Market Definition: The global market for treating polycystic kidney disease (PKD) exhibited considerable strength in 2020 and is anticipated to sustain a steady compound annual growth rate (CAGR) for revenue over the projected period. Factors driving this growth include the increasing incidence of kidney-related disorders, advancements in technology, rising investments by companies in the development of a diverse range of drugs and medications, expansion of the pharmaceutical sector, improved healthcare infrastructure, and supportive government initiatives aimed at promoting awareness about polycystic kidney disease.
Polycystic kidney disease (PKD) is a genetic condition characterized by the development of clusters of cysts, primarily in the kidneys, leading to kidney enlargement and loss of function over time. The two main types of PKD are autosomal recessive and autosomal dominant. According to the PKD Foundation, approximately 600,000 people in the United States are afflicted by autosomal dominant polycystic kidney disease, with a global total exceeding 12.4 million individuals annually. Autosomal polycystic kidney disease, a rare form of the disease, typically affects one in every 20,000 children globally. Numerous companies are investing in research and development activities to create modern drugs for PKD treatment, a primary factor fueling the growth of the polycystic kidney disease treatment market during the forecast period.
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Drivers: The increasing prevalence of Chronic Kidney Disease, substantial investments in drug discovery research and development, and supportive initiatives by government and non-governmental organizations to introduce reimbursement policies are key factors propelling the revenue growth of the global polycystic kidney disease treatment market in the future. Additionally, prominent industry players are concentrating on the development of innovative drugs to meet the rising demand for enhanced healthcare services globally, thereby driving the demand for advanced polycystic kidney disease treatment solutions.
Restraints: Factors such as the limited number of approved drugs, the availability of alternative treatment options, and strict government regulations are expected to have a negative impact on the revenue growth of the global polycystic kidney disease treatment market between 2021 and 2028. Furthermore, the high cost of unapproved drugs for disease treatment makes it challenging for patients in underdeveloped regions to afford them, thereby impeding the market’s growth for polycystic kidney disease treatments.
Geographical Overview: In terms of regional analysis, the Asia Pacific polycystic kidney disease treatment market accounted for the largest share of revenue in 2020, and this trend is expected to persist during the forecast period. This can be attributed to the aging population, a substantial patient pool, the development of healthcare facilities in developing countries like India and China, and increased investments in research and development by key players.
Competitive Landscape: Key companies featured in the global polycystic kidney disease treatment market include Johnson & Johnson Services Inc., Merck & Co., Inc., Otsuka Holdings Co. Ltd., Reata Pharmaceuticals Inc., and Sanofi.
COVID-19 Impact Analysis: The global report on polycystic kidney disease treatment encompasses extensive coverage of the current market scenario, including the impacts and changes resulting from the COVID-19 pandemic and the emergence of virus variants. The outbreak of the virus and the implementation of social distancing measures and restrictions significantly disrupted global business operations and the overall economic landscape.
Companies continue to enforce strict safety regulations and social distancing measures, leading to restrictions on the number of workers allowed in workplaces. This has created ripple effects across various industries and sectors.
The emergence of virus variants and increasing infection rates during the initial waves and subsequent lockdowns severely disrupted operations and supply chains. Companies are making strong and urgent efforts to adapt to these restrictions and implement more stringent safety measures for their workforce.
Report Coverage: Report Scope: For the purpose of this report, Reports and Data has segmented the global polycystic kidney disease treatment market based on type, distribution channels, and region:
- Type Outlook (Revenue, USD Billion; 2018-2028)
- Autosomal Dominant Polycystic Kidney Disease
- Autosomal Recessive Polycystic Kidney Disease
- Distribution Channels Outlook (Revenue, USD Billion; 2018-2028)
- Ambulatory Surgical Centers
- Specialty Clinics
- Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
- North America
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