Registering a CAGR of 6.6% over the forecast period of 2022-2027, the global portable and wearable dialysis device market is anticipated to reach the market value of US$ 297 million in the year 2027 from US$ 189.5 million in the year 2021.
The growth of the portable and wearable dialysis devices market is attributed to the increasing prevalence of ESRD and chronic kidney conditions. Other, increasing awareness and adoption of wearable dialysis devices and an aging population is also projected to drive the market growth during the forecast period. an increasing number of technological advancements in dialysis devices to deal with chronic kidney conditions are also anticipated to accelerate the market growth. Patients on dialysis have to adjust their lifestyle and routine to the schedule of the therapy. Therefore, research is underway to develop a wearable artificial kidney that would help individuals remove wastes and fluids through more frequent, prolonged, or continuous dialysis sessions on the go without interrupting their daily activities.
Kidney transplantation is the best treatment for most patients with ESRD, but only insufficient are able to reap the benefit due to the shortage of donor organs. For instance, as per National Kidney Foundation Inc., in 2017, 746,557 Americans had kidney failure and required dialysis or a kidney transplant to survive. Nearly 500,000 of these patients received dialysis at least three times per week. America remained the largest consumption place, which is followed by Europe in the second place with a share of 27%. B. Braun, Baxter, and Fresenius are the key players in the market.
Top Key Players in the Portable and Wearable Dialysis Devices Market have been identified through secondary research, and their market shares have been determined through primary and secondary research. The global Portable and Wearable Dialysis Devices Market is fragmented with a large number of small players operating worldwide. The companies referred to in the market research report include Baxter, Fresenius Medical Care, B. Braun Melsungen AG, Blue Sail, and Quanta Dialysis technologies. Braun Melsungen AG, Baxter International Inc, AllMed Healthcare Management, Inc, Asahi Kasei Corporation, Fresenius Kabi AG, AWAK Technologies, Quanta Dialysis Technologies Ltd, Medtronic, Nipro Corporation, TORAY MEDICAL CO, LTD., Trivitron and others.
Recent Development
Baxter Announces U.S. FDA 510(K) Clearance of AK 98 Hemodialysis Machine
Baxter International Inc. (NYSE: BAX), a global innovator in renal care, today announced the U.S. Food and Drug Administration (FDA) clearance of its next-generation Artificial Kidney 98 (AK 98) dialysis machine, which is designed to be a portable and easy-to-use system to administer hemodialysis (HD) treatments. AK 98 offers encrypted, two-way connectivity, which enables the system to pull prescriptions directly from the electronic medical record (EMR) for simplified workflow and data handling
JAN 2021 - Quanta Dialysis Technologies is bringing its small, lightweight blood purification system to the U.S., following its commercial launch in the U.K. last year and clinical pilots with the country’s National Health Service. With a new FDA clearance in hand, the British company plans to roll out its portable SC+ hemodialysis machine to a variety of care settings on the other side of the pond.
By Type, the Portable and Wearable Dialysis Devices Market has been segmented into
By Applications, the Portable and Wearable Dialysis Devices Market has been segmented into
By End-User, Portable and Wearable Dialysis Devices Market has been segmented into
Portable and Wearable Dialysis Devices Market Regional Analysis:
This report studies the global Portable and Wearable Dialysis Devices market status and forecasts to categorize the global Portable and Wearable Dialysis Devices market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia, India, and Other regions (the Middle East & Africa, Central & South America).
The Europe portable and wearable dialysis devices market landscape and identify market segments that are most likely to guarantee a strong return to stay ahead in comprehending the ever-changing competitive landscape of the Europe portable and wearable dialysis devices market
Report Attributes | Report Details |
Forecast Period 2022 to 2028 CAGR | CAGR of 6.6 % during the review period (2022 to 2027). |
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By Application |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 93 |
Customization Available | Yes, the report can be customized as per your needs |
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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
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