Seattle, WA -- (SBWire) -- 10/04/2019 --Artificial kidney is an advancement in the field of science, which could address the challenges associated with the shortage of kidney donor. An artificial kidney delivers the filtration of blood without any hassle to the patients with severely affected and not in proper working condition. Artificial kidney promises to reduce chronic disease cases and improve the quality of life for patients.

Market Drivers
Ongoing research and development programs for the production of the artificial kidney is a prime factor fueling the global artificial kidney market growth over the forecast timeline. 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 a 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.

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Furthermore, according to the data published by Organ Procurement & Transplantation Network in 2018, around 95,235 patients in the U.S. are on the waiting list for a kidney transplant. Hence, approval of such breakthrough artificial kidney by the U.S. Food and Drug Administration in upcoming years is expected to fulfill the unmet medical needs and save the lives of thousands of patients currently on the kidney transplant list.

Regional Analysis
North America market is projected to experience significant growth in the global artificial kidney market and this can be attributed to the rising research and development activities by research centers in the region for the production of the artificial kidney. For instance, in 2014, Blood Purification Technologies Inc. received the U.S. Food and Drug Administration approval to initiate human clinical trials of its Wearable Artificial Kidney (WAK).

At the same time, Europe is also anticipated to be a lucrative region for the growth of artificial kidney market, owing to the research programs conducted by various organizations for the production of the advanced artificial kidney. For instance, in January 2018, Assistance Publique - Hôpitaux de Paris initiated a clinical trial for its artificial kidney used for the treatment of severe acute kidney injury.

Market Restraint
Artificial kidney is an advanced technology, therefore after its approval, the price of such advanced device is presumed to be very high, which is expected to limit the global artificial kidney market growth over the forecast timeframe.

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Artificial Kidney Market Key Players

Key players operating in global artificial kidney market include: Blood Purification Technologies Inc. and Others

Market Segmentation:
The global artificial kidney market is segmented based on device type, end-user, and region.
By Device Type-
- Wearable Artificial Kidney
- Implantable Artificial Kidney
By End Users-
- Hospitals
- Specialty Clinics
- Ambulatory Surgical Centers
- Others
By Region-
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East
- Africa

Artificial Kidney Market Regional Analysis

North America artificial kidney market is expected to witness a significant growth in global artificial kidney market, owing to robust research and development activities by research centers in the region for development artificial kidney. For instance, in 2014, Blood Purification Technologies Inc. received the U.S. Food and Drug Administration approval to initiate human clinical trials of its Wearable Artificial Kidney (WAK).

Europe is also expected to be lucrative region for growth of artificial kidney market, owing to researches conducted by various organizations for the development of breakthrough artificial kidney. For instance, in January 2018, Assistance Publique - Hôpitaux de Paris initiated clinical trial for its artificial kidney used for treatment of severe acute kidney injury.

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