Market Trends of Saudi Arabia Artificial Organs & Bionic Implants Industry
This section covers the major market trends shaping the Saudi Arabia Artificial Organs & Bionic Implants Market according to our research experts:
Bionic Segment by Product is Estimated to Witness a Healthy Growth in Future.
According to a 2019 report by the Centers for Disease Control and Diagnostics, Diabetes is one of the most common causes of chronic kidney disease (CKD) and the primary cause of kidney failure. Hemodialysis is a method for removing waste products such as creatinine and urea, as well as free water from the blood when the kidneys are in kidney failure. The artificial kidney is used to clean the patient's blood. Hence, the other name for an artificial kidney is also called a dialysis machine. Dialysis is an important function of the body, which involves filtration and excretion of metabolic waste products, regulation of necessary electrolytes and fluids and stimulation of red blood cell-production. Hence, as the prevalence of kidney failure increases, the demand for an artificial kidney is also expected to increase. Moreover, As per the United Nations, Department of Economic and Social Affairs, an estimate of around 1,169,000 population aged over 65 years in Saudi Arabia. The presence of such a large number of people aged over 65 years is more prone to have organ failure. Thus the increasing prevalence of the aging population likely positively impacts the segment growth.