What Is The Hyperphosphatemia Treatment Market Overview In 2022?
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The hyperphosphatemia treatment market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 11%, as per The Business Research Company’s market report!
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The Hyperphosphatemia Treatment Market Size In 2022 And Forecast
The global hyperphosphatemia treatment market is expected to grow from $3.22 billion in 2021 to $3.57 billion in 2022 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, the surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The market is expected to grow to $5.5 billion in 2026 at a compound annual growth rate (CAGR) of 11.5%.
The hyperphosphatemia treatment market consists of sales of hyperphosphatemia products by entities (organization, partnerships, and sole traders), which are used to restrict phosphate intake and the administration of phosphate-binding antacids like carbonate.
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Increase In Chronic Diseases Among Patients Is Driving The Growth Of The Hyperphosphatemia Treatment Market
According to the world health organisation (WHO), chronic disease prevalence is predicted to increase by 57% by the year 2020. According to the United States, Renal Data System estimated that there are more than 300,000 patients with end-stage renal disease in the United States. There has been an increase in Hyperphosphatemia among patients with end-stage renal disease (ESRD), thus contributing to an increase in demand for hyperphosphatemia treatment or drugs.
Competitive Landscape And The Regional Analysis Of The Hyperphosphatemia Treatment Market
Major players in the hyperphosphatemia treatment market are Sanofi, Takeda Pharmaceutical Company Limited, Astellas Pharma Inc, Akebia Therapeutics, Inc, Vifor Pharma Management Ltd., Lupin Limited, Ardelyx, Inc, Unicycive Therapeutics Inc, Keryx Biopharmaceuticals, Zeria Pharmaceutical, Fresenius Medical Care, Shire, Ultragenyx Pharmaceutical, Inc, Sun Pharmaceutical Industries, Ltd, Akebia Therapeutics Inc, and AMAG Pharmaceuticals, Inc.
Additionally, as per TBRC’s research – North America was the largest region in the hyperphosphatemia treatment market in 2021 holding the largest market share and Asia-Pacific is expected to be the fastest-growing region in the forecast period.
The Hyperphosphatemia Treatment Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the hyperphosphatemia treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the hyperphosphatemia treatment market.
Increasing Research And Development Activities – A Key Trend In The Hyperphosphatemia Treatment Market
The company in hyperphosphatemia treatment are focusing on R&D activities for the development of innovative therapies for the treatment of renal diseases and related chronic conditions.
Hyperphosphatemia Treatment Market Segmentation By The Business Research Company
1) By Product: Sevelamer, Calcium-Based Phosphate Binders, Iron-Based Phosphate Binders, Lanthanum Carbonate, Others
2) By Distribution channel: Hospital Pharmacy, Retail Pharmacy, Online stores
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