Press release
Kidney Disease Market to 2020 - 2027: A Worth Observing Growing Popularity and Emerging Trends: Abbott, Amgen, Siemens Healthineers AG, GlaxoSmithKline plc, AbbVie's Inc., Pfizer Inc.
Major industry players operating in the field of Kidney Disease across the globe include Abbott, F. Hoffmann-La Roche Ltd, AbbVie's Inc., Pfizer Inc., Teva Pharmaceutical Industries Ltd, GlaxoSmithKline plc, Amgen Inc., Sysmex Corp, Fresenius Medical Care SE & Co. KGaA, and Siemens Healthineers AG are among the leading companies operating in the kidney disease market.
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The report includes the driving factors such as High prevalence of chronic diseases leading to kidney diseases and favorable reimbursement policy for the kidney disease treatments are the key factors driving the growth of the kidney disease market. Moreover, increase in preference for robotic surgeries for kidney diseases is likely to have positive impact on the market in the coming years. However, undiagnosed cases of kidney disease are restricting the market growth.
The structure of the Kidney Disease Market report can be categorized into following sections:
- Scope of the Report & Research Methodology
- Key Takeaways
- Market variables & their impact on growth and analytical tools providing High Level Insights into the Market Dynamics and Growth Pattern
- Market Estimates and Forecasts (with the base year as 2019, historic information of 2016 & 2018 and forecast from 2020 to 2027). Regional and Country Level Estimates and Forecasts for each category which are summed up to form the Global Market.
- Competitive Landscape. Attributes such as Strategy Framework, Competitor Categorization are included to provide elaborate details on the Market Structure & Strategic Undertakings as well as their impact.
COVID-19 Pandemic disrupted the entire world and affected many industries.
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Diagnosis Segment to Grow at Fast Pace during 2020–2027
Based on product type, the global kidney disease market is segmented into diagnosis and treatment. The diagnosis segment is estimated to register the highest CAGR in the market during the forecast period. Kidney diseases can be diagnosed with the help of various tests, such as blood tests, urine tests, and imaging tests. The tests must be performed in case of diabetes, high blood pressure, heart disease, and a family history of kidney failure. Early kidney disease usually does not show any symptoms. Testing is the only way to know how well kidneys are working. Increasing number of treatment procedures and product development are likely to propel the market's growth during the forecast period.
Industry Insights of Kidney Disease Market:
Market Insights - Chronic kidney disease (CKD) is a common and life-threatening condition that affects 1 in 10 people worldwide. High blood pressure and diabetes were the two major causes in 75% of kidney failure cases between 2015 and 2017. Moreover, according to a study published by National Kidney Foundation in 2020, around 35.0% of the diabetic population above age 20 years would develop chronic kidney disease over the period of time.
Product Type Insights- Based on product type, the kidney disease market is segmented into diagnosis and treatment. In 2019, the diagnosis segment accounted for the largest share of the market. Growth of this segment is attributed to increase inblood tests, urine tests, and different imaging procedures.
Strategic Insights - Product launches and approvalsare the commonly adopted strategies by companies to expand their global footprintsand product portfolios tomeet the growing consumer demand. The kidney disease marketplayers adopt the collaborationsstrategy to enlarge customer base worldwide, which also permits them to maintain their brand name globally.
End UserInsights - Based on end user, the global kidney disease market is segmented into hospitals, diagnostic laboratories, and others. In 2019, the hospitals segment held a major share of the market and the same segment is anticipated to register the highest CAGR in the market during the forecast period.
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