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Market Definition: The global
market for treating polycystic kidney disease (PKD) exhibited considerable
strength in 2020 and is anticipated to sustain a steady compound annual growth
rate (CAGR) for revenue over the projected period. Factors driving this growth
include the increasing incidence of kidney-related disorders, advancements in
technology, rising investments by companies in the development of a diverse
range of drugs and medications, expansion of the pharmaceutical sector,
improved healthcare infrastructure, and supportive government initiatives aimed
at promoting awareness about polycystic kidney disease.
Polycystic kidney disease (PKD) is a genetic condition
characterized by the development of clusters of cysts, primarily in the
kidneys, leading to kidney enlargement and loss of function over time. The two
main types of PKD are autosomal recessive and autosomal dominant. According to
the PKD Foundation, approximately 600,000 people in the United States are
afflicted by autosomal dominant polycystic kidney disease, with a global total
exceeding 12.4 million individuals annually. Autosomal polycystic kidney
disease, a rare form of the disease, typically affects one in every 20,000
children globally. Numerous companies are investing in research and development
activities to create modern drugs for PKD treatment, a primary factor fueling
the growth of the polycystic kidney disease treatment market during the
forecast period.
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Drivers: The increasing prevalence of Chronic Kidney Disease,
substantial investments in drug discovery research and development, and supportive
initiatives by government and non-governmental organizations to introduce
reimbursement policies are key factors propelling the revenue growth of the
global polycystic kidney disease treatment market in the future. Additionally,
prominent industry players are concentrating on the development of innovative
drugs to meet the rising demand for enhanced healthcare services globally,
thereby driving the demand for advanced polycystic kidney disease treatment
solutions.
Restraints: Factors such as the limited number of approved
drugs, the availability of alternative treatment options, and strict government
regulations are expected to have a negative impact on the revenue growth of the
global polycystic kidney disease treatment market between 2021 and 2028.
Furthermore, the high cost of unapproved drugs for disease treatment makes it
challenging for patients in underdeveloped regions to afford them, thereby
impeding the market's growth for polycystic kidney disease treatments.
Geographical Overview: In terms of regional analysis, the
Asia Pacific polycystic kidney disease treatment market accounted for the
largest share of revenue in 2020, and this trend is expected to persist during
the forecast period. This can be attributed to the aging population, a
substantial patient pool, the development of healthcare facilities in
developing countries like India and China, and increased investments in
research and development by key players.
Competitive Landscape: Key companies featured in the global
polycystic kidney disease treatment market include Johnson & Johnson
Services Inc., Merck & Co., Inc., Otsuka Holdings Co. Ltd., Reata
Pharmaceuticals Inc., and Sanofi.
COVID-19 Impact Analysis: The global report on polycystic
kidney disease treatment encompasses extensive coverage of the current market
scenario, including the impacts and changes resulting from the COVID-19
pandemic and the emergence of virus variants. The outbreak of the virus and the
implementation of social distancing measures and restrictions significantly
disrupted global business operations and the overall economic landscape.
Companies continue to enforce strict safety regulations and
social distancing measures, leading to restrictions on the number of workers
allowed in workplaces. This has created ripple effects across various
industries and sectors.
The emergence of virus variants and increasing infection
rates during the initial waves and subsequent lockdowns severely disrupted
operations and supply chains. Companies are making strong and urgent efforts to
adapt to these restrictions and implement more stringent safety measures for
their workforce.
Report Coverage: Report Scope: For the purpose of this
report, Reports and Data has segmented the global polycystic kidney disease
treatment market based on type, distribution channels, and region:
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