Hemodialysis and Peritoneal Dialysis Market by Products (Machines, Dialyzer, AV Fistula, AV Graft, Bloodlines, Catheters, Transfer Sets, CAPD, APD) & Services, Modality (Conventional, Nocturnal), End User (In-center, Hospital, Home) - Global Forecast to 2021
The global hemodialysis and peritoneal dialysis market is estimated to reach 83.89 billion by 2021, at a CAGR of 6.0% from 2016 to 2021. Although the global hemodialysis and peritoneal dialysis market is estimated to grow at a lower CAGR in developed countries; however, it is expected to witness a high growth rate in emerging countries such as China, India, and Brazil. The growth in this market is driven by the increasing number of ESRD patients, growing prevalence of diabetes & hypertension (major causes of kidney failure), rapid growth in the aging population, preference for dialysis treatments over kidney transplants due to lack of donors, and initiatives taken by leading players to introduce advanced products & services. However, a number of product recalls and the risks & complications associated with dialysis are restricting the growth of this market to a certain extent.
The global hemodialysis and peritoneal dialysis market is categorized into two broad segments, namely, hemodialysis and peritoneal dialysis. The hemodialysis (HD) products and services market include machines, consumables, and services. The peritoneal dialysis (PD) products and services market include machines, concentrates/dialysates, catheters, transfer sets, and PD services. Furthermore, on the basis of end user, the global hemodialysis and peritoneal dialysis market has been segmented into in-center dialysis and home dialysis.
In 2016, the hemodialysis segment is expected to account for largest share of the market. Factors such as the huge acceptance of hemodialysis therapy over peritoneal dialysis among CKD and ESRD patients, increasing number of ESRD patients, growth in the number of dialysis centers, and government initiatives are stimulating the growth of the hemodialysis market. However, the peritoneal dialysis market is estimated to grow at the highest CAGR during the forecast period.
Geographically, North America is expected to command the largest share of the global hemodialysis and peritoneal dialysis market in 2016, followed by Europe. A number of factors such as the growing dialysis patient pool and increasing prevalence of diabetes and hypertension are propelling the growth of the North American dialysis market. Additionally, factors such as the growing inclination towards peritoneal dialysis and the rising adoption of home hemodialysis/nocturnal dialysis are also contributing to the growth of this market. According to the U.S. Renal Data System, the number of peritoneal dialysis patients opting for self-treatment at home rose by 24% from 2008 to 2011.
The Asia-Pacific region is poised to grow at the highest CAGR in the next five years. Factors such as the presence of a large patient population base, increasing number of private and public owned dialysis centers, improving reimbursement and insurance scenario, rising focus of global players, and increasing government initiatives are propelling the growth of the dialysis market in the Asia-Pacific region.
The global hemodialysis and peritoneal dialysis market is highly competitive, with a large number of players (including dialysis products market players and dialysis services market players). As of 2015, the global dialysis products market was dominated by Fresenius Medical Care AG & Co. KGaA (Germany) and Baxter International, Inc. (U.S.); whereas in the global hemodialysis and peritoneal dialysis services market, Fresenius Medical Care AG & Co. KGaA (Germany), DaVita Healthcare Partners, Inc. (U.S.), and Diaverum Deutschland GmbH (Germany) were the top three market players. Partnerships/agreements/collaborations/joint ventures, and acquisitions are the major strategies adopted by most of the market players to achieve growth in the hemodialysis and peritoneal dialysis market.
Reasons to Buy the Report:
From an insight perspective, this research report has focused on various levels of analysis — industry analysis (porter’s five force model), market share analysis of top players, and company profiles, which together comprise and discuss the basic views on the competitive landscape, emerging and high growth segments of the hemodialysis and peritoneal dialysis market, high-growth regions and countries and their respective regulatory policies, government initiatives, drivers, restraints, and opportunities. The above mentioned market research data, current market size, and forecast of future trends will help existing players and new entrants to make the necessary decisions regarding the product offerings, geographic focus, change in strategic approach, R&D investment for innovation in products and technologies, and levels of output in order to remain successful.
Firms purchasing the report could use any one or combination of the below mentioned five strategies (Market Penetration, Product Development/Innovation, Market Development, Market Diversification, and Competitive Assessment) for reaping market share.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on dialysis products and services offered by the top 10 players in the global hemodialysis and peritoneal dialysis market. The report analyzes the market by product & service, modality, end user, and region
Market Development: Comprehensive information about lucrative emerging markets. The report analyzes the markets for various dialysis products and services across key geographic regions
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the global hemodialysis and peritoneal dialysis market
Competitive Assessment: In-depth assessment of market shares, strategies, products, and recent developments of the leading players in the global hemodialysis and peritoneal dialysis market
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