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Global Hyperkalemia Treatment Market it is anticipated to reach a market value of US$ YY Bn by 2027
Bizizz Market Research has recently published a research report, “Hyperkalemia Treatment Market By disease (Acute Hyperkalemia and Chronic Hyperkalemia), Drug (Sodium zirconium cyclosilicate, Patriomer, Beta2 Agonist, Diuretics, Sodium Polystyrene Sulfonate and Others), Component, and Region-Global Industry Trends, Estimation & Forecast, 2019 - 2027”.
As per the report, Global Hyperkalemia Treatment Market was valued at US$ XX Bn in 2018 and it is anticipated to reach a market value of US$ YY Bn by 2027, witnessing a CAGR of 18.1 % during the forecast period. Key drivers of the market are an increase in the geriatric population along with suitable government policies.
An increasing rate of acute hyperkalemia occurrence coupled with chronic hyperkalemia is through rising geriatric population. Technological advancements are projected to contribute to rising incidents of heart and chronic kidney-related diseases, and related group of patients are projected to take risk related to hyperkalemia are stimulating its market treatment. Thus as per the report from the World Population Prospects: of 2017 Revision, the age group of 60 years and above, are projected to increase during the forecast period.
The Hyperkalemia Treatment market is anticipated to register a CAGR of over 18.1% during the forecast period.
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By Application, Chronic hyperkalemia treatment segment held a prominent share in Global Hyperkalemia Treatment Market in 2018.
Chronic hyperkalemia treatment is dominating the global market. Chronic hyperkalemia is related to impaired renal excretion. The chronic hyperkalemia is commonly asymptomatic, thus its treatment is through the elimination of general symptoms, cardiac dysrhythmias, and causing death. The treatment of chronic hyperkalemia consists of diuretics, bicarbonate salts, dietary restriction, potassium binders, and dialysis. The chronic hyperkalemia is key complexities involved in chronic kidney disease (CKD) that contributed infrequently and requires significant management of nephrologist. Thus it is supportive to lead the global market during the forecast period.
North America is Anticipated to Dominate the Global Hyperkalemia Treatment Market during the Forecast Period
The North American market is dominating in its position for hyperkalemia treatment through advancement in healthcare technology and increase of geriatric populations are suffering from the heart and kidney diseases are significantly high in the patients who are at risk of hyperkalemia. An estimated 3.7 Mn in the US adults are accounted for hyperkalemia in the year 2014, and its rate of occurrence is greater since 2010. Patients suffering from CKD and other chronic diseases coupled with a rise in the annual growth of hyperkalemia of about 6.34% in 2014, and approximately half of this population suffering from hyperkalemia has chronic heart or kidney diseases. Greater accessibility for medication, rising awareness, with favourable reimbursement is a vital factor fueling its market growth in the North American region.
Global Hyperkalemia Treatment market was moderately consolidated with key players accounting for a significant share in 2018. The companies that are offering innovative products in the treatment of hyperkalemia are increasing their competitiveness in the global market.
Prominent players operating in the Global Hyperkalemia Treatment Market are Ardelyx, Sanofi S.A., AstraZeneca Plc, Vifor Pharma Management Ltd., and Perrigo Company plc., among others.
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