Polycystic Kidney Disease Treatment Demand Fuelled by Rising Instances of ADPKD Across the World, Says Fact.MR
Fact.MR, a global research & consulting firm, in their updated edition of the report, indicated that the polycystic kidney disease treatment market is projected to reflect a steady growth pace in 2021 and beyond. Polycystic Kidney Disease (PKD) Treatment growth can be primarily attributed to advancements in technological, prompting to the expansion of a extensive array of drugs that will allow clinicians to offer enhanced assistance to polycystic kidney disease patients.
“Angiotensin-converting enzyme (ACE) inhibitors amid the other drug classes is the widespread adopted drug for treatment for polycystic kidney disease. Rising instances of patients suffering from autosomal dominant PKD (ADPKD) amid age group of 30-40 is the key aspect fuelling the need for polycystic kidney disease treatment alternatives.” states Fact.MR.
Increasing Governmental Support and r&d Activities Bolstering Industry Growth
Growing cases of ADPKD across the world, favourable reimbursements in developed nations and increasing prevalence of kidney failure, are the key aspects driving the industry growth. Growing awareness in developing nations, and increasing healthcare expenditure are further projected to boost the expansion of the PKD treatment industry.
Furthermore, governmental support in emerging countries and rise in r&d exercises for PKD treatment. For initial funding from the National Institutes of Health and PKD Foundation majority of the research has prompted a collaboration with a biotech company to examine a promising therapy for slowing cyst development in ADPKD patients.
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How Hospitals are Boosting Industry Growth?
Hospitals are anticipated to remain lucrative owing to it receives higher footfall of patients. In addition to this, hospitals have more cutting-edge infrastructure to support advance equipment. Bolstered by these aspects, FactMR forecasts hospitals to continue lead the industry and will continue hold more than half of dermal filler sales recorded worldwide.
How Huge is the Opportunity in the US?
The US will be a prominent region for polycystic kidney disease treatment due to rising patients inclination for early treatment and diagnosis, as well as favourable reimbursement policies. Sturdy geographical existence of the leading companies in the region is further projected to fuel the region’s growth.
Additionally, the UK and Germany is likely to hold the second biggest share in the polycystic kidney disease treatment industry. However, China and India will record a strong CAGR expansion due to growing awareness and increasing number of patient suffering from kidney ailment. In addition, geographical growth of major companies is further a notable aspect propelling the polycystic kidney disease treatment industry.
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Geographical Existence and Product Developments Remain Main Focus Areas: Fact.MR Survey
The polycystic kidney disease treatment market players are adopting inorganic and organic strategies to expand at a notable growth pace. Fact.MR’s survey further indicated that the prominent companies are focusing on growing their geographical existence as well as investing in product development, to remain at the vanguard of the competitive industry. The updated edition of the report offers comprehensive coverage of the projected remain key strategies of the market players. Some of the major market players profiled in the report are Par Pharmaceutical Companies, Inc., Merck & Co., Inc., Silvergate Pharmaceuticals Inc., Teva Pharmaceutical Industries Ltd, Valeant Pharmaceuticals, Inc., AstraZeneca and Mylan Pharmaceuticals Inc. The latest edition also provides a thorough analysis of the COVID-19 impact on this market.
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Source: Fact.MR