Wearable Artificial Kidney Market Size, Share Global Analysis Report, 2021 – 2026

Industry Insights

[197+ Pages Report] According to the latest report titled “Global Wearable Artificial Kidney Market” published by Facts & Factors, the latest study offers a detailed and comprehensive market overview. The global wearable artificial kidney market witnessed a significant market value of USD 67 Million in the year 2020 growing at a CAGR value of 85.9% to a projected value of USD 7,892.73 Million in the year 2026.

Market Overview

Wearable artificial kidneys are devices pertaining to the medical sector that is capable of filtering incoming blood devoid of toxins along with excessive sugar and salts with the help of an in-built hemofilter. A bioreactor that is present in the device often processes and regulates the salts and sugars and injects them back into the outgoing bloodstream that is sent back to the body. Additionally, the latest generation of wearable artificial kidney devices can integrate water absorbents and concentrated filtrate that are carrying metabolic wastes that can aggregate urinary infections.

Industry Growth Factors

The global wearable artificial kidney market is expected to register a higher market growth from its previous iteration due to contributing factors such as the increasing number of patients suffering from renal-based failures coupled with the ongoing plethora of technological advancements to name a few. Additionally, integration of advanced factors such as sodium retention measures reducing risks of stroke and vascular disease coupled with decreased hospital visits owing to effective usage to increase the footprint of the global wearable artificial kidney market during the advent of the forecast period. Moreover, the increasing number of chronic kidney diseases (CKD) coupled with the rising geriatric population will boost the growth of the global wearable artificial kidney market during the advent of the forecast duration.

The global wearable artificial kidney market is driven by increasing awareness about renal failure diseases, rising unhealthy lifestyles, and increasing health awareness to name a few. Furthermore, the increased campaigns dedicated to increasing awareness coupled with innovations in the sector will fuel the growth of the global wearable artificial kidney market during the advent of the forecast period. However, a higher cost of installation and rising technological complicities will decrease the growth of the global wearable artificial kidney market to a certain extent.

Segmentation Analysis

The global wearable artificial kidney market is segmented into patient type, end-user, and regions.

On the basis of patient type, the global wearable artificial kidney market is bifurcated into end-stage renal disease and acute renal disease. The end-stage renal disease (ESRD) segment is expected to witness the fastest growing market share during the advent of the forecast period owing to the rising number of patients suffering from renal failures coupled with the increasing prevalence of diabetes to name a few. Factors such as the rising number of patients suffering from ESRD-based disorders coupled with the rising number of patients suffering from blood pressure and hypertension will cement the dominant market share during the advent of the forecast period. On the basis of end-user, the global wearable artificial kidney market is divided into hospitals, ambulatory surgical centers, dialysis centers, and others. The segment pertaining to hospitals is expected to witness the largest market share during the advent of the forecast period owing to rising healthcare infrastructure coupled with favorable reimbursement policies to name a few. Moreover, the rising number of hospital-based visits coupled with the increasing availability of devices will foster a dominant market share during the advent of the forecast period.

Report Scope

Regional Analysis

North America is expected to witness the fastest growth during the advent of the forecast period owing to rising healthcare spending coupled with the rising number of government-based initiatives to name a few. Additionally, an increasing number of campaigns pertaining to CKD-based disorders coupled with the presence of a well-established healthcare facility will increase the footprint of the wearable artificial kidney market during the advent of the forecast duration. Moreover, the rising number of key market players in the region coupled with rising technological advancements will fuel the growth of the wearable artificial kidney market during the advent of the forecast period. A higher target population pertaining to the rising number of diabetes and hypertension-based disorders coupled with favorable reimbursement policies will push the existing boundaries of the wearable artificial kidney market during the advent of the forecast period.

Competitive Players

The key market participants for the global wearable artificial kidney market are

• Blood Purification Technologies Inc.
• AWAK Technologies
• Dutch Kidney Foundation
• International Renal Research Institute of Vicenza
• San Bortolo Hospital
• Nanodialysis B.V.
• Kawasumi Laboratories Inc.
• Triomed AB
• Asahi Kasei Medical V.O Ltd.

By Patient Type Segment Analysis

• End-Stage Renal Disease (ESRD)
• Acute Renal Diseases

By End-User Segment Analysis

• Hospitals
• Ambulatory Surgical Centers
• Dialysis Centers
• Others

By Regional Segment Analysis

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • France
  • Germany
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East and Africa
  • GCC Countries
  • South Africa
  • Rest of MEA