Global Artificial Kidney Market, By Device Type (Wearable Artificial Kidney, Implantable Artificial Kidney), Dialysis (Hemodialysis, Peritoneal Dialysis, Combination), Application (Adults, Pediatrics), End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others), Country (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, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights of Artificial Kidney Market
Artificial kidney market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to account to USD 2,985.37 million by 2028 and will grow at a CAGR of 12.21% in the above mentioned forecast period.
The increasing number of patients suffering from kidney-related diseases across the globe and less availability of kidney donors is among the important factors that intensify the growth and demand of artificial kidney markets. In addition, rapidly rising number of patients suffering from renal failure is also contributing to rising in the global market. The rapid increase chronic kidney cases is also the key factor in flourishing artificial kidney market trends over the forecast period of 2021 to 2028. Likewise, the increasing research and development for the dialysis process's improvement is also exceedingly influencing the growth of the artificial kidney market. Also the increase in awareness regarding renal failure diseases and changing lifestyle is also fueling the target market's growth.
Some other major drivers expected to fuel this market's growth are the change in rising disposable income, increasing speeding capacity, growing number of kidney transplant surgeries, due to easy availability of advanced healthcare facilities and increasing geriatric population. The high cost of products is expected to impede the growth of the artificial kidney market in the above mentioned forecast period. Additionally, the growing government emphasis on developing healthcare infrastructure, associated with favorable reimbursement policies, is resulting in patient’s preference towards artificial kidney is also lifting the growth of the artificial kidney market.
The rising investment by major players for technological advancements and R&D activities for development of cost-effective product will further accelerate the expansion of the artificial kidney market and are also are offering significant growth opportunities for the market in the forecast period of 2021 to 2028. Furthermore, the non-favorable regulatory framework in developing countries will challenge the growth of the artificial kidney market.
This artificial kidney market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on artificial kidney market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Artificial Kidney Market Scope and Market Size
Artificial kidney market is segmented on the basis of device type, dialysis, application and end users. The growth amongst these segments will help you analyze meager growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of device type, the artificial kidney market is segmented into wearable artificial kidney and implantable artificial kidney.
- On the basis of dialysis, the artificial kidney market is segmented into hemodialysis, peritoneal dialysis and combination.
- Based on application, the artificial kidney market is segmented into adults and pediatrics.
- The end users segment of the artificial kidney market is segmented into hospitals, specialty clinics, ambulatory surgical centers and others.
Artificial Kidney Market Country Level Analysis
Artificial kidney market is analyzed and market size insights and trends are provided by country, device type, dialysis, application and end users as referenced above.
The countries covered in the artificial kidney market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa(MEA), Brazil, Argentina and Rest of South America as part of South America.
North America region leads the artificial kidney market owing to the growing number of patient suffering from kidney related disease, associated with easy availability of advanced healthcare facilities and strong presence of major players operating in the emerging countries within the region. Asia-Pacific is expected to expand at a significant growth rate over the forecast period of 2021 to 2028 owing to the growing government expenditure along with rising healthcare infrastructure in this region.
The country section of the artificial kidney market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
Artificial kidney market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for artificial kidney market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the artificial kidney market. The data is available for historic period 2010 to 2019.
Competitive Landscape and Artificial Kidney Market Share Analysis
Artificial kidney market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to artificial kidney market.
The major players covered in the artificial kidney market report are KAWASUMI LABORATORIES, INC., Nanodialysis, Fresenius SE & Co KGaA, Baxter, ASAHI KASEI MEDICAL CO., LTD, Medtronic, DaVita Inc, Merit Medical Systems, Nipro Medical Corporation, Nikkiso Co Ltd, Braun Melsungen AG and AWAK Technologies among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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