PUBLISHER: SkyQuest | PRODUCT CODE: 1647474
PUBLISHER: SkyQuest | PRODUCT CODE: 1647474
US Secondary Hyperparathyroidism Treatment (SHPT) Market size was valued at USD 6.1 billion in 2023 and is poised to grow from USD 6.51 billion in 2024 to USD 11.03 billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).
The US Secondary Hyperparathyroidism Treatment (SHPT) market is set for steady growth, driven by the increasing prevalence of chronic kidney disease (CKD), which currently affects approximately 37 million Americans or 15% of adults, particularly those aged 65 and older. This rise in CKD cases correlates with escalating treatment costs for SHPT, characterized by elevated parathyroid hormone levels. While medications are commonly prescribed, surgical options remain less favored due to higher costs despite their effectiveness. The inclusion of SHPT medications in Medicare's Part B since January 2018, along with support from various nonprofit organizations for uninsured patients, has improved access to treatment. However, significant out-of-pocket expenses persist, highlighting the need for continued market innovation and affordable solutions.
Top-down and bottom-up approaches were used to estimate and validate the size of the US Secondary Hyperparathyroidism Treatment (Shpt) market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
US Secondary Hyperparathyroidism Treatment (Shpt) Market Segments Analysis
US Secondary Hyperparathyroidism Treatment (SHPT) Market is segmented by Drug Class and Distribution Channel. Based on Drug Class, the market is segmented into Calcimimetics, Vitamin D Analogues and Phosphate Binders. Based on Distribution Channel, the market is segmented into Hospitals & Retail Pharmacies, Online Channel and Others.
Driver of the US Secondary Hyperparathyroidism Treatment (Shpt) Market
The market for secondary hyperparathyroidism (SHPT) treatment in the United States is being propelled by the widespread occurrence of vitamin D deficiency, particularly among patients with end-stage renal disease (ESRD), where over 97% demonstrate this deficiency, signaling the progression of SHPT. This trend is further exacerbated by the rising prevalence of chronic diseases associated with sedentary lifestyles, driving demand for effective treatment options. Additionally, government initiatives aimed at establishing better management standards for SHPT significantly influence this market. These initiatives focus on regulating biochemical factors related to mineral and bone metabolism, which are crucial for mitigating cardiovascular risks and preventing bone fractures in affected patients.
Restraints in the US Secondary Hyperparathyroidism Treatment (Shpt) Market
The U.S. Secondary Hyperparathyroidism Treatment (SHPT) market faces significant restraints, primarily stemming from concerns surrounding the privacy and security of genetic information. While procedures like early and preventive therapy offer substantial benefits, the option for at-home genetic testing, although convenient, raises alarms about the confidentiality of patients' DNA data. Many individuals undergoing treatment for secondary hyperparathyroidism are apprehensive about losing control over their genetic material and the data extracted from testing methods. These privacy concerns are expected to hinder the adoption of diagnostic tools, ultimately stifling market growth in the projected timeframe.
Market Trends of the US Secondary Hyperparathyroidism Treatment (Shpt) Market
The US Secondary Hyperparathyroidism Treatment (SHPT) market is witnessing a significant uptrend driven by heightened awareness among medical professionals regarding the condition's management. This increased recognition facilitates earlier detection and intervention, paving the way for improved treatment strategies for mineral metabolism in patients with chronic kidney disease (CKD) and end-stage renal disease (ESRD). As advancements in SHPT management continue to evolve, the market is projected to experience accelerated growth during the forecast period, with a reduction in complications associated with SHPT leading to enhanced patient outcomes. Consequently, this trend is poised to attract greater investment and innovation in therapeutic solutions for SHPT.