Late stage chronic kidney disease therapeutics can be defined as the drugs which are used for the treatment of late-stage CKD – Induced, Hyperphosphatemia, Hyperparathyroidism and Hyperkalemia.
The dramatic increase in CKD prevalence have maintaining the unmet need for the late stage chronic kidney disease therapeutics. In spite of the introduction of new late stage chronic kidney disease therapeutics the market is expected to have opportunity to grow.
Late Stage Chronic Kidney Disease Therapeutics Market: Drivers and Restraints
The rise in the prevalence of CKD are the main reason for the increasing demand of late stage chronic kidney disease therapeutics. As per to CDC, 15% of the US adults are suffering from CKD and 48% of the CKD patients are not aware of the condition or not on dialysis.
On the other hand the introduction of new late stage chronic kidney disease therapeutics such as calcimimetic and new HK agents is expected to drive the growth of the late stage chronic kidney disease therapeutics market in the forecast period.
Favourable reimbursement policy for the late stage chronic kidney disease therapeutics and rising awareness among patients and practitioner for the consequences of CKD is also fuelling the market of late stage chronic kidney disease therapeutics.
In the saturated market of late stage chronic kidney disease therapeutics, the new entrants will face problem to establish their presence in the late stage chronic kidney disease therapeutics market. Although agreements and partnerships between dialysis centers and manufacturers will remain a key strategy to maintain dominance in late stage chronic kidney disease therapeutics market.
Late Stage Chronic Kidney Disease Therapeutics Market: Overview
Global late stage chronic kidney disease therapeutics market has witnessed growth due to rising prevalence of chronic kidney diseases. The introduction of new therapies and favorable reimbursement scenario for the late stage chronic kidney disease therapeutics also propel the growth of the market
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Late Stage Chronic Kidney Disease Therapeutics Market: Region-wise Outlook
Geography wise, late stage chronic kidney disease therapeutics market is divided into seven regions viz. North America, Latin America, Europe, Middle East & Africa (MEA), South Asia, East Asia and Oceania. Favorable reimbursement and rising prevalence of CKD in the North American region is expected influence the market and therefore the North America late stage chronic kidney disease therapeutics market will remain dominant in the forecast period.
Late Stage Chronic Kidney Disease Therapeutics Market: Key Market Participants
Some of the market participants in the global late stage chronic kidney disease therapeutics market identified across the value chain include: AbbVie, Amgen, Ardelyx, AstraZeneca, Deltanoid, Genzyme, Keryx, Kyowa Hakko Kirin, Mitsubishi Tanabe, OPKO Health, Relypsa, Sanofi, Shield Therapeutics, Shire, Spectrum, Vifor and ZS Pharma
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