The Global Renal Disease Market is accruing and expected to gain further prominence over the forecast period mainly due to the growing prevalence of chronic Renal Disease, technological advancements and availability of effective treatments. According to a recent study report published by the Market Research Future. The Worldwide Renal Disease Market is forecasted to accrue USD 14291.2 Million by 2023 with a striking CAGR of ~6.3% during 2017 and 2023.
Business Overview of Renal Disease Market Players:
Abbott (US), Amgen Inc. (US), Baxter (US), Bristol-Myers Squibb Company (US), Keryx Biopharmaceuticals, Inc. (US), NephroGenex, Inc. (US), Novartis AG (Switzerland), Pfizer Inc. (US), Sanofi (France), and Shire Pharmaceuticals Limited (Republic of Ireland) are some of the prominent players competing in the Global Market of Renal Disease and are profiled in MRFR Analysis.
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Renal Disease Market Segmentation:
Global Renal Disease Market has been segmented on the basis of type which comprise acute kidney problems (Prerenal, Postrenal, Renal and others), chronic kidney diseases, and others. On the basis of diagnosis, it segmented into Blood Tests (Serum Creatinine, Glomerular Filtration Rate(GFR), Blood Urea Nitrogen (BUN), fasting blood glucose test), Urine test (Urinalysis, Protein urine test, Microalbuminuria test, Creatinine Clearance test), Imaging test (Ultrasound, CT Scan ), Removing a sample of kidney tissue for testing and others. On the basis of treatment, it segmented into medication (High blood pressure medications, Medications to lower cholesterol levels, Medications to treat anemia, Medications to relieve swelling, Medications to protect your bones), Dialysis (Hemodialysis, Peritoneal dialysis), kidney transplant (Deceased-donor kidney transplant, Living-donor kidney transplant, Pre-emptive kidney transplant ), surgery (Nephrectomy and radical nephrectomy, nephron-sparing surgery (NSS), nephrolithotripsy , Extracorporeal shock wave lithotripsy (ESWL), and others), diet and others.
Regional Analysis of Renal Disease Market:
Considering the global scenario of the market, North America region is believed to be the largest market for Renal Disease. Moreover the European market is also growing and second largest market for Renal Disease. On the other hand, Asia-Pacific market is expected to grow at the fastest pace in the Renal Disease during the forecasted period. Rest of the World is likely to have a limited but steady growth in the market.
Most Renal diseases attack the nephrons. This damage may leave kidneys unable to remove wastes. Causes can include genetic problems, injuries, or medicines. Diabetics and high blood pressure patients have a higher risk of kidney disease. Chronic Renal disease damages the nephrons slowly over several years.
Kidney transplants which can be performed using a kidney from a deceased donor or an organ from a living donor, if certain biological factors can be matched are only part of the picture. Efforts to find desperately needed donors, both living and dead, can only go so far, and the use of dialysis as a stopgap measure is far from optimal. Despite significant improvements in the surgery and new techniques that allow far more options for matching living donors, there is a significant shortage of available kidneys. As a result, doctors are now looking to stop kidney disease before it starts.
Characterized by the presence of several major players, having nternational recognition; the global market of Renal Disease appears to be highly fragmented and competitive. Marketers compete based upon price and brand reinforcement. Well established players incorporate acquisition, collaboration, partnership, expansion, and technology launch in order to gain competitive advantage in this market and to maintain their market position.
Key Players operating in the market compete based on pricing, innovation and service. In view of growth and immense revenue generation opportunities potential that market is currently demonstrating is in turn attracting several new entrants to enter the Renal Disease market.
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