GLOBAL WEARABLE ARTIFICIAL KIDNEY MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

 Regulatory bodies across the world have very high standards and strict protocols for approval of any new medical device or technology that interacts with the human body. Developing a wearable artificial kidney is an extremely complex task involving biomedical engineering as well as organ tissue regeneration. Such pathbreaking medical innovations require extensive research and testing to confirm long term safety and efficacy.

Market Opportunity – Increasing Research and Development Investments

Increasing adoption of inorganic growth strategies such as investments is expected to offer lucrative growth opportunities for the market growth. For instance, in January 2023, Nextkidney, a medical equipment company, announced that it had raised US$ 4.39 Mn for the development of portable artificial kidney.