The “India peritoneal dialysis” market size is expected to reach USD 79.0 million by 2026, exhibiting a CAGR of 9.0% during the forecast period. One of the key drivers accelerating the growth of the market is the increasing cases of associated disorders, such as diabetes and hypertension. According to the World Health Organization, the number of people with diabetes has risen from 108 million in 1980 to 422 million in 2014. Furthermore, as per the World Health Organization in 2014, 8.5% of adults aged 18 years and older had diabetes and in 2016, diabetes was the direct cause of 1.6 million deaths.
As per the report, published by the Fortune Business Insights, titled “India Peritoneal Dialysis Market Size, Share & Industry Analysis, By Type (Continuous Ambulatory Peritoneal Dialysis (CAPD), Automated Peritoneal Dialysis (APD)), By Product (Devices (Cyclers/Machines), PD Solutions/Fluids, PD Sets, Catheters) and Region Forecast, 2019-2026” the market stood at USD 43.1 million in 2018. The report offers dynamic insights on all the prevailing trends and characteristics of the market. It provides an all-encompassing summary and analytical data of all the segments. It is created after extensive research followed by deep analysis to benefit companies, stakeholders, financers and potential investors. It is designed with an aim to provide an authentic picture of the peritoneal dialysis market size in India. In addition, it alsoincludes the latest advances and development, product launches, acquisitions, collaborations & partnerships, and others.
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
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The current pandemic of Covid-19 has made a catastrophic impact on the world. Most businesses are shut as a result of the increasing COVID-19 cases. The healthcare industry is facing shortage of medical aid as there are not enough beds to suffice the needs of the increasing number of patients. The world economy is fluctuating as most businesses are at a halt and the ones running from the vicinity of their homes are barely able to manage revenue.
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Rising Cases of End-Stage Renal Disease will Facilitate Speedy Growth
One of the vitally important factors enabling the growth of the market is the increasing cases of kidney failure and end-stage renal disease (ESRD). This factor has resulted in the surge of the patient pool for dialysis. Furthermore, the escalating incidence of associated disorders, such as diabetes and hypertension is expected to contribute significantly to the market growth. According to The Ministry of Health and Family Welfare, Government of India, under Pradhan Mantri National Dialysis Programme, every year, 2.2 lakh new patients of ESRD get added in India, resulting in the additional demand for 3.4 Crore dialysis annually. The advantages associated with peritoneal dialysis modality such as fewer dietary restrictions, no need for regular visits to dialysis centers, portability, and lesser weight gain compared to hemodialysis is expected to fuel demand among patients.
Announcement of the Indian Union Ministry of Health and Family Welfare to Offer Growth Prospects
The increasing government initiatives and guidelines for the adoption of peritoneal dialysisby the Indian health ministry will boost the peritoneal dialysis market trends in India. The better accessibility of peritoneal dialysisin-home settings will further fuel demand among patients in the rural areas who incur additional costs traveling to dialysis centers in far places. Peritoneal dialysisallowsgreater flexibility and freedom in the treatment schedule. This factor will further accelerate the peritoneal dialysis market growth in India during the forecast period. In addition, the increasing focus of the Indian government towards peritoneal dialysis with lesser requirement of technical power, better productivity, and quality of life at a lower cost will create growth opportunities for the India peritoneal dialysis market. For instance, in May 2019, the Indian Union Ministry of Health and Family Welfare announced the plans to offer peritoneal dialysis facility for patients suffering from kidney ailments under the Pradhan Mantri National Dialysis Programme (PMNDP).The inclusion of peritoneal dialysis in the Pradhan Mantri National Dialysis Programme will uplift the peritoneal dialysis in the foreseeable future.
Some of the Major Companies in the India Peritoneal Dialysis Market
- Mitra Industries (P) Ltd
- Cook India
- Poly Medicure Limited
- Fresenius Medical Care AG & Co. KGaA
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