Global Polycystic Kidney Disease Market is estimated to be US$ 199.76 Million by 2030 with a CAGR of
Global Polycystic Kidney Disease Market accounted for US$ 97.142 million in 2020 and is estimated to be US$ 199.76 million by 2030 and is anticipated to register a CAGR of 7.50%. Polycystic kidney disease is an inherited kidney ailment in which cysts and clusters form in the kidney, resulting in an enlarged kidney and gradual loss of kidney function. The cysts are spherical sacs that collect fluid and are noncancerous. The kidney suffers substantial damage as the number and size of cysts grows. Polycystic kidney disease can also lead to the development of cysts in the liver or elsewhere in the body. Other major complications of the condition include hypertension, kidney failure, a brain aneurysm, and persistent pain. Blood in the urine, kidney stones, urinary tract or kidney infections, and back or side pain are some of the other symptoms. Polycystic kidney disease (PKD) is a hereditary illness in which your kidneys develop multiple fluid-filled cysts.
The report " Global Polycystic kidney Disease Market, By Type (Autosomal Dominant Polycystic Kidney Disease, Autosomal Recessive Polycystic Kidney Disease, Others), By Treatment (Medication, Surgery, Others), By Route of Administration (Oral, Parenteral, Others), By End-Users (Hospitals, Specialty Clinics, Others), By Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Others), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Market Trends, Analysis, and Forecast till 2030”
In 2021, Farxiga (dapagliflozin) oral tablets were approved by the US Food and Drug Administration to lower the risk of kidney function decline, kidney failure, cardiovascular mortality, and heart failure hospitalisation in individuals with chronic kidney disease who are at risk of disease progression.
One of the major factors driving the global polycystic kidney disease medicines market is the increasing special regulatory designations. Clinical research tests to assess the efficacy and safety of medications are funded by the orphan products grants programme (OPGP). For a limited time, organizations such as the US FDA and the European Medicines Agency (EMA) grant firms market exclusivity for pharmaceuticals they make. Tax credits for clinical trials and protocol support are also available to these pharmaceutical companies. Fast track and orphan drug designations are also given to some curative medications. During the market exclusivity period, generics are prohibited from entering the market, protecting orphan medicine sales. These variables make it easier for vendors to introduce pharmaceuticals, which helps them generate income. One of the important factors that will contribute to the expansion of the global polycystic kidney disease medicines market is the increasing availability of attractive reimbursement policies. Individuals with polycystic kidney disease are the most common recipients of off-label medications. Despite the fact that an unique medicine for the treatment of the ailment was licensed in 2018, the high cost of the drug makes it difficult for patients to afford it. As a result, government and non-government groups have begun to implement reimbursement schemes to assist patients in receiving the care they require for a variety of renal disorders. These policies encourage suppliers to invest more in R&D in order to release better curative pharmaceuticals.
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Last Update : Oct 26, 2021 5:49 AM
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