The global wearable artificial
kidney market comprises medical devices that are worn externally and act as an
artificial replacement for failed kidneys. Wearable artificial kidneys are
attached outside the body and work to filter out metabolic waste from the
bloodstream, regulate electrolyte and water balance, and enable adequate
oxygenation. The devices provide an alternative for patients waiting for kidney
transplantation or those who are not candidates for transplants. The demand for
wearable artificial kidneys is driven by the growing prevalence of chronic
kidney diseases and rising cases of kidney failure worldwide.
The Global wearable artificial
kidney market is estimated to be valued at US$
22.46 Bn in 2024 and is expected to exhibit a CAGR of 13% over the forecast period 2024 to 2031.
Key Takeaways
Key players operating in the global wearable artificial kidney market are B.
Braun SE, AWAK Technologies, Blood Purification Technologies Inc., Nextkidney,
Triomed AB, SB-KAWASUMI LABORATORIES, INC., Asahi Kasei Medical Co., Ltd.,
Nanodialysis BV, Semperit AG Holding, KidneyX.
These players are focusing on new
product launches, collaborations, and geographic expansion to capitalize on
growth opportunities. Some of the key opportunities in the Global
Wearable Artificial Kidney Market Trends include increasing adoption in home healthcare
settings and scope for technological advancements to develop next-generation
wearable dialysis devices. On the global front, companies are expanding their
presence across developing regions such as Asia Pacific and Latin America owing
to improving healthcare infrastructure and rising disposable incomes in these
regions.
Market drivers:
Rising incidence of end-stage renal
disease (ESRD) along with growing geriatric population is a major factor
fueling the demand for wearable artificial kidneys. According to statistics,
over 2 million people die every year from kidney diseases worldwide. Further,
shortage of donor organs for kidney transplantation is boosting the adoption of
wearable artificial kidneys as an interim solution.
Market restraints:
High costs associated with wearable
artificial kidneys and related treatments poses a major challenge to market
growth. Limited scope of wearable devices in mimicking all functions of natural
kidneys compared to implantable devices also restrains market expansion.
Segment Analysis
The Global Wearable Artificial Kidney market is dominated by miniaturized
wearable models sub segment. The key reason is that wearable models are more
convenient to use for patients as they don't need to regularly visit dialysis
centers and can carry on with their daily activities. This provides
independence to patients.
Global Analysis
North America dominates the wearable
artificial kidney market globally. Major factors contributing to its leading
position include presence of advanced healthcare infrastructure, high
healthcare expenditure, and supportive reimbursement policies for renal disease
treatment in the US and Canada. Asia Pacific is poised to be the fastest
growing regional market. Rising incidence of kidney failure due to lifestyle
diseases and improving access to advanced treatment modalities are driving
market growth in countries like China and India.
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Wearable Artificial Kidney Market
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