The increasing launch of effective drugs is a key factor driving the “U.S. secondary hyperparathyroidism treatment market”, says Fortune Business Insights in a report, titled “Secondary Hyperparathyroidism Treatment (SHPT) Market Size, Share & Industry Analysis, By Drug Class (Calcimimetics, Vitamin D Analogues, and Phosphate Binders), By Distribution Channel (Hospital & Retail Pharmacies, Online Channels, and Others) and Region Forecast, 2019-2026.” The secondary hyperparathyroidism treatment (SHPT) market was valued at USD 4.34 Billion in 2018 and is expected to reach USD 7.06 Billion by 2026, exhibiting a CAGR of 9.0%. As per the report the secondary hyperparathyroidism treatment market on the basis of drug class is segmented into calcimimetics, vitamin d analogues, and phosphate binders.
The calcimimetics segment is expected to hold maximum share during the forecast period owing to the numerous generic substitutes of Cinacalcet in the U.S. along with the rising demand for potent and specific therapy for the treatment of SHPT. For instance, according to a national survey conducted by American Journal of Kidney Diseases the use of Cinacalcet has increased from 23% to 31% between 2014 and 2017
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Leading Players operating in the U.S Secondary Hyperparathyroidism Treatment Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Amgen Inc.
- Teva Pharmaceutical Industries Ltd.
- Genzyme Corporation (Sanofi)
- AbbVie Inc.
- Cipla Inc.
- Reddy’s Laboratories Ltd.
- OPKO Health, Inc.
- Other Prominent Players
Emerging Guidelines By Government Authorities Will Boost Growth
The increasing government initiatives for improvising secondary hyperparathyroidism management will create growth opportunities for the secondary hyperparathyroidism treatment market. The aim of SHPT treatment is to manage the biochemical markers of bone and mