Global Artificial Kidney Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global Artificial Kidney Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global artificial kidney market report has been segmented on the basis of device type, end user, and region.
Global Artificial Kidney Market: Overview
The implantable bio-artificial kidney is an alternative to dialysis and other externally wearable devices that would tether patients or limit their mobility. Powered by the body’s own blood pressure, the device does not require the external tubes or tethers associated with wearable artificial kidneys.
A hemofilter module processes incoming blood to create a watery ultra-filtrate that contains dissolved toxins as well as sugars and salts. A bioreactor of kidney cells processes the ultra-filtrate and sends sugars and salts back into blood. In the process, water is also reabsorbed back into body concentrating the ultra-filtrate into urine, which is directed to bladder for excretion.
Global Artificial Kidney Market: Dynamics
Rising number of patients suffering from kidney associated diseases across the globe and less/minimum availability of kidney donors are major factors expected to drive growth of the global artificial kidney market. In addition, rising disposable income, increasing speeding capacity, and increasing number of kidney transplant surgeries, owing to availability of advanced healthcare facilities are some other factors expected to further boost growth of the global market.
Moreover, government emphasis on developing healthcare infrastructure, coupled with favorable reimbursement policies is resulting in patient’s preference towards artificial kidney is another factor expected to further expected to support growth of the market to certain extent.
However, high cost of products is a major factor expected to hamper growth of the global artificial kidney market. In addition, non-favorable regulatory framework in developing countries is expected to limit adoption of the product, which is expected to challenge growth of the target market.
Increasing investment by major players for technological advancements and R&D activities for development of cost-effective product are factors expected to create new opportunities in terms of revenue for players operating in the target market over the forecast period.
Global Artificial Kidney Market: Segment
Among the device type segments, the implantable artificial kidney segment is expected to dominate in the target market over the forecast period.
Among the end user segments, the hospital segment is expected to dominate in the target market over the forecast period.
Global Artificial Kidney Market: Region
The market in North America is expected to dominate in the global artificial kidney market and is expected to continue its dominance over the forecast period. This dominance can be attributed to increasing number of patient suffering from kidney associated disease, coupled with availability of advanced healthcare facilities and presence of major players operating in the countries in this region. In addition, increasing merger and acquisition activities between regional and international players is expected to further support growth of the target market in this region.
The market in Asia pacific is expected to witness faster growth, owing to increasing government expenditure on development to healthcare infrastructure and presence of prominent players operating in the emerging economies in this region.
Global Artificial Kidney Market: Segmentation
Segmentation by device type
- Wearable Artificial Kidney
- Implantable Artificial Kidney
Segmentation by end user
- Specialty Clinics
- Ambulatory Surgical Centers
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2020 Estimated Year 2021 Forecast Period 2021–2030 Revenue in US$
- Kawasumi Laboratories, Inc.
- Fresenius SE & Co. KGaA
- Baxter International Inc.
- Asahi Kasei Medical Vo., Ltd.
- Xcorporeal Inc.
- Medtronic Inc.
- DaVita Inc.
- Merit Medical Systems, Inc.
- NIPRO Medical Corporation
- Nikkiso Co. Ltd.
- Braun Melsungen AG
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