Wearable Artificial Kidney Market Scope
The wearable artificial kidney may be a transportable qualitative analysis device designed to change patients to expertise the advantages of daily dialysis whereas performing arts their traditional, everyday routines. This device improves the lives of patients laid low with end-stage nephritic unwellness because it eliminates hospital stays and improves physiological aspects by reducing high blood pressure.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Blood Purification Technologies Inc. (United States), AWAK Technologies Pte. Ltd. (Singapore), International Renal Research Institute of Vicenza/IRRIV (Italy), Nanodialysis BV (Netherlands), Triomed AB (Sweden), B. Braun Melsungen AG (Germany) and Asahi Kasei Medical Co., Ltd. (Japan) |
CAGR | 60.6% |
The global market for Wearable Artificial Kidney is consolidated by the global players catering to populations suffering from renal diseases and lowering their daily cycle of hectic, time-consuming dialysis procedures. The players should be focusing upon newer technologies to employ the manufacturing for rising requirements every day due to changing food habits. Research Analyst at AMA estimates that Global Players will contribute to the maximum growth of Global Wearable Artificial Kidney market throughout the predicted period.
Blood Purification Technologies Inc. (United States), AWAK Technologies Pte. Ltd. (Singapore), International Renal Research Institute of Vicenza/IRRIV (Italy), Nanodialysis BV (Netherlands), Triomed AB (Sweden), B. Braun Melsungen AG (Germany) and Asahi Kasei Medical Co., Ltd. (Japan) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Wearable Artificial Kidney market by Type , by Application (Hospitals, Ambulatory Surgical Centers, Dialysis Centers and Others) and Region with country level break-up.
On the basis of geography, the market of Wearable Artificial Kidney has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In April 2023, Medtronic plc and DaVita In created a new company called Mozarc Medical, which is dedicated to changing renal health and developing patient-centered technological solutions.
In 2021, Wearable Artificial Organs, Inc. got the Patent for the Wearable Artificial Kidney (WAK) 3.0. It will free patients from defrayment drawn-out hours in bed or an armchair, busy to an enormous machine in a very qualitative analysis clinic.
Influencing Trend:
Rising Investment by Major Players for Technological Advancements
Market Growth Drivers:
Growing Number of Patients Suffering from Renal Failure Coupled with Ongoing Technological Advancements and Rise in Awareness Owing to The Unhealthy Lifestyle, Renal Failure Diseases, and Increasing Health Issues
Challenges:
Complex Infrastructure Required for Transplant of Wearable Artificial Kidney
Restraints:
High Cost of Products and Increasing Non-Favourable Regulatory Framework
Opportunities:
Rising Research and Development Activities for Development of Cost-Effective Product
Key Target Audience
Wearable Artificial Kidney Manufacturer, Provider/Supplier, Raw Material Provider, Research Laboratories and Others