PUBLISHER: The Business Research Company | PRODUCT CODE: 1427872
PUBLISHER: The Business Research Company | PRODUCT CODE: 1427872
Kidney diseases encompass a range of conditions affecting the function and structure of the kidneys, vital organs responsible for filtering waste and excess fluids from the blood, regulating electrolyte balance, and producing hormones that control blood pressure and red blood cell production.
The main types of treatments for kidney disease include medication, dialysis, surgery, and others. Medication involves the use of drugs or pharmaceutical substances to treat, manage, or prevent various medical conditions associated with kidney diseases. These treatments are indicated for conditions such as acute kidney injury, chronic kidney disease, end-stage renal disease, and others, administered through oral and parenteral routes of administration. Various end-users, including hospitals and diagnostic laboratories, utilize these treatments.
The kidney disease research report is one of a series of new reports from The Business Research Company that provides kidney disease market statistics, including the kidney disease industry's global market size, regional shares, competitors with a kidney disease market share, detailed kidney disease market segments, market trends, and opportunities, and any further data you may need to thrive in the kidney disease industry. This kidney disease market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The kidney disease market size has grown strongly in recent years. It will grow from $99.22 billion in 2023 to $106.6 billion in 2024 at a compound annual growth rate (CAGR) of 7.4%. The growth observed in the historical period can be attributed to several factors, including the increasing prevalence of chronic health conditions, an aging population, genetic predisposition to kidney diseases, advancements in medical research and education, and the influence of environmental factors.
The kidney disease market size is expected to see strong growth in the next few years. It will grow to $136.97 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to various factors, including the global management of infectious diseases, the adoption of precision medicine approaches in kidney care, the epidemic of diabetes and obesity, changes in healthcare policies, and increased awareness and screening for kidney-related conditions. Notable trends expected in the forecast period encompass the use of telemedicine in kidney care, a heightened focus on preventive nephrology, an increase in home-based dialysis options, the development of regenerative therapies, and the emphasis on dietary modifications and nutrition for kidney health.
The anticipated increase in the incidence of kidney diseases is expected to drive the growth of the kidney disease market. Kidney diseases encompass a range of conditions affecting the structure and function of the kidneys. Medications for kidney disorders play a crucial role in managing symptoms, reducing protein loss, and slowing the progression of kidney damage, ultimately preventing complications. In June 2023, Kidney Research UK reported that an estimated 7.19 million people in the UK were affected by chronic kidney disease, representing over 10% of the population and projected to rise to 7.61 million people by 2033. Therefore, the heightened incidence of kidney diseases serves as a significant driver propelling the growth of the kidney disease market.
The increasing prevalence of high blood pressure and diabetes is expected to contribute significantly to the growth of the kidney disease market. High blood pressure, characterized by elevated blood force against arterial walls, and diabetes, a metabolic disorder leading to high blood glucose levels, are major contributors to kidney diseases. The sustained damage caused by high blood pressure and diabetes to the small blood vessels in the kidneys can result in kidney damage, impacting their ability to effectively filter waste and excess fluids from the blood. According to the National Diabetes Statistics Report, approximately 38.4 million people in the United States will have diabetes in 2023, constituting 11.6% of the population. Therefore, the increasing prevalence of high blood pressure and diabetes is a driving force behind the growth of the kidney disease market.
An emerging trend gaining traction in the kidney disease market is the integration of AI-driven tools. Companies in the kidney disease market are adopting new technologies, particularly AI solutions, to enhance patient outcomes and maintain their competitive edge. For instance, Carenostics, a US-based healthcare startup specializing in AI solutions, has introduced a product designed to analyze electronic health record (EHR) data for the early identification of chronic kidney disease (CKD). By seamlessly integrating AI-powered clinical decision support models into healthcare providers' EHR systems, Carenostics empowers clinicians to accurately identify high-risk patients with chronic diseases, facilitating proactive measures for improved patient outcomes.
Major companies in the kidney disease market are adopting a strategic partnership approach to enhance patient care, drive innovation, and expedite the commercialization of therapies. Southern California Kidney Consultants Inc., a US-based medical practices company, has partnered with Strive Health, a US-based healthcare company, to improve kidney disease treatment and care. The partnership involves 21 providers primarily based in Orange County, serving 5,000 patients with chronic kidney disease (CKD) and end-stage renal disease (ESRD).
In January 2023, AstraZeneca Pharmaceuticals LP, a US-based biopharmaceutical company, completed the acquisition of CinCor Pharma Inc. for $1.8 billion. This strategic move enables AstraZeneca to bolster its cardiorenal portfolio by incorporating CinCor's promising compound, baxdrostat (CIN-107). Baxdrostat, an aldosterone synthase inhibitor (ASI), is designed to lower blood pressure in patients with treatment-resistant hypertension, including those with chronic kidney disease. CinCor Pharma Inc. is a US-based clinical-stage biopharmaceutical company specializing in kidney disease medications and treatments.
Major companies operating in the kidney disease market report are Pfizer Inc., Johnson & Johnson Ltd., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi Aventis LLC, Bristol-Myers Squibb Company, AstraZeneca Pharmaceuticals LP, Abbott Laboratories, Fresenius SE & Co. KGaA, GlaxoSmithKline Plc., Takeda Pharmaceutical Company Limited, Eli Lilly and Co Ltd., Gilead Sciences Inc., Amgen Inc., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Astellas Pharma Inc., Vertex Pharmaceuticals Inc., Otsuka Pharmaceutical Co. Ltd., Mitsubishi Tanabe Pharma Corporation, Aurobindo Pharma Limited, Dr. Reddy's Laboratories Ltd., Kyowa Kirin Co. Ltd., Cipla Inc., Endo International plc., Lupin Limited, Kissei Pharmaceutical Co. Ltd.
North America was the largest region in the kidney disease market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the kidney disease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the kidney disease market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The kidney disease market consists of revenues earned by providing services such as hemodialysis, peritoneal dialysis, and kidney transplantation. The market value includes the value of related goods sold by the service provider or included within the service offering. The kidney disease also includes sales of drugs such as galafold, sibnayal, tarpeyo, and cystadrops. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Kidney Disease Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on kidney disease market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for kidney disease ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The kidney disease market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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