Wearable artificial kidneys are portable dialysis machines that can replicate the functions of natural kidneys. They filter waste and excess fluid from the blood outside of the body to help those suffering from kidney failure and end stage renal disease. The growing prevalence of chronic kidney disease and limited availability of kidneys for transplant have increased the demand for alternative renal replacement therapies like wearable artificial kidneys.
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.
The key opportunities in the market include partnerships between startups and large medical device companies for commercialization support and increasing funding for wearable artificial kidney research from private and public organizations. Technological advancements like miniaturizing dialysis components, developing biocompatible membranes, and improving portability are further expected to drive the adoption of wearable artificial kidneys.
Market Drivers
The growing Global Wearable Artificial Kidney Market Trends is one of the major drivers of the wearable artificial kidney market. It is estimated that over 1.5 million people die every year due to kidney failure. Furthermore, an increasing aging population and rising incidence of lifestyle diseases like diabetes and hypertension are leading to a surge in cases of end stage renal disease (ESRD). However, the availability of kidneys for transplant is limited. This has increased the focus on developing alternative renal replacement options like wearable artificial kidneys. Other key drivers include increasing healthcare expenditures on dialysis and advances in portable dialysis technologies.
Current Challenges in the Global Wearable Artificial Kidney Market
Some key challenges faced by the global wearable artificial kidney market are listed below:
1. High manufacturing costs: Manufacturing miniature but functionally equivalent device requires sophisticated technologies that drive up production costs. This hinders commercial adoption.
2. Regulatory approvals: Obtaining regulatory clearances for implanting novel medical devices is a long and rigorous process. This delays market entry of innovative products.
3. Device miniaturization: Shrinking functional kidneys into portable wearable units without compromising performance/safety is an engineering challenge. Further miniaturization is needed.
4. Battery limitations: Energy storage remains a bottleneck for long-term usage without recharging. Batteries with higher power density must be developed.
5. Complex physiology: Perfectly mimicking the intricacies of kidney functions like waste filtration, regulation of electrolytes and pH balance is highly complex.
SWOT Analysis
Strength: Portable design allows independence and normal daily activities; Miniaturized units are less invasive.
Weakness: High costs restrict access; Dependence on battery recharging.
Opportunity: Growing CKD patient pool represents large addressable market; Potential to eliminate need for dialysis centers.
In terms of value, the global wearable artificial kidney market is currently concentrated in North America led by the US owing to advanced healthcare infrastructure and research funding. However, Asia Pacific region is emerging as the fastest growing market due to rising geriatric population, increasing incidence of kidney disorders and growing healthcare expenditures. Countries like China, India and Japan are attracting major manufacturers with their large patient base and cost advantages.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it.
About Author - Vaagisha Singh
Vaagisha brings over three years of expertise as a content editor in the market research domain. Originally a creative writer, she discovered her passion for editing, combining her flair for writing with a meticulous eye for detail. Her ability to craft and refine compelling content makes her an invaluable asset in delivering polished and engaging write-ups. LinkedIn