Renal Disease Market to Witness Robust Expansion throughout the Forecast to 2027

By 2023, a CAGR of 6.32% is expected to reach USD 133,451.06 million for the Renal Disease Market size. When the kidney cannot function properly, this renal disease occurs.

The Global Renal Disease Market, as per the research report of Market Research Future (MRFR), is showing possibilities of attaining a CAGR of 6.32% in a bid to surpass a valuation of USD 133,451.06 Million till 2023. Renal diseases are also known by a different name, kidney diseases. The occurrence of the disease can happen due to several reasons like pollution, changing lifestyle, high intake of protein, and others.

The detailed report of MRFR provides light on the impact heaved upon the sector by rising in the geriatric population, better diagnostic procedures, growing awareness regarding the disease, and others. Diabetes and hypertension can also impact market growth. However, high healthcare costs and stringent regulation costs can pull back the renal disease market growth.

Renal disease is often associated with diabetes, kidney diseases and hypertension. Rising prevalence such diseases is partly influencing the market. Nevertheless, stringent regulatory norms and increased healthcare costs are some of the major challenges for the market.

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Segmentation:

The global renal disease market can be discussed on a platform provided by segments like disease type, treatment type, and end user.

  • By disease type, the global market for renal disease can be segmented into chronic kidney disease and end-stage renal diseases (ESRD).
  • By treatment type, the global market report on renal disease includes medications, dialysis, and kidney transplantation.
  • By end user, the global renal disease market report can be segmented into hospitals clinics, dialysis centers, and research academic institutes.  

Competitive Landscape:

Several players showing interest in the renal disease market are Amgen Inc. (US), Abbott (US), Bristol-Myers Squibb Company (US), AstraZeneca (US), Fresenius Medical Care AG Co. KGaA (UK), F. Hoffmann-La Roche Ltd (Switzerland), Keryx Biopharmaceuticals, Inc (US), GlaxoSmithKline PLC (UK), Pfizer Inc. (US), Sanofi SA (France), Novartis AG (Switzerland), Kissei Pharmaceutical Co., Ltd (Japan), and Teva Pharmaceutical Industries Ltd (Israel).

Regional Analysis

The Americas have a better potential to perform well among its peers in the renal disease market. The regional market had the largest market share of which the lion’s share comes from North America where the US and Canada contribute the most. These two countries are known for their extensive market contribution. This has been possible for the countries as they have robust infrastructure, strong reimbursement policies to cover the needs of the people, a better influx of investment for research development purpose and others. The rising geriatric population is also registering growth in numbers for renal diseases.

Europe’s growth in terms of the market for renal diseases is quite extraordinary. As per the reports published in 2015 in the European Renal Association’s annual report, 10% of the European population are affected by various forms of renal diseases. Better availability of diagnostic procedures can also make sure that the market for renal disease gains better prospects.

The Asia Pacific region has a vast population that can trigger the growth of the market. This has the potential of emerging as the fastest-growing region in the coming years. Countries like China, India, and South Korea are impacting the market with high investment. This region is also profiting much as a destination for outsourcing of clinical trials, drug manufacturing, and pathology testing.

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Industry News:

In November 2019, Cricket Health published a white paper named "Machine Learning for Chronic Kidney Disease Detection Risk Stratification," saying that it has a model for machine learning the symptoms of a possible kidney malfunctioning, which can contribute in having chronic kidney disease (CKD) detected.

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