27-Feb-2020 | Facts and Factors
Findings from Facts and Factors report “Wearable Artificial Kidney Market By Patient Type (End-Stage Renal Disease (ESRD) & Acute Renal Diseases, By End-User (Hospitals, Ambulatory Surgical Centers, Dialysis Centers, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026” states that the global wearable artificial kidney market in 2020 was approximately USD 67 Million. The market is expected to grow at a CAGR of 85.9% and is anticipated to reach around USD 7,892.73 Million by 2026.
Wearable artificial kidney refers to a transportable medical device that permits patients to experience the advantages of dialysis at home when carrying out their daily work. Wearable artificial kidney improves the lives of end-stage renal disease patients owing to their ability to eliminate stay in the hospital and it helps to improve the physiological aspects by reducing hypertension. These devices are also used in order to minimize sodium retention.
Browse the full “Wearable Artificial Kidney Market By Patient Type (End-Stage Renal Disease (ESRD) & Acute Renal Diseases, By End-User (Hospitals, Ambulatory Surgical Centers, Dialysis Centers, & Others), And By Regions - Global & Regional Industry Perspective, Comprehensive Analysis, and Forecast 2021 – 2026" report at https://www.fnfresearch.com/wearable-artificial-kidney-market-report
A growing number of cases of renal failure, coupled with technological advancements in the field of artificial kidney are major factors driving the growth of the target market. In addition to this increasing disposable income as well as growing old age population are major factors expected to create huge demand for the artificial kidney and in turn, are anticipated to propel the growth of the target market in the near future. For instance, according to the data published by World Health Organization in 2018, by 2050, the old age population across the globe is predictable to a total of 2 billion, up from 900 million in the year 2015. Additionally, growing awareness regarding health is another factor to propel target market growth over the forecast period. However, high costs associated with the development of this kidney are a key factor expected to hamper the growth of the target market in the near future.
The wearable artificial kidney market is segmented based on the indication. On the basis of indication segmentation, the market is classified into acute renal disease and end-stage renal disease. The End-Stage Renal Diseasesegment is expected to dominate over the forecast period and accounted for the highest share in the target market, 2018.
Based upon the region the global market has been categorized as North America, Europe, Latin America, Asia Pacific, and the Middle East and Africa. North America is expected to dominate in the global market in terms of revenue as compared to that of markets in other regions during the forecast period 2019-2026. This is attributed to the increased adoption rate of advanced technology in the countries of the region. Increasing government funding for R&D activities has also fueled more market growth in those areas.
Top Market Players
The key market participants for the global wearable artificial kidney market are Blood Purification Technologies, Inc., AWAK Technologies, Dutch Kidney Foundation, International Renal Research Institute of Vicenza, San Bortolo Hospital, Nanodialysis B.V., Kawasumi Laboratories, Inc., Triomed AB, and Asahi Kasei Medical V.O Ltd., among others.
This report segments the wearable artificial kidney market as follows:
Global Wearable Artificial Kidney Market: By Patient Type Segment Analysis
- End-Stage Renal Disease (ESRD)
- Acute Renal Diseases
Global Wearable Artificial Kidney Market: By End-User Segment Analysis
- Ambulatory Surgical Centers
- Dialysis Centers
Global Wearable Artificial Kidney Market: Regional Segmentation Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- South-East Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- The Middle-East and Africa
- GCC Countries
- South Africa
- Rest of Middle-East Africa
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