Artificial Kidney Market Research Report - Forecast till 2030

Artificial Kidney Market Research Report: By Type (Wearable Artificial Kidney, Implantable Artificial Kidney) and Dialysis (Hemodialysis, Peritoneal Dialysis, Combination) - Forecast till 2030

ID: MRFR/HC/7275-HCR | February 2023 | Region: Global | 150 Pages         

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Artificial Kidney Market Overview


During the forecast period (2020-2030), the global artificial kidney market size is estimated to account for USD 5477.32 Million and will grow at a significant CAGR of 60.33%.


An artificial kidney is a medical device that allows the assistance of dialysis at any time. To enhance the dialysis process, there have been continuous research and development activities from the past decade. At the end-stage of kidney disease, it is unable to perform its functions like filtering and removing blood wastes and other fluids. People suffering from end-stage kidney disease need dialysis treatment.  Dialysis can eliminate and filter the fluids and metabolic wastes, but cannot compensate for the lost kidney functions like endocrine function, homeostasis, and regulating metabolism. The artificial kidney function helps the human body to live safely and healthily. To perform dialysis, there has been a demand for minimally invasive procedures. This artificial bionic kidney reduces the hospital visits for performing dialysis.


According to the National Kidney Foundation, nearly 100,000 patients are on the waiting list for a kidney donor and over 3,000 new patients have been added to this list annually.


Covid-19 Analysis of Artificial Kidney Market


Due to the COVID-19 pandemic spread all over the world, most of the industries across the globe are severely impacted. To curb the spread of the virus, the government authorities enforced lockdowns and other few restrictions to maintain social distance. This leads to significant disruptions to manufacturing and supply chain operations.


The global artificial kidney market is also drastically impacted by this pandemic. Due to the COVID-19 outbreak, most of the individual’s economic status was declined and thus they are reducing the non-essential expenses from their budgets. Hence, the consumer demand is also reduced towards this market and the growth of the market is also reduced. However, the government authorities are lifting the lockdowns and other restrictions, the growth of the market is rapidly increasing and expected to recover its growth rate.


Market Dynamics:


Drivers:


Growing research and development for the improvement of the dialysis process, increasing incidence of kidney diseases, low availability of kidney donors are the major factors influencing the artificial kidney market growth. A growing number of patients suffering from renal failure is also boosting the market growth.


Moreover, easy availability of advanced healthcare facilities, changes in growing disposable income, growing speeding capacity, an increasing number of kidney transplant surgeries, and an increase in the geriatric population are some other factors accelerating the artificial kidney market growth. Increasing government emphasis on developing healthcare infrastructure, related to favorable reimbursement policies, leads to prefer the artificial kidney implant which escalates the market growth.


Restraint:


The artificial kidney costs are very high which may restrict the artificial kidney market growth.


Opportunities:


The rising demand for advanced technology devices is propelling the market growth. Growing awareness among the people regarding renal failure diseases and changing lifestyles is influencing the growth of artificial kidney development. Increasing the investment for the artificial kidney research and development of advanced technologies by the prominent key players and R & D activities for the development of cost-effective products are expanding the artificial kidney industry and provides the growth opportunity to boost the market growth in the assessment period.


Challenges:


The non-favorable regulatory framework in developing countries is challenging the artificial kidney machine. The size of the artificial kidney is large and immobile and a few engineering problems associated with the devices are some of the challenging factors of the global market.


Study Objectives



  • To provide detailed information about the market structure along with various forecast segments and subsegments for the next 10 years.

  • To provide the factors that are affecting the growth of the market value.

  • To analyze the artificial kidney market industry analysis based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the market revenue for the main geographies.

  • To provide the country-level analysis of the current market size and future prospective.

  • To provide country-level analysis of the market industry growth by region, form, and application.

  • To provide a strategic profile of the prominent key players in the market, analyze their core competencies, and draw a global artificial kidney market growth landscape.

  • To track and analyze new product developments, strategic alliances, and global artificial kidney market research.


Segment Overview:

The global artificial kidney market has been divided into segments based on type, dialysis, and region.


Based on Type


The global artificial kidney market based on the type is classified into two types as the wearable artificial kidney and implantable artificial kidney. Out of these two types, a wearable artificial kidney is holding the maximum (100%) market share because the other type of implantable artificial kidney is under clinical trials. Implantable artificial kidneys are going on clinical trials in humans and are expected to receive FDA approval by the end of the review period. The implantable artificial kidney type segment is expected to grow at the fastest CAGR after the approval of the FDA.


