USD 3.1 billion
Report ID:
SQSG35I2014 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|Tables:
66
|Figures:
75
Hyperphosphatemia Therapeutics Market size was valued at USD 3.3 Billion in 2023 and is poised to grow from USD 3.51 Billion in 2024 to USD 4.47 Billion by 2032, growing at a CAGR of 6.5% during the forecast period (2025-2032).
Hyperphosphatemia occurs when the blood contains an excessive amount of phosphate. This condition occurs in almost 90% of end-stage renal disease patients going through dialysis. Hyperphosphatemia therapeutics such as phosphate binders are used to reduce the gastrointestinal absorption of phosphorus. The most commonly prescribed phosphate binders are calcium salts, but these may produce hypercalcemia. Similarly, there are several phosphate binder drug classes used such as sevelamer, lanthanum carbonate, magnesium-based phosphate binders, and iron-based phosphate binders. The population with chronic kidney disease and cardiovascular disorders tends to have an abnormally high level of phosphate. Hyperphosphatemia is a significant cause of mortality and morbidity in people with chronic renal disorders. The kidney's failure to eliminate phosphate is the most frequent reason for rising phosphate levels. Numerous hyperphosphatemia therapy approaches have been researched and investigated to lessen the burden of the condition. To control and prevent hyperphosphatemia, numerous phosphate-lowering hyperphosphatemia therapy strategies have been used. Hyperphosphatemia is irregularly caused by a large transcellular movement of phosphate into the extracellular space, overwhelming the renal excretory capacity. Such transcellular movement frequently takes place in diabetic ketoacidosis, nontraumatic rhabdomyolysis, crush injuries, overwhelming systemic infections, tumor lysis syndrome. Hyperphosphatemia may also take place due to excessive oral phosphate administration, and, at times, with overuse of enemas carrying phosphate.
Additionally, rising incidence rates of hyperphosphatemia and rising demand for effective hyperphosphatemia treatment alternatives are the main drivers of the Market. For dialysis patients, maintaining an ideal phosphate level can be quite difficult. And occasionally, phosphate is completely removed from the body during dialysis, in which case patients must take phosphate binders to keep their phosphate levels stable. This might limit the global hyperphosphatemia therapeutics market growth.
US Hyperphosphatemia Therapeutics Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 3.1 billion
Largest Segment
Hospital Pharmacies
Fastest Growth
Hospital Pharmacies
Growth Rate
6.5% CAGR
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The Global Hyperphosphatemia Therapeutics Market is segmented by Product Type, Distribution Channel, and Region. Based on Product Type, the Hyperphosphatemia Therapeutics Market is segmented into Sevelamer, Calcium-based Phosphate Blinders, Iron-based Phosphate Binders, Lanthanum Carbonate, Non-phosphate Binders, and Others. Based on Distribution channels, the Hyperphosphatemia Therapeutics Market is segmented into Hospital Pharmacies, Retail Pharmacies, and Online Pharmacies. Based on region, the Hyperphosphatemia Therapeutics Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Hyperphosphatemia Therapeutics Market Analysis by Product Type
Based on Product Type, the market is segmented into Sevelamer, Calcium-based Phosphate Blinders, Iron-based Phosphate Binders, Lanthanum Carbonate, Non-phosphate Binders, and Others. The sevelamer segment of the market held a significant share in the market in 2021. A shift in healthcare providers' choices away from calcium-based phosphate binders due to these products' drawbacks, including higher pill burden, risk of cardiovascular complications, and relatively lower absorption in elderly patients, is largely responsible for the increased demand for sevelamer-based phosphate binders in developed and underdeveloped economies.
Further, there has also been an increased demand for iron-based phosphate binders among medical professionals due to the lack of study on the long-term safety profile of sevelamer and other unique benefits of iron-based drugs. Along with the development of new generic and branded pharmaceuticals in this class by key players, this is boosting the availability of these medications in both developed and developing countries.
Hyperphosphatemia Therapeutics Market Analysis by Distribution Channel
Based on the distribution channels, the market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies. The hospital pharmacies segment dominated the market with the highest share in 2021. This is attributed to sizable patient populations seeking dialysis treatment in medical facilities around the world. Additionally, rising economies with high treatment costs, like India, have seen a large increase in the number of dialysis patients in these countries. Consequently, segmental growth will be supported by a large number of patients using hospital facilities. Further, during the projection period, the online pharmacies segment is anticipated to expand at the fastest CAGR. The shift of the patient population toward e-commerce platforms for the purchase of medications for the treatment of hyperphosphatemia in major cities is the major aspect of this segmental growth.
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The Global Hyperphosphatemia Therapeutics Market is segmented based on geography as North America, Europe, Asia-Pacific, Latin America, and MEA. Among these regions, the North American region held a significant share in the market, which is followed by Europe, Asia Pacific, Latin America, the Middle East, and Africa. The dominance of North America can be attributed in terms of income, North America is by far the market leader for medications for hyperphosphatemia worldwide. The rising prevalence of diabetes and osteoporosis as well as many chronic renal diseases are driving the market for hyperphosphatemia therapeutics in North America. The market is expanding at the fastest rate in Asia-Pacific. In terms of income and size, China is anticipated to be the Asia-Pacific region's largest market. It is anticipated that demand for hyperphosphatemia medications in China will be fuelled by the increasing healthcare infrastructure across the nation, spurred by the country's central government's robust growth initiatives.
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Hyperphosphatemia Therapeutics Market Driver
Hyperphosphatemia Therapeutics Market Restraint
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The Global Hyperphosphatemia Therapeutics Market is highly fragmented due to the strong presence of a large number of players. As a result, the global Hyperphosphatemia Therapeutics market has been witnessing the constant entry of new players over the years. In order to sustain the highly competitive environment, existing players differentiate themselves through innovation, quality, and technology.
Hyperphosphatemia Therapeutics Market Top Player's Company Profiles
Hyperphosphatemia Therapeutics Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our business information services team that collects, collates, co-relates, and analyses the data collected by means of primary exploratory research backed by the robust secondary desk research.
According to our analysis, based on the region, the North American region dominated the global hyperphosphatemia therapeutics market over other regions. The dominance of North America can be attributed to increased income levels, the region by far being the market leader for medications for hyperphosphatemia, along with the advanced healthcare infrastructure. On the other hand, based on the segmentation, the Sevelamer-based phosphate binders segment held the most dominating share in the market attributing to the increasing prevalence of chronic and renal diseases across the globe.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 3.1 billion |
Market size value in 2031 | USD 4.2 billion |
Growth Rate | 6.5% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Historical Year | 2019 |
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Executive Summary
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Market Size by Region
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For the Hyperphosphatemia Therapeutics Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Hyperphosphatemia Therapeutics Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
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With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Hyperphosphatemia Therapeutics Market:
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Hyperphosphatemia Therapeutics Market size was valued at USD 3.1 billion in 2019 and is poised to grow from USD 3.3 billion in 2023 to USD 4.2 billion by 2031, growing at a CAGR of 6.5% in the forecast period (2024-2031).
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Report ID: SQSG35I2014
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