The global focal segmental glomerulosclerosis market demonstrates intense competition, Thanks to presence of large and small scale players, finds Transparency Market Research.
The global focal segmental glomerulosclerosis (FSGS) market demonstrates intense competition, Thanks to presence of large and small scale players, finds Transparency Market Research (TMR). The global focal segmental glomerulosclerosis (FSGS) market is likely to witness successful launch of pipeline products and this is another factor promoting overall growth of this market.
The prominent players operating in the global focal segmental glomerulosclosclerosis (FSGS) market are Retrophin, Inc., Variant Pharmaceuticals, Inc., ChemoCentryx, Inc., Novartis AG, and ChemoCentryx, Inc. The manufacturers are also focused towards research and development activities in order to launch new products and strengthen their presence across the globe.
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As per a report published by TMR, The global focal segmental glomerulosclerosis (FSGS) market is likely to stand at US$7.82 bn in 2016 and the market is likely to register US$15.83 bn by the end of 2025.The global glomeruloseclerosis is likely to expand at a strong 8.0% CAGR during the course of forecast period from 2015 to 2025.
On the basis of disease type, the segment of primary focal segmental glomerulosclerosis holds immense 79.8% share in the market in 2016. The growing awareness about the disease and its management is at the forefront of stimulating growth in the segment. From a geographical point of view, North America dominate global focal segmental glomerulosclerosis market owing to avaiblity of healthcare infrastructure and favorable government policy to drive growth of the global focal segmental glomeruloseclerosis market in the coming years.
The growing awareness among the consumers regarding medical health condition and growing awareness by the non-governmental organization are some of the factor positively augmenting towards growth of the global focal segmental glomerulosclerosis market. Increasing awareness regarding the allocation towards research on chronic and rare disease are other factor promoting overall growth of this market. Moreover, research in the renal treatment field have bring about several new drugs which are being developed and approved yearly. These are some of the trend positively propelling demand for global focal segmental glomerulosclerosis market.
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Increasing number of kidney transplant and increasing dialysis process are some of the factor augmenting growth of the global focal segmental glomeruclerosis market. According to recent report, the market holds out a lot of opportunity due to a limited number of pipeline products at present. In addition to this, limited number of product in pipeline are another factor promoting overall growth this market. The growing incidence of obesity, sickle cell disease and infection are some of the factor major positively driving overall growth of this market. Increasing research and development for FSGS drugs by several manufacturers is also fueling growth of the FSGS market. For instance, Pfizer Inc., is undergoing clinical trial for the evaluation of its drug, PF-06730512 in adults with primary focal segmental glomerulosclerosis. This can be another factor positively contributing towards growth of the global market.
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On the other hand, less awareness among the consumer about the disease and high initial cost associated with the treatment of the disease are some of the factor restraing overall global focal segmental glomerulosclerosis (FSGS) market. For instance, less awareness among the population about FSGS during the first stage of disease, which in turns negatively hampering overall market growth. However, restricted treatment therapy and government funding for research on rare diseases are projected to drive growth of the FSGS market in the coming years.
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