"Designing Growth Strategies is in our DNA"
In April 2019, Merck Sharp & Dohme Corp. received U.S Food and Drug Administration approval for the drug KEYTRUDA (pembrolizumab) for the treatment of renal cell carcinoma. According to recent studies by the National Kidney Foundation, an estimated 10% of the population globally is suffering from chronic kidney disease, and millions die annually due to lack of access to inexpensive treatment. One of the major factors leading to rise in renal disorders worldwide is the increasing prevalence of diabetes. Several novel drugs in development by key market players to treat renal disease are anticipated to fuel the global renal therapeutics market.
The global renal therapeutics market is expected to grow rapidly during the forecast period, owing to the increasing incidence & prevalence of kidney diseases and rise in the aging population. Initiatives taken by key companies in the investment of the development of the new drugs and therapies for the treatment of the renal failure combined with various pipeline drugs is estimated to lead to the growth of the global renal therapeutics market.
To gain extensive insights into the market, Request for Customization
However, the high cost of the treatment and side effects of the different treatment are some of the major restraining factors for the growth of the global renal therapeutics market.
Some of the major companies that are present in the global renal therapeutics market Amgen Inc., Merck & Co., Inc., Bristol-Myers Squibb Company, Vifor Pharma Inc., AstraZeneca, Novartis AG, Pfizer Inc., Bayer AG, and Johnson & Johnson Services, Inc. others.
· Chronic kidney disease
· Kidney stone disease
· Kidney failure
By Drug Class
· Angiotensin-II receptor blockers
· ACE Inhibitors
· Calcium channel blockers
By Distribution Channel
· Hospital Pharmacies
· Retail Pharmacies
· Online Pharmacies
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia and Rest of Asia Pacific)
· Latin America (Brazil, Mexico and Rest of Latin America)
· Middle East & Africa (South Africa, GCC and Rest of Middle East & Africa)
Among the application segmentation, chronic kidney disease is anticipated to register highest market share owing to the high prevalence of this disease.
Overview of the prevalence of kidney diseases
Regulatory scenario for key countries
Key mergers and acquisitions
The global renal therapeutics market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is projected to account for the largest share in the global market in 2018, owing to the rising prevalence of chronic diseases and increase in number of surgical procedures in the treatment of kidney diseases, cancer and among others. Additionally, established healthcare infrastructure in the developed countries of North America and Europe is anticipated to lead to an increase in demand for new and advanced renal therapeutics. Asia Pacific expected to register comparative higher CAGR from 2019-2026 due to rising prevalence of kidney diseases, developing healthcare infrastructure, and growing emphasis by healthcare organizations and government towards the development of new drugs, expected to drive the demand for renal therapeutics in the region from 2019-2026.
“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”- U.S.-based biotechnology company focussing on treatment of chronic pain.
“Kudos to your team. Thank you very much for your support and agility to answer our questions.”- Europe-based provider of solutions to automate data centre operations.
“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”- India-based manufacturer of industrial and specialty intermediates with a strong global presence.
“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”- One of the largest cosmetics company in the world.
“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”- U.S. based startup operating in the cultivated meat market.
“We received the below report on the U.S. market from you. We were very satisfied with the report.”- UGlobal hearing aids manufacturer.
“I just finished my first pass-through of the report. Great work! Thank you!”- U.S. based solar racking solutions provider.
“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”- World’s leading advisory firm.
“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”- Germany based machine construction company.
“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”- Japanese manufacturing company of stationery products.
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry