Existing extracorporeal renal assist devices (RADs) are bioartificial kidneys that use a membrane hemofilter and a bioreactor to mimic the functions of a normal kidney; an implanted bioartificial kidney would work in a similar way. Bioartificial kidneys have the potential to replace natural kidneys in many ways, but they still need improvements like high-efficiency ultrafiltration membranes, blood-flow regulation, and cell stabilization to be truly effective. A bioartificial kidney that can be implanted into the body would replace the patient’s natural kidney and therefore avoid the need for dialysis. With a bioartificial kidney implant, patients no longer need frequent doctor visits or immunosuppressant medicines.
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Implantable Bioartificial Kidney Market: Drivers
The global market for implanted bioartificial kidneys is predicted to expand over the projected period on account of factors such as the rising prevalence of chronic renal disease, the rising incidence of kidney failure, and the lengthy transplant waiting list. It is estimated that by 2020, up to US$ 12 billion will be spent on treating existing and newly diagnosed cases of End Stage Kidney Disease (ESKD), as reported by Kidney Health Australia (2010). In addition, chronic renal disease was expected to affect 15% of U.S. adults in 2017, per the Centers for Disease Control and Prevention (CDC). According to the CDC, over 96% of those with kidney damage or impaired kidney function do not realize they have chronic renal disease. Over the projected period, these factors are likely to fuel expansion in the global market for implanted bioartificial kidneys.
Several government agencies and private companies are making efforts to educate the public about renal ailments. For instance, in May of 2018, the American Kidney Fund (AKF) unveiled a brand-new, in-depth online resource for learning about kidney illness. “CKD Central” is an online hub for learning about and managing chronic kidney disease (CKD). In addition, The Kidney Project is a government-funded research initiative with the ultimate goal of developing a miniaturized, implantable, and self-sustaining bioartificial kidney for the treatment of end-stage renal illness (ESRD). It is hoped that this kidney would give patients with ESRD an alternative to the temporary treatment of renal dialysis and the expensive and scarce kidney transplant.
The growth of the global implantable bioartificial kidney market is likely to be slowed by stringent regulatory rules for approval and manufacture, reimbursement, and risks and complications associated with dialysis treatment.
Implantable Bioartificial Kidney Market: Regional Analysis
Over the projected period, the market for bioartificial kidneys intended for implantation in humans is anticipated to be led by North America. More than 661,000 Americans suffered from kidney failure in 2017, and nearly half of them, 468,000, were undergoing dialysis treatment, as reported by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK). In late 2018 or early 2019, researchers from UC San Francisco (UCSF), Vanderbilt University, and the National Institute of Biomedical Imaging and Bioengineering (NIBIB) hope to begin testing an artificial kidney. Over the projected period, these drivers are likely to contribute to the expansion of the market for implantable bioartificial kidneys in North America. In 2016, Brazil has the second-most kidney transplant programs worldwide, according data from the Brazilian Transplant Registry.
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Implantable Bioartificial Kidney Market: Taxonomy
The market for implantable bioartificial kidney worldwide is divided based on the end user, and region.
By End User:
- Organ Transplant Centers
- North America
- Asia Pacific
- Latin America
- Middle East
Table of Contents with Major Points:
- Key Findings
- Definitions and Assumptions
- Definition of Implantable Bioartificial Kidney Market
- Market Dynamics
- Trends and Developments
- Key Emerging Trends
- Key Developments Mergers and Acquisition
- New Product Launches and Collaboration
- Partnership and Joint Venture
- Latest Technological Advancements
- Insights on Regulatory Scenario
- Porters Five Forces Analysis
Qualitative Insights Impact of COVID-19 on Global Implantable Bioartificial Kidney Market
- Supply Chain Challenges
- Steps taken by Government/Companies to overcome this impact
- Potential opportunities due to COVID-19 outbreak
- Data Sources
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