A new market study, titled “Discover Global Chronic Kidney Disease Drugs Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
Chronic Kidney Disease Drugs Market
Chronic Kidney Disease is the gradual loss of kidney function in the body that leads to kidney failure. This disease includes conditions that damage the kidney by building up high levels of fluid, electrolytes and wastes in the body. With kidney disease, the kidneys cannot function properly or perform the natural kidney function like filtering wastes and excess fluids from the blood that is excreted in the urine. The chronic kidney disease includes diabetes, high blood pressure, interstitial nephritis, glomerulonephritis and polycystic kidney disease. A wide variety of chronic kidney disease drugs are available as medication for different diseases.
The Chronic Kidney Disease showcases symptoms such as nausea, loss of appetite, sleep problems, persistent itching, vomiting, fatigue and weakness, decreased mental sharpness, high blood pressure, shortness of breath, swelling of ankles and feet, and chest pain. Theses symptoms may happen slowly over a long period of time and eventually lead to end-stage kidney failure that will ultimately require dialysis or a kidney transplant of the patient. There are five stages of kidney disease and chronic kidney disease drugs show their intended effect based on how well or worse the kidney is functioning.
The global chronic kidney disease drugs market report points towards the primary driver that is the increasing prevalence of kidney problems and diseases in the population all over the globe. The market value is expected to grow at a forecast period from 2019 to 2026. The other factors like rising in the ageing population that is more susceptible to various diseases due to poor immunity are also propelling the growth of the global chronic kidney disease market. The continuous requirement of drugs to treat patients suffering from kidney disorders is also expected to contribute to the growth of the global chronic kidney disease market.
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Key Players of Global Chronic Kidney Disease Drugs Market =>
Key players are adopting strategies such as mergers and acquisitions, product launches, partnerships, and regional expansion to stand out as strong competitors in the market
Depending on the drug classes, the global chronic kidney disease drugs market can be split into:
- Calcium channel blockers
- ACE inhibitors
- Erythropoiesis-stimulating agents
The calcium channel blockers hold a significant share as they are commonly used for the treatment of kidney diseases.
By distribution channel, the global product market can be classified into:
- Hospital pharmacies
- Retail pharmacies
- Online pharmacies
Hospital pharmacies dominate the global market whereas the online pharmacies are also expected to grow at a faster rate due to the secure transactions that are provided by the online retailers for the treatment medications that are needed by the patents on a regular basis.
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According to the CDC, in 2017, approximately 15% of the adults in the US have chronic kidney disease. North America dominates the regional market segment owing to a number of cases of diabetes and the growing rate of the obese population. The increase in awareness of chronic kidney disease by government organizations is expected to fuel the global market growth. Europe holds the second-largest share in the global chronic kidney disease drugs market due to the increasing pool of patients that are suffering from kidney cancer. The Asia-Pacific region is projected to offer the most market growth due to the development of healthcare infrastructure, favourable government norms and the growing awareness among the people of chronic kidney disease.
Evotec has teamed up with Swiss pharma company Vifor to create a 50:50 venture focusing on developing drugs for kidney diseases. Vifor is putting around $28 million to provide a commercial platform for drugs that will be produced from the partnership, where Evotec will provide the drug discovery capabilities
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