Global Chronic Kidney Disease Drugs Market to Surpass US$ – GlobeNewswire

| Source: CMI CMI
Pune, INDIA
Seattle, Oct. 19, 2022 (GLOBE NEWSWIRE) — According to Coherent Market Insights, the global chronic kidney disease drugs market is estimated to be valued at US$ 13,220.0 million in 2022 and is expected to exhibit a CAGR of 4.5% during the forecast period (2022-2030).

Key Trends and Analysis of the Global Chronic Obstructive Pulmonary Disease (COPD) Treatment Market:
Increasing prevalence of chronic kidney disease is expected to drive the growth of the global chronic kidney disease drugs market. For instance, according to an article published by the University of Tennessee Health Science Center, U.S. in November 2021, an estimated prevalence of chronic kidney disease by age-standardized prevalence is 8.6% and 9.6% in men and women, respectively, in high-income countries, and 10.6% and 12.5% in men and women, respectively, in low- and middle-income countries. The global age-standardized prevalence of CKD stages 1–5 in individuals aged 20 years of 10.4% among men and 11.8% among women.
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Key Market Takeaways:
Global chronic kidney disease drugs market is expected to exhibit a CAGR of 4.5% during the forecast period due to increasing adoption of inorganic growth strategies such as acquisitions by key players in market. For instance, in September 2018, Otsuka Pharmaceutical Co., Ltd., a pharmaceutical company, announced the acquisition of Visterra, Inc., a clinical stage biotechnology company, for approximately US$ 430 million in an all-cash transaction. Visterra’s pipeline product includes programs targeting IgA nephropathy and other kidney diseases, cancer, chronic pain, and infectious diseases.
Among Route of administration, the oral segment is expected to dominate the segment growth over the forecast period, owing to the increased oral drug launches by market key players. For instance, on March 7, 2022, Zydus Lifesciences, a pharmaceutical company, announced that the company has received approval for its New Drug Application (NDA) from the Drug Controller General of India (DCGI) for Oxemia (Desidustat), a first-of-its-kind oral treatment in India for anaemia associated with Chronic Kidney Disease (CKD).
Among Distribution channel, Hospital pharmacies segment is expected to dominate the segment growth over the forecast period, owning to presence of large number of pharmacists in the market. For instance, according to an article published by Center for health workforce studies in September 2020, an estimated 387,000 licensed pharmacists practiced in the U.S. as of October 2019.
Competitive Landscape:
Key players operating in the global chronic kidney disease drugs market include Sanofi, AstraZeneca plc., Amgen, Inc., Regeneron Pharmaceuticals, Inc., AbbVie Inc., ProKidney Corp., Pfizer, Inc., Bayer AG, F. Hoffmann-La Roche AG, Kissei Pharmaceutical Co., Ltd., Reata Pharmaceuticals, Inc., GlaxoSmithKline plc., Ardelyx, Inc., Boehringer Ingelheim International GmbH, Novo Nordisk A/S, Novartis AG, Johnson & Johnson, Astellas Pharma Inc., Takeda Pharmaceutical Company Limited, Jiangsu Hansoh Pharmaceutical Group Co., Ltd., Kibow Biotech, Inc., FibroGen, Inc., Cara Therapeutics, Pieris Pharmaceuticals, Inc., Mitsubishi Chemical Group Corporation, Pharmacosmos A/S., OPKO Health, Inc., Covis Pharma, Tricida, Inc., Eli Lilly and Company, Biosidus S.A., Teva Pharmaceutical Industries Ltd., YUHAN, Caladrius Biosciences, Inc., UnicoCell Biomed CO. LTD, Akebia Therapeutics, Inc., Allena Pharmaceuticals, and KBP Biosciences Co., Ltd.
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Market Segmentation:
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