Press release
Artificial Kidney Market Size Projected To Reach $18.87 Billion By 2034 With A Cagr Of 13.2%
Artificial Kidney
What Is the Projected Growth of the Artificial Kidney Market?
The Artificial Kidney Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].
What Is the Projected Growth of the Artificial Kidney Market?
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What Are the Different Artificial Kidney Market Segments?
The artificial kidney market covered in this report 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
Subsegments:
1) By Wearable Artificial Kidney: Portable Dialysis Systems, Compact Dialysis Units
2) By Implantable Artificial Kidney: Bioengineered Kidneys, Hybrid Dialysis Systems
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What Are the Primary Drivers Shaping the Artificial Kidney Market?
The artificial kidney market is predicted to expand due to the rising prevalence of chronic kidney ailments. Chronic kidney disease, a condition where the kidneys progressively lose their efficiency over periods, essentially employs artificial kidneys for its treatment. These devices purge the body of waste materials and dangerous toxins while keeping fluid retention in check and maintaining the right balance of electrolytes. As reported by Kidney Research UK, a UK-based charity advocating and researching to elevate awareness, prevention, and kidney disease treatment, there were approximately 7.19 million chronic kidney disease patients in the UK as of June 2023. This figure accounts for over 10% of the UK's populace and is projected to swell to 7.61 million by 2033. Consequently, the surge in chronic kidney disease cases stimulates the artificial kidney market's growth.
Which Companies Are Leading in the Artificial Kidney Market?
Major companies operating in the artificial kidney market include Fresenius SE And Co. KGaA, Medtronic Plc., Asahi Kasei Medical Co. Ltd., Toray Industries Inc., Baxter International Inc., DaVita Inc., B.Braun Melsungen AG, UCLA Health, Revvity, Nipro Medical Corporation, Nikkiso Co. Ltd., Kawasumi Laboratories Inc., Quanta Dialysis Technologies Ltd., Triomed AB, Advent Access, WearOptimo, AWAK Technologies Pvt. Ltd., Aethlon Medical Inc., Blood Purification Technologies Inc., Xcorporeal Inc., Nanodialysis B.V, Neokidney Development BV, Wearable Medical Devices Inc., Nephria Bio Inc., US Kidney Research Corporation
What Are the Major Trends Shaping the Artificial Kidney Market?
The artificial kidney market is seeing an upward trend due to technological advancements. Major industry players are unveiling cutting-edge products to maintain their market standing. For example, in July 2022, NephroPlus, an India-based dialysis network, introduced Renova, an entirely automated dialyzer reprocessing system enabled with cloud storage. The device, which is connected to the cloud, allows Biomedical Engineers to use the internet cloud to remotely diagnose and rectify problems. They can access the machine via the Renova app to monitor its status, including tracking the function of each valve in the device during its operations to locate any issues. Once the root of the problem is identified, they can then decide if a part needs to be replaced or if there needs to be a change in a configuration setting. The use of an artificial kidney or dialyzer helps curb the risk of infection, enhance the efficacy of dialysis treatment, and aids in the removal of toxins and waste substances that the kidneys are no longer able to eliminate.
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What Are the Top Revenue-Generating Geographies in the Artificial Kidney Market?
North America was the largest region in the artificial kidney market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial kidney market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Artificial Kidney Market?
2. What is the CAGR expected in the Artificial Kidney Market?
3. What Are the Key Innovations Transforming the Artificial Kidney Industry?
4. Which Region Is Leading the Artificial Kidney Market?
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