Global Bioartificial Kidney Market is Estimated to Grow at a CAGR of 36.87% over the Forecast Period (2022 - 2030)

2022-04-02 04:04:15 By : Mr. Zhenghai Ge

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PUNE, India , March 9, 2022 /PRNewswire/ -- Coronavirus disease accounted for a total of over 1,250,000 deaths worldwide and has effects on a variety of organs, including the kidneys. One of the key factors for susceptibility to COVID-19 may be the presence of CKD (chronic kidney disease). According to the Centers for Disease Control and Prevention (CDC), approximately 15% of adults in the United States suffer from CKD. Virus infections in the kidney can occur in a variety of ways. When viruses become trapped in glomeruli, they multiply and can cause direct damage to the host tissue. Public-private organizations are currently focusing on chronic diseases, and the growing promise of kidney innovation is expected to create opportunities for major players in the Bioartificial Kidney market. Bioartificial Kidneys supplement traditional artificial kidneys and dialysis systems by adding aspects of living cellular and tissue function in an attempt to better resemble normal kidney function. The Bioartificial Kidney is linked to two major arteries in the patient, one that transports blood to be filtered in and one that transports filtered blood back into the body.

According to the CDC, approximately 96 percent of people with kidney damage are unaware that they have chronic kidney disease. These factors are expected to drive the growth of the global Bioartificial Kidney market during the forecast period. Furthermore, market leaders are making significant strides towards the development of Bioartificial Kidneys, including The Regents of the University of California working on the Kidney Project's implantable Bioartificial Kidney. This project promises to free kidney disease patients from diagnostic equipment and transplant waiting lists, which has now becoming a reality. In September 2021 , the company developed KidneyX, which is a demonstration of a functional prototype of its artificial kidney. KidneyX is a public-private partnership established by the United States Department of Health and Human Services (HHS) and the American Society of Nephrology (ASN) to enhance innovation in the prevention, prognosis, and treatment of kidney diseases.

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Global Bioartificial Kidney Market Scope:

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Key Takeaways - Global Bioartificial Kidney Market:

Absolute Markets Insights has segmented the Global Bioartificial Kidney Market based on clinical trial, application, end-user, and region.

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Global Bioartificial Kidney Market Clinical Trial Outlook (Revenue, USD Million, 2022 - 2030)

Global Bioartificial Kidney Market Application Outlook (Revenue, USD Million, 2022 - 2030)

Global Bioartificial Kidney Market End-User Outlook (Revenue, USD Million, 2022 - 2030)

Global Bioartificial Kidney Market Regional Outlook (Revenue, USD Million, 2022 - 2030)

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Key Companies In The Global Bioartificial Kidney Market Are:

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