Portable and Wearable Dialysis Devices Market Overview, Growth, Trends, Analysis, Research Report (2021-2031)

The portable and wearable dialysis devices market size is projected to reach US$ 6.29 billion by 2031 from US$ 3.63 billion in 2022. The market is expected to register a CAGR of 6.3% in 2023–2031. Technological advancements in novel dialysis devices are likely to remain a key portable and wearable dialysis devices market trend.

Portable and Wearable Dialysis Devices Market Analysis

Kidney dialysis equipment is used in the treatment of patients with chronic kidney conditions. The equipment includes a dialyzer that filters out waste products as well as excess blood fluids when kidneys fail to perform their function adequately. Emerging portable dialysis devices offer a new generation of devices that could provide individuals with kidney failure more options to access a home-based, point-of-care treatment. The growing number of end-stage renal disease patients and the limited availability of organ donors are expected to favor the development of novel portable and wearable devices.

Portable and Wearable Dialysis Devices Market Overview

As highlighted by the Nation Kidney Foundation, 22,817 people in America received a kidney transplant in 2020; however, over 100,000 Americans are still waiting for a kidney transplant. Most patients awaiting a kidney transplant are surviving on long and unwieldy dialysis treatments multiple times a week. The limited availability of kidney donors upsurges the adoption and awareness of wearable and portable devices for treating end-stage kidney disease (ESKD).

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Portable and Wearable Dialysis Devices Market: Strategic Insights

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Portable and Wearable Dialysis Devices Market Drivers and Opportunities

Mounting Prevalence of Chronic Kidney Diseases (CKD) to Favor Market

CKD is associated with a high risk of heart diseases and ESKD and has emerged as one of the most prominent causes of death in recent times. As per an article published in ScienceDirect in April 2022, CKD is a progressive disease affecting over 10% of the population worldwide, representing over 800 million individuals. Dialysis equipment is required to manage patients with impaired kidney function. The wearable and portable hemodialysis devices offer patients an improved quality of life under therapy by allowing them to continue their daily activities. Additionally, the rise in the aging population bolsters the growth of the portable and wearable dialysis devices market.

Rising R&D Expenditure – An Opportunity in the Development of New Portable Dialysis Products

A paradigm shift from conventional hemodialysis to portable and wearable devices has resulted in increased R&D investments for advancements in dialysis devices. Manufacturers are focusing on adopting growth strategies such as product innovation, product launches, approvals, government funding, and partnerships as their developmental strategies to maintain the competitive environment in the market. For instance, in September 2023, AWAK Technologies had over $20 million in Series B funding. The Singapore-based medical technology company develops regenerative dialysis technology for end-stage renal disease. The proceeds were co-led by Lion X Ventures and Vickers Venture Partners, with the other key investors with multibillion-dollar assets under management in the healthcare sector. The funds will help AWAK complete its clinical trial, improve its product portfolio, and move closer to conducting a pivotal US-based trial before launching in the market. Such investments are likely to bring future opportunities for the Portable and Wearable Dialysis Devices market.

Portable and Wearable Dialysis Devices Market Report Segmentation Analysis

Key segments that contributed to deriving the portable and wearable dialysis devices Market analysis are product type and end user.

• Based on product type, the portable and wearable dialysis devices market is divided into hemodialysis and peritoneal dialysis. The hemodialysis segment held a larger market share in 2023.
• The market by end user is segmented into hospital, clinic, and homes. The hospital segment dominated the market in 2023.

Portable and Wearable Dialysis Devices Market Share Analysis by Geography

The geographic scope of the Portable and Wearable Dialysis Devices Market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

North America has dominated the portable and wearable dialysis devices market. Factors such as the increasing prevalence of ESKD, rising adoption of peritoneal dialysis treatments in home settings, and the presence of leading market players in the region propel regional growth. According to the United States Renal Data System (USRDS) data report, the number of individuals with ESRD peaked at 808,330 in 2019, 107% more than in 2000. It slightly decreased to 807,920 in 2020. Additionally, between 2010 and 2020, the proportion of dialysis patients who received treatment at home increased from 6.8% to 13.3%. Moreover, the market will likely experience growth opportunities in Canada and Mexico due to growing medical tourism and increasing product launches. Asia Pacific is anticipated to grow with the highest CAGR in the coming years.  

Portable and Wearable Dialysis Devices Market Regional Insights

The regional trends and factors influencing the Portable and Wearable Dialysis Devices Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses Portable and Wearable Dialysis Devices Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Portable and Wearable Dialysis Devices Market Market Report Scope

Market Players Density: Understanding Its Impact on Business Dynamics

The Portable and Wearable Dialysis Devices Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Portable and Wearable Dialysis Devices Market are:

1. B. Braun Melsungen AG
2. Baxter International Inc
3. AllMed Healthcare Management, Inc
4. Asahi Kasei Corporation
5. Fresenius Kabi AG
6. AWAK Technologies

Disclaimer: The companies listed above are not ranked in any particular order.

Portable and Wearable Dialysis Devices Market News and Recent Developments

The portable and wearable dialysis devices market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market for portable and wearable dialysis devices:

• Nextkidney BV acquired Dialyss Pte Ltd. The acquisition of this Singapore-based company significantly allowed Nextkidney to boost the development and commercialization processes of its portable hemodialysis device—Neokidney. It is a small, user-friendly, cost-effective home hemodialysis device capable of handling 4 liters of dialysate per session. The device is independent of water supply and drain, rendering it available to patients anytime and anywhere (Source: Nextkidney BV, Press Release, 2022)
• Fresenius Medical Care North America (FMCNA) and DaVita Kidney Care expanded their agreement to provide home dialysis solutions in the US. This product line includes NxStage home hemodialysis (HHD) machines, dialysis supplies, and a connected health platform. The agreement aims to empower more chronic kidney failure patients to opt for home dialysis, which can improve their quality of life. (Source: DaVita Inc, Company Website, 2021)

Portable and Wearable Dialysis Devices Market Report Coverage and Deliverables

The “Portable and Wearable Dialysis Devices Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Market dynamics such as drivers, restraints, and key opportunities
• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
• Detailed company profiles