Based on Dialysis


The global artificial kidney market based on dialysis is bifurcated into two types as hemodialysis and peritoneal dialysis. Due to a large number of hemodialysis procedures, hemodialysis is accounting for the largest market share during the forecast period. Annually, more than 60 % of prevalent ESRD cases prefer hemodialysis therapy in the US and more than 80% of patients in Europe. Peritoneal dialysis is predicted to hold the second-largest market share


Based on Region


Regionally, the global artificial kidney market is divided into four main geographies like Asia-Pacific, Europe, America, and the Middle East & Africa. Among these regions,  America is dominating the largest market share in 2018 and is expected to continue its demand in the forecast period due to the presence of a large number of medical device companies, growing research and development of public and private organizations.


Regional Analysis


Geographically, the global artificial kidney market is categorized into Europe, Asia-Pacific, America, and the Middle East & Africa. Out of these regions, America is holding the largest market share due to the presence of a large patient population related to kidney disease, growing research and development by various public and private organizations, and the presence of a large number of medical device companies.


Due to the growing utilization of the latest technological devices, rising demand for non-invasive procedures, increasing the standards for the treatment of chronic kidney disease, Europe is projected to hold the second-largest market share. The prevalence of chronic kidney disease stage 3 to 5 in few adult populations is more than 22% in the European region. Asia-Pacific is expected to grow at the fastest rate due to the high population in emerging countries like China, India, and others. In India, more than 100,000 people are diagnosing with End-stage kidney disease per year who are on dialysis or transplantation.


Competitive Landscape


The prominent key players in the artificial kidney market outlook are the following:



  • Kawasumi Laboratories, Inc

  • Blood Purification Technologies Inc.

  • AWAK Technologies Pte. Ltd

  • Triomed AB


  • Asahi Kasei Medical Vo., Ltd 


Recent Developments



  • In August 2018, one of the oldest, largest, and fully independent kidney patients organizations, the American Association of Kidney Patients (AAKP) declared few plans to join patient research efforts for The Kidney Project. For the treatment of End-stage Renal Disease (ESRD), this kidney project is an initiative for the development of a free-standing bioartificial kidney.

  • In September 2019, the US Kidney Research Corporation introduced the latest technology for purifying the patient’s blood of End-Stage Renal Disease (ESRD). This technology is used for developing miniaturized implantable artificial kidneys and wearable artificial kidneys and also can provide real-time data.

  • A highly-populated Singapore-based key player, AWAK Technologies is involved in the development of the artificial kidney market. In December 2019, AWAK invested USD 40 million for the development of their wearable peritoneal dialysis device which has received the breakthrough designation from the FDA.


Report Overview:


This global artificial kidney market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market scenario includes the artificial kidney market drivers, restraints, challenges, and opportunities. The artificial kidney global market forecast segments are type, dialysis, and region.


Segmentation Table


The artificial kidney market trends have been segmented globally based on the type, dialysis, and region.


By Type


Wearable artificial kidney and implantable artificial kidney.


By Dialysis


Hemodialysis and peritoneal dialysis.


By Region


Asia-Pacific, Europe, North America, and the rest of the world are the four main geographies included in the artificial kidney market.



Report Scope:

Report Attribute/Metric Details
  Market Size   USD 5477.32 Million
  CAGR   60.33% (2020-2030)
  Base Year   2019
  Forecast Period   2020-2030
  Historical Data   2018
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and Dialysis
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Kawasumi Laboratories, Inc. (Japan), Blood Purification Technologies Inc., AWAK Technologies Pte.Ltd.(Singapore), Triomed AB. (Sweden), Asahi Kasei Medical Vo., Ltd, and others.
  Key Market Opportunities   Increasing demand for technologically advanced devices
  Key Market Drivers

  • Increasing research and development to enhance the dialysis process
  • Growing number of kidney disease
  • Low availability of kidney donor


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    Frequently Asked Questions (FAQ) :

    Global artificial kidney market is estimated to hold a market value of USD 5477.32 million by the end of 2030.

    Global artificial kidney market is estimated to grow at a CAGR of 60.33% by the end of 2030.

    The APAC region is estimated to grow at the fastest rate during the forecast period.

    Global artificial kidney market can be segmented on the basis of type, dialysis, and region.

    Kawasumi Laboratories, Inc, AWAK Technologies Pte. Ltd, Asahi Kasei Medical Vo., Ltd, Blood Purification Technologies Inc., and a few more are some of the eminent players of the global artificial kidney market.