Artificial Kidney Market Size, Analysis, Revenue Share, Company Profiles, Launches, & Forecast Till 2030
During the forecast period (2019-2025), the global artificial kidney market size is estimated to account for USD 2,795.01 Million and will grow at a significant CAGR of 95.54%.
The global
artificial kidney market is expected to grow at a rapid pace. The increasing
research and development for enhancement of the dialysis process, rise in cases
of chronic kidney diseases, and low availability of kidney donors are some of
the factors influencing the growth of the market. However, issues with the size
of artificial kidney and engineering problems associated with the devices are
expected to hamper the growth of the market.
The rise in
awareness about renal failure diseases and changing lifestyle is expected to
drive the market growth. One in three Americans is at risk for developing
kidney disease due to rapidly rising rates of diabetes and high blood pressure.
Moreover, the National Institutes of Health (NIH), declared March as National
Kidney Month to raise awareness about chronic kidney diseases. The rise in
awareness about chronic kidney diseases through campaign launches to opt for
ambulatory dialysis will further increase the demand for the artificial kidney.
Regional
Analysis
On a
regional basis, the market has been segmented into four major regions,
including the Americas, Europe, Asia-Pacific, and Middle East & Africa.
Americas
are anticipated to dominate the global artificial kidney market owing to the
presence of major players, rising research & development by private &
public organizations, and rise in the number of cases of chronic kidney
diseases. Europe is expected to account for the second-largest market in the
global artificial kidney market owing to the rise in technological advancement
in the field of medicine & technology and the growing geriatric population.
Furthermore, Asia-Pacific expected to be the fastest-growing segment owing to a
rise in the prevalence of renal failure cases, a rise in disposable income,
increasing investment by government bodies, and rising opportunities for major
players to invest in the region. The Middle East & Africa accounted for the
least market share. However, untapped markets and a rise in awareness among
patients about the advantages of artificial kidney would provide growth opportunities
in the coming years.
Segmentation
The Global
Artificial Kidney Market has been segmented into Type and Dialysis.
By type,
the market has been segmented into the wearable
artificial kidney and implantable artificial
kidney. The wearable artificial kidney is expected to hold the largest market
share owing to the increasing number of patients suffering from renal failure
and the technical advantages of artificial organs.
On the
basis of dialysis, the global artificial kidney market is bifurcated into
hemodialysis, peritoneal dialysis, and combination. The hemodialysis segment
accounted for the largest market share owing to the rise in the number of
hemodialysis procedures.
Key
Players
Some of the
key players in the global artificial kidney market are Kawasumi Laboratories, Inc. (Japan), Blood
Purification Technologies Inc., AWAK Technologies Pte.Ltd.(Singapore), Triomed
AB. (Sweden), Asahi Kasei Medical Vo., Ltd, and others.
Browse
Detailed TOC with COVID-19 Impact Analysis at: https://www.marketresearchfuture.com/reports/artificial-kidney-market-8747
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