Press release
Rare Kidney Diseases Treatment Market Projected to Reach US$ 4.6 Billion by 2031, with a Compound Annual Growth Rate (CAGR) of 5.8%
Rare Kidney Diseases Treatment
Market Dynamics
Collaborative interactions among clinicians, patients, industry representatives, regulatory agents, and government agencies are driving the expansion of complex illness demands.
Advancements in diagnosis and treatment methods are further fueling market growth.
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Diagnostic Advancements
Next-generation sequencing techniques are expected to enhance diagnostic precision, unravel molecular disease mechanisms, simplify genetic counseling, and offer carrier testing opportunities.
Treatment Advancements
Advancements in renal replacement therapy and improved accessibility are prolonging patients' lives, albeit potentially impacting their quality of life.
Key Market Insights
The market was valued at US$ 2.91 billion in 2023.
Enzyme replacement therapy is anticipated to dominate the market by growing at a CAGR of 6.2% during the forecast period.
The United States and China are projected to experience significant demand growth, with CAGRs of 5.7% and 5.9% respectively.
Growth Drivers and Trends
Growing awareness and understanding of rare kidney diseases are expected to propel market growth.
Increased research efforts and knowledge dissemination contribute to market expansion.
Rising demand for efficient treatments and therapies is driving market growth.
Increasing incidences of kidney diseases, coupled with a growing elderly population, are significant growth drivers.
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Regional Analysis
North America is poised to dominate the market, accounting for over 46% market share in 2023, with a projected CAGR of 5.6%.
Asia Pacific is expected to witness substantial growth, fueled by a large patient base and increasing awareness of rare urinary diseases.
Prominent Players
Several global and regional entities operate in the rare kidney diseases treatment market, including:
Calliditas Therapeutics AB
GSK plc
Aurinia Pharmaceuticals, Inc.
Amicus Therapeutics, Inc.
Shire (Takeda Pharmaceutical Company Limited)
Sanofi
Advicenne
Alexion Pharmaceuticals, Inc.
Horizon Therapeutics plc
Otsuka Pharmaceutical Co., Ltd.
Reata Pharmaceuticals, Inc.
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Key Developments
Calliditas Therapeutics AB received marketing authorization from the European Commission for Kinpeygo, a treatment for primary immunoglobulin A (IgA) nephropathy.
Aurinia Pharmaceuticals, Inc. obtained FDA approval for LUPKYNIS, the first oral therapy approved for lupus nephritis.
Advicenne introduced Sibnayal in the United Kingdom for the treatment of distal renal tubular acidosis.
Key Segments
Drug Class: Enzyme Replacement Therapy, Monoclonal Antibodies, Others
Indication: Fabry Disease, Atypical Hemolytic Uremic Syndrome, Lupus Nephritis, Nephropathic Cystinosis, Others
Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Sales
Regions: North America, Europe, Asia Pacific, Latin America, Middle East and Africa
About Transparency Market Research
Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.
Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.
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Transparency Market Research Inc.
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