers. Many players are focusing on expanding access to dialysis in low and middle-income countries to meet the growing unmet needs. Regulatory approvals and partnerships with local distributors have enabled global market leaders to penetrate developing Asian and Latin American markets.
Market drivers
The increasing prevalence of chronic diseases such as diabetes, hypertension, and cardiovascular disorders has emerged as a key driver for the peritoneal dialysis equipment market. As per estimates, nearly 1.5 million new cases of end-stage renal disease are reported annually across the globe. Since diabetes and hypertension are leading causes of kidney failure, their rising incidence will continue fueling demand for dialysis therapy and equipment. According to the International Diabetes Federation, over 537 million adults were living with diabetes in 2021 worldwide, highlighting the growing disease burden.
The ongoing geopolitical tensions are impacting the growth of the peritoneal dialysis equipment market. Due to rising security concerns and trade barriers between major economies, supply chains have been disrupted affecting the availability of key components and products. Manufacturers are facing challenges in procuring raw materials from different global sources and delivering finished products worldwide. This is hampering the expansion of companies in international markets.
Besides, the market is witnessing volatile spending on healthcare in many nations affected by political instability and armed conflicts. Budgets for dialysis are being diverted to treat warfare casualties and funding public health priorities. As a result, investments toward newer peritoneal dialysis technologies have slowed down. To address these issues, companies must diversify their supplier network, localize production where possible, and offer flexible payment options to lower financial burdens on vulnerable patients and healthcare systems. Collaborating with regional players can also help gain understanding of local needs and conditions.
North America currently accounts for the largest share of the global peritoneal dialysis equipment market in terms of value. This can be attributed to the rising prevalence of end-stage renal disease, growing elderly population susceptible to kidney ailments, and the availability of reimbursement for dialysis therapy in the region. Within North America, the United States holds the major market share and is expected to continue its dominance due to the high acceptance of peritoneal dialysis as a treatment choice.
On the other hand, Asia Pacific is poised to become the fastest growing regional market in the coming years. This growth can be credit to the rising healthcare investments by various governments, growing awareness about kidney diseases, and expanding patient pool of chronic kidney disorders attributable to the increasing incidence of diabetes and hypertension. Moreover, the availability of low-cost peritoneal dialysis solutions is boosting the adoption rates across developing nations such as India and China.
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