Report : Portable and Wearable Dialysis Devices Market Forecast to 2027 - COVID-19 Impact and Global Analysis by Product Type (Haemodialysis, Peritoneal Dialysis); End Users (Hospital, Clinic, Homes); and Geography
Portable and Wearable Dialysis Devices Market for Hemodialysis Products to Grow at Highest CAGR
According to The Insight Partners market research study on “Portable and Wearable Dialysis Devices Market to 2027 – Global Analysis and Forecast, by Product Type and End User,” the market is expected to reach US$ 4,393.8 million by 2027 from US$ 3,023.1 million in 2019; it is estimated to grow at a CAGR of 5.0% from 2020 to 2027. The report highlights trends prevailing in the global portable and wearable dialysis devices market and the factors driving the market growth, along with those hindering it.
Based on product type, the global portable and wearable dialysis devices market is segmented into hemodialysis and peritoneal dialysis. The hemodialysis segment held a larger share of the market in 2019 on the back of the advantages of these devices and greater applicability of this technique in home-based services. Moreover, various companies operating in the market are engaged in the development of wearable and portable hemodialysis devices. For instance, in February 2020, Fist Assist Devices, LLC, a Silicon Valley startup, received European CE Mark approval for its eponymous wearable device named Fist Assist. The device works to widen up the vein’s diameter while preparing for fistula placement.
The portable and wearable dialysis devices market growth is attributed to factors such as increasing number of ESRD patients, and limited availability of organ donors. However, reimbursement concerns in emerging market and technical challenges in WAK and WDD development hinder the growth of the market.
B. Braun Melsungen AG; Baxter International Inc; AllMed Healthcare Management, Inc; Asahi Kasei Corporation; Fresenius Kabi AG; AWAK Technologies; Quanta Dialysis Technologies Ltd; Medtronic; and Nipro are among the leading companies operating in the portable and wearable dialysis devices market.
The report segments global portable and wearable dialysis devices market as follows:
By Product Type
By End User