Unlocking New Possibilities in Kidney Care: IgA Nephropathy Market to Surge at 7.5% CAGR, Hitting US$ 85 Billion by 2033 | FMI

According to Future Market Insights, the iga nephropathy market is projected to experience a robust 7.5% CAGR from 2023 to 2033. By 2033, the global IgA Nephropathy market is anticipated to reach a valuation of US$ 85 billion. Factors driving this growth include the high prevalence of kidney diseases, increased R&D efforts, rising investments, and technological advancements. Government initiatives, such as diagnostic test reimbursements, are expected to further bolster market expansion.

The COVID-19 pandemic has been associated with an increase in hospitalization and infection hotspots around the country. There were at least three separate waves of COVID-19 around the world by June 2021 that put a significant strain on hospital resources, especially labor, and the availability of dialysis equipment & supplies. In addition, the COVID-19 pandemic has affected healthcare services for renal disease patients. Social distancing and lockdown were mandate norms, globally, leading to the temporary closure of other medical services. The diagnosis of several renal diseases was deferred during the pandemic due to the suspension of non-urgent visits and testing services.

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On the other hand, increasing awareness regarding IgA Nephropathy is expected to create lucrative opportunities for market growth. For instance, an estimated 37 million adults in the US have kidney disease. Major risk factors for the disease are high blood pressure and diabetes as well as heart disease, obesity, & family history of kidney disease. In addition, North America and Asia Pacific are two major regions contributing to the IgA Nephropathy market.

Key Takeaways from the Market Study

-IgA Nephropathy market to garner US$ 85 Billion by the end of 2033.
-IgA Nephropathy market to register a positive CAGR of 7.5% in the forecast period 2023-2033
-By end user, the hospital's segment is expected to hold 40% of the market share in 2023 for the IgA Nephropathy market.
-By diagnosis, the urine tests segment is projected to witness significant a CAGR of 7.5% during the forecast years.
-North America is expected to possess a 40% market share for IgA Nephropathy market in 2023.
-Asia Pacific is expected to hold 35% of IgA Nephropathy market share in 2023.

"Growing prevalence of kidney-related problems along with research and development for manufacturing medication is favoring the growth of IgA Nephropathy market" states an FMI analyst

>Competitive Landscape

Some of the key companies in the IgA Nephropathy market include Calliditas Therapeutics AB, Travere Therapeutics, Inc., Omeros Corporation, Novartis Pharmaceuticals, Chinook Therapeutics, Inc., Vera Therapeutics, Inc., Otsuka Pharmaceutical, and others

-In June 2021, Novartis Pharmaceuticals announced iptacopan met the Phase II study primary endpoint in rare kidney disease IgA Nephropathy (IgAN).
-Chinook Therapeutics, Inc., a key player in the IgA Nephropathy market is focusing on diagnosing the causes of the ailment and offering customized and specific treatments based on the same.

More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global IgA Nephropathy market, presenting historical research from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.

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>Key Segments Profiled in the IgA Nephropathy Market Survey

>Diagnosis:

-Iothalamate Clearance Test
-Kidney Biopsy
-Blood Tests
-Urine Tests

>Diseases Type:

-Primary IgA Nephropathy
-Secondary IgA Nephropathy

>Systems:

-Hematuria
-Proteinuria
-Edema
-Others

>Population Type:

-Pediatrics
-Adults

>Route of Administration:

-Oral
-Parenteral
-Others

>Treatment:

-Medication
-Statin therapy
-Omega-3 fatty acids
-Angiotensin-converting enzyme (ACE) inhibitors
-Angiotensin receptor blockers (ARBs)
-Diuretics
-Immunosuppressants
-Kidney Transplantation
-Others

>End Users:

-Hospitals
-Specialty Clinics
-Homecare
-Others

>Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News

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This release was published on openPR.