Chronic kidney disease market to grow to $13.5 billion in 7MM by 2033
With pipeline approvals of varying mechanisms of action and an influx of newly diagnosed patients, the chronic kidney disease (CKD) market is expected to see significant expansion,
According to pharma analytics company GlobalData, the sector is forecast to grow at a compound annual growth rate (CAGR) of 19.6% from $2.2 billion in 2023 to $13.5 billion in 2033 across the seven major markets (7MM: USA, France, Germany, Italy, Spain, the UK, and Japan).
GlobalData’s latest report “Chronic Kidney Disease: Seven-Market Drug Forecast and Market Analysis,” reveals that the US will contribute the most to the growth of the CKD market due to the higher prevalence of CKD in this market, as well as the substantially higher cost of prescription medications in the country compared with Europe and Japan.
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