The Rare Kidney Diseases Global Market Report 2023 by The Business Research Company, provides rare kidney diseases market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Rare Kidney Diseases Global Market Report 2023, the global rare kidney diseases market size is expected to grow from $2.27 billion in 2022 to $2.52 billion in 2023 at a compound annual growth rate (CAGR) of 11.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of rare kidney diseases market is expected to reach $3.69 billion in 2027 at a CAGR of 10.0%.
Government initiatives and funding for kidney disorders are expected to propel the growth of the rare kidney disease market going forward. A government initiative and funding are a type of government financial support given to selected entities with ideas or projects that contribute to and improve public services and the economy. The government provides aid in kidney disorders to enhance disease surveillance and improve the quality of life for persons with various kidney diseases by using a comprehensive public health strategy that includes other public health agencies and national organizations.
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The rare kidney diseases market is segmented:
1) By Target Indication: IgA Nephropathy, Lupus Nephritis, Focal Segmental Glomerular Sclerosis, Membranous Nephropathy, C3 Glomerulopathy, Other Target Indications
2) By Type of Molecule: Small Molecules, Biologics
3) By Route of administration: Oral, Intravenous, Subcutaneous, Other Routes of Administration
Product innovation is a key trend gaining popularity in the rare kidney disease market. Major market players are concentrating their efforts on creating innovative products to strengthen their position in the market. For instance, in September 2022, STADA Arzneimittel AG, a Germany-based company operating in generics, specialty pharma, and non-prescription consumer healthcare products, introduced Kinpeygo (budesonide), the first medicine authorized in the EU for treating rare kidney disease for treating a rare kidney disease immunoglobulin A nephropathy (IgAN). The modified-release budesonide capsules are the first and only approved treatment in the EU for primary IgAN, a rare, progressive autoimmune kidney disease with a high unmet need, with more than 25%-30% of patients eventually developing terminal kidney insufficiency requiring dialysis or kidney transplantation
The rare kidney diseases market report table of contents includes:
1. Executive Summary
2. Rare Kidney Diseases Market Characteristics
3. Rare Kidney Diseases Market Trends And Strategies
4. Rare Kidney Diseases Market – Macro Economic Scenario
5. Rare Kidney Diseases Market Segmentation
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26. South America Rare Kidney Diseases Market
27. Brazil Rare Kidney Diseases Market
28. Middle East Rare Kidney Diseases Market
29. Africa Rare Kidney Diseases Market
30. Rare Kidney Diseases Market Competitive Landscape And Company Profiles
Top Major Players:
- Merck & Co. Inc
- Novartis AG
- Sanofi S.A
- AstraZeneca plc
- GlaxoSmithKline plc
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