According to a new report by Reports and Data, the global Peritoneal Dialysis Market size was valued at USD 3.88 Billion in 2020 and is estimated to exceed USD 5.85 Billion in terms of revenue at a CAGR of 5.3% through 2028. The market growth is driven by expanding global geriatric population base, increasing incidence of ESRD (End-stage renal disease), and the rising acceptance of home hemodialysis and peritoneal dialysis.
Peritoneal dialysis is the filtering of blood along with the elimination of waste fluids by using the peritoneal membrane, the body’s natural filter. The advantages associated with peritoneal dialysis include no use of needles, minimum clinic visits, and provides continuous therapy, which acts more like natural kidneys. This method is mostly performed at home and principally works to remove excess waste products and fluid from the blood.
ESRD, which is generally known as kidney failure is a one of the key factors for growth of the market. Diabetes is the most usual cause of ESRD, whereas high blood pressure is another common cause of ESRD. High blood pressure and diabetes are the most common chronic disease population across the globe. The shortage of kidneys for transplantation owing to stringent regulations in several countries may stimulate industry growth in the coming years. Moreover, a growing aging population that needs long term care requirements, raising awareness about hospital-acquired infections and increased patient preference of advanced kidney treatment will offer lucrative opportunities for the global peritoneal dialysis market growth through 2028.
Further key findings from the report suggest:
Get a sample of the report @ https://www.reportsanddata.com/sample-enquiry-form/1376
Increase in number of renal failure due to diabetes mellitus, hypertension, and stress, are the key factors influencing industry growth -Our expert Opinion
Asia Pacific is expected to lead the market growth over the coming years owing to rapid advancements in the healthcare sector in APAC countries such as India, China, and Japan. North America is anticipated to register the highest market growth over the forecast period attributed to the increasing availability of robust healthcare and clinical settings, legalization of medical marijuana, favorable reimbursement scenario, presence of key market players, and rapid technological advancements in the region.
The growing popularity of over-the-counter medications driving market growth
Growing incidence of acute and chronic diseases and lesser access to advanced medical facilities owing to low disposable income levels are driving the demand for over-the-counter medications. Availability of generic and low-cost alternatives to medical therapies are some other factors playing a major role in driving demand for over-the-counter medications.
Restriction on product launches and R&D activities to hamper the market growth
The imposition of strict government regulations and shortage of funds has put a halt on product launches and R&D activities and is expected to restrain market growth over the forecast period. In addition, the launch of expensive drugs and therapies and increasing regulations regarding safety and approvals are also hampering the market growth.
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, mergers and acquisitions, collaborations, and joint ventures to gain a robust footing in the market.
Top Companies Profiled in the Report:
Baxter International, B. Braun, Nipro, Melsungen, Covidien, DaVita Healthcare Partners, Dialysis Clinic, Diversified Specialty Institute Holdings, Fresenius Medical Care, Medical Components, NephroPlus, Huaren Pharmaceutical, Northwest Kidney Centers, NxStage Medical, Satellite Healthcare, Renal Services, Sichuan Kelun Pharmaceutical, U.S. Renal Care, and Sandor, among others.
Peritoneal Dialysis Market Segmentation:
Type Outlook (Revenue, USD Million; 2020-2028)
End-user Outlook (Revenue, USD Million; 2020-2028)
Product Outlook (Revenue, USD Million; 2020-2028)
Frequently asked questions addressed in the report:
Thank you for reading our report. For more details please connect with us and our team will ensure the report is customized to meet all the needs of clients. The report also offers a comprehensive regional analysis and specific countries can be included in the report according to the requirements.
Explore Latest Trending Research Reports By Reports and Data:
Ostomy Care Bag Market @ https://www.reportsanddata.com/report-detail/ostomy-care-bag-market
Healthcare Supply Chain Management Market @ https://www.reportsanddata.com/report-detail/healthcare-supply-chain-management-market
Transfer Bench Market @ https://www.reportsanddata.com/report-detail/transfer-bench-market
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Company Name: Reports and Data
Contact Person: John Watson
Email: Send Email
Address:40 Wall St. 28th floor
City: New York City
State: NY 10005
Country: United States