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Future of the Focal Segmental Glomerulosclerosis Drugs Market: Trends, Innovations, and Key Forecasts Through 2034
Focal Segmental Glomerulosclerosis Drugs
Focal Segmental Glomerulosclerosis Drugs Market Size Growth Forecast: What to Expect by 2025?
The market for drugs used in the treatment of focal segmental glomerulosclerosis has seen robust growth recently. The market is forecasted to rise from $15.77 billion in 2024 to $17.08 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.3%. Factors contributing to this growth in the previous period include a rise in disease incidence, an increasing need for novel treatments, heightened interest from the pharmaceutical industry, and more support from government bodies.
How Will the Focal Segmental Glomerulosclerosis Drugs Market Size Evolve and Grow by 2029?
The market size for drugs treating focal segmental glomerulosclerosis is anticipated to witness a significant uptick in the near future. It is predicted to inflate to a value of $24.87 billion by 2029, experiencing a compound annual growth rate (CAGR) of 9.8%. The primary factors contributing to this expected surge during the forecast period include increasing investment in research and development, escalating healthcare expenditure, heightened awareness and diagnosis, a rising aging population, and proactive governmental policies and funding initiatives. Looking forward, trends to watch in the forecast period include advances in technology for drug discovery and development, burgeoning clinical trials, enhanced reimbursement processes for focal segmental glomerulosclerosis drug therapies, and the broadening of corporate research infrastructures.
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What Drivers Are Propelling the Growth of Focal Segmental Glomerulosclerosis Drugs Market Forward?
The growth of the focal segmental glomerulosclerosis (FSGS) drugs market is anticipated to be boosted by the escalating rates of kidney infections. Pyelonephritis, a serious urinary tract infection that affects one or both kidneys, is on the rise, stimulating demand for FSGS drugs. These drugs, used in the treatment of kidney ailments, offer numerous advantages in managing the disease as they enhance kidney function, reduce proteinuria, retard kidney damage progression and lead to improved quality of life for patients with kidney disease. For example, in July 2022, data from the Centers for Disease Control and Prevention, revealed that approximately 15% or 37 million people in the US suffered from kidney disease. The number of those affected ranged from 12% within the age group of 45-64 to 6% among 18-44 year olds in 2021. Hence, the mounting instances of kidney infections are driving the FSGS market. The role of increased healthcare expenditure in accelerating the growth of the focal segmental glomerulosclerosis (FSGS) drugs market cannot be overemphasised. The term 'healthcare expenditure' pertains to the total funds expended on healthcare services and related products and activities within a particular healthcare structure or economy over a stipulated period. The surge in healthcare spending can be beneficial for the evolution and accessibility of focal segmental glomerulosclerosis (FSGS) drugs. It promotes research funding and clinical trials, which in turn help in enhancing drug production. For instance, recent data from the Canadian Institute for Health Information show that total health expenditure in Canada is poised to reach a massive $344 billion in 2023, amounting to $8,740 per individual. This signifies a substantial 2.8% uptick compared to the previous year which registered only a 1.5% growth in healthcare spending in 2022, clearly highlighting a substantial recovery in healthcare investments. Therefore, the rise in healthcare spending is contributing significantly to the growth of the focal segmental glomerulosclerosis (FSGS) drugs market.
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Which Emerging Trends Are Transforming the Focal Segmental Glomerulosclerosis Drugs Market in 2025?
Prominent businesses in the focal segmental glomerulosclerosis (FSGS) market are intensifying their efforts on product innovation and development. This is aimed at offering dependable products to clients and solidifying their place in the market. For example, Travere Therapeutics, a biopharmaceutical organization based in the United States, launched FILSPARI for focal segmental glomerulosclerosis (FSGS) in February 2023, which received approval from the Food and Drug Administration (FDA), a federal agency in the US. Provided as an oral treatment for IgA nephropathy (IgAN), it has the distinction of being the inaugural non-immunosuppressive treatment aimed at reducing proteinuria in IgAN, a rare kidney disease. In addition, FILSPARI has been awarded orphan drug status in both the United States and Europe for the treatment of IgAN and focal segmental glomerulosclerosis (FSGS).
What Are the Key Segments in the Focal Segmental Glomerulosclerosis Drugs Market?
The focal segmental glomerulosclerosis drugs market covered in this report is segmented -
1) By Type: Losmapimod, SHP-627, Sparsentan, TM-5484, Other Types
2) By Treatment: Corticosteroids, Immunosuppressive Drugs, Angiotensin Converting Enzymes (ACE) Inhibitors, A.R. Blockers, Diuretics, Other Treatments
3) By Route of Administration: Oral, Parenteral
4) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
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Who Are the Key Players Shaping the Focal Segmental Glomerulosclerosis Drugs Market's Competitive Landscape?
Major companies operating in the focal segmental glomerulosclerosis drugs market are Pfizer Inc., Johnson and Johnson Ltd., F. Hoffmann-La Roche AG, Bayer AG, Novartis AG, Sanofi S.A., Bristol Myers Squibb Company, AstraZeneca PLC, Fresenius Kabi Ltd., GSK PLC, Medtronic Plc., Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Astellas Pharma Inc., Otsuka Pharmaceutical Co. Ltd., Mylan N.V., B. Braun Melsungen AG, Hikma Pharmaceuticals PLC, Alexion Pharmaceuticals, Wockhardt, Travere Therapeutics, Aurinia Pharmaceuticals Inc., Omeros Corporation, Dimerix Ltd., Goldfinch Bio.
What Geographic Markets Are Powering Growth in the Focal Segmental Glomerulosclerosis Drugs Market?
North America was the largest region in the focal segmental glomerulosclerosis drugs market in 2024. The regions covered in the focal segmental glomerulosclerosis (FSGS) drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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