The global Renal Anemia Market exhibited substantial strength in its size during 2021, and it is poised to record a swift compound annual growth rate (CAGR) in revenue over the forecast period. The growth in revenue within the renal anemia market is predominantly attributed to the escalating incidence of various renal conditions, which in turn leads to the global prevalence of renal anemia.
Renal anemia, also known as anemia of chronic kidney diseases or anemia of renal disease, is closely associated with various chronic kidney ailments. It presents as a normocytic, normochromic, and hypoproliferative form of anemia. Common symptoms of renal anemia encompass fatigue, breathlessness, pallor, muscular weakness, bodily discomfort, chest pain, lightheadedness, fainting, sleep disturbances, rapid or irregular heartbeat, and headaches. Untreated renal anemia can potentially result in cardiovascular complications. The primary cause of renal anemia is kidney damage, which leads to reduced production of erythropoietin. Additional factors that can contribute to the development of renal anemia include infection, inflammation, and malnutrition.
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Major Companies in the Market
- Vifor Pharma
- Sandoz International GmbH
- Contract Pharmacal Corp.
- Akebia Therapeutics Inc.
- Amgen Inc.
- Rockwell Medical Inc.
- Covis Pharma GmbH
- Hoffmann-La Roche Ltd
- Pfizer Inc.
- Novartis AG
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Driving Factors of the Renal Anemia Market:
- Increasing Prevalence of Chronic Kidney Diseases: The rising incidence of chronic kidney diseases (CKD) worldwide is a significant driver for the renal anemia market. As CKD is a leading cause of renal anemia, the growing CKD patient population increases the demand for treatments to manage anemia.
- Aging Population: The global aging population is more prone to developing CKD and renal anemia. This demographic trend contributes to the market's growth as the elderly are at a higher risk of these conditions.
- Advancements in Anemia Management: Ongoing research and development efforts have led to the introduction of more effective anemia management therapies, such as erythropoiesis-stimulating agents and iron supplements, which drive the market's expansion.
- Improved Diagnosis and Screening: Enhanced diagnostic tools and increased awareness of the importance of early detection of renal anemia contribute to its growth. Early diagnosis allows for timely intervention and treatment.
Restraints of the Renal Anemia Market:
- High Treatment Costs: Renal anemia treatment can be costly, especially when it involves frequent dialysis sessions and the use of erythropoiesis-stimulating agents. These expenses can limit access to treatment for some patients.
- Adverse Effects of Medications: Some anemia management drugs may have adverse side effects, and concerns about these effects can affect patient adherence to treatment plans.
- Regulatory and Safety Concerns: The regulatory environment for erythropoiesis-stimulating agents has become more stringent due to concerns about their safety and potential risks, impacting their use.
- Drug Price Pressures: Pressure to reduce drug prices and healthcare costs in various regions can limit market growth, especially for pharmaceutical companies.
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