PUBLISHER: SkyQuest | PRODUCT CODE: 1673624
PUBLISHER: SkyQuest | PRODUCT CODE: 1673624
U.S. Secondary Hyperparathyroidism (SHPT) Treatment Market size was valued at USD 5.8 billion in 2023 and is poised to grow from USD 6.21 billion in 2024 to USD 10.75 billion by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).
Secondary hyperparathyroidism (SHPT) is a significant concern for individuals with chronic kidney disease (CKD), affecting approximately 15% of adult Americans, as projected by the CDC. With the prevalence of CKD increasing among older adults, treatment costs for SHPT are also on the rise. While medications are commonly used, surgical options are reserved for severe cases but are less favored due to high costs and the availability of effective pharmaceuticals. Notably, SHPT medications were incorporated into Medicare's Part B coverage in January 2018, facilitating access for many patients. Additionally, numerous nonprofit organizations assist those lacking full insurance, effectively reducing treatment expenses. Nonetheless, substantial out-of-pocket costs persist, indicating a need for ongoing support in managing SHPT treatment.
Top-down and bottom-up approaches were used to estimate and validate the size of the U.S. Secondary Hyperparathyroidism (Shpt) Treatment 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.
U.S. Secondary Hyperparathyroidism (Shpt) Treatment Market Segments Analysis
U.S. Secondary Hyperparathyroidism (SHPT) Treatment Market is segmented by Drug Class, End User. Based on Drug Class, the market is segmented into Calcimimetics, Vitamin D Analogues and Phosphate Binders. Based on End User, the market is segmented into Hospitals & Retail Pharmacies, Online Channel and Others.
Driver of the U.S. Secondary Hyperparathyroidism (Shpt) Treatment Market
The U.S. Secondary Hyperparathyroidism (SHPT) Treatment market is poised for growth due to the high incidence of vitamin D deficiency among patients with end-stage renal disease (ESRD). Research from OPKO Health, Inc. indicates that over 97% of ESRD patients display vitamin D deficiency, a significant indicator of SHPT onset. As chronic diseases linked to sedentary lifestyles continue to rise, this trend will likely enhance the demand for effective SHPT treatments. Consequently, the increasing recognition of vitamin D's crucial role in managing SHPT is expected to significantly drive the market forward, reflecting a broader public health challenge.
Restraints in the U.S. Secondary Hyperparathyroidism (Shpt) Treatment Market
The U.S. Secondary Hyperparathyroidism (SHPT) Treatment market faces significant constraints that hinder its growth potential. While advancements in early and preventive therapies and the convenience of at-home genetic testing present opportunities, concerns regarding patient privacy and the security of genetic information act as major deterrents. Many consumers worry about losing control over their DNA data and related information once it is submitted for testing. This apprehension limits the willingness to engage with diagnostic tools, ultimately affecting the overall adoption of treatment options for SHPT. Consequently, these factors are expected to impede market expansion in the coming years.
Market Trends of the U.S. Secondary Hyperparathyroidism (Shpt) Treatment Market
The U.S. Secondary Hyperparathyroidism (SHPT) treatment market is experiencing significant growth driven by increased awareness among healthcare professionals regarding the condition, leading to improved early detection and evaluation of mineral metabolism disorders in chronic kidney disease (CKD) and end-stage renal disease (ESRD). As medical practices evolve, there is a stronger emphasis on proactive treatment strategies, reducing complications associated with SHPT management. This paradigm shift is anticipated to accelerate market expansion during the forecast period, reflecting a greater demand for innovative therapies and enhanced patient outcomes in addressing SHPT effectively. Overall, the market is poised for robust progression as stakeholders prioritize improved clinical practices.