During the forecast period (2020-2030), the global Bioartificial kidney market is expected to be worth USD 5507.32 million and grow at a CAGR of 61.43%.
An implantable bioartificial kidney is similar to the currently available extracorporeal renal assist device (RAD), which is a bioartificial kidney that combines a membrane hemofilter and a bioreactor to function as a healthy kidney. However, to function as a natural kidney, the bioartificial kidney must have high-efficiency ultrafiltration membranes, regulate blood flow, and stabilize necessary cells.
The implantable bioartificial kidney can mimic the function of the real kidney and eliminate the need for dialysis. Using an implantable bioartificial kidney removes the need for constant physician supervision and the use of immunosuppressive drugs and medication.
Market Dynamics
Drivers:
Individual government agencies and manufacturers are working to raise awareness of kidney diseases. In May 2018, for example, the American Kidney Fund (AKF) launched a comprehensive new kidney disease education portal. Furthermore, The Kidney Project is a national research project to develop a small, surgically implanted, free-standing bioartificial kidney to treat end-stage renal disease (ESRD). This kidney is expected to offer ESRD patients a new option beyond the short-term solution of dialysis and the costly kidney transplant for which donor organs are scarce.
Over the forecast period, the global implantable bioartificial kidney market is expected to be restrained by stringent regulatory policies for approval and manufacturing, reimbursement, and risks and complications associated with dialysis treatment.
Opportunities:
The rising demand for advanced technology devices is driving market expansion. People's increasing awareness of renal failure diseases, as well as their changing lifestyles, are influencing the growth of artificial kidney development. Increased investment by prominent key players in artificial kidney research and development of advanced technologies, as well as R & D activities for the development of cost-effective products, are expanding the artificial kidney industry and providing growth opportunities to boost market growth during the assessment period.
Key players:
-
Kawasumi Laboratories, Inc.
-
Blood Purification Technologies Inc.,
-
AWAK Technologies Pte.Ltd.,
-
Triomed AB.,
-
Asahi Kasei Medical Vo., Ltd,
Market Segmentation:
By End User:
-
Hospitals
-
Organ Transplant Centers
-
Others
By Region:
-
North America
-
Latin America
-
Europe
-
Asia Pacific
-
Middle East
-
Africa
Regional Analysis:
Over the forecast period, the North American implantable bioartificial kidney market is expected to dominate the global market. As per the report from National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK), over 661,000 people in the United States had kidney failure in 2017, with 468,000 on dialysis. The kidney project, led by researchers from UCSF, Vanderbilt, and the National Institute of Biomedical Imaging and Bioengineering (NIBIB), is expected to receive approval for artificial kidney trials in late 2018 or early 2019.
Over the forecast period, these factors are expected to support the growth of the North American implantable bioartificial kidney market. According to the 2016 Brazilian Transplant Registry report, Brazil accounts for the world's second-highest number of kidney transplant programs.
Scope of the Report:
Report Coverage |
Details |
Base year |
2021 |
Forecast period |
2022-2030 |
Growth momentum & CAGR |
Accelerate at a CAGR of 61.43% |
YoY growth (%) |
XX% |
Regional analysis |
|
Current Market size |
USD 5507.32 Million |
Companies Covered |
|
User
Tab Content
Introduction
Our market research is an extensive, iterative process that takes into account a combination of primary and secondary research tools with the aim of minimizing deviation and producing the most precise estimate and prediction. For the future course of action, this approach meticulously outlines the actual changes and industry trends. It gives incredibly valuable data that is drawn from the insights and opinions of analysts and professionals. Our papers include in-depth research and analysis based on several factual inputs obtained from expert interviews, accurate data, and local information.
Market Size Estimation
The overall size of the market has been estimated and validated using both top-down and bottom-up methods. The sizes of other market subsegments have also been thoroughly estimated using these methodologies.
In the top-down technique, the market is divided into segments based on the percentage share of each segment. This method assisted in determining the size of each segment's market. The market size of each segment and its sub-segments was then divided into regional market sizes. This Approach helps mainly with the new Product Launch. It uses Multi-variate Regression Model coupled with Vendor based primary research inputs to forecast to the Market Size.
In the Bottom-Up approach, comprehensive study of key players has to be done wherein we add the market size of the major key players to understand the national market size which helps to determine the regional market size and eventually the complete market size. Companies annual report along with data from paid and unpaid resources like reports from government agencies and organizations like world bank provide the data for this approach.
Avail 25% Discount
Report Benefits
-
Free Customization Available
-
30% discount on your next purchase
-
Dedicated account manager
-
Query resolution within 24 hours
-
Permission to print the report