The Chronic Kidney Disease (CKD) Drugs Market is being driven by Rising prevalence of CKD globally
The Chronic Kidney Disease (CKD) Drugs Market is expected to grow at a CAGR of 4.9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4075.9 million. Pharmaceutical firms are making noteworthy advancements in the research and development of innovative drugs for the treatment of Chronic Kidney Disease (CKD). Regulatory agencies globally are emphasizing the significance of addressing the unmet medical requirements in CKD treatment, leading to an escalating number of drug approvals. For instance, in January 2023, Boehringer Ingelheim and Eli Lilly and Company submitted a Supplemental New Drug Application (sNDA) to the U.S. Food and Drug Administration (FDA) for Jardiance (empagliflozin) tablets. These tablets are currently under investigation as a potential therapy to decrease the risk of kidney disease progression and death due to cardiovascular disease in adults with CKD. This approval represents a significant milestone in the treatment landscape for CKD patients.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
228 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 4.9% |
Market growth 2025-2029 |
USD 4075.9 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
4.7 |
Key countries |
US, China, Germany, Canada, India, UK, France, Japan, Brazil, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Chronic Kidney Disease (CKD) market encompasses various treatments including nephrotoxic drugs, contrast agents, and lifestyle modifications such as dietary restrictions (sodium, potassium, phosphorus), fluid restriction, and Calcium and Vitamin D supplements. Erythropoiesis-stimulating agents, Iron supplements, kidney transplant (for kidney donors and recipients), immunosuppressive therapy, and treatments for specific conditions like Diabetic Nephropathy, Hypertensive Nephropathy, Interstitial Nephritis, and Renal Tubular Acidosis are also part of this market. Nephrotoxic drugs and contrast agents can cause kidney damage, while dietary modifications and supplements help manage symptoms and prevent complications.
The Chronic Kidney Disease (CKD) drugs market is a significant segment of the global pharmaceuticals industry, encompassing companies involved in the research and development (R&D) or production of various types of drugs, including generics, non-generics, and veterinary medicines. According to Technavio's market analysis, the global pharmaceuticals market's growth is primarily driven by demographic trends, such as the increasing population aging. By 2050, approximately one-quarter of the US population and by 2030 in Europe are projected to be over 60 years old. This demographic shift will lead to a higher prevalence of CKD, thereby boosting the demand for associated treatments. Specifically, the CKD drugs market will witness significant growth due to the increasing usage of Creatinine Clearance tests, Peritoneal Dialysis, Kidney Transplantation, Renin Inhibitors, and SGLT2 Inhibitors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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