Market Overview:
The global wearable artificial kidney market is expected to grow at a CAGR of XX% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing prevalence of end-stage renal disease (ESRD) and acute renal disease (ARD), and the growing demand for minimally invasive treatments. By type, the global wearable artificial kidney market is segmented into end-stage renal disease and acute renal disease. By application, the global wearable artificial kidney market is segmented into medical and biological applications. The medical application segment dominates the global wearable artificial kidney market, owing to rising demand for minimally invasive treatments across regions. Geographically, North America dominates the global wearable artificial kidney market followed by Europe and Asia Pacific respectively.
Product Definition:
A wearable artificial kidney, also called a wearable dialysis machine, is a medical device that performs the function of the kidneys in people with renal failure. It is a small, portable device that can be worn like a backpack. The wearable artificial kidney removes wastes and fluids from the blood using dialysis and returns clean blood to the body.
End-Stage Renal Disease:
End-stage renal disease (ESRD) is a term used for patients with kidney failure who are at the last stages of life. The average survival rate for ESRD patients has been increasing over the years owing to technological advancements and better clinical outcomes. Currently, there is no permanent cure for renal failure; however, treatment options such as dialysis or transplantation can improve quality of life significantly.
Acute Renal Disease:
Acute renal failure is a medical condition in which the kidney’s ability to function is reduced, usually due to severe infection or injury. It may also occur as a result of drugs, such as diuretics (water pills), angiotensin-converting enzyme inhibitors (ACE inhibitors) and non-steroidal anti-inflammatory drugs (NSAIDs). ACE inhibitors are used for the treatment of hypertension and heart disease; NSAIDs are used for pain management and fever.
Application Insights:
The medical segment dominated the global wearable artificial kidney market in 2017 and is expected to maintain its dominance over the forecast period. The growing geriatric population, coupled with increasing cases of chronic diseases such as diabetes and hypertension, are anticipated to be major driving factors for this segment. In addition, a rise in cardiovascular diseases has led to an increase in demand for dialysis machines across various regions.
The biological segment is expected register significant growth over the forecast period owing to an increase in transplantation procedures involving artificial kidneys. Increasing awareness about these devices among surgeons and patients is also likely to boost demand over the coming years. For instance, according to data published by Urology Care Foundation (2017), more than 200,000 people suffer from acute kidney failure every year; however, only 15% of them get transplanted annually due largely lack of awareness about available treatments options among patients suffering from acute renal failure as well as a small number of available donor kidneys annually.
Regional Analysis:
North America dominated the global wearable artificial kidney market in 2017. The presence of a large number of key players, favorable government initiatives, and increasing healthcare expenditure are some factors contributing to the growth of this market in North America. In addition, growing awareness about chronic kidney diseases is expected to drive demand for these devices over the forecast period.
Asia Pacific is anticipated to witness lucrative growth over the forecast period owing to rising incidences of CKD coupled with improving healthcare infrastructure and economic development in emerging countries such as China and India.
Growth Factors:
- Increasing prevalence of kidney diseases: The global prevalence of chronic kidney disease is expected to increase from 9% in 2010 to 14% by 2030. This will create a large pool of patients who will require dialysis or a wearable artificial kidney for treatment, thereby driving the demand for wearable artificial kidneys.
- Technological advancements: Wearable artificial kidneys are becoming more sophisticated and efficient with each passing year, due to technological advancements. This is resulting in increased adoption of these devices, thereby driving the market growth.
- Growing awareness about benefits of wearable artificial kidneys: There is growing awareness among patients and healthcare professionals about the benefits of using wearable artificial kidneys over traditional dialysis methods. This is helping to drive market growth as more people adopt these devices for treatment purposes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Wearable Artificial Kidney Market Research Report
By Type
End-Stage Renal Disease, Acute Renal Disease
By Application
Medical, Biological
By Companies
Blood Purification Technologies Inc., AWAK Technologies, Dutch Kidney Foundation
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
122
Number of Tables & Figures
86
Customization Available
Yes, the report can be customized as per your need.
Global Wearable Artificial Kidney Market Report Segments:
The global Wearable Artificial Kidney market is segmented on the basis of:
Types
End-Stage Renal Disease, Acute Renal Disease
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Biological
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Blood Purification Technologies Inc.
- AWAK Technologies
- Dutch Kidney Foundation
Highlights of The Wearable Artificial Kidney Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- End-Stage Renal Disease
- Acute Renal Disease
- By Application:
- Medical
- Biological
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Wearable Artificial Kidney Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Wearable artificial kidneys are medical devices that help people with kidney failure by filtering their blood.
Some of the major players in the wearable artificial kidney market are Blood Purification Technologies Inc., AWAK Technologies, Dutch Kidney Foundation.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Wearable Artificial Kidney Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Wearable Artificial Kidney Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Wearable Artificial Kidney Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Wearable Artificial Kidney Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Wearable Artificial Kidney Market Size & Forecast, 2020-2028
4.5.1 Wearable Artificial Kidney Market Size and Y-o-Y Growth
4.5.2 Wearable Artificial Kidney Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 End-Stage Renal Disease
5.2.2 Acute Renal Disease
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Biological
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Wearable Artificial Kidney Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Wearable Artificial Kidney Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 End-Stage Renal Disease
9.6.2 Acute Renal Disease
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Biological
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 End-Stage Renal Disease
10.6.2 Acute Renal Disease
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Biological
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 End-Stage Renal Disease
11.6.2 Acute Renal Disease
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Biological
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 End-Stage Renal Disease
12.6.2 Acute Renal Disease
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Biological
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 End-Stage Renal Disease
13.6.2 Acute Renal Disease
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Biological
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Wearable Artificial Kidney Market: Competitive Dashboard
14.2 Global Wearable Artificial Kidney Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Blood Purification Technologies Inc.
14.3.2 AWAK Technologies
14.3.3 Dutch Kidney Foundation
