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Customized mobile apps to see through Renal Anemia Treatment Market from 2018-2026, at a CAGR of 7.5%




(EstateNewsWire.com, April 19, 2022 ) The Renal Anemia Treatment Market is all set to unleash its potential to the fullest at a CAGR of 7.5%. The new normal constitutes video chatting with therapists. The patients are thus able to create their profile and look for the therapist (s) of their choice. Patients could, thus share the data from various apps and share it with their provider (s) for a better understanding of the personalized care needed by them. Such would be the healthcare vertical.



Rise in the prevalence of chronic kidney disease is the key factor responsible for the growth of Renal Anemia Treatment market. According to a latest research by PMR, the global Renal Anemia Treatment market is anticipated to have accounted for US$ 4,115.0 Mn, in terms of value, during 2017. The report on Renal Anemia Treatment further projects significant growth potential with average year-on-year growth rate pegged at 7.5% over the period of 2018-2026.



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Company Profiles:



Amgen Inc.

Vifor Pharma Management Ltd.

F. Hoffmann-La Roche Ltd

Pfizer Inc.

Sandoz International GmbH (Novartis AG)

Janssen Pharmaceuticals, Inc. (Johnson & Johnson)

Teva Pharmaceutical Industries Ltd.

AMAG Pharmaceuticals

Rockwell Medical

Akebia Therapeutics



The global burden of chronic kidney disease continues to increase throughout the globe, which is driving the growth of the renal anemia treatment market. According to the National Kidney Foundation, 10% of the population worldwide is affected by the chronic kidney disease (CKD), which in turn, has increased the patient pool for renal anemia treatment. Increasing cases of chronic kidney disease and increasing prevalence of diabetes and hyper tension will push the market of renal anemia treatment in near future.



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Additionally, the development and identification of novel HIF stabilizers is likely to change the pathway for renal anemia treatment in near future. HIF stabilizers under clinical trial hold promise as they provide a unique modality for renal anemia treatment through novel mechanisms of action. There are currently 4 HIF stabilizers that are in phase 2/3 clinical trials (roxadustat, daprodustat, vadadustat, and molidustat) and all of these are orally administered agents which will create huge opportunities for the growth of the renal anemia treatment market during the forecast period.



On the other side, drugs for renal anemia treatment come with a huge price tag. Even the good health insurance benefits do not necessarily cover biologics and thus, the out-of-pocket expenditure is too high. High cost for renal anemia treatment is, thus, the biggest factor that limits the treatment seeking rate with biologics and in turn, negatively impacts the growth of the renal anemia treatment market. Moreover, long-term renal anemia treatment with erythropoiesis-stimulating agents (ESAs) has been associated with increased systemic blood pressure and occurrence of seizures.



Hypertension is a common side effect of intravenous use of erythropoiesis-stimulating agents. A significant side effect of erythropoiesis-stimulating agents is increased risk of thromboembolic complications. Also, in patients with cancer, erythropoiesis-stimulating agents cause the tumor to grow. Therefore, the many side effects associated with the use of erythropoiesis-stimulating agents might hinder the growth of the renal anemia treatment market in the near future.



Erythrocyte stimulating agents and iron supplements are used in combination for renal anemia treatment. Among both product types, erythrocyte stimulating agents are estimated to gain major market revenue share in the global renal anemia treatment market due to their high price tag. The drugs for renal anemia treatment are available in both oral and injectable forms in the market.



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However, the injectable drugs are more preferred by doctors for renal anemia treatment and hence, by route of administration, the parenteral segment holds the majority share of the global renal anemia treatment market, in terms of revenue. Among all distribution channels, the hospital pharmacies segment is expected to be most dominant segment in global renal anemia treatment market and will be followed by retail pharmacies. The mail order pharmacies segment is expected grow at a fast pace in the renal anemia treatment market.



Some of the leading players operating in renal anemia treatment market are Amgen Inc., F. Hoffmann-La Roche Ltd, Pfizer Inc., Novartis AG, Johnson & Johnson Services Inc., Teva Pharmaceutical Industries Ltd., AMAG Pharmaceuticals, Rockwell Medical, Akebia Therapeutics, Vifor Pharma Management Ltd. and others. Pfizer, one of the leaders in prescription medicines for renal anemia treatment, has recently received FDA approval for biosimilars for renal anemia.



In December 2018, Roxadustat became the first approved oral HIF-PHI medicine in China for patients with anemia. It is manufactured by AstraZeneca in partnership with FibroGen (China) Medical Technology Development Co., Ltd. With this approval, AstraZeneca has unlocked the huge market potential for renal anemia in China.



Related Reports:



Medical Marijuana Market - The global medical marijuana market is anticipated to surge to US$ 76.5 Bn by 2031, reflecting a CAGR of 14.8% over the forecast period (2021-2031).



Microbiome Therapeutic Market - Global human microbiome market is estimated to attain US$ 1.8 Bn by 2026 ending, up from US$ 360 Mn in 2020, growing at a CAGR of 20% during forecast period of 2021-26.



About us: Persistence Market Research

Persistence Market Research

Atul Singh

+1-646-568-7751

atul@persistencemarketresearch.com

Source: EmailWire.Com


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