USD 4.59 billion
Report ID:
SQMIC35J2108 |
Region:
Country |
Published Date: February, 2024
Pages:
157
|Tables:
36
|Figures:
74
US Secondary Hyperparathyroidism Treatment (SHPT) Market size was valued at USD 5 Billion in 2023 and is poised to grow from USD 5.45 Billion in 2024 to USD 10.87 Billion by 2032, growing at a CAGR of 9% during the forecast period (2025-2032).
Secondary hyperparathyroidism is characterized by the sustained rises in levels of biochemical indicators of mineral metabolism that lead to the release of excessive amounts of parathyroid hormone (SHPT). It affects persons with chronic kidney disease (CKD) and those who need renal replacement therapy. The Centers for Disease Control and Prevention (CDC) currently projects that 37 million Americans, or about 15% of adult Americans, have CKD. Furthermore, CKD is reported to be more prevalent in those 65 years of age and older than in those 45 to 64 years of age. Rising patient numbers are correlated with rising treatment costs for secondary hyperparathyroidism.
Although medications are frequently provided for SHPT, surgery is advised in difficult cases when the thyroid glands release excessive amounts of PTH. Although surgical procedures have demonstrated improved treatment accuracy, they are less preferred due to their expensive cost and the market's accessibility to efficient medications. The U.S. Medicare national insurance programme covers medications for SHPT. Medication for the treatment of SHPT was just added to the Part B package of Medicare Insurance in January 2018. In the United States, there are numerous nonprofit organizations that support patients who are uninsured or have inadequate insurance, significantly lowering the cost of SHPT treatment for everyone. Despite the fact that the government provides health insurance through public programmes, people still have significant out-of-pocket costs.
US Secondary Hyperparathyroidism Treatment (SHPT) Market is poised to grow at a sustainable CAGR for the next forecast period.
Global Market Size
USD 4.59 billion
Largest Segment
online channel
Fastest Growth
online channel
Growth Rate
9% CAGR
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The US secondary hyperparathyroidism treatment market has been segmented based on drug class analysis, distribution channels, and region. Based on drug class analysis, the market is segmented into calcimimetics, Vitamin D analogues, and phosphate binders. Based on the distribution channel, the market is segmented into hospital & retail pharmacies, online channel, and others. Based on region, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
US Secondary Hyperparathyroidism Treatment (SHPT) Market Analysis by Distribution Channel
The US secondary hyperparathyroidism market is dominated by the hospital & retail pharmacies segment. Owing to the steady increase in the number of dialysis centers in the nation and the availability of SHPT therapeutics at significant discounts in hospital pharmacies, it is estimated that hospital and retail pharmacies are a major source of secondary hyperparathyroidism therapeutics in the United States. There were around 152 dialysis centers per 1,000 patients in the Midwest region of the United States and 14.3 centers per 1,000 patients in the Midwest state of North Dakota.
This is mainly because major distributors have increased their investment in the expansion of the American e-pharmacy network. The demand for secondary hyperparathyroidism medications through online channels is being driven by this. In 2017, 8% of patients underwent home dialysis. According to projections, the use of internet channels for SHPT treatments will rise in America. Clinics, government tendering processes, etc. are included in the others section, increasing the introduction and dialysis patient pool.
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Geographically, the West, Midwest, South, and Northeast areas make up the U.S. SHPT therapy market. The South region brought in USD 1.93 billion in revenue and is expected to take the lead in the US market over the next several years. The South region's dominance can be attributed to the existence of a large number of dialysis facilities and the strategic positioning of top dialysis clinic networks like Fresenius Care, DaVita, etc. in the area. Additionally, due to the high incidence of older people with kidney disorders, the southern region of the United States has the highest prevalence of secondary hyperparathyroidism.
A significant percentage of individuals with SHPT are identified in states like Iowa and South and North Dakota, which is a major contributing element to the Midwest region's second-place ranking in the US. SHPT therapy market. In the Midwest region, SHPT affects 90% of individuals with stage-5 CKD (ESRD), according to the Centers for Disease Control and Prevention (CDC). This sizable patient base is anticipated to accelerate the market expansion for SHPT treatment over the forecast period. It is predicted that the Northeast region of the U.S. SHPT market will expand at a faster CAGR throughout the forecasted period due to the enhanced reimbursement environment in the United States.
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US Secondary Hyperparathyroidism Treatment (SHPT) Market Drivers
Rise in Awareness about Wellbeing to Boost Market Growth for SHPT Market
US Secondary Hyperparathyroidism Treatment (SHPT) Market Restraints
Privacy Concerns to Hinder Market Growth
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Amgen Inc. holds 40% of the US secondary hyperparathyroidism therapy (SHPT) market thanks to its substantial strategic decisions and robust pharmaceutical portfolio. SHPT is treated with Sensipar (Cinacalcet), a well-liked medication from Amgen. Generic manufacturers have only recently begun to enter the market as a result of numerous treatments' expiration of their patents. Organizations like Teva Pharmaceutical Industries Ltd., Abbvie, and Sandoz are among the market players. SHPT market expansion is also anticipated to be fueled by expanding generic manufacturer competition during the anticipated time frame.
US Secondary Hyperparathyroidism Treatment (SHPT) Market Top Player’s Company Profiles
Sanofi S.A.
F. Hoffmann-La Roche Ltd
AbbVie Inc.
Bayer AG
AstraZeneca Plc
Eli Lilly and Company
Johnson & Johnson
Teva Pharmaceutical Industries Ltd.
Novartis AG
GlaxoSmithKline Plc
Merck & Co., Inc.
Bristol-Myers Squibb Company
Takeda Pharmaceutical Company Ltd.
Boehringer Ingelheim International GmbH
Daiichi Sankyo Company, Limited
Astellas Pharma Inc.
Ipsen Biopharmaceuticals, Inc.
Mallinckrodt Pharmaceuticals
US Secondary Hyperparathyroidism Treatment (SHPT) 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 using Primary Exploratory Research backed by robust Secondary Desk research.
According to our US secondary hyperparathyroidism treatment (SHPT) market analysis, in distribution channel, hospital & retail pharmacies segment dominated the US secondary hyperparathyroidism treatment market in 2021 and is anticipated to maintain its dominance throughout the forecast period. In 2021, the south region dominated the market, owing to the region's large number of dialysis facilities and the strategic positioning of top dialysis clinic networks.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 5 Billion |
Market size value in 2032 | USD 10.87 Billion |
Growth Rate | 9% |
Base year | 2024 |
Forecast period | 2025-2032 |
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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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the US Secondary Hyperparathyroidism Treatment (SHPT) 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 US Secondary Hyperparathyroidism Treatment (SHPT) 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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Report ID: SQMIC35J2108
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