Artificial kidney is a state of art technology currently under development, which can replicate the work of real kidney and potentially eliminate the need for dialysis. An artificial kidney would deliver continuous blood filtration to the patients whose kidney is severely damaged and not in working condition. Artificial kidney would reduce chronic kidney disease and increase the quality of life for patients. Developing an artificial kidney would be revolutionary advancement in medical device industry and could fulfil a chronic shortage of kidney donor required for transplant.
Artificial Kidney Market Drivers
Frequent research and development activities for the development of artificial kidney is expected to be a major driver fueling global Artificial Kidney Market growth over the forecast period.
For instance, currently the University of California San Francisco (UCSF), the University of Vanderbilt, and the National Institute of Biomedical Imaging and Bioengineering (NIBIB) in collaboration are working to develop implantable artificial kidney under project named the Kidney Project. The novel artificial kidney under development uses microchip filters and living kidney cells powered by a patient’s own heart.
The artificial kidney under development is currently under preclinical trials and is expected to get the U.S. Food and Drug Administration approval in late 2019 or early 2020.
Furthermore, according to the data published by Organ Procurement & Transplantation Network in 2018, around 95,235 patients in the U.S. are on waiting list for kidney transplant. Hence, approval of such breakthrough artificial kidney by the U.S. Food and Drug Administration in near future, could fulfill the unmet medical needs and save life of thousands of patients currently on the kidney transplant list.
Artificial Kidney Market Key Players
Key players operating in global artificial kidney market include: Blood Purification Technologies Inc. and Others
Ask For Sample Copy Of This Business Research Report : https://www.coherentmarketinsights.com/insight/request-sample/2335
Artificial Kidney Market Taxonomy:
The global artificial kidney market is segmented on the basis of device type, end user, and region
By Device Type-
- Wearable Artificial Kidney
- Implantable Artificial Kidney
By End Users-
- Speciality Clinics
- Ambulatory Surgical Centers
- North America
- Latin America
- Asia Pacific
- Middle East
About Coherent Market Insights:
Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.