PUBLISHER: Orion Market Research | PRODUCT CODE: 1215610
PUBLISHER: Orion Market Research | PRODUCT CODE: 1215610
Title:Global Renal Osteodystrophy Market by Diagnosis Method (Bone Biopsy, Blood Test) by Treatment (Hemodialysis, Kidney Transplantation, Medication and Parathyroidectomy) Forecast 2022-2028.
The global renal osteodystrophy market is anticipated to grow at a considerable growth during the forecast period. The factor responsible for the growth of renal osteodystrophy is increasing congenital kidney diseases such as polycystic kidney disease (PKD), Alport syndrome, Goodpasture syndrome, and congenital hypoplasia. Moreover, the rising number of chronic hypertension and atherosclerosis contributes to the growth of the market. According to WHO, in August 2021, an estimated 1.28 billion adults aged 30-79 years globally have hypertension, most (two-thirds) living in low- and middle-income countries.. The WHO African Region has the highest prevalence of hypertension at 27%, while the WHO Region of the Americas has the lowest prevalence of hypertension at 18%.
The global renal osteodystrophy market is segmented on the basis on diagnosis method, and treatment. Based on diagnoses method, the market is bifurcated into bone biopsy, and blood test. Based on treatment, the market is bifurcated into hemodialysis, kidney transplantation, medication and parathyroidectomy. Based on diagnosis method, bone biopsy segments is expected to grow at the fastest rate, owing to the growing incidence and prevalence of cancer, rising demand for minimally invasive techniques, and choice of best diagnostics options among others, are the prominent factor driving the growth of the segment in global renal osteodystrophy market.
Geographically market is segmented into: North America, Europe, Asia Pacific, and the Rest of the World. The Asia Pacific region is the largest in the global renal osteodystrophy market. The market is driven due to the increasing patient pool for cancer, improved coverage of reimbursement, and increasing approvals to new and advanced technology in the Asia-Pacific region. For instance, in June 2021, Sanwa Kagaku Kenkeys Co., Ltd., of Japan received marketing authorization approval for UPASITA IV injection syringes for the treatment of secondary hyperparathyroidism in patients on hemodialysis. UPASITA was created by Ajinomoto pharmaceuticals Co., Ltd.
The major companies serving the global renal osteodystrophy market are Amgen Inc., Asahi Kasei Corp., and B. Braun Medical, Baxter International Inc., DaVita Inc., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in August 2021, AstraZeneca K.K. and Ono Pharmaceutical Co. Ltd. Announced that Farmiga an inhibitor of sodium-glucose co-transporter 2 received additional approval for the indication of chronic kidney disease with and without type-2 diabetes. This transformational milestone brings great hope to many patients with chronic kidney diseases in Japan.
Research Methodology
The market study of the global renal osteodystrophy market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
Secondary Sources Include:
The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.
Market Segmentation
The Report Covers: