Chronic Kidney Disease Market Opportunities, Growth Startegies, and Company Revenue Analysis Report 2023
Chronic Kidney Disease Market
According to the USD Analytics published latest research report, the global Chronic Kidney Disease Market is expected to grow at a tremendous CAGR of 5.2% during the forecast period 2023-2030.
Chronic kidney disease impairs the kidneys’ capacity to filter blood waste. Kidney disease raises the likelihood of developing heart and blood vessel problems. Chronic kidney disease is a major global health issue, impacting about one in every ten individuals globally. According to the Centers for Disease Control and Prevention in the United States, chronic kidney disease affects around 37 million individuals.
Market Drivers:
The increasing attention of governments to enhance their nations’ healthcare systems, as well as sophisticated technology and medical gadgets, are likely to boost the Chronic Kidney Disease Market. Increased investment in medical research & development and medication approvals by regulatory authorities are likely to drive the Chronic Kidney Disease Market.
Market Restraints:
However, various problems, such as undiagnosed and unreported instances, may restrict the development of the chronic kidney disease market, and illness awareness may also influence future regular kidney disease market growth. On the contrary, substantial variables may contribute to market expansion since chronic kidney disease is linked with serious consequences such as anemia, hyperparathyroidism, and metabolic acidosis. Furthermore, branded pharmaceutical therapy with solid safety and effectiveness evidence and greater range coverage, such as impulse control, has potential.
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Recent Industry Developments:
- Bayer offered a finer enone medication in India in August 2022 to treat chronic kidney disease (CKD) linked with type 2 diabetes.
- Health Canada authorized GlaxoSmithKline’s (GSK) New Drug Submission (NDS) for daprodustat, an oral hypoxia-inducible factor prolyl hydroxylase inhibitor (HIF-PHI), for the possible treatment of chronic kidney disease (CKD) anemia in July 2022.
Segmentation Analysis:
As per the research analysis the global chronic kidney disease market is segmented by type of treatment into drugs, blood test, ACE inhibitors, dialysis, transplantation of kidneys and others; by end user into hospitals & clinics, ambulatory surgery centres (ASCs), dialysis centres, and others; and by route of administration into oral, intravenous, and subcutaneous.
The chronic kidney disease market has been classified into medications, blood tests, ACE inhibitors, dialysis, kidney transplantation, and others, depending on the kind of therapy. The drugs segment is to hold the majority share in 2022 in the chronic kidney disease market revenue. This is owing to increasing government support for research and development and the availability of research funds. Furthermore, a greater emphasis on creating novel pharmaceuticals enhanced government support for R&D and the available funds for research efforts.
Geographical Analysis:
The global chronic kidney disease market is segmented into North America, Europe, South America, Asia Pacific, and Middle East & Africa.
North America Chronic Kidney Disease Market
During the projection period, North America is estimated to increase at a CAGR of 23.5 percent. Countries in the area, such as the United States and Canada, are taking steps to enhance the diagnosis and treatment of chronic renal disease. Chronic Kidney Disease in the Region Increased healthcare spending in North American nations also contributes to market growth.
Asia Pacific Chronic Kidney Disease Market
Asia Pacific is the second-largest region and is predicted to account for most of the Chronic Kidney Disease Market. The leading Chronic Kidney Disease Key Players have introduced hemodialysis machines, dialyzers, bloodline systems, and peritoneal dialysis systems. This is projected to fuel the region’s Chronic Kidney Disease Market.
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Competitive Landscape:
The key players included in the global chronic kidney disease market are Amgen Inc., ProKidney, Reata Pharmaceuticals, Inc, Abbott Laboratories, F. Hoffmann-La Roche Ltd, Fresenius Medical Care AG & Co. KGaA, Siemens Healthineers, Cincor Pharma, Allena Pharmaceuticals, DiaMedica Therapeutics Inc, Lexicon Pharmaceuticals, AbbVie Inc., AstraZeneca plc, Bayer AG, Bristol-Myers Squibb Company, GlaxoSmithKline plc, Johnson & Johnson, Keryx Biopharmaceuticals, Inc. Kissei Pharmaceutical Co., Ltd.
, Merck & Co. Inc., Teva Pharmaceutical Industries Ltd., Novartis International AG, Pfizer Inc, Sanofi SA.
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Website: https://www.usdanalytics.com/industry-reports/chronic-kidney-disease-market
