Global Wearable Artificial Kidney Market, By Patient Type (End Stage Renal Disease, Acute Kidney Disease), Dialysis Type (Haemodialysis, Peritoneal Dialysis), End-Use (Hospitals, Ambulatory Surgical Centers, Dialysis Centers, Others) – Industry Trends and Forecast to 2030.
Wearable Artificial Kidney Market Analysis and Size
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.
Wearable Artificial Kidney Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, and Pricing in USD
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Segments Covered
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Patient Type (End Stage Renal Disease, Acute Kidney Disease), Dialysis Type (Haemodialysis, Peritoneal Dialysis), End-Use (Hospitals, Ambulatory Surgical Centers, Dialysis Centers, Others)
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Countries Covered
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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
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Market Players Covered
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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)
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Market Opportunities
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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.
- Expanding home-based dialysis options
The shift towards home-based care for chronic conditions presents a significant opportunity for wearable artificial kidneys. These devices allow patients to receive dialysis treatments in the comfort of their own homes, reducing the need for frequent hospital visits and providing greater flexibility and independence
Restraints/Challenges
- Patient Acceptance and Adherence
Patient acceptance and adherence to using wearable artificial kidneys can be a challenge. Some patients may be hesitant to switch from traditional dialysis methods, and others may struggle with the responsibility of managing their own treatment. Patient education, support, and ongoing engagement are crucial to address these challenges.
- Long-Term Safety and Efficacy Data
Long-term safety and efficacy data for wearable artificial kidneys are limited due to the relatively recent development of these devices. Generating robust clinical evidence and demonstrating long-term benefits and safety profiles are essential for gaining regulatory approvals and building trust among healthcare providers and patients.
This global wearable artificial kidney market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 the global wearable artificial kidney market contact Data Bridge Market Research for an analyst brief, our team will help you make an informed market decision to achieve market growth.
Recent Development
- In June 2023, AWAK Technologies announced the launch of a pivotal clinical trial for an improved automated wearable artificial kidney peritoneal dialysis device. This wearable and ultra-portable device allows patients with end-stage renal diseases to receive dialysis on-the-go.
Global Wearable Artificial Kidney Market Scope
The global wearable artificial kidney market is segmented on the basis of patient type, dialysis type and end-use. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Patient Type
- End Stage Renal Disease
- Acute Kidney Disease
Dialysis Type
- Haemodialysis
- Peritoneal Dialysis
End-Use
- Hospitals
- Ambulatory Surgical Centers
- Dialysis Centers
- Others
Global Wearable Artificial Kidney Market Regional Analysis/Insights
The global Wearable Artificial Kidney market is analysed and market size insights and trends are provided by country, patient type, dialysis type and end-use as referenced above.
The countries covered in the Wearable Artificial Kidney market report are 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, Rest of Middle East and Africa
North America dominates the global wearable artificial kidney market due to increasing awareness campaigns regarding CKD technologically enhanced wearable artificial kidneys, and the increasing presence of well-established healthcare facilities in this region.
Asia-Pacific is expected to witness significant growth in the global wearable artificial kidney market during the forecast period of 2023 to 2030 due to the increase in government initiatives to promote healthcare, the rising health awareness among the people and growing demand for advanced medical technology for treatment procedures, the large population pool, and the growing demand for quality healthcare in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the 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
The global wearable artificial kidney market also provides you with a detailed market analysis for every country's growth in healthcare expenditure for capital equipment, installed base of different kinds of products for the global wearable artificial kidney market, the impact of technology using lifeline curves and changes in healthcare regulatory scenarios and their impact on the global wearable artificial kidney market.
Competitive Landscape and Global Wearable Artificial Kidney Market Share Analysis
The global wearable artificial kidney market competitive landscape provides details by competitors. 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 the global wearable artificial kidney market.
Some of the major players operating in the global wearable artificial kidney market are:
- 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)
- KAWASUMI LABORATORIES, INC. (Japan)
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