Hematuria Treatment Market it would grow upto USD 1172.61 million by 2029

The global hematuria treatment market is expected to expand significantly during forecast period. The factors driving this market's growth are emerging markets and significant investment in research and development. The growth of hematuria treatment market enhanced by the growing cases of hematuria treatment which create an opportunity for the pharma companies to introduce novel therapy and promising pipeline drugs. COVID-19 also had a major impact on the market growth.

Data Bridge Market Research analyses a growth rate in the global hematuria treatment market in the forecast period 2022-2029. The expected CAGR of global hematuria treatment market is tend to be around 2.90% in the mentioned forecast period. The market was valued at USD 932.89 million in 2021, and it would grow upto USD 1172.61 million by 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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https://www.databridgemarketresearch.com/reports/global-hematuria-treatment-market

Market Definition

Hematuria is a clinical term which means a blood in the urine. Kidney is a filtration unit that normally prevents blood from entering the human urine. Hematuria is caused by various clinical condition such as defects in the filter's unit of the kidneys or due certain condition such as bladder cancer or kidney cancer. Therefore, it is important to investigate the clinical cause of hematuria if undiagnosed, it can lead to life-threatening condition.

Drivers

Increase in Geriatric Population
The geriatric population is expected to grow globally, propelling the global hematuria treatment market during the forecast period. According to the WHO, the global elderly population is expected to reach around 2 billion by 2050 from 617 million in 2015. This boost the market growth.

Rising Demand for Oral Drugs
Oral drugs is expected to boost the market growth. The segment is expected to accelerate the global market as most products are available in capsule and tablet form and it is a very feasible route of administration.

Opportunities

Rising Incidence of Chronic Disease
Chronic kidney disease (CKD) is a common and life-threatening condition that affects majority of population worldwide. Various kinds of CKDs such as kidney stones, polycystic kidney disease, glomerulonephritis, and urinary tract infections. It is one of the key causes of hematuria and thus is driving the market growth.

Increasing Demand for Retail Pharmacies
The rise in the number of hematuria therapeutics being delivered through retail pharmacies and the surge in the number of retail pharmacies in developed countries create opportunities for the market growth. In addition to this, patients prefer retail pharmacies for purchasing drugs, as these are easily accessible.

Key players operating in the global hematuria treatment market include:

Bristol-Myers Squibb Company (U.S.)
F. Hoffmann-La Roche Ltd. (U.S.)
GlaxoSmithKline plc. (U.S.)
Johnson & Johnson Private Limited (U.S.)
Merck & Co. (U.S.)
Novartis AG (Switzerland)
Pfizer, Inc. (U.S.)
Sun Pharmaceutical Industries Limited (India)
The Medicines Company (U.S.)

More Links:

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https://dbmrbuisness.blogspot.com/2023/06/global-congestive-renal-failure-crf.html

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