The global nephrology and urology devices market, a part of
the healthcare industry, grew at a compound annual growth rate (CAGR) of around
5% during the historic period. The healthcare industry showed a steady growth. The
growth is mainly driven by growing number of patients suffering from diabetes
and hypertension, kidney related diseases and rising adoption of dialysis
procedures over renal transplants are driving the market.
In the forecast period, the global nephrology and urology
devices market size is expected to be over $20 billion by 2021, growing at a CAGR
of nearly 4%. This is expected due to the expected increase in development of
minimally invasive treatment. Furthermore, rising population, increase in
dispensable income, and increasing per capita incomes are expected to drive the
global nephrology and urology devices market in the future.
Find TBRC’s report on the nephrology and urology devices
market: https://www.thebusinessresearchcompany.com/report/nephrology-and-urology-devices-global-market-report-2018
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.
Major companies in the nephrology and urology devices
market, offering weaarable technology include Baxter International Inc.,
Fresenius Medical Care AG & KGaA and Cook Group Incorporated.
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