views
The India peritoneal dialysis market size is expected to reach USD 79.0million by 2026, exhibiting a CAGR of 9.0% during the forecast period. One ofthe key drivers accelerating the growth of the market is the increasing casesof associated disorders, such as diabetes and hypertension. According to theWorld Health Organization, the number of people with diabetes has risen from108 million in 1980 to 422 million in 2014. Furthermore, as per the WorldHealth Organizationin 2014, 8.5% of adults aged 18 years and older had diabetesand in 2016, diabetes was the direct cause of 1.6 million deaths.
As per thereport, published by the Fortune Business Insights, titled “India Peritoneal Dialysis Market Size,Share & Industry Analysis, By Type (Continuous Ambulatory PeritonealDialysis (CAPD), Automated Peritoneal Dialysis (APD)), By Product (Devices(Cyclers/Machines), PD Solutions/Fluids, PD Sets, Catheters) and RegionForecast, 2019-2026” the market stood at USD 43.1 million in 2018.
An Overview of the Impact of COVID-19 on this Market:
Theemergence of COVID-19 has brought the world to a standstill. We understand thatthis health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments andseveral 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.
Weare taking continuous efforts to help your business sustain and grow duringCOVID-19 pandemics. Based on our experience and expertise, we will offer you animpact analysis of corona virus outbreak across industries to help you preparefor the future.
Clickhere to get the short-term and long-term impact of COVID-19 on this [Market].
For More Information : https://www.fortunebusinessinsights.com/industry-reports/india-peritoneal-dialysis-market-101752
Rising Cases ofEnd-Stage Renal Disease will Facilitate Speedy Growth
One of the vitally important factors enabling the growth ofthe market is the increasing cases of kidney failure and end-stage renaldisease (ESRD). This factor has resulted in the surge of the patient pool fordialysis. Furthermore, the escalating incidence of associated disorders, suchas diabetes and hypertension is expected to contribute significantly to themarket growth. According to The Ministry of Health and Family Welfare,Government of India, under Pradhan Mantri National Dialysis Programme, everyyear, 2.2 lakh new patients of ESRD get added in India, resulting in theadditional demand for 3.4 Crore dialysis annually. The advantages associatedwith peritoneal dialysis modality such as fewer dietary restrictions, no needfor regular visits to dialysis centers, portability, and lesser weight gaincompared to hemodialysis is expected to fuel demand among patients.
Announcement of the IndianUnion Ministry of Health and Family Welfare to Offer Growth Prospects
The increasing government initiatives and guidelines for the adoptionof peritoneal dialysis by the Indian health ministry will boost the peritonealdialysis market trends in India. The better accessibility of peritonealdialysis in-home settings will further fuel demand among patients in the ruralareas who incur additional costs traveling to dialysis centers in far places. Peritonealdialysis allows greater flexibility and freedom in the treatment schedule. Thisfactor will further accelerate the peritoneal dialysis market growth in Indiaduring the forecast period. In addition, the increasing focus of the Indiangovernment towards peritoneal dialysis with lesser requirement of technicalpower, better productivity, and quality of life at a lower cost will creategrowth opportunities for the India peritoneal dialysis market. For instance, inMay 2019, the Indian Union Ministry of Health and Family Welfare announced theplans to offer peritoneal dialysis facility for patients suffering from kidneyailments under the Pradhan Mantri National Dialysis Programme (PMNDP).Theinclusion of peritoneal dialysis in the Pradhan Mantri National DialysisProgramme will uplift the peritoneal dialysis in the foreseeable future.
More Trending Topics from FortuneBusiness Insights :
Connected Drug Delivery Devices Market ,Share, Growth, Sales and DriversAnalysis Research Report 2026
Connected Drug Delivery Devices Market to reach USD 4,062.7 Million by2026; Increasing Prevalence of Diabetes & Asthma to Boost Growth: FortuneBusiness