
South Korea Peritoneal Dialysis Market- Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032
Description
Market Overview:
The South Korea peritoneal dialysis market is projected to grow from USD 399.18 million in 2023 to USD 683.65 million by 2032, at a compound annual growth rate (CAGR) of 6.46%.
This growth is driven by the rising prevalence of chronic kidney diseases (CKD) and the increasing demand for home-based dialysis treatments. The aging population, coupled with advancements in medical technology, is leading more patients to opt for peritoneal dialysis due to its convenience and effectiveness. Additionally, government initiatives aimed at raising awareness and improving healthcare infrastructure are contributing to market expansion. The shift towards patient-centered healthcare, along with a preference for less invasive and cost-effective treatments, further supports the growth of the peritoneal dialysis market. Moreover, innovations in dialysis devices, with enhanced capabilities to improve patient comfort and treatment outcomes, and the adoption of automated systems for better monitoring, are boosting market uptake.
Market Drivers:
Increasing Prevalence of Chronic Kidney Disease (CKD):
The rising incidence of chronic kidney disease (CKD) is a key factor driving the South Korean peritoneal dialysis market. As CKD becomes more prevalent due to factors like diabetes, hypertension, and an aging population, the demand for dialysis treatments, including peritoneal dialysis, is escalating. According to the Korean National Health and Nutrition Examination Survey, the prevalence of CKD among adults aged 20 years and older stands at 8.2%. Peritoneal dialysis, known for its flexibility and suitability for home-based care, is increasingly becoming the treatment of choice for many patients.
Market Challenges:
High Cost of Treatment and Equipment:
A significant challenge for the South Korean peritoneal dialysis market is the high cost of treatment and equipment. Despite its advantages, peritoneal dialysis requires substantial financial investment, covering the costs of dialysis machines, consumables, and ongoing medical care. A study has reported that the average annual cost of peritoneal dialysis in South Korea is approximately $23,358 per patient. These expenses can be a barrier for patients, particularly those without adequate health insurance coverage. While the government offers subsidies and reimbursement options for dialysis treatments, out-of-pocket costs can still be significant, limiting the adoption of peritoneal dialysis, particularly among lower-income groups.
Segmentation:
By Type:
Continuous Ambulatory Peritoneal Dialysis (CAPD)
Automated Peritoneal Dialysis (APD)
By Product:
Peritoneal Dialysis Machines
Peritoneal Dialysis Solutions
Dialysis Catheters
Others
By End-User:
Hospitals
Dialysis Centers
Home Care Settings
By Geography:
Seoul Metropolitan Region
Gyeonggi Province
Busan and Ulsan Regions
Daegu Region
Key Player Analysis:
Nipro Corporation
Baxter International Inc.
Fresenius Medical Care
Terumo Corporation
Asahi Kasei Medical Co., Ltd.
Huaren Pharmaceutical Co., Ltd.
JMS Co., Ltd.
Kawasumi Laboratories Inc.
Medtronic plc
Pacific Hospital Supply Co., Ltd.
The South Korea peritoneal dialysis market is projected to grow from USD 399.18 million in 2023 to USD 683.65 million by 2032, at a compound annual growth rate (CAGR) of 6.46%.
This growth is driven by the rising prevalence of chronic kidney diseases (CKD) and the increasing demand for home-based dialysis treatments. The aging population, coupled with advancements in medical technology, is leading more patients to opt for peritoneal dialysis due to its convenience and effectiveness. Additionally, government initiatives aimed at raising awareness and improving healthcare infrastructure are contributing to market expansion. The shift towards patient-centered healthcare, along with a preference for less invasive and cost-effective treatments, further supports the growth of the peritoneal dialysis market. Moreover, innovations in dialysis devices, with enhanced capabilities to improve patient comfort and treatment outcomes, and the adoption of automated systems for better monitoring, are boosting market uptake.
Market Drivers:
Increasing Prevalence of Chronic Kidney Disease (CKD):
The rising incidence of chronic kidney disease (CKD) is a key factor driving the South Korean peritoneal dialysis market. As CKD becomes more prevalent due to factors like diabetes, hypertension, and an aging population, the demand for dialysis treatments, including peritoneal dialysis, is escalating. According to the Korean National Health and Nutrition Examination Survey, the prevalence of CKD among adults aged 20 years and older stands at 8.2%. Peritoneal dialysis, known for its flexibility and suitability for home-based care, is increasingly becoming the treatment of choice for many patients.
