Wearable Artificial Kidney Market Industry Size, Opportunities and Forecast By 2030

Data Bridge Market Research analyses that the global wearable artificial kidney market which was USD 7,183.01 million in 2022, is expected to reach USD 19,907.99 million by 2030, and is expected to undergo a CAGR of 13.5% during the forecast period of 2023 to 2030

An excellent  Wearable Artificial Kidney Marketreport estimates the global Wearable Artificial Kidney Market industry in terms of revenue [USD Million] and quantity [k MT], assessing the market volume in recent years. The report also highlights key controllers and drivers determining market expansions, uncovering the estimate of the market for the predicted time. The report emphasizes emergent trends related to the development possibilities of the market. Moreover, this business research document includes the main product category and industry key segments, as well as the sub-segments of the global Wearable Artificial Kidney Market. The total value sequence of the market is portrayed in the report linked with the analysis of the downstream and upstream constituents of the market.

The Wearable Artificial Kidney Market report is enriched with historic data, current market trends, market environment, technological innovation, upcoming technologies, and technical progress in the related industry. The forecast, analysis, and estimations carried out in this report are based on the finest and well-established tools and techniques, such as SWOT analysis and Porter’s Five Forces analysis. The report also measures market drivers, restraints, challenges, opportunities, and key developments in the market. Competitive intelligence covered in the finest Wearable Artificial Kidney Market report is another crucial aspect that assists businesses in thriving in the market.

In 2019, the Centers for Disease Control and Prevention (CDC), estimated that over 37 million people were affected due to chronic kidney disease. The increasing prevalence of kidney disorders is majorly due to sedentary lifestyle, high consumption of fast food and packaged food with high levels of calcium and other minerals. As per the Global Burden Disease 2015 study, approximately 1.2 million people died due to kidney failure, which denotes a significant 32% rise since 2005. The population majorly affected by kidney disorders belongs to age group above 60 years. A recently published news states that end-stage renal disease is observed in approximately 2 million people and the number of patients detected with kidney-related disorders continues grow at a rate of 5%-7% annually.

Data Bridge Market Research analyses that the global wearable artificial kidney market which was USD 7,183.01 million in 2022, is expected to reach USD 19,907.99 million by 2030, and is expected to undergo a CAGR of 13.5% during the forecast period of 2023 to 2030. “Acute Kidney Disease” dominates the dialysis type segment of the global wearable artificial kidney market owing to the growing demand for better methods for treatment in patients. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Explore Further Details about This Research Wearable Artificial Kidney Market Report https://www.databridgemarketresearch.com/reports/global-wearable-artificial-kidney-market

REPORT METRIC

DETAILS

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customizable to 2015-2020)

Quantitative Units

Revenue in USD Million, Volumes in Units, and Pricing in USD

Segments Covered

Patient Type (End Stage Renal Disease, Acute Kidney Disease), Dialysis Type (Haemodialysis, Peritoneal Dialysis), End-Use (Hospitals, Ambulatory Surgical Centers, Dialysis Centers, Others)

Countries Covered

U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, U.A.E., Egypt, Israel, and Rest of Middle East and Africa

Market Players Covered

Top Glove Corporation Bhd (Malaysia), Supermax Corporation Berhad (Malaysia), Semperit AG Holding (Austria), Medline Industries, Inc (U.S.), Kossan Rubber Industries Bhd (Malaysia), Hartalega Holdings Berhad (Malaysia), Dynarex Corporation (U.S.), Cardinal Health (U.S.), B. Braun Melsungen AG (Germany), ANSELL LTD. (Australia), Asahi Kasei Medical Co., Ltd. (Japan), Triomed AB (Sweden) and KAWASUMI LABORATORIES, INC. (Japan)

Market Opportunities

  • Addressing unmet medical needs
  • Expanding home-based dialysis options

 

Market Definition

Wearable artificial kidney is a type of portable medical device which enables the patients to experience the benefits of dialysis at home while performing their day-to-day work. This device helps in improving the lives of patients suffering from end-stage renal disease as it eliminates hospital stays and also improves physiological aspects by reducing hypertension. It helps in minimizing sodium retention and also minimizes the risk of stroke and vascular diseases and it also costs lesser than other treatments available for renal failure patients.

Global Wearable Artificial Kidney Market Dynamics

Drivers

  • Rising Prevalence of End-Stage Renal Disease (ESRD)

The increasing incidence of ESRD and the limited availability of kidney transplants create a significant demand for alternative treatment options such as wearable artificial kidneys. Addressing the rising prevalence of ESRD requires a comprehensive approach that includes preventive measures, early detection, improved management of underlying conditions, and access to quality healthcare services.

  • Technological Advancements in the Artificial Kidney

Advancements in technology have led to the development of wearable artificial kidneys that are more compact, portable, and user-friendly. These technological improvements make the devices more accessible and appealing to both patients and healthcare providers.

Opportunities

  • Addressing Unmet Medical Needs

There is a significant unmet need for more efficient and convenient treatment options for end-stage renal disease (ESRD) patients. Wearable artificial kidneys have the potential to provide continuous or frequent dialysis treatments, improving patient outcomes and quality of life.

Table of Contents:

  1. Wearable Artificial Kidney Market Overview
  2. Economic Impact on Industry
  3. Competition by Manufacturers
  4. Production, Revenue (Value) by Region
  5. Supply (Production), Consumption, Export, Import by Regions
  6. Production, Revenue (Value), Price Trend by Type
  7. Market by Application
  8. Manufacturing Cost Analysis
  9. Industrial Chain, Sourcing Strategy and Downstream Buyers
  10. Wearable Artificial Kidney Market Strategy Analysis, Distributors/Traders
  11. Wearable Artificial Kidney Market Effect Factors Analysis
  12. Wearable Artificial Kidney Market Forecast
  13. Appendix

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