In terms of revenue, the bioartificial kidney market is projected to grow at a CAGR of 36.87% over the forecast period (2022 – 2030).. The Major players profiled in this report include: AWAK Technologies, Blood Purification Technologies, Dutch Kidney Foundation, UCSF, Other Market Participants.
It Becomes easy to achieve supreme level of market insights and obtain knowhow of the best market opportunities into the specific markets with an outstanding Bioartificial Kidney Market report. The report lists down the company profiles of major market players and brands which explore their actions about product launches, product enhancements, joint ventures, mergers and acquisitions with respect to effect on the sales, import, export, revenue and CAGR values.
The finest market report puts light on various factors that have direct or indirect effect on the growth of business which includes historic data, present market trends, environment, technological innovation, upcoming technologies and the technical progress in this industry. This market research report identifies as well as analyses the emerging trends along with major driving factors, challenges and opportunities in the market for industry.
Bioartificial kidneys are made up of a typical hemofilter connected in series with a bioreactor unit containing renal epithelial cells. The renal tubule epithelial cells should perform transport, metabolic, endocrinologic, and immunomodulatory tasks. The bioartificial kidney filters waste by convection, which uses the body’s natural blood pressure to separate blood cells, proteins, and other major components from small toxins and waste particles that can fit through the hemofilter’s pores. The integration of the silicon nano membrane hemofilter and the bioreactor with human kidney cells combines the best of both concepts in a bio hybrid approach, resulting in the bioartificial kidney, which contains both biological and entirely synthetic components. The increased incidence of renal failure and a long waiting list for kidney transplants are major factors that are expected to drive the growth of the global bioartificial kidney market in the near future.
The growing number of chronic kidney disease patients is one of the significant factors for the growth of the market. According to data from the Centers for Disease Control and Prevention, chronic kidney disease affects more than 1 in 7, or 15% of U.S. adults, or 37 million individuals, in the United States. As many as 9 out of 10 persons with CKD are unaware of their condition, and approximately 2 out of 5 adults with severe CKD are unaware of their condition. Moreover, the federal government, which is the principle payer for such patients’ medical care, is pushing agencies to accelerate the development of technologies that could improve care. The Kidney Project has been chosen to participate in two FDA-sponsored programs, the Innovation Pathway 2.0 and the Expedited Access Pathway, both of which aim to reduce the time it takes to bring safe and effective technologies to the market. However, reimbursement issues, as well as the risks and problems associated with dialysis treatment, are hindering the growth of global bioartificial kidney market.
The novel coronavirus disease 2019 (COVID-19) has a high mortality rate among older adults and people suffering from chronic conditions such as chronic kidney disease (CKD). Despite the fact that numerous studies have lately indicated several techniques for the management of COVID-19 in CKD, its impact on individuals with renal illnesses remains the greatest challenge globally. Furthermore, patients with end-stage kidney illness were considered to be a largely susceptible group for COVID-19, with an infection prevalence of 16%. The prevalence of CKD in COVID-19 individuals has been estimated to be between 0.09% and 47.05%. Furthermore, rising promise of innovation in artificial kidney technology promises new potential for industry participants in the bioartificial kidney market to gain momentum.
Global Bioartificial Kidney Market
- By Clinical Trial
- Phase I clinical trial
- By Application
- Short-term solution of renal dialysis
- Longer-term of a living kidney transplant
- Polycystic Kidney Disease
- Focal Segmental Glomerulosclerosis (FSGS)
- By End-User
- Organ Transplant Centers
- Research Institutes
- By Region
- North America
- Rest of North America
- The UK
- Nordic Countries
- Benelux Union
- The Netherlands
- Rest of Europe
- Asia Pacific
- New Zealand
- South Korea
- Southeast Asia
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America
- North America
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