LONDON--(EON: Enhanced Online News)--Technavio’s latest report on the global peritoneal dialysis market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020. Technavio defines an emerging market trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.
“The renal dialysis industry is concentrating on innovative advances in technology that will aid in the development of various types of dialysis treatment and equipment at reasonable costs. This will lead to a rise in the development of advanced PD product by top vendors in the emerging markets”
Peritoneal dialysis (PD) is one of the most efficient and cost-effective solution for treating chronic kidney diseases, with an additional benefit of their capacity to be incorporated into a residential setting. Some of the key vendors in the PD market are Baxter International, B. Braun Melsungen, and DaVita Healthcare Partners.
The global dialysis market was valued at USD 73 billion in 2015. The global PD market is expected to showcase a CAGR of over 5% through 2020. The US is the leading revenue contributor in the market space. The global market is in the growth phase, with an abundance of untapped revenue potential in developing countries.
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The top three emerging trends driving the peritoneal dialysis market according to Technavio healthcare and life sciences research analysts are:
- Rising demand for home PD treatment
- Growing demand for assisted automated peritoneal dialysis (AAPD)
- Huge growth potential in emerging markets
Rising demand for home PD treatment
“End-stage renal-disease patients find comfort in receiving PD treatment in a home setting. Once the patient understands the dialysis procedure, they will be guided on the usage based on individual needs. Various studies have shown that home-care bodes well on the psychological well-being of the patient, along with offering greater flexibility and better management of their time,” says Bharath Palada, one of the lead market research analysts at Technavio for medical devices research.
After the slight dip in the home PD market in the 1980s due to the increase in number of patients commencing renal replacement therapy (RRT), the market has been showing consistent growth. The technical simplicity of PD allows patients to perform dialysis even while travelling. Additionally, PD offers increased autonomy and independence to individuals in every respect compared to facility hemodialysis (HD). This is reflected in the higher utilization rate of home PD when compared to facility HD.
Growing demand for assisted automated peritoneal dialysis (aAPD)
The growth in automated peritoneal dialysis (APD) is mainly due to the positive response of the PD population, resulting in an increased demand for the technology in the market forecast period. Assisted APD (aApd) is a treatment for aging individuals requiring renal replacement therapy. This treatment is increasingly getting recognized amongst a distinct dialysis modality which has lesser chances for complications that would be expected in dialysis patients.
Most of the aAPD centers have demonstrated the viability and safety of assistance for PD treatment even in physically dependent patient’s house by the district or private nurses. The growing demand for assisted automated peritoneal dialysis is therefore expected to boost the peritoneal dialysis market during the forecast period.
Huge growth potential in emerging markets
Emerging countries such as China, India, South Korea, and Thailand have a growing older population but have limited awareness about PD. However, the governments of these countries are making active efforts to improve healthcare infrastructures, which will greatly benefit the market. Individuals opting for these benefits have pushed the vendors to come up with new technologies. The demand from the emerging markets has led to an increased competition among vendors which ensures the availability of the most efficient treatments at reasonable costs.
“The renal dialysis industry is concentrating on innovative advances in technology that will aid in the development of various types of dialysis treatment and equipment at reasonable costs. This will lead to a rise in the development of advanced PD product by top vendors in the emerging markets,” says Bharath.
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