In recent years, the polycystic kidney disease (PKD) market is anticipated to grow rapidly during the forecast period owing to the rising prevalence of kidney disorders. Polycystic kidney disease is caused by genetic abnormalities. In the majority of cases, the disorder is passed down to the children by their parents. As a result, you are born with PKD. However, genes can mutate or change at any time.
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Data Bridge Market Research analyses that the polycystic kidney disease (PKD) market was valued at USD 450.55 million in 2021 and is expected to reach USD 732.32 million by 2029, registering a CAGR of 6.26% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
The genetic ailment polycystic kidney disease (PKD) causes cysts to form in the kidneys, causing them to malfunction. High blood pressure and renal failure are two health problems. PKD is a kind of chronic kidney disease that is very dangerous. Cysts can enlarge the kidneys, making it difficult for them to filter waste from the blood.
Opportunities
Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the polycystic kidney disease (PKD) market growth. Along with this, rising drug approvals and launches will further propel the market’s growth rate.
Moreover, rising investment for the development of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the polycystic kidney disease (PKD) market growth during the forecast period.
Polycystic Kidney Disease (PKD) Market Regional Analysis/Insights
North America dominates the polycystic kidney disease (PKD) market because of the advancement in technology and growing number of government initiatives taken by pharmaceutical organizations to generate novel formulation in this region. Asia-Pacific is expected to grow during the forecast period due to rising number of government initiatives for spread awareness and presence of generic manufacturer in this region.
Top key players operating in the Polycystic Kidney Disease (ADPKD) Market are Johnson & Johnson Private Limited (US), Mylan N.V. (US), Teva Pharmaceutical Industries Ltd.(Jerusalem), Sanofi (France), Pfizer Inc. (US), GlaxoSmithKline plc (UK), AbbVie Inc. (US), Novartis AG (Switzerland), Taro Pharmaceutical Industries Ltd. (US), Otsuka Pharmaceutical Co., Ltd. (Japan), Eli Lilly and Company (US), F. Hoffmann-La Roche Ltd. (Switzerland), CorePharma LLC (US), Hikma Pharmaceuticals Plc (UK), Kadmon Holdings Inc. (US), Reata Pharmaceuticals Inc. (US), Merck & Co., Inc. (US), AstraZeneca (UK) among others.
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