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Key Trends Reshaping the Hyperphosphatemia Treatment Market: Rising Emphasis On Research And Development In Hyperphosphatemia Treatment Market Industry Transformation
Hyperphosphatemia Treatment Market Size
Hyperphosphatemia Treatment Market Size Growth Forecast: What to Expect by 2025?
The market size for hyperphosphatemia treatment has seen a swift expansion in the recent past. The projected growth is from $4.56 billion in 2024 to $5.08 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.4%. Factors such as a rise in chronic kidney disease (CKD) cases, an increase in the aging population, widespread diabetes and hypertension, the enlargement of the patient population requiring dialysis, and advancements in hyperphosphatemia medical research and diagnosis have driven growth during the historic period.
How Will the Hyperphosphatemia Treatment Market Size Evolve and Grow by 2029?
The market size for hyperphosphatemia treatment is projected to experience swift expansion in the upcoming years. It's expected to reach "$8.38 billion by 2029 with a compound annual growth rate (CAGR) of 13.3%. Factors contributing to this anticipated growth in the forecast period include an increase in lifestyle-related diseases leading to hyperphosphatemia, an ongoing rise in the elderly population, heightened awareness and identification of hyperphosphatemia, growth of emerging markets suffering from a high disease burden, and a surge in the prescription of calcium-based phosphate binders in developing nations. Key trends in the forecast period consist of advancements in treatment methods for hyperphosphatemia, the incorporation of remote healthcare and patient monitoring, partnerships for the purpose of research and development, emphasis on patient education and lifestyle modification in managing hyperphosphatemia, and the introduction of innovative phosphate binders and treatments.
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What Drivers Are Propelling the Growth of Hyperphosphatemia Treatment Market Forward?
The escalation in the prevalence of chronic illnesses in patients is fuelling the expansion of the hyperphosphatemia treatment market. Chronic illnesses are non-infectious and necessitate extended care. The vast majority of chronic illnesses can be classified as cardiovascular diseases, chronic kidney disease, chronic respiratory conditions, hyperparathyroidism, diabetes, and cancer. For example, according to the World Health Organization, a specialized agency of the United Nations based in Switzerland, in September 2023 there were 41 million deaths, 74% of which were due to non-communicable diseases (NCDs) or chronic diseases on a global scale each year. Furthermore, as per SingleCare Services LLC, a healthcare savings platform based in the US, in February 2023, kidney disease prevalence is on the rise, and untreated kidney failure takes approximately 1 million lives each year. An uptick in hyperphosphatemia in patients with end-stage renal disease (ESRD) is also observed, thereby increasing the demand for hyperphosphatemia treatments or medications.
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What Long-Term Trends Will Define the Future of the Hyperphosphatemia Treatment Market?
The growing emphasis on research and development initiatives is a noteworthy trend in the hyperphosphatemia treatment industry. Corporations in this field are strongly focused on these activities to devise innovative treatments for kidney diseases and related chronic conditions. For example, data from Eurostat, a Europe-based government agency, revealed that in April 2024, the Ile-de-France region in France reported the most significant science and technology workforce in Europe, consisting of 2.4 million individuals. The Comunidad de Madrid region in Spain followed with 1.2 million.
What Are the Key Segments in the Hyperphosphatemia Treatment Market?
The hyperphosphatemia treatment market covered in this report is segmented -
1) By Product: Sevelamer, Calcium-Based Phosphate Binders, Iron-Based Phosphate Binders, Lanthanum Carbonate, Other products
2) By Distribution channel: Hospital Pharmacy, Retail Pharmacy, Online stores
Subsegments:
1) By Sevelamer: Sevelamer Hydrochloride, Sevelamer Carbonate
2) By Calcium-Based Phosphate Binders: Calcium Acetate, Calcium Carbonate
3) By Iron-Based Phosphate Binders: Ferric Citrate, Ferric Sulfate
4) By Lanthanum Carbonate: Lanthanum Carbonate Hydrate
5) By Other Products: Magnesium-Based Phosphate Binders, Novel Phosphate Binders
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Who Are the Key Players Shaping the Hyperphosphatemia Treatment Market's Competitive Landscape?
Major companies operating in the hyperphosphatemia treatment market include Sanofi SA, Akebia Therapeutics Inc., Ardelyx Inc., Astellas Pharma Inc., Fresenius Medical Care AG & Co. KGaA, Lupin Limited, Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company Limited, Ultragenyx Pharmaceutical Inc., Unicycive Therapeutics Inc., Vifor Pharma Management Ltd., Zeria Pharmaceutical Co. Ltd., Amgen Inc., AstraZeneca plc, Baxter International Inc., Beckman Coulter Inc., Cleveland Clinic, DaVita Inc., Kyowa Kirin Pharmaceuticals Co. Ltd., Mayo Clinic, OPKO Health Inc., Tenet Healthcare Corporation, UnitedHealth Group Inc.
What Geographic Markets Are Powering Growth in the Hyperphosphatemia Treatment Market?
North America was the largest region in the hyperphosphatemia treatment market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the hyperphosphatemia treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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