The Artificial Kidney Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Artificial Kidney Global Market Report 2024, The artificial kidney market size has grown rapidly in recent years. It will grow from $9.22 billion in 2023 to $10.48 billion in 2024 at a compound annual growth rate (CAGR) of 13.7%. The growth in the historic period can be attributed to increased prevalence of chronic kidney diseases (ckd), limited availability of donor organs, advancements in renal replacement therapies, improving quality of life for end-stage renal disease (esrd) patients, increased aging population..
The artificial kidney market size is expected to see rapid growth in the next few years. It will grow to $16.74 billion in 2028 at a compound annual growth rate (CAGR) of 12.4%. The growth in the forecast period can be attributed to rising healthcare investments and initiatives, patient preference for home-based therapies, global efforts to reduce dialysis dependency.. Major trends in the forecast period include integration of sensors and monitoring devices, telehealth integration, focus on biocompatibility and immunogenicity, regulatory framework development, global collaborations and research consortia..
The rapid increase in chronic kidney cases is expected to propel the growth of the artificial kidney market going forward. Chronic kidney disease is a long-term condition in which the kidneys gradually lose their function over time. Artificial kidneys are primarily used for chronic kidney disease treatment as they remove waste products and toxins from the body and lead to fluid retention, maintaining the proper balance of electrolytes. For instance, in June 2023, according to Kidney Research UK, a UK-based charitable organization that conducts research and advocacy efforts to improve understanding, prevention, and treatment of kidney diseases, an estimated 7.19 million people in the UK were affected by chronic kidney disease in 2023, representing more than 10% of the UK population and projected to increase to 7.61 million people by 2033 . Therefore, the increasing number of cases of chronic kidney diseases drives the artificial kidney market.
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The artificial kidney market covered in this report is segmented –
1) By Product Type: Wearable Artificial Kidney, Implantable Artificial Kidney
2) By Dialysis: Hemodialysis, Peritoneal Dialysis, Combination
3) By End-User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Other End-User
Technological advancements are a key trend gaining popularity in the artificial kidney market. Major companies operating in the artificial kidney market are introducing innovative products to sustain their position in the market. For instance, in July 2022, NephroPlus, an India-based dialysis network, launched the Renova, a fully automated dialyzer reprocessing system with inbuilt cloud storage. Renova is a device that is cloud-connected. Biomedical Engineers can troubleshoot and resolve difficulties remotely by leveraging the power of the internet cloud. They can log in to the machine using the Renova app to check its status, including observing the operation of each valve in the device during its operations to determine what is wrong. After determining the source of the problem, they can decide if a part needs to be replaced or a configuration parameter needs to be altered. Dialyzer is an artificial kidney that helps to reduce the risk of infection, improve the quality of dialysis treatment, and helps to remove toxins and waste products from the blood that the kidneys can no longer clear.
The artificial kidney market report table of contents includes:
1. Executive Summary
2.Artificial Kidney Market Characteristics
3.Artificial Kidney Market Trends And Strategies
4.Artificial Kidney Market analysis
5.Artificial Kidney Market Size And Growth
6. Artificial Kidney Segmentation
7. Artificial Kidney Regional And Country Analysis
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27.Artificial Kidney Competitive Landscape And Company Profiles
28. Artificial Kidney Key Mergers And Acquisitions
29. Artificial Kidney Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Fresenius SE And Co. KGaA
- Medtronic Plc.
- Asahi Kasei Medical Co. Ltd.
- Toray Industries Inc.
- Baxter International Inc.
- DaVita Inc.
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