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Artificial Kidney Market Report 2023-2032: Trends, Growth, Size, Analysis, Demand And Forecast | Fresenius SE And Co. KGaA, Medtronic Plc., Asahi Kasei Medical Co. Ltd., Toray Industries Inc., Baxter International Inc
Artificial Kidney Market
The Business Research Company's Artificial Kidney Global Market Report 2023 identifies rapid increase in chronic kidney cases as the major driver for the Artificial Kidney market's growth in the forecast period. Chronic kidney disease is a long-term condition in which the kidneys gradually lose their function over time. Artificial kidneys are primarily used for chronic kidney disease treatment as they remove waste products and toxins from the body and lead to fluid retention, maintaining the proper balance of electrolytes.
The global artificial kidney market size is expected to grow from $8.08 billion in 2022 to $9.22 billion in 2023 at a compound annual growth rate (CAGR) of 14%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of artificial kidney market is expected to reach $14.87 billion in 2027 at a CAGR of 12.7%.
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Major competitors in the Artificial Kidney market are Fresenius SE And Co. KGaA, Medtronic Plc., Asahi Kasei Medical Co. Ltd., Toray Industries Inc., Baxter International Inc.
A key trend in the Artificial Kidney market includes Product innovations. Major companies operating in the artificial kidney market are introducing innovative products to sustain their position in the market. For instance, in July 2022, NephroPlus, an India-based dialysis network, launched the Renova, a fully automated dialyzer reprocessing system with inbuilt cloud storage. Renova is a device that is cloud-connected. Biomedical Engineers can troubleshoot and resolve difficulties remotely by leveraging the power of the internet cloud. They can log in to the machine using the Renova app to check its status, including observing the operation of each valve in the device during its operations to determine what is wrong. After determining the source of the problem, they can decide if a part needs to be replaced or a configuration parameter needs to be altered. Dialyzer is an artificial kidney that helps to reduce the risk of infection, improve the quality of dialysis treatment, and helps to remove toxins and waste products from the blood that the kidneys can no longer clear.
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The Artificial Kidney market is segmented -
1. By Product Type: Wearable Artificial Kidney, Implantable Artificial Kidney
2. By Dialysis: Hemodialysis, Peritoneal Dialysis, Combination
3. By End-User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Other End-User
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Product innovations was the largest region in the Artificial Kidney market.
The Business Research Company's "Global Artificial Kidney Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Artificial Kidney Market Include:
1. Executive Summary
2. Artificial Kidney Market Characteristics
3. Artificial Kidney Market Trends And Strategies
4. Artificial Kidney Market - Macro Economic Scenario
……
26. South America Artificial Kidney Market
27. Brazil Artificial Kidney Market
28. Middle East Artificial Kidney Market
30. Artificial Kidney Market Competitive Landscape And Company Profiles
31. Artificial Kidney Market Other Major And Innovative Companies
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