The acute kidney injury treatment market has been estimated to experience significant growth opportunities in the forthcoming years. This increasing market growth is on the back of increasing cases of acute kidney injuries during the forecast period. In addition to this, some of the prominent players are concentrating on the development of treatments for acute kidney injuries. This factor has been estimated to drive growth opportunities in the acute kidney injury treatment market.
Acute kidney injury takes place if the kidneys stop the filtration of the waste products from human blood. Kidney failure affects body acid-base balance, electrolytes, and fluids. Acute kidney injury involves intrinsic, postrenal, prerenal failures. Based on the severity of the injury, continuous replacement therapy and hemodialysis are involved in the treatment process. The solutions provided by the acute kidney injury treatment market do not cure the kidney issues completely rather these services improve the function of the kidney. Owing to these factors, the market has been estimated to experience significant growth opportunities in the forthcoming years.
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Acute Kidney Injury Treatment Market: Key Trends
The increasing rate of the geriatric population due to their weaker immune system around the world is anticipated to contribute to the market growth in the upcoming years. The prevalence of various chronic diseases is also contributing to the market growth avenues. The rising number of acute care admissions along with emergency department admissions are estimated to fuel expansion opportunities in the market.
The growing rate of health awareness among the global population, especially in developing countries is anticipated to lead to frequent medical check-ups for the early detection of the disease. This process further leads to the availability of appropriate treatment in the medical industry.
The lack of awareness among people about the availability of acute kidney treatment can hamper the growth prospect in the market. Further, the high costs of the treatment are also creating hindrance in the growth prospects in the acute kidney injury treatment market.
Acute Kidney Injury Treatment Market: Competitive Dynamics and Key Developments
The key players operating in the acute kidney injury treatment market have been adopting various strategies to fuel growth opportunities in the upcoming years. Collaborations, mergers, partnerships, acquisitions, product approvals, and novel product launches are some of the major strategies that are incorporated by the key companies to create expansion avenues in the market.
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For instance, Medtronic plc has announced the launching of the Carpediem cardio-renal pediatric dialysis emergency machine in December 2020. This machine is the first of its kind of Carpediem system. It has been indicated for the application in fluid overloaded or kidney injury patients that require hemofiltration or hemodialysis therapy. This machine intends to give continuous renal replacement therapy (CRRT) to patients who weigh between 2.5 and 10 kilograms.
Some prominent players in the global acute kidney injury treatment market include:
- Angion Biomedia Corp
- Cure Medical, LLC
- AM-Pharma B.V
- Novartis AG
- Baxter International, Inc.
- Fresenius Medical Care
- Sentien Biotechnologies
- Asahi Kasei Medical Co.
- Teva Pharmaceutical Industries Ltd.
Acute Kidney Injury Treatment Market: Regional Assessment
The acute kidney injury treatment market is spread across different geographical locations around the world including North America, Asia Pacific, Europe, the Middle East & Africa, and Latin America. Among these, the Europe and North America regions are predicted to contribute with a significant share in the market growth. This growth is on the back of the rising prevalence of various chronic diseases that can lead to acute kidney disease. In addition to this, the Asia Pacific region with Japan is likely to contribute with the maximum count of the geriatric population. Owing to the increasing population of geriatric people, the Asia Pacific region has been predicted to grow at a rapid pace.
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