Wearable artificial kidney
is a new trend shaping the nephrology and urology device market and replaces
stationary hemodialysis machines. Traditionally, patients undergoing a renal
replacement surgery had to be subjected to large blood cleansing machines,
disabling free movement and freedom of living. In 2015, the FDA approved the
clinical testing of wearable artificial kidney and in 2016, a prototype was
tested in the University of Washington. The nephrology and urology devices
market has been discussing the feasibility and development of artificial
kidneys since more than a decade, and the future seems to be very promising as
the test was successful with positive result.
THE BUSINESS RESEARCH COMPANY EXPECTS
THE NEPHROLOGY AND UROLOGY DEVICES MARKET TO GROW TO $25
BILLION BY 2021
Asia Pacific was the
largest region in the nephrology and urology devices market in 2017, accounting
for more than one-third of the market share.
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According to The Business Research Company’s Consultant, Nitin
Gianchandani, lithotripters are non-invasive medical devices developed to treat
kidney and pancreatic stones. In the procedure, kidney stones are broken up by
passing high energy electromagnetic shock and sound waves while the patient
sits inside a water bath. The non-surgical procedure is gaining popularity as
traditional therapies involved complicated and painful surgeries and long
recovery times.
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report at: https://www.thebusinessresearchcompany.com/sample.aspx?id=266&type=smp
Baxter International Inc.
was the largest competitor with 19.74% of the market, generating revenues of
$3.9 billion for the financial year 2016. Baxter International’s growth
strategy is to improve its product offerings by investing in research and
development activities. The company invested about $159 million in 2016 for
research and development of its products, highest since 2014. Baxter also separated
its bioscience business into Baxatla which provided the company flexibility to
formulate its growth and investment strategies.
Nephrology and urology
devices are used in the treatment and diagnosis of diseases related to kidney
(Nephrology) and genitourinary system including urinary tract systems of both
genders and male reproductive system problems (Urology). Most commonly occur
diseases related to those systems are chronic kidney diseases (CKD), kidney
stones, end stage renal disease (ESRD), urinary incontinence, pelvic organ
prolapse and benign prostatic hyperplasia (BPH).
Nephrology And Urology Global Market
Report 2018 is a detailed report giving a unique
insight into this market. The report is priced at $4000 for an individual user.
To use across your office, the price is $6000 and $8000 if you wish to use
across a multinational company.
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