Market Challenges:
High Cost of Treatment and Equipment:
A significant challenge for the South Korean peritoneal dialysis market is the high cost of treatment and equipment. Despite its advantages, peritoneal dialysis requires substantial financial investment, covering the costs of dialysis machines, consumables, and ongoing medical care. A study has reported that the average annual cost of peritoneal dialysis in South Korea is approximately $23,358 per patient. These expenses can be a barrier for patients, particularly those without adequate health insurance coverage. While the government offers subsidies and reimbursement options for dialysis treatments, out-of-pocket costs can still be significant, limiting the adoption of peritoneal dialysis, particularly among lower-income groups.
Segmentation:
By Type:
Continuous Ambulatory Peritoneal Dialysis (CAPD)
Automated Peritoneal Dialysis (APD)
By Product:
Peritoneal Dialysis Machines
Peritoneal Dialysis Solutions
Dialysis Catheters
Others
By End-User:
Hospitals
Dialysis Centers
Home Care Settings
By Geography:
Seoul Metropolitan Region
Gyeonggi Province
Busan and Ulsan Regions
Daegu Region
Key Player Analysis:
Nipro Corporation
Baxter International Inc.
Fresenius Medical Care
Terumo Corporation
Asahi Kasei Medical Co., Ltd.
Huaren Pharmaceutical Co., Ltd.
JMS Co., Ltd.
Kawasumi Laboratories Inc.
Medtronic plc
Pacific Hospital Supply Co., Ltd.
Table of Contents
187 Pages
- s
- CHAPTER NO. 1: INTRODUCTION
- 1.1.1. Report Description
- Purpose of the Report
- USP & Key Offerings
- 1.1.2. Key Benefits for Stakeholders
- 1.1.3. Target Audience
- 1.1.4. Report Scope
- CHAPTER NO. 2: EXECUTIVE SUMMARY
- 2.1. South Korea Peritoneal Dialysis Market Snapshot
- 2.1.1. South Korea Peritoneal Dialysis Market, 2018 - 2032 (USD Million)
- CHAPTER NO. 3: South Korea Peritoneal Dialysis Market – INDUSTRY ANALYSIS
- 3.1. Introduction
- 3.2. Market Drivers
- 3.3. Market Restraints
- 3.4. Market Opportunities
- 3.5. Porter’s Five Forces Analysis
- CHAPTER NO. 4: ANALYSIS COMPETITIVE LANDSCAPE
- 4.1. Company Market Share Analysis – 2023
- 4.2. South Korea Peritoneal Dialysis Market Company Revenue Market Share, 2023
- 4.3. Company Assessment Metrics, 2023
- 4.4. Start-ups /SMEs Assessment Metrics, 2023
- 4.5. Strategic Developments
- 4.6. Key Players Product Matrix
- CHAPTER NO. 5: PESTEL & ADJACENT MARKET ANALYSIS
- CHAPTER NO. 6: South Korea Peritoneal Dialysis Market – BASED ON TYPE ANALYSIS
- CHAPTER NO. 7: South Korea Peritoneal Dialysis Market – BASED ON PRODUCT ANALYSIS
- CHAPTER NO. 8: South Korea Peritoneal Dialysis Market – BASED ON END-USER ANALYSIS
- CHAPTER NO. 9: South Korea Peritoneal Dialysis Market – BASED ON GEOGRAPHY ANALYSIS
- CHAPTER NO. 10: COMPANY PROFILES
- 10.1. Nipro Corporation
- 10.1.1. Company Overview
- 10.1.2. Product Portfolio
- 10.1.3. SWOT Analysis
- 10.1.4. Business Strategy
- 10.1.5. Financial Overview
- 10.2. Baxter International Inc.
- 10.3. Fresenius Medical Care
- 10.4. Terumo Corporation
- 10.5. Asahi Kasei Medical Co., Ltd.
- 10.6. Huaren Pharmaceutical Co., Ltd.
- 10.7. JMS Co., Ltd.
- 10.8. Kawasumi Laboratories Inc.
- 10.9. Medtronic plc
- 10.10. Pacific Hospital Supply Co., Ltd.
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