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Rare Kidney Diseases Market Size, Share, Growth Analysis, Trends And Forecast To 2032
Rare Kidney Diseases Market Report
The Business Research Company's Rare Kidney Diseases Global Market Report 2023 identifies government initiatives and funding for kidney disorders as the major driver for the rare kidney diseases market's growth in the forecast period. A government initiative and funding are a type of government financial support given to selected entities with ideas or projects that contribute to and improve public services and the economy. The government provides aid in kidney disorders to enhance disease surveillance and improve the quality of life for persons with various kidney diseases by using a comprehensive public health strategy that includes other public health agencies and national organizations.
The global rare kidney diseases market size is expected to grow from $2.27 billion in 2022 to $2.52 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of rare kidney diseases market is expected to reach $3.69 billion in 2027 at a CAGR of 10.0%.
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Major competitors in the rare kidney diseases market are Merck & Co. Inc., Novartis AG, Sanofi S.A, AstraZeneca plc, GlaxoSmithKline plc.
A key trend in the rare kidney diseases market includes product innovation. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in September 2022, STADA Arzneimittel AG, a Germany-based company operating in generics, specialty pharma, and non-prescription consumer healthcare products, introduced Kinpeygo (budesonide), the first medicine authorized in the EU for treating rare kidney disease for treating a rare kidney disease immunoglobulin A nephropathy (IgAN). The modified-release budesonide capsules are the first and only approved treatment in the EU for primary IgAN, a rare, progressive autoimmune kidney disease with a high unmet need, with more than 25%-30% of patients eventually developing terminal kidney insufficiency requiring dialysis or kidney transplantation.
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The rare kidney diseases market is segmented -
•By Target Indication: IgA Nephropathy, Lupus Nephritis, Focal Segmental Glomerular Sclerosis, Membranous Nephropathy, C3 Glomerulopathy, Other Target Indications
•By Type of Molecule: Small Molecules, Biologics
•By Route of administration: Oral, Intravenous, Subcutaneous, Other Routes of Administration
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the rare kidney diseases market.
The Business Research Company's "Global Rare Kidney Diseases Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Rare Kidney Diseases Market Include:
1. Executive Summary
2. Rare Kidney Diseases Market Characteristics
3. Rare Kidney Diseases Market Trends And Strategies
4. Rare Kidney Diseases Market - Macro Economic Scenario
5. Global Rare Kidney Diseases Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
31. Rare Kidney Diseases Market Other Major And Innovative Companies
32. Global Rare Kidney Diseases Market Competitive Benchmarking
33. Global Rare Kidney Diseases Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Rare Kidney Diseases Market
35. Rare Kidney Diseases Market Future Outlook and Potential Analysis
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