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Top Market Shifts Transforming the Focal Segmental Glomerulosclerosis Drugs Market Landscape: Key Insights
Focal Segmental Glomerulosclerosis Drugs
What Is the Expected CAGR for the Focal Segmental Glomerulosclerosis Drugs Market Through 2025?
The market for drugs dealing with focal segmental glomerulosclerosis has seen significant growth lately. Expectations are that it will climb from $15.77 billion in 2024 to $17 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. This surge over the years can be traced back to an increase in the prevalence of the disease, a rising demand for fresh treatment options, escalated interest from the pharmaceutical industry, and increased governmental backing.
What's the Projected Size of the Global Focal Segmental Glomerulosclerosis Drugs Market by 2029?
The market size for drugs treating focal segmental glomerulosclerosis is predicted to witness significant expansion in the coming years, with growth predicted to reach ""$24.79 billion in 2029, boasting a compound annual growth rate (CAGR) of 9.9%. The predicted growth during the forecast period is linked with factors such as investment in research and development, increasing healthcare costs, heightened awareness and diagnosis, an aging demographic, as well as government funding and initiatives. Key trends seen throughout the forecast period include advancements in technological methods for drug discovery and development, an expanded pipeline for clinical trials, improved coverage for treatments of focal segmental glomerulosclerosis, and the growth of corporate research facilities.
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Top Growth Drivers in the Focal Segmental Glomerulosclerosis Drugs Industry: What's Accelerating the Market?
The growth of the focal segmental glomerulosclerosis (FSGS) drugs market is anticipated to be fueled by the increasing instances of kidney infections. Pyelonephritis, a severe form of urinary tract infection (UTI) that impacts one or both kidneys, is considered a kidney infection. FSGS drugs, which are utilized to treat kidney diseases, offer numerous advantages in managing the condition and enhancing kidney function by reducing proteinuria, delaying the progression of kidney damage, and helping patients suffering from kidney diseases to have an improved quality of life. For example, in July 2022, the Centers for Disease Control and Prevention, a department of the US-based Health and Human Services, reported that around 15%, or 37 million people in the US, were suffering from kidney disease. In 2021, the prevalence was 12% among individuals aged 45-64 and 6% among those aged 18 to 44. Consequently, the growing incidence of kidney infections is propelling the growth of the FSGS market.
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Which Emerging Trends Are Transforming the Focal Segmental Glomerulosclerosis Drugs Market in 2025?
Key players in the focal segmental glomerulosclerosis (FSGS) market are intensifying their efforts towards the development and innovation of products to ensure reliability for their clients and consolidate their market standing. For instance, Travere Therapeutics, an American biopharmaceutical company, introduced FILSPARI for FSGS in February 2023. This was given the green light by the Food and Drug Administration (FDA), a federal agency from the United States. FILSPARI is an orally administered medication purposed for IgA nephropathy (IgAN) treatment. It's the inaugural and sole non-immunosuppressive therapy aimed at reducing proteinuria in IgAN, a seldom seen kidney disease. Moreover, FILSPARI has received the status of an orphan drug in both America and Europe for the treatment of IgAN and focal segmental glomerulosclerosis (FSGS).
What Are the Main 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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Which Top Companies are Driving Growth in the Focal Segmental Glomerulosclerosis Drugs Market?
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.
Which Regions Will Dominate the Focal Segmental Glomerulosclerosis Drugs Market Through 2029?
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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