The new report by Expert Market Research titled, ‘Global Chronic Renal Failure Therapeutic Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’, gives an in-depth analysis of the global chronic renal failure therapeutic market, assessing the market based on its product type and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2018-2028)
• Forecast CAGR (2023-2028): 6%
Chronic renal failure is primarily caused by cardiovascular and metabolic conditions. The higher incidence of such risk factors results in a substantial rise in the number of chronic kidney disease. The geriatric population in the Europe, Asia, and United States accounts for the majority of the industry for this disease. In the coming years, the increasing prevalence of chronic renal failure will boost the industry’s potential growth of therapeutics for chronic renal failure. The development of innovative inhibitors of hypoxia-inducible factor prolyl hydroxylase (HIF-PH) also will help to propel the chronic renal failure therapy industry growth.
Industry Definition and Major Segments
Chronic kidney failure, also known as chronic renal failure, refers to the failure of renal functions over a prolonged period of time. Patients in stage 6 have a glomerular filtration rate which is lower than 15 mL per minute. Dialysis is required to treat their renal failure.
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Based on product type, the market is divided into:
• Antihypertensive Therapeutics
• Antianemia Therapeutics
• Others
On the basis of region, the market is divided into:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Market Trends
The rising prevalence of chronic kidney diseases, technology developments in kidney disease diagnostics, and the surging necessity early diagnosis are the factors driving the growth of the chronic kidney disease market during the forecasted period. The worldwide incidence of chronic kidney disease (CKD) is rising rapidly, and it is expected becoming the fifth leading cause by 2040 for years of life lost. Immunotherapy has piqued the interest of many corporations and has been identified as among the most efficient treatment options for kidney cancer, particularly renal cell carcinoma. Erythropoietin stimulating agents are also frequently used to prevent anaemia, that is a major ailment in patients with CKD.
Key Market Players
The major players in the market are Amgen Inc. (NASDAQ: AMGN), AstraZeneca Plc, F. Hoffmann-La Roche Ltd., Bayer AG, Pfizer Inc., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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