Hyperphosphatemia Treatment Market Growth Forecast: Exploring Trends and Opportunities for the Next Decade
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What fueled the previous growth in the hyperphosphatemia treatment market?
In the past few years, the market size for hyperphosphatemia treatment has expanded swiftly. The market value is anticipated to rise from $4.56 billion in 2024 to $5.13 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 12.4%. The substantial growth during the historical period can be traced back to factors such as the rising number of chronic kidney disease (CKD) cases, the growing elderly population, prevalence of diabetes and hypertension, an increase in the dialysis patient population, as well as advancements in medical research and hyperphosphatemia diagnosis.
What will be the hyperphosphatemia treatment market size in the future?
The market for hyperphosphatemia treatment is forecasted to experience notable expansion in the upcoming years, reaching a worth of $8.56 billion in 2029, with a compound annual growth rate (CAGR) of 13.7%. This market growth within the predicted timeline can be ascribed to the increase in diseases related to lifestyle that lead to hyperphosphatemia, continuous increase in elderly population, heightened consciousness and detection of hyperphosphatemia, expansion of underdeveloped markets with high disease prevalence, and a superior prescription rate of calcium-based phosphate binders in developing nations. Crucial trends for the forecast period comprise enhancements in treatment technologies for hyperphosphatemia, the incorporation of telehealth and remote patient monitoring, alliances and partnerships for research and development initiatives, concentrating on patient education and managing lifestyle in hyperphosphatemia, and the creation of innovative phosphate binders and therapies.
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What main drivers are fueling expansion in the hyperphosphatemia treatment market?
The hyperphosphatemia treatment market is expanding due to the rising prevalence of chronic diseases among patients. These non-communicable diseases necessitate long-term treatment and predominantly include conditions such as cardiovascular diseases, chronic kidney disease, chronic respiratory disorders, hyperparathyroidism, diabetes, and cancer. In September 2023, the World Health Organization, a Switzerland-based UN specialized agency, reported 41 million deaths globally, constituting 74% of deaths from non-communicable diseases or chronic diseases each year. Moreover, in February 2023, US-based healthcare savings platform SingleCare Services LLC advised that kidney disease prevalence is on the rise, with about one million individuals dying annually due to untreated kidney failure. The occurrence of hyperphosphatemia in patients with end-stage renal disease has surged, hence driving the increased need for hyperphosphatemia treatment or medications.
What key areas define the segmentation of the global hyperphosphatemia treatment market?
The hyperphosphatemia treatment market covered in this report is segmented –
1) By Product: Sevelamer, Calcium-Based Phosphate Binders, Iron-Based Phosphate Binders, Lanthanum Carbonate, Other products
2) By Distribution channel: Hospital Pharmacy, Retail Pharmacy, Online stores
Subsegments:
1) By Sevelamer: Sevelamer Hydrochloride, Sevelamer Carbonate
2) By Calcium-Based Phosphate Binders: Calcium Acetate, Calcium Carbonate
3) By Iron-Based Phosphate Binders: Ferric Citrate, Ferric Sulfate
4) By Lanthanum Carbonate: Lanthanum Carbonate Hydrate
5) By Other Products: Magnesium-Based Phosphate Binders, Novel Phosphate Binders
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Who are the dominant players expanding their reach in the hyperphosphatemia treatment market?
Major companies operating in the hyperphosphatemia treatment market include Sanofi SA, Akebia Therapeutics Inc., Ardelyx Inc., Astellas Pharma Inc., Fresenius Medical Care AG & Co. KGaA, Lupin Limited, Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Ultragenyx Pharmaceutical Inc., Unicycive Therapeutics Inc., Vifor Pharma Management Ltd., Zeria Pharmaceutical Co. Ltd., Amgen Inc., AstraZeneca plc, Baxter International Inc., Beckman Coulter Inc., Cleveland Clinic, DaVita Inc., Kyowa Kirin Pharmaceuticals Co. Ltd., Mayo Clinic, OPKO Health Inc., Tenet Healthcare Corporation, UnitedHealth Group Inc.
How are evolving market trends shaping hyperphosphatemia treatment Strategies?
The rising trend of research and development activities in the hyperphosphatemia treatment market is becoming more prominent. Companies in this industry are channeling their focus into developing new treatments for kidney diseases and associated chronic conditions through rigorous research and development. For example, Eurostat, a government agency based in Europe, reported in April 2024 that the Ile-de-France region in France boasted 2.4 million core human resources in science and technology in 2023, topping all other European regions. The Comunidad de Madrid region in Spain trailed behind with a considerable count of 1.2 million.
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Which regions are emerging as leaders in the hyperphosphatemia treatment market?
North America was the largest region in the hyperphosphatemia treatment market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hyperphosphatemia treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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