Renal Anemia Treatment Market Projected to Witness Vigorous Expansion by 2026
Global Renal Anemia Treatment Market: Overview
Renal anemia is a condition that develops from lower count of healthy red blood cells in the body. Generally in case of anemia, the red blood cells in the body carry less oxygen to organs and tissues. In such condition, mainly brain and heart lacks from adequate supply of oxygen. Anemic patients mostly suffer from chronic kidney disease, which further leads them in receiving renal replacement therapy. Renal anemia mainly caused by lower production of erythropoietin, and as the kidney disease progresses, the condition get worse.
The global renal anemia treatment market is mainly segmented on the basis of treatment, distribution channel, route of administration, and region. Under treatment, iron supplement, vitamin B12 and folic acid supplements, red blood cell transfusions, and erythropoietin are the prominent segments comprising the market. Whereas, with respect to distribution channel, key segments present in the global renal anemia market are retail pharmacies, online pharmacies, and hospital pharmacies. Route of administration wise, the market bifurcated into injectable and oral.
Global Renal Anemia Treatment Market: Drivers & Restrains
The damage in kidneys result in less production of erythropoietin. Consequently, the bone marrow cannot produce adequate red blood cells, which is the root cause of anemia. Renal anemia mainly caused by low levels of iron, blood loss from hemodialysis, and lower level of folic acid, vitamin B12, malnutrition, chronic infections, and bone marrow problems. Blood tests and physical examination helps in diagnosis of such condition. Rising cases of chronic kidney disease worldwide, growing cases of hyper tension and diabetes, and burgeoning population are driving the global renal anemia treatment market.
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Furthermore, the identification and development of novel HIF stabilizers is hoping for changing the renal anemia treatment pathway in the future due to their novel mechanisms of action. Low availability of drugs which can control the renal anemia safely and effectively are also fueling the global renal anemia treatment market. Although, launching of latest drugs such as erythropoiesis-stimulating agent and prolyl hydroxylase, and growing uptake of such drugs boost the global renal anemia treatment market.
However, high costs associated with the drugs and several side effects such as increased blood pressure and seizures are hindering the growth of the global renal anemia treatment market. Nonetheless, the persistent demand comes from the growing number of anemic patients are driving the global renal anemia treatment market.
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Global Renal Anemia Treatment Market: Regional Outlook
With respect to geography, North America is leading the global renal anemia treatment market as the region has seen high incidences of CKD or chronic kidney disease. Rising health care industry, growing demand for novel therapies, and rapid establishment of drug manufacturers are also responsible for fueling the global renal anemia treatment market in this region. The global renal anemia treatment market also covers Europe, Asia Pacific, Latin America, and the Middle East & Africa. However, flourishing healthcare industry in Asia Pacific makes the region exhibit a substantially fast growth.
Global Renal Anemia Treatment Market: Competitive Landscape
Key players operating in the global renal anemia treatment market include Contract Pharmacal Corp, Alaven Pharmaceutical LLC, Keryx Biopharmaceuticals, and Amgen. Each of these companies has been broadly described in the report in terms of prime strategies, revenue gained in recent times, and growth projected to attain in forthcoming years, in terms of market shares.