Technavio Announces the Publication of its Research Report Global Peritoneal Dialysis Market 2016-2020
Technavio recognizes the following companies as the key players in the global peritoneal dialysis market: Baxter, B. Braun Melsungen, DaVita Healthcare Partners, and Fresenius Medical Care.
Other Prominent Vendors in the market are: Dialysis Clinic, Diaverum, Diversified Specialty Institute Holdings, Huaren Pharmaceutical, Medical Components, Medtronic, Merit Medical Systems, NephroPlus, Nikkiso, Nipro, Northwest Kidney Centers, NxStage Medical, Outset Medical, Renal Services, Sandor, Satellite Healthcare, Sichuan Kelun Pharmaceutical, and U.S. Renal Care.
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Commenting on the report, an analyst from Technavios team said: The latest trend gaining momentum in the market is rising demand for home PD treatment. PD as home dialysis has become a growing trend in the market. Once the patient gets hold of the dialysis procedure at home, the patient will be guided based on the individual needs. Kidney patients find PD an easy method to perform at home. In the 1980s, the fall of home HD as a percentage of the total dialysis population was because of the increase in a number of patients commencing renal replacement therapy (RRT) on PD. Studies state that home PD offers greater flexibility and time management to patients as well as psychological benefits.
According to the report, one of the major drivers for this market is increasing prevalence of ESRD coupled with rising older population. ESRD is the last stage of chronic kidney disease. The common causes of ESRD are diabetes and hypertension. Thus, there is a huge demand for PD in the market. According to the IDF, more than 300 million people live with diabetes worldwide. Also, as per WHF, nearly 970 million people worldwide have elevated blood pressure.
Further, the report states that one of the major factors hindering the growth of this market is associated risks and complications of PD treatment. Many side effects are associated with PD treatments such as peritonitis, hernia, hypertension, muscles cramps, itching, infections, weight gain, fluid overload, and bone diseases. Peritonitis occurs when microbes get into the peritoneal cavity through the catheter. If the catheter is not removed, the condition can worsen. In such cases, the abdomen must be rested, and PD should not be used for 4-6 weeks. The patient usually needs HD until PD is resumed. This change of treatment can be a great challenge for the market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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About Peritoneal Dialysis
Peritoneal dialysis process involves the insertion of a tube into the patient’s stomach to carry out dialysis process. In PD, a catheter is used to carry out dialysis using a flow of a sterile fluid through the lining of the abdomen, the peritoneum. This helps the blood flow to pass in and out of the peritoneal space. This process is used to remove waste products and fluid from the body in patients with severe renal diseases. Peritoneal dialysis is two types: continuous ambulatory peritoneal dialysis (CAPD) and automated peritoneal dialysis (APD).
Technavios analysts forecast the global peritoneal dialysis market to grow at a CAGR of 5.45% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global peritoneal dialysis market for 2016-2020. To calculate the market size, the report considers the revenue generated from sales of products and services offered by vendors for the treatment of renal diseases.
The market is divided into the following segments based on geography:
Technavio’s report, Global Peritoneal Dialysis Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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