Nephrogenic Systemic Fibrosis (NSF) Treatment Market: Study
Fact.MR, Rockville MD: Market research firm Fact.MR ongoing study on the nephrogenic system fibrosis (NSF) treatment market presents a positive outlook for growth post a temporary period of lull amid COVID-19 outbreak. According to the Cleveland Clinic, the disease was first observed in 1997. It is a rare condition that affects around 4% of patients with severe kidney problems.
With studies suggesting the incidence to rise in response to the increasing cases of renal disorders, the demand for effective treatment is picking up. Thanks to improved awareness about various rare conditions, patients and their families are rendered conscious about treatment methods. This has resulted in several launches in 2019. Some of these medications have passed their initial trials and are expected to be approved by 2021.
Against this backdrop, Fact MR identifies 2021 as a crucial year for the market, paving its trajectory for the upcoming decade. Launch of effective drugs to ensure speedy recovery even among patients with severely chronic ephrologicaldisorders continues to give tailwinds to growth registered in the market.
According to the report, the market has impressive prospects for growth. Thanks to continued focus on research and development, the nephrogenic systematic fibrosis treatment market is expected to gain momentum in the coming years.
“While the exact data on prevalence of NSF disorder is yet to be determined, cases have been identified globally. While developed countries present a lucrative market, developing regions are falling behind due to lack of awareness. Nonetheless, the rising cases of kidney disorders and resultant increasing incidence of NSF disorders will continue fuelling the demand the demand for effective treatment,” said a lead analyst at Fact MR.
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Key Takeaways from Fact MR’s Nephrogenic Systemic Fibrosis (NSF) Treatment Market Report
- North America’s market for NSF treatment is expanding because of higher awareness and recent Food and Drug Administration (FDA) approval on drugs for NSF treatment
- Increasing healthcare expenditure will support expansion of the market in Europe
- Increasing cases of renal disorders will place Asia Pacific as a lucrative region
Nephrogenic Systemic Fibrosis (NSF) Treatment Market – Prominent Drivers
- Rising cases of chronic kidney disorders and injuries will continue aiding growth
- Research and development initiatives undertaken by players such as Merck Corporation, Johnson & Johnson, and others towards introducing effective treatment for end-stage kidney diseases will continue driving growth
Nephrogenic Systemic Fibrosis (NSF) Treatment Market – Key Restraints
- Lack of awareness is expected to inhibit growth in under-developed countries
- Stringent regulations implemented on drug approvals could hold-back growth to an extent
Discover more about the nephrogenic systemic fibrosis (NSF) treatment market with figures data tables and table of contents. You can also find detailed market segmentation at https://www.factmr.com/report/3347/nephrogenic-systemic-fibrosis-nsf-treatment-market
Some of the leading players operating in the market are Sanofi, Allergan PLC, Valeant Pharmaceuticals, Pfizer Inc., Merck & Co., Inc, Teva Pharmaceuticals, Novartis AG, and Johnson & Johnson Services, Inc.
A majority of the market players have been focusing on research and development initiatives. They are primarily aiming for FDA approvals. While lack of awareness about the disease might create obstacles, increasing prevalence of the condition will offer growth opportunities.
More Insights into Nephrogenic Systemic Fibrosis (NSF) Treatment Market
In its latest report, Fact.MR offers unbiased analysis of the global nephrogenic systemic fibrosis treatment market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of therapy (extracorporeal photopheresis, hemodialysis, ultraviolet A phototherapy, plasmapheresis, and physical therapy), drugs (hemorrheologic agents, immunomodulatory drug, alkylating agents, kinase inhibitors, and antifungal or nephroprotective agents), and end use (hospitals, specialty clinics, dermatology centers, and ambulatory surgical centers) across eight regions (North America, Latin America, Western Europe, Eastern Europe, Japan, China, Asia Pacific, and the Middle East & Africa)
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