Market Trends of India Artificial Organs and Bionics Industry
This section covers the major market trends shaping the India Artificial Organs & Bionics Market according to our research experts:
Artificial Kidney Segment is Expected to Show Growth Over the Forecast Period
A wearable artificial kidney is a wearable dialysis machine. An individual with end-stage renal disease may use a wearable artificial kidney on a daily or even continuous basis. The increasing incidence and prevalence of renal failures in India are expected to drive the segment growth.
Kidney failure has become a burden in the country recently. As per the data published by Medindia in June 2022, almost 66% of kidney failure occurs due to hypertension or diabetes and there are nearly 7.85 million people suffering from chronic kidney failure in India. Additionally, as per the source mentioned above the incidence of kidney failure (or chronic kidney disease) has doubled over the past decade in the country. This shows a disease burden in the country. Thus, is expected to create demand for the adoption of artificial kidneys for patient survival, fueling the segment towards growth.
Furthermore, the article 'The future of the artificial kidney' published in October 2021 stated that in India, diabetes mellitus and hypertension are the main causes of chronic kidney disease and end-stage renal disease (ESRD), which is on the rise. In India, hemodialysis is the most widely used renal replacement therapy (RRT). Additionally, the source mentioned above also stated that the field of the artificial kidney is seeing exciting new advances that are frequently parallel and connected. Thus, owing to the rise in ESRD coupled with the adoption of artificial kidneys in India and technological advancements, the segment is predicted to witness growth over the forecast period.
Therefore, owing to the aforesaid factors the segment is expected to witness growth over the forecast period.
