Key Insights On The Artificial Kidney Market 2023 – Size, Driver, And Major Players
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
As per The Business Research Company’s Artificial Kidney Global Market Report 2023, the artificial kidney market is expected to show significant growth in the forecast period.
The global artificial kidney market is poised for remarkable growth, with substantial projections for the coming years. This burgeoning market is being driven by the rapid increase in chronic kidney disease cases and a wave of product innovations that are changing the landscape of kidney care. In this blog, we’ll explore the key factors and trends propelling the artificial kidney market forward.
The Growing Epidemic of Chronic Kidney Disease
- Understanding Chronic Kidney Disease
- Chronic kidney disease is a long-term condition that results in the gradual loss of kidney function.
- Artificial Kidneys as Lifesavers
- Artificial kidneys play a vital role in treating chronic kidney disease by removing waste products, toxins, and maintaining electrolyte balance.
- Alarming Statistics
- In 2021, the Centers for Disease Control and Prevention reported that 37 million people in the US were diagnosed with chronic kidney disease.
- In 2020, the Australian Institute of Health and Welfare revealed that 17,700 Australians died from chronic kidney disease, constituting 11 percent of all deaths.
- Fueling Market Growth
- The increasing prevalence of chronic kidney disease is a primary driver of the artificial kidney market.
Key Players in the Field
- Industry Titans
- Major players in the artificial kidney market include Fresenius SE And Co. KGaA, Medtronic Plc., Asahi Kasei Medical Co. Ltd., and many others.
- A Diverse Landscape
- From global medical technology companies like Baxter International Inc. to innovative startups like Advent Access, the market offers diversity.
Innovation Reshaping Kidney Care
- Product Innovations at the Forefront
- Market leaders are investing in groundbreaking products to maintain their market positions.
- NephroPlus, an India-based dialysis network, introduced Renova, a fully automated dialyzer reprocessing system with cloud connectivity, offering remote troubleshooting and monitoring.
Market Segmentation: A Closer Look
The global artificial kidney market is segmented based on various criteria, including product type, dialysis method, and end-users. Here’s an in-depth breakdown:
- By Product Type
- Wearable Artificial Kidney
- Implantable Artificial Kidney
- By Dialysis Method
- Hemodialysis
- Peritoneal Dialysis
- Combination
- By End-Users
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Other End-Users
Regional Dynamics
- North America Takes the Lead
- In 2022, North America emerged as the largest region in the artificial kidney market, reflecting the region’s commitment to advanced healthcare solutions.
- Asia-Pacific Gears Up
- Asia-Pacific is predicted to be the fastest-growing region in the artificial kidney market, showcasing the region’s potential for healthcare innovation.
View More On The Artificial Kidney Market Report 2023 – https://www.thebusinessresearchcompany.com/report/artificial-kidney-global-market-report
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The Artificial Kidney Global Market Report 2023 provides an in-depth analysis on the artificial kidney market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the artificial kidney market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
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