Artificial Kidney Industry Size Expected To Hit US$ 5.3 Billion by 2033, With 13% CAGR: Report By Fact.MR

As per the latest estimates by Fact.MR, a market research and competitive intelligence provider, the global artificial kidney market is valued at US$ 1.5 billion in 2023 and is predicted to expand rapidly at a CAGR of 13% from 2023 to 2033.

Artificial kidneys are medical devices that are designed to mimic the functions of a human kidney. These devices are used to treat patients with end-stage renal disease (ESRD), a condition where the kidneys fail to function properly. The global artificial kidney market is expected to grow at a significant rate over the coming years due to the increasing prevalence of ESRD and rising demand for renal replacement therapies.

𝗗𝗼𝘄𝗻𝗹𝗼𝗮𝗱 𝗦𝗮𝗺𝗽𝗹𝗲 𝗖𝗼𝗽𝘆 𝗼𝗳 𝗧𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁:
https://www.factmr.com/connectus/sample?flag=S&rep_id=8509?AS

• According to the Centers for Disease Control & Prevention Report 2021, more than 37 million Americans are living with chronic kidney disease.
Rising prevalence of diabetes and hypertension, which are the leading causes of kidney failure, is further contributing to the growth of the artificial kidney market. Another factor driving the growth of the market is the increasing adoption of home-based dialysis treatments.

Home-based dialysis treatments provide patients with greater convenience and are also more cost-effective than in-center treatments. As a result, more patients are opting for home-based dialysis treatments, which are driving demand for portable and lightweight artificial kidney devices.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀 𝗳𝗿𝗼𝗺 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘁𝘂𝗱𝘆

• The artificial kidney market is expected to reach US$ 5.3 billion by 2033.
• In North America, sales of artificial kidneys are predicted to increase at a rapid pace due to the presence of advanced healthcare facilities and key market players.
• Growing cases of kidney-related disorders in China are increasing the adoption rates of advanced artificial kidneys.
• Wearable artificial kidneys are becoming a popular form of peritoneal dialysis method as they require less technical support.
• Hospitals are leading the sales of artificial kidneys due to the high intake of target patients.

"Introduction of advanced portable bio-artificial kidneys is expected to boost demand graph upwards at a rapid pace," says a Fact.MR analyst.

𝗖𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝘃𝗲 𝗟𝗮𝗻𝗱𝘀𝗰𝗮𝗽𝗲

Technological advancements in artificial kidney devices are also contributing to the growth of the market. Key players in the artificial kidney market are working on developing improved implantable artificial kidneys that are capable to function as natural kidneys. These devices are expected to offer significant benefits over traditional dialysis treatments, including improved quality of life and reduced healthcare costs, which may further aid manufacturers of artificial kidneys to earn more.

𝗞𝗲𝘆 𝗖𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 𝗣𝗿𝗼𝗳𝗶𝗹𝗲𝗱

• Kawasumi Laboratories Inc.
• Nanodialysis B.V.
• Fresenius SE & Co KGaA
• Baxter
• Asahi Kasei Medical Co., Ltd.
• Medtronic
• DaVita Inc
• Merit Medical Systems
• Nipro Medical Corporation
• Nikkiso Co Ltd
• B. Braun Melsungen AG
• AWAK Technologies

𝗜𝗻𝗱𝘂𝘀𝘁𝗿𝘆 𝗦𝘂𝗿𝘃𝗲𝘆

• By Type :
o Wearable Artificial Kidneys
o Implantable Artificial Kidneys

• By Dialysis :
o Hemodialysis
o Peritoneal Dialysis
o Combination

• By Application :
o Adults
o Pediatrics

• By End User :
o Hospitals
o Specialty Clinics
o Ambulatory Surgical Centers

• By Region :
o North America
o Latin America
o Europe
o East Asia
o South Asia & Oceania
o MEA

𝗠𝗼𝗿𝗲 𝗩𝗮𝗹𝘂𝗮𝗯𝗹𝗲 𝗜𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗔𝘃𝗮𝗶𝗹𝗮𝗯𝗹𝗲

Fact.MR, in its new offering, presents an unbiased analysis of the global artificial kidney market, presenting historical demand data (2018 to 2022) and forecast statistics for the period (2023 to 2033).
The study divulges essential insights on the market based on type (wearable artificial kidneys, implantable artificial kidneys), dialysis (hemodialysis, peritoneal dialysis, combination), application (adults, pediatrics), and end user (hospitals, specialty clinics, ambulatory surgical centers), across five major regions of the world (North America, Europe, Asia Pacific, Latin America, and MEA).

𝗚𝗲𝘁 𝗖𝘂𝘀𝘁𝗼𝗺𝗶𝘇𝗮𝘁𝗶𝗼𝗻 𝗼𝗻 𝘁𝗵𝗶𝘀 𝗥𝗲𝗽𝗼𝗿𝘁 𝗳𝗼𝗿 𝗦𝗽𝗲𝗰𝗶𝗳𝗶𝗰 𝗥𝗲𝘀𝗲𝗮𝗿𝗰𝗵 𝗦𝗼𝗹𝘂𝘁𝗶𝗼𝗻𝘀:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=8509?AS

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This release was published on openPR.