(PharmaNewsWire.Com, March 23, 2018 ) Renal diseases are a progressive loss of proper functioning of the kidneys and associated renal system over a longer period of time is fueling the market because of its high incidence rate worldwide.
The kidneys have a number of life-sustaining functions, such as cleansing blood by filtering waste products and excess fluid, regulating blood pressure, and maintaining the balance of salt and minerals. When the kidney failure occurs, they ultimately lose their vital function, which is fatal. Kidney damage/failure can be developed acutely (AKI) and over the time (CKD). Three types of treatment are most prevalent to cure the kidney failure: prescription medications, surgical intervention, dialysis (peritoneal dialysis, hemodialysis, and continuous renal replacement therapy), which are frequently used in combination to treat a single case of renal failure.
Some of the key drivers of Renal Disease Therapeutics Market are increasing aging population, growing awareness of both acute and chronic kidney disease, and increasing number of individuals with insurance due to the Affordable Care Act, Increasing Diabetic Population, and growing demand for the advanced diagnostics and therapeutics for the disease. Disparities of Renal Transplant Therapy, expiring of patents of some of the branded drugs for the late stage CKD and changing reimbursement scenario in some of major countries, Negative Societal Effects are the restraints that are hindering the growth of the market.
The Renal Disease Therapeutics market is segmented based on the Application, and treatment. Application mode is segmented into Kidney Stone Disease, End-Stage Kidney Disease, Kidney Failure, Chronic Kidney Disease, Hypertension, Diabetes, and Anaemia. The treatment segment is further categorized into Dialysis Equipment, Renal Denervation devices, Wearable artificial kidney device, and distal embolic protection devices. On the basis of geography, the global market is analysed under various regions namely North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa. As of now, North America region dominates the global Renal Disease Therapeutics market. Europe comes next. However, the Asia-Pacific is projected to show highest CAGR over the forecast period owing to increasing number of high blood pressure and diabetic patients and growing demand for advanced diagnostics and therapeutics in the region.
Some of the major players in this market are Amgen Inc., Merck & Co., Inc., Bristol-Myers Squibb Company, Hoffmann-La Roche Inc., Shire Inc., Fresenius Medical Care, Baxter International, Davita Healthcare Partners.
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