NEW YORK, Nov. 24, 2014 /PRNewswire/ -- The global market for dialysis services will amount to about $73 billion in 2014, but in the long term the normally stable customer services could change with new technologies, according to Kalorama Information. The dialysis services segment, as described in Kalorama's report, The World Market for Dialysis Equipment and Services, has been characterized to date by a small, high-value foundation of customers that rendered the sector noncyclical in nature and only minimally affected by the vagaries of the economy. The advent of devices from the likes of Blood Purification Technologies and AWAK Technologies, as well as development of Dr. Shuvo Roy's implantable artificial kidney, will revolutionize treatment for a disease that has not experienced substantial change in treatment options for over 60 years.
"Product development is advancing in dialysis systems," said Melissa Elder, the author of the report. "The FDA's Innovation Pathway program fast tracks and improves access to new medical innovations in dialysis and other areas of urgent need."
A Wearable Artificial Kidney (WAK), in development by Blood Purification Technologies Inc. of Beverly Hills, California, was placed in the FDA's fast-track program in 2012. They have clearance to begin human clinical trials at several academic medical centers, including the University of Washington and other major universities. The system by Awak Technologies is also a wearable artificial dialysis system for patients with end stage renal disease (ESRD). This system is designed to be carried in a shoulder bag. Dr. Shuvo Roy, an associate professor of bioengineering and therapeutic sciences at the University of California, has developed an early-stage implantable artificial kidney.
The World Market for Dialysis Equipment and Services notes breaking market developments and takes an in-depth look at both the equipment and service aspects of the dialysis industry. The report includes key data and analysis, including:
- Detailed Forecasts to 2017
- In-Depth Profiles of the Competitive Companies in Dialysis Treatment, Equipment and Supplies.
- Scores of Figures and Tables featuring useful data, demographic and market trends that can be used to supplement internal memos or presentations.
- Detailed World Dialysis Market Review including specific reviews of the dialysis service, equipment and supplies market in the United States, Japan, UK, Italy, India, China and Australia and Canada.
- Market Share of Major Care and Equipment Providers.
- The Changing Regulatory Environment.
- Detailed Patient Demographics
- Current Data, Forecasts and Trends.
The healthcare market researcher's trusted information-gathering process provides an accurate and penetrating study of the kidney dialysis market. Information and analysis presented in this report is based on extensive interviews with senior management of top companies and in the kidney dialysis and equipment industry. While major research literature and government information is culled, key market insights originate from interviews with industry leaders.
The implantable artificial kidney underdevelopment by Dr. Roy is a compact, surgically implanted system that would handle the majority of the functions of a biological kidney. The artificial kidney is designed to process blood continuously, an improvement over intermittent systems. Roy is working on the development of his implantable technology using MEMS (microelectromechanical systems) for biomedical applications. It is expected that it may take several more years of development and more financial investments to take the product to market, but the basis for the technology – and the potential for widespread change in the dialysis market – is there.
Other issues and trends explored in Kalorama's study include:
- Prismaflex System Software
- Wearable Artificial Kidney
- Implantable Artificial Kidney
These are several of the key issues and trends impacting the future of the dialysis market. Demographics, insurance and reimbursement issues, and consolidation in the industry will also continue to influence the outcome of the market in the future.
The World Market for Dialysis Equipment and Services (United States, Japan, UK, Italy, India, China, Australia and Canada) can be found at KI: http://www.kaloramainformation.com/redirect.asp?progid=86871&productid=7509847.
About Kalorama Information -- Kalorama Information, a division of MarketResearch.com, supplies the latest in independent medical market research in diagnostics, biotech, pharmaceuticals, medical devices and healthcare; as well as a full range of custom research services. We routinely assist the media with healthcare topics. Follow us on Twitter, LinkedIn and our blog.
SOURCE Kalorama Information