Portable and Wearable Dialysis Devices Market to Grow at a CAGR of 5.0% to reach US$ 4,393.8 Million from 2020 to 2027

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

  • Report Code : TIPRE00010481
  • Category : Medical Device
  • Status : Published
  • No. of Pages : 135
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The portable and wearable dialysis devices market is expected to reach US$ 4,393.8 million in 2027 from US$ 3,023.1 million in 2019. The market is estimated to grow with a CAGR of 5.0% from 2020 to 2027.

Portable dialysis devices are being used to reduce the disease burden by minimizing or completely eliminating dietary restrictions. Although dialysis machines are lifesavers, less attention is paid to them by the medical device industry. Portable dialysis machines are specifically designed for use at home setups or during traveling. These machines can considerably improve the quality of life by allowing patients to have dialysis while going around their daily activities. Wearable dialysis machines, also called wearable artificial kidneys, are disassembled dialysis equipment whose separate parts are fixed on to a belt that is worn around torso. 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.

Lucrative Regional Markets for Portable and Wearable Dialysis Devices

Lucrative Regional Markets for Portable and Wearable Dialysis Devices
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Market Insights

Increasing Number of ESRD Patients

Most individuals with end-stage kidney disease receive dialysis treatment to recompense for some of the lost kidney functions by removing excess fluids and metabolic wastes, such as urea, collected in the blood. The global prevalence of end-stage renal disease (ESRD) exceeded to 2 million individuals, while the worldwide incidence substantially increased from 44 per million population (pmp) in 1990 to 93 pmp in 2010. Moreover, nearly 750,000 patients per year in the US are affected by ESRD. Internationally, the numbers are staggering. According to the estimates, 4 million people worldwide suffer from ESRD, and the number of patients diagnosed with the disease continues to increase at a rate of 5–7% per year. Taiwan, Japan, Mexico, the US, and Belgium currently have the highest prevalence of ESRD as per the data provided by the United States Renal Data System in 2019.

Kidney transplantation is the best treatment for most patients with ESRD, but only a few are able to reap the benefit due to the shortage of donor organs. For instance, as per National Kidney Foundation Inc., in 2017, 746,557 Americans had kidney failure and required dialysis or a kidney transplant to survive. Nearly 500,000 of these patients received dialysis at least three times per week. Further, nearly 125,000 people started ESRD treatment in 2017, of which 120,834 started dialysis, and 20,945 received a kidney transplant. At the end of 2017, more than 222,848 Americans were living with a kidney transplant. Only 23,400 Americans received a kidney transplant in 2019, while about 100,000 Americans are waiting for one.

Current methods of dialysis not only put a lot of burden on a country’s healthcare system but also disrupt a patient’s lifestyle. Patients on dialysis have to adapt their lifestyle and routine to the schedule of the therapy. Therefore, research is underway to develop a wearable artificial kidney that would help individuals remove wastes and fluids through more frequent, prolonged, or continuous dialysis sessions on the go without interrupting their daily activities. This could improve patient’s health while reducing the impact of treatment on the quality of life. Hence, the adoption of the wearable artificial kidney is likely to experience rapid adoption, in turn propelling the market growth

Product Type Insights

Based on product type, the 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 owing to increasing incidence of chronic kidney diseases worldwide. Therefore, there is a large number of patients living with end-stage renal diseases who require hemodialysis, which is likely to drive the market for the same at a higher CAGR during the forecast period.

Global Portable and Wearable Dialysis Devices Market, by Product Type – 2019 and 2027

Global Portable and Wearable Dialysis Devices Market, by Product Type – 2019 and 2027
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

End User Insights

Based on end user, the portable and wearable dialysis devices market is segmented into hospital, clinics, and homes. The hospitals segment held the largest share of the market in 2019; however, the homes segment is estimated to register the highest CAGR in the market during the forecast period.

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Portable and Wearable Dialysis Devices Market: Strategic Insights

portable-and-wearable-dialysis-devices-market
Market Size Value inUS$ 3,023.1 Million in 2019
Market Size Value byUS$ 4,393.8 Million by 2027
Growth rateCAGR of 5.0% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Product launches and expansions are the commonly adopted strategies by companies to expand their footprints and product portfolios worldwide to meet the growing demand. The market players operating in the portable and wearable dialysis devices market adopt the strategy of collaborations and partnerships to enlarge customer base across the world, which also permits the players to maintain their brand name globally.

By Product Type

  • Hemodialysis
  • Peritoneal Dialysis

By End User

  • Hospital
  • Clinic
  • Home

By Geography

  • North America

    • US
    • Canada
    • Mexico
  • Europe

    • France
    • Germany
    • Italy
    • UK
    • Spain
  • Asia Pacific (APAC)

    • China
    • India
    • South Korea
    • Japan
    • Australia
  • Middle East and Africa (MEA)

    • South Africa
    • Saudi Arabia
    • UAE
  • South America

    • Brazil
    • Argentina

Company Profiles

  • B. Braun Melsungen AG
  • Baxter International Inc
  • AllMed Healthcare Management, Inc
  • Asahi Kasei Corporation
  • Fresenius Kabi AG
  • AWAK Technologies
  • Quanta Dialysis Technologies Ltd
  • Medtronic
  • Nipro
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Product Type ; End Users ; and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What is portable and wearable dialysis devices?

A portable dialysis device is used to reduce the disease burden by reducing or complete removal of dietary restrictions. Although dialysis machines are lifesavers, much attention is not paid to them by the medical device industry. Portable dialysis machines are specifically designed for home use or during traveling. Portable dialysis machines can considerably improve the quality of life by allowing patients to have dialysis while going around their daily activities. Wearable dialysis machines, also called a wearable artificial kidney, are disassembled dialysis equipment, separate parts of which are fixed on to a belt which can be worn around the torso.

What are the driving factors for the portable and wearable dialysis devices market across the globe?

The factors that are driving growth of the market are increasing number of ESRD patients, and limited availability of donor organs. Moreover, rising R&D expenditure for developing new portable dialysis products are offering lucrative opportunities for the growth of the market.

Who are the major players in the portable and wearable dialysis devices market?

The portable and wearable dialysis devices market majorly consists of the players such as 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 among others.

The List of Companies - Portable and Wearable Dialysis Devices Market

  1. ALLMED HEALTHCARE MANAGEMENT, INC.
  2. ASAHI KASEI CORPORATION
  3. AWAK TECHNOLOGIES
  4. B.BRAUN
  5. BAXTER INTERNATIONAL INC.
  6. FRESENIUS MEDICAL CARE AG AND CO. KGAA
  7. NIPRO
  8. Medetronic
  9. QUANTA DIALYSIS TECHNOLOGIES.

 

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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