Chronic Kidney Disease Treatment Market to Grow with a CAGR of 4.72% through 2028
Increase in the incidence of Chronic Kidney Disease and
advancements in healthcare technology is expected to drive the Global Chronic
Kidney Disease Treatment Market growth in the forecast period, 2024-2028.
According to
TechSci Research report, “Chronic Kidney Disease Treatment Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2028”,
the Global Chronic Kidney Disease Treatment Market stood at USD 32.05 billion
in 2022 and is anticipated to grow with a CAGR of 4.72% in the forecast period,
2024-2028. The awareness among individuals regarding Chronic Kidney Disease
Treatment has led to favorable market conditions for the global Chronic Kidney
Disease Treatment market. Several factors contribute to the growth of various Chronic
Kidney Disease Treatment products.
The increasing
worldwide incidence of Chronic Kidney Disease (CKD) is a substantial catalyst
for the Global CKD Treatment Market. Multiple factors, including an aging
population, sedentary lifestyles, unhealthy dietary habits, the prevalence of
diabetes and hypertension, environmental factors, genetic predispositions, and
delayed detection, collectively contribute to the escalating CKD burden. With
the continuous growth in CKD prevalence, there is a heightened demand for
efficacious treatments and interventions, firmly establishing the CKD treatment
market as a pivotal element within the broader global healthcare landscape.
Technological
advancements in treatment modalities play a pivotal role in driving the Global
Chronic Kidney Disease (CKD) Treatment Market. These advancements not only
enhance the efficacy of treatments such as hemodialysis, peritoneal dialysis,
and kidney transplantation but also expand healthcare accessibility through
telemedicine and remote monitoring solutions. As technology continues to
progress, the CKD treatment market is poised to experience further innovations
that elevate the quality of care and enhance the overall well-being of CKD
patients. This, in turn, reinforces the market's growth and underscores its
significance within the global healthcare industry, which will further fuel
market growth.
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2023, AbbVie Announces Positive Topline Results from Second Phase 3 Study of
OnabotulinumtoxinA (BOTOX® Cosmetic) for the Treatment of Platysma Prominence.
Awareness
initiatives emphasize lifestyle modifications, such as maintaining a healthy
diet, regular exercise, and managing risk factors like diabetes and
hypertension. These efforts are instrumental in preventing CKD or slowing its
progression.
In today's
fast-paced world, the ability to work and be economically active is essential.
CKD treatment, including dialysis or transplantation, allows individuals to
maintain their employment and financial stability. This, in turn, supports
their quality of life and reduces the economic burden on healthcare systems. CKD
treatment can significantly enhance the quality of life for affected
individuals. By managing symptoms and complications, such as high blood
pressure, anemia, and mineral imbalances, treatment helps patients lead more
fulfilling lives despite their condition. CKD treatment aims to slow disease
progression and prevent complications like heart disease, stroke, and bone
disorders. By addressing these comorbidities, treatment reduces the risk of
further health complications that can disrupt a fast-paced lifestyle. Kidney
transplantation and dialysis, in particular, enable patients to maintain their
mobility and independence. This is crucial for individuals who need to keep up
with work, family responsibilities, and other commitments. CKD treatment often
involves managing anemia, a common complication. By addressing anemia,
treatment helps patients feel more energetic and better equipped to handle the
demands of a fast-paced life. Many CKD patients continue to lead active lives
that involve travel and flexibility. Dialysis centers in various locations and
advances in home-based peritoneal dialysis make it possible for patients to
adapt their treatment to their lifestyle.
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Healthcare
expenditure has facilitated the integration of telemedicine and telehealth
solutions into CKD care. Patients can now access consultations with
nephrologists and healthcare providers remotely. This not only enhances
convenience but also ensures continuous care, even in remote or rural areas.
In recent times,
rising rates of diabetes, hypertension, and obesity. CKD treatment has become
essential in managing and mitigating the impact of this growing health concern.
CKD often coexists with other chronic conditions, such as cardiovascular
diseases and diabetes. Effective CKD treatment plays a vital role in managing
these comorbidities, preventing complications, and improving overall health
outcomes. Advances in healthcare delivery, including telemedicine and remote
monitoring, have improved access to CKD treatment for individuals, including
those in remote or underserved areas. Patients can now receive specialized care
and consultations more conveniently. CKD disproportionately affects certain
populations, including minority communities. Recent efforts in healthcare
equity emphasize the importance of ensuring that CKD treatment is accessible
and effective for all individuals, regardless of their background. However, the
Economic Barriers and Healthcare Disparities may hinder market growth.
Moreover, challenges related to Limited Awareness and Late Diagnosis may pose
obstacles to the Chronic Kidney Disease Treatment market in the near future.
The Global Chronic
Kidney Disease Treatment Market is segmented into product type, end-user,
regional distribution, and company.
Based on its product
type, the Diagnosis segment has emerged as the predominant market leader, While
CKD treatment encompasses various approaches, including medications, dialysis,
and transplantation, the Diagnosis segment serves as the foundation upon which
all treatment decisions are made. Early detection and accurate staging of CKD
are fundamental to determining the appropriate treatment approach. Diagnosis
helps healthcare providers assess the severity of the disease, allowing them to
tailor treatment plans to individual patients' needs. Diagnosing CKD involves
identifying the underlying causes, such as diabetes, hypertension, or genetic
factors. Understanding the root cause of CKD guides treatment strategies,
including lifestyle modifications and targeted interventions. Progression
Tracking: The Diagnosis segment includes regular monitoring of kidney function
through tests like serum creatinine levels, glomerular filtration rate (GFR),
and urinary albumin-to-creatinine ratio. This monitoring is essential for
tracking disease progression over time. By closely monitoring kidney function,
healthcare providers can make timely treatment adjustments. For instance, they
may modify medication dosages, recommend dietary changes, or initiate dialysis
when necessary, based on the progression of CKD.
Based on region,
North America segment is expected to grow during the forecast
period. North America boasts a highly developed healthcare
infrastructure with numerous specialized kidney care centers, hospitals, and
nephrology departments. The region has a significant prevalence of CKD risk
factors, including diabetes and hypertension. This high disease burden drives
demand for CKD diagnosis and treatment. North America is a hub for medical
research and innovation. It leads in clinical trials and the development of new
CKD treatments and therapies. Many North American countries have comprehensive
healthcare coverage systems, ensuring that a substantial portion of the
population can access CKD diagnosis and treatment services.
The Asia-Pacific
market is poised to be the fastest-growing market, offering lucrative growth
opportunities for Chronic Kidney Disease Treatment players during the forecast
period. Factors such as the Asia-Pacific region has seen a significant increase
in CKD prevalence, primarily due to lifestyle changes, urbanization, and an
aging population. Many countries in the Asia-Pacific region are investing
heavily in expanding their healthcare infrastructure. This includes the
establishment of nephrology centers, dialysis units, and transplant facilities.
There is a growing awareness of CKD and its risk factors in the region. Public
health campaigns and healthcare education initiatives are contributing to early
diagnosis and treatment. Several governments in the Asia-Pacific region are
implementing CKD management programs and policies to improve access to care and
reduce the disease burden. As economies in the region grow, there is an
increase in healthcare spending, which is expected to drive the demand for CKD
diagnosis and treatment services.
Major companies
operating in Global Chronic Kidney Disease Treatment Market are:
- AbbVie Inc.
- Amgen Inc.
- Bayer AG
- Bristol-Myers Squibb Company
- F. Hoffmann-La Roche Ltd
- GlaxoSmithKline PLC
- Merck & Co. Inc.
- Pfizer Inc.
- Sysmex Corporation
- Teva Pharmaceutical Industries Ltd
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“The Advancements
in Healthcare Technology and increasing incidence of CKD are key drivers of the
Chronic Kidney Disease Treatment and supplement market. In recent years, the
growing Ongoing advancements in healthcare technology, including innovations in
diagnostics, dialysis machines, transplantation techniques, and
pharmaceuticals, have expanded the range of treatment options available to CKD
patients. Moreover, the growing consumer emphasis on preventative healthcare
products has enhanced production and marketing efforts. To meet the demands of
the market, manufacturers are increasingly incorporating cutting-edge
technologies with high production efficiency. Rising consumer acceptance and
continuous product innovation will further ensure the growth of the Chronic
Kidney Disease Treatment and supplements market in the coming years.,” said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based
management consulting firm.
“Chronic Kidney Disease Treatment Market By
Type (Chronic Kidney Disease Treatment B, Chronic
Kidney Disease Treatment E, Chronic Kidney Disease Treatment D, Chronic Kidney
Disease Treatment C, Chronic Kidney Disease Treatment A, Chronic Kidney Disease
Treatment K), By Application (Healthcare products, Pharmaceuticals, Food and
beverages, Animal Feed, Personal care), By Source (Synthetic, Natural, Plant,
Animal, Others), By Form (Powder, Tablets, Capsules, Soft gels, Gummies), By
Distribution Channel (Hospital Pharmacies, Retail Pharmacies, and E-stores,
Hypermarkets/supermarkets), By Region, By
Competition Forecast & Opportunities, 2018-2028F”,
has evaluated the future growth potential of Global Chronic Kidney Disease
Treatment Market and provides statistics & information on market size,
structure and future market growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Chronic Kidney
Disease Treatment Market.
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