Medical Devices & Consumables / Artificial Kidney Market - Global Growth, Trends And Forecast (2022 - 2027) By Types, By Application, By Regions And By Key Players: Kawasumi Laboratories, Inc, Nikkiso, Fresenius, Asahi Kasei Medical Vo., Ltd.
Artificial Kidney Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: Kawasumi Laboratories, Inc, Nikkiso, Fresenius, Asahi Kasei Medical Vo., Ltd.
The global Artificial Kidney market size is expected to grow at US$16,630.08 million in 2027 at a compound annual growth rate (CAGR) of 50.2%.
Artificial Kidney Market Overview
An artificial kidney is a medical gadget that can provide dialysis help at any time. Since the past ten years, research and development have been ongoing with the goal of improving the dialysis procedure. The kidneys are unable to filter and remove fluids and blood wastes when the disease has reached its latter stages. Dialysis is required for those with end-stage renal disease. Dialysis can remove and filter fluids and metabolic wastes, but it cannot restore kidney functions like homeostasis, endocrine function, and metabolism regulation. The artificial kidney function promotes a secure and healthy way of life for the human body. There has been a demand for minimally invasive ways to perform dialysis. With this artificial bionic kidney, fewer hospital stays are required for dialysis.
Growing research & development for dialysis process improvement, increasing frequency of kidney illnesses, and poor availability of kidney donors are the primary factors impacting the artificial kidney market growth. Renal failure patients are becoming more prevalent, which is accelerating market expansion. Furthermore, the easy availability of improved healthcare facilities, changes in expanding disposable income, improving processing capacity, an increasing number of kidney transplant procedures, and an increase in the geriatric population are some of the other factors driving the artificial kidney market growth. Government efforts to improve healthcare infrastructure are becoming more and more important, and advantageous reimbursement policies encourage people to choose artificial kidney implants, which drives up market growth.
Artificial Kidney Market Growth Drivers:
Artificial Kidneys are increasingly being used in the healthcare industry.
The number of government initiatives is increasing.
Technological advancements
Increasing public acceptance
Industry News and Updates:
May 26, 2022: Medtronic and DaVita announce new kidney health technology company --
Medtronic plc(opens new window) (NYSE:MDT) and DaVita Inc.(opens new window) (NYSE:DVA) today announced the intent to form a new, independent kidney care-focused medical device company ("NewCo" or "the Company") to enhance the patient treatment experience and improve overall outcomes.
What are the major Applications, Types and Regions for Artificial Kidney Market?
Market is segmented based on the type, applications, companies and regions.
By Type, it is segmented into
Wearable Artificial Kidney
Implantable Artificial Kidney
By Application, it is segmented into
Adults
Pediatrics
Artificial Kidney Market Regional Analysis
America has the biggest market share due to the presence of a large patient population with renal disease, rising research and development by various public and commercial institutions, and the presence of a significant number of medical device businesses. Europe is anticipated to have the second-largest market share due to the increasing use of cutting-edge technical devices, expanding desire for minimally invasive procedures, and raising standards for the treatment of chronic renal disease. Stages 3 to 5 of chronic renal disease affect more than 22% of adult populations in the European region. Since growing nations like China, India, and others have large populations, the region in the Asia-Pacific is anticipated to grow at the quickest rate. Each year, more than 100,000 Indians who are receiving dialysis or a kidney transplant are diagnosed with end-stage kidney disease.
North America
US
Canada
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Rest of the World
Middle East & Africa
Latin America
The Artificial Kidney Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type and segment. It focuses extensively on revealing a detailed regional analysis. The Global Artificial Kidney Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
What is our Artificial Kidney Market report scope?
Report Attributes
Report Details
Forecast Period 2022 to 2027 CAGR
CAGR of 50.2% over the forecast period (2022-2027)
By Type
Wearable Artificial Kidney
Implantable Artificial Kidney
By Application
Adults
Pediatrics
By Companies
Kawasumi Laboratories, Inc, Nikkiso, Fresenius, Asahi Kasei Medical Vo., Ltd, Xcorporeal, Baxter, Merit Medical Systems, Medtronic, NIPRO Medical Corporation, DaVita, B. Braun Melsungen AG, Blood Purification Technologies Inc., AWAK Technologies Pte. Ltd, Triomed AB
Regions Covered
North America
Europe
Asia-Pacific
Rest of the World
Countries Covered
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa
Latin America
Base Year
2022
Historical Year
2017 to 2021
Forecast Year
2022 to 2027
Number of Pages
117
Customization Available
Yes, the report can be customized as per your needs
Key Takeaways from this Artificial Kidney Market Report
Evaluate Artificial Kidney market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
Understand the different dynamics influencing the market - growth driving factors, specific challenges and hidden opportunities.
Get in-depth insights on your competitor performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis and more.
Analyze the sales and distribution channels across geographies to enhance top-line revenues.
Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.
Get a quick outlook on the Artificial Kidney market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
Evaluate the import-export statistics, supply-demand and competitive landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Artificial Kidney Market?
The Artificial Kidney Market is growing at a CAGR of 50.2% over the next 5 years.
Who are the key players in Artificial Kidney Market?
Kawasumi Laboratories, Inc, Nikkiso, Fresenius, Asahi Kasei Medical Vo., Ltd, Xcorporeal, Baxter, Merit Medical Systems, Medtronic, NIPRO Medical Corporation, DaVita, B. Braun Melsungen AG, Blood Purification Technologies Inc., AWAK Technologies Pte. Ltd, Triomed AB
What are the significant types of Artificial Kidney Market?
What are the major end-use applications of Artificial Kidney Market?
Adults, Pediatrics
All our reports are custom made to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report as your needs.
SECONDARY RESEARCH Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.