The global kidney disease market is expected to witness significant growth during the forecast period. As per the reports of the CDC, it is expected that more than 37 million people in the U.S. suffer from CKD, whereas globally, more than 500 million people are affected. An increasing number of patients suffering from kidney failure is projected to drive the market.
Data Bridge Market Research analyses a growth rate in the global kidney disease market in the forecast period 2022-2029. The expected CAGR of the global kidney disease market tends to be around 5.50% in the mentioned forecast period. The market was valued at USD 96.72 billion in 2021, and it would grow up to USD 148.43 billion by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Drivers
- Increased Incidence of Kidney Diseases
The rising incidence of chronic kidney disease globally is majorly responsible for boosting the growth of the global renal drugs market. According to the National Kidney Foundation records, nearly 10% of the global population is affected by chronic kidney disease (CKD). As per WHO facts 2019, about 1.13 billion people worldwide have hypertension. In 2014–2016, diabetes and hypertension were responsible for around 75% of kidney failure. Thus, it boosts market growth.
- Technological Advancements
There have been many advances concerning diagnostic and treatment procedures that are boosting the market growth. For instance, in April 2020, FMCNA established the National Intensive Renal Care Reserve, which comprised devices that can deliver CRRT, IHD, and SLED/PIRRT. Any such conditions that cause reduced kidney function lead to chronic kidney disease (CKD), which may develop over a period and lead to end-stage renal kidney disease where the kidney can no longer function independently.
This global kidney disease market market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global kidney disease market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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