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.
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.
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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