Kidney or renal fibrosis is the body process from which the kidney’s excess fibrous connective tissue or organs takes its formation repetitively. Increasing prevalence of chronic diseases such as kidney disorders is expected to trigger the growth of this market over the forecast period. Changing life style coupled with changing food habits is the prime reason for rising base of kidney disease patients and is expected to boost the market for kidney fibrosis treatments. Furthermore, factors such as increasing global geriatric population base, rising disposable income of the patients and growing awareness about renal fibrosis treatment are vital factor for growth of this market during the forecast period. Continuous innovation in technology has led to development of safe and effective therapies for the treatment of chronic kidney diseases is also pushing the growth of kidney fibrosis treatment market. . Introduction of promising drug in the market coupled with favorable government initiative is expected to fuel the growth of this market owing to increasing survival rate and effectiveness of these medicines in renal patients. The emerging nations such as India and China possess significant growth opportunities for kidney fibrosis treatment market owing to increasing medical expenditure and rising medical tourism rate.
The global kidney fibrosis treatment market is segmented on the basis of therapeutics and end use. On the basis of therapeutics, the market is further classified into angiotensin converting enzyme (ACE) inhibitors, pirfenidone, renin inhibitors, angiotensin II receptor blockers (ARBs) and vasopeptidase inhibitors. Angiotensin converting enzyme inhibitors is expected to witness lucrative growth over the forecast period owing to its ability to control the blood pressure by regulating the volume of fluid present in the blood. By end-use, the global kidney fibrosis treatment market is again divided into clinics, hospital and home based treatments. Hospital held the largest market share in 2014, in terms of revenue. Owing to increasing personal disposable income and rising awareness about hospital based kidney treatment this segment is expected to continue its dominance over the forecast period.
North America was the dominant market in kidney fibrosis treatment in 2014 in terms of market share. Due to large population base of people suffering from chronic kidney diseases, this region is anticipated to show significant growth rate over the forecast period. Initiation of treatment for end-stage kidney treatment in the U.S. since 2011 is a vital growth propeller for this market. . Asia Pacific region is anticipated to be the fastest growing segment over the forecast period owing to increasing medical expenditure, rise in disposable income, growing CRO activities and rising medical treatment.
Kidney fibrosis treatment market is highly consolidate and competitive in nature. The firms are involved in mergers, acquisition, geographical expansion and strategic collaboration to survive and excel in long run. The firms also plan to invest funds as sunk cost for continuous improvement. Key market players of the global kidney fibrosis treatment market are Merck & Co., Pfizer Inc., F. Hoffman-La Roche Ltd., InterMune Inc., Galectin Therapeutics, La Jolla Pharmaceutical Company, ProMetic Life-Sciences Inc., BioLine Rx Ltd and Genzyme Corporation.
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