According to a new report published by Allied Market Research, titled, “Hemodialysis and Peritoneal Dialysis Market by Type, Dialysis Site, Modality, and Product: Opportunity Analysis and Industry Forecast, 2020–2027,” the global hemodialysis and peritoneal dialysis market size was valued at $15.68 billion in 2019, and is projected to reach $22.16 billion by 2027, registering a CAGR of 6.0%. Hemodialysis (HD) is a medical procedure used to remove wastes from patient’s blood with chronic or acute kidney failure. The waste removal helps to maintain electrolyte balance in patient’s body and prevents accumulation of salts and wastes in blood.
On the other hand, peritoneal dialysis (PD) uses inner lining of abdomen to filter blood when kidneys are not functioning effectively. This procedure is mostly performed at patient’s home and primarily works to remove excess fluid and toxins from patient’s blood. In PD, a catheter is placed in patient’s abdomen and dialysis solution (dialysate) is added to collect and remove waste from the body. Dialysate absorbs toxic substances and fluid from blood, using peritoneum as a filter. Peritoneal dialysis is administered either continuously or intermittently. For patients with low kidney function, continuous PD is recommended by healthcare professionals.
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COVID-19 scenario analysis:
1) The COVID-19 impact on the Hemodialysis and Peritoneal Dialysis Market is unpredictable and is expected to remain in force till the fourth quarter of 2021.
2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.
3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.
4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.
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By type, the hemodialysis segment is the major contributor toward market growth, owing to the maturity of the market and it being the preferred form of approach among healthcare professionals and patients suffering from ESRD.
By modality, conventional hemodialysis is more frequently used treatment, however, owing to efficient removal of toxic substances and demand for homecare among dialysis patients, daily dialysis is expected to be the fastest growing segment during the forecast period.
Key findings of Hemodialysis and Peritoneal Dialysis Market:
•By modality, the conventional hemodialysis segment occupied a major share in 2019 and is expected to maintain the trend throughout the forecast period.
•The consumables segment is expected to grow with the highest CAGR during the forecast period.
•Hemodialysis segment held a major share in the global market in 2019 and is expected to retain it throughout the forecast period.
•Asia-Pacific is expected to be the fastest growing region, during the forecast period.
List of Key Players Profiled in the Report:
•FRESENIUS SE AND CO. KGAA
•ASAHI KASEI CORPORATION
•B. BRAUN MELSUNGEN AG
•BAXTER INTERNATIONAL INC.
•BECTON, DICKINSON AND COMPANY (C. R. BARD, INC.)
•NIKKISO CO. LTD.
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