Chronic Kidney Disease (CKD) Market Size Is Expected to Exhibit a CAGR of 5.2% By 2023 | COVID-19 Impact, Growth Projection and Future Trends
Research Reports
Dec 29, 2020
Chronic Kidney Disease Market Research Report: By Diagnosis (Blood Test, Urine Test, Biopsy), by Treatment (Drugs, Dialysis, Kidney Transplant), by Indication (Type 1 or Type 2 Diabetes, High Blood Pressure), End-User (Hospitals) – Global Forecast Till 2023
Chronic Kidney Disease Market Segment Review
The global chronic kidney disease market is studied among the segments of diagnosis, treatment, indication, and end-user.
By the segment of diagnosis, the chronic kidney disease market has included a urine test, blood test, imaging test, and kidney biopsy.
By the segment of treatment, the chronic kidney disease market has included dialysis, drugs, and kidney transplant. Drugs segment is further segmented into angiotensin-ii receptor blockers, ace inhibitors, beta-blockers, calcium channel blockers, and erythropoiesis-stimulating agents.
By the segment of indication, the chronic kidney disease market has included Type 1 or Type 2 diabetes, polycystic kidney disease, high blood pressure, and others.
By the segment of end-user, the chronic kidney disease market has included diagnostic centers, hospitals and clinics, and others.
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Chronic Kidney Disease Market Top Players
The top key plaers in chronic kidney disease market are Siemens, Sysmex, F. Hoffmann-La Roche Ltd, URIT Medical, ACON Laboratories, Inc., ARKRAY, OPTI Medical, 77 Elektronika, Nova Biomedical, Teva Pharmaceutical Industries Ltd., Randox Laboratories, AstraZeneca Plc, Amgen Inc., F. Hoffmann-La Roche Ltd., Pfizer Inc., GlaxoSmithKline Plc, AbbVie Inc., Sanofi S.A., and Kissei Pharmaceutical Co. Ltd.
Chronic Kidney Disease Market Landscape
Chronic Kidney Disease Market stocks pulled momentous share marks a slightly higher, as a handful of companies continued to power the new market, despite the ongoing COVID 19 pandemic that has affected most of the markets globally. Market Research Future signaled that the global Kidney Disease Market size could witness more stimulus as it is expected to swell at a CAGR of 5.2% during the forecast period. Moreover, at this pace, the market will be gaining elevated revenue by the end of the year 2023. The entire growth period for the market is calculated to be from 2017 to 2023.
The chief factors liable for the growth of the chronic kidney disease market include the mounting incidence of chronic kidney diseases, technological advancements in the diagnostic tests for kidney diseases, as well as growing early detection. Chronic kidney disease causes a reduction of kidney function and might expand over many years that might lead to end-stage kidney disease (ESRD). The disease has become a massive public health issue.
In the case of point, from a 2019 report by the Center for Disease Control and Prevention, approximately 15% of the adults in the United States account for approximately 37 million people. These are estimated to have CKD. Consequently, a high number of cases of chronic kidney diseases might boost the treatment demand for the products leading to the towering growth of the market.
The mounting cases of this disorder, mainly among the elderly, are probable to become a significant growth-driving factor for the market over the assessment period. On the contrary, the factor of rising competition among diverse chronic kidney disease drugs available in the market is anticipated to become a foremost limiting factor for the market growth for the assessment period.
Chronic Kidney Disease Market Regional Outlook
Geographically, in Europe, the chronic kidney disease market is motivated by the development of the medical device industry and the growing awareness about risk factors for kidney diseases. Additionally, the escalating diabetic population and considerable investments in the medical device sector by significant market players also stimulate the growth of the market. Germany, the largest market for chronic kidney diseases, is mainly driven by the rising government support for research and development, rising emphasis on the development of new drugs, and accessibility of funds for research.
The Asia Pacific is the highest growing chronic kidney disease market owing to the growing prevalent diseases such as diabetes and cardiovascular diseases. Improving hospital infrastructure, the existence of skilled healthcare professionals, and rapid development in healthcare technology are also expected to hasten the growth of the market during the forecast period.
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The Middle East and Africa seize the least share of the chronic kidney disease market owing to limitations to technology and unawareness about kidney diseases and their treatments.
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