Global Chronic Kidney Disease (CKD) Drugs Industry
With an increase in the incidence of chronic kidney conditions, report analysts believe that the global market for chronic kidney disease drugs will witness good growth over the forecast period. According to reports, the market is likely to grow at a CAGR of 3.2% during the forecast period. From US$ 12.87 billion in 2016, it should reach to US$ 16.13 billion in 2023. The expected market growth is attributed to a steady rise in the incidence of chronic kidney diseases, increasing prevalence of diabetes and metabolic conditions, and growth in the geriatric population. Important unmet requirements and beneficial reimbursement policies are also boosting the global market. Certain factors such as fierce competition from biosimilars and increasing preferences of generic drugs might hinder market growth to an extent.
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Kidneys are important organs that balance salts and minerals, make red blood cells, make hormones to control blood pressure, remove wastes from the blood, and maintain strong and healthy bones. Chronic kidney disease is a condition in which the kidneys get damaged and are unable to filter blood the way they should. This builds up wastes in the body, which in turn can result in many health problems. Timely care and treatment can help protect the kidneys and prevent the condition from worsening.
Chronic kidney disease is more common in people suffering from diabetes, high blood pressure, anemia, and other heart conditions. The complications of the condition can be controlled by taking medicines that reduce high blood pressure and cholesterol levels, increase red blood cells, strengthen bones, and protect the blood vessels. The drugs market for chronic kidney disease is highly competitive and has a number of players. Some prominent ones that dominate the market are AddVie, GlaxoSmithKline, Amgen, Roche, and AstraZeneca.
The Global Chronic Kidney Disease (CKD) Drugs Market has been segmented on the basis of different aspects. The market is also segmented according to region. This segmentation has been followed with the goal of extracting insights into the Chronic Kidney Disease (CKD) Drugs Market that are both detailed as well as accurate. The Global Chronic Kidney Disease (CKD) Drugs Market has been segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa on the basis of region.
The Global Chronic Kidney Disease (CKD) Drugs Market is divided by region into Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa. Analyzing the Global Chronic Kidney Disease (CKD) Drugs Market on a global basis instead of a regional basis results in missing various key trends that are prevalent on a region by region basis. Studying the above regions reveals different trends as well as different opportunities that could result in gaining an outlook that could benefit the market over a long period of time.
Latest industry news
The key players in the Global Chronic Kidney Disease (CKD) Drugs Market have been busy acquiring startups and participating in collaborations, mergers, and innovations. This report highlights how the most prominent vendors in the market have been contributing to the market. In addition to highlighting the most prominent vendors, the report also takes a look at promising new players in the Global Chronic Kidney Disease (CKD) Drugs Market.
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