The 7 major renal insufficiency markets reached a value of US$ 9.2 Billion in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 22.7 Billion by 2034, exhibiting a growth rate (CAGR) of 8.6% during 2024-2034.
Report Attribute
|
Key Statistics
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---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 9.2 Billion |
Market Forecast in 2034
|
US$ 22.7 Billion |
Market Growth Rate 2024-2034
|
8.6% |
The renal insufficiency market has been comprehensively analyzed in IMARC's new report titled "Renal Insufficiency Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Renal insufficiency refers to a progressive and chronic condition in which the kidneys are unable to adequately perform their vital functions of filtering waste products and excess fluids from the blood. As a result, the illness causes a buildup of toxic substances, electrolyte imbalances, and fluid retention in the body. The symptoms of this ailment can vary depending on the severity of the ailment but may include fatigue, fluid retention, decreased urine output, swelling in the legs and ankles, memory problems, nausea, vomiting, loss of appetite, itching, shortness of breath, difficulty concentrating, skin rashes, confusion, etc. The diagnosis of renal insufficiency typically involves a combination of medical history review, clinical feature assessment, and a physical examination. Various blood workups, such as the serum creatinine test, complete blood count, blood urea nitrogen, etc., are commonly performed to evaluate kidney function and determine the underlying cause of the disease. The healthcare professional may also conduct imaging techniques, like computed tomography scans and magnetic resonance imaging, to visualize the structure of the kidneys and rule out other possible health problems.
The increasing cases of high blood pressure and diabetes, that can disrupt the blood vessels in the kidneys and impair their capability to filter waste and fluids effectively, are primarily driving the renal insufficiency market. In addition to this, the rising prevalence of obstructions in the urinary tract, including tumors, kidney stones, an enlarged prostate, etc., which can obstruct urine flow, is creating a positive outlook for the market. Moreover, the widespread adoption of angiotensin-converting enzyme inhibitors and diuretics to reduce fluid retention and slow down the progression of the disease is further bolstering the market growth. In line with this, the inflating application of erythropoiesis-stimulating agents (ESAs), owing to their several benefits, like enhanced production of red blood cells, increased hemoglobin levels, improved energy, etc., is acting as another significant growth-inducing factor. Additionally, the emerging popularity of peritoneal dialysis techniques, since they allow for fewer dietary restrictions with greater flexibility and independence compared to conventional hemodialysis, is expected to drive the renal insufficiency market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the renal insufficiency market in the United States, EU4 (Germany, Spain, Italy, and France), United Kingdom, and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report, the United States has the largest patient pool for renal insufficiency and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario, unmet medical needs, etc., have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the renal insufficiency market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current renal insufficiency marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Market Insights
Epidemiology Insights
Renal Insufficiency: Current Treatment Scenario, Marketed Drugs and Emerging Therapies