Market Challenges And Opportunities

Artificial Kidney Market Drivers

Frequent research and development activities for the development of artificial kidney is expected to be a major driver fueling global artificial kidney market growth over the forecast period.

For instance, currently the University of California San Francisco (UCSF), the University of Vanderbilt, and the National Institute of Biomedical Imaging and Bioengineering (NIBIB) in collaboration are working to develop implantable artificial kidney under project named the Kidney Project. The novel artificial kidney under development uses microchip filters and living kidney cells powered by a patient’s own heart.

The artificial kidney under development is currently under preclinical trials and is expected to get the U.S. Food and Drug Administration approval in late 2019 or early 2020.

Furthermore, according to the data published by Organ Procurement & Transplantation Network in 2018, around 95,235 patients in the U.S. are on waiting list for kidney transplant. Hence, approval of such breakthrough artificial kidney by the U.S. Food and Drug Administration in near future, could fulfill the unmet medical needs and save life of thousands of patients currently on the kidney transplant list.

Artificial Kidney Market Restraint

Artificial kidney is a state of the art technology, hence after its approval the price of such breakthrough device is expected to be very high, which in turn is expected to restrain the global artificial kidney market growth over the forecast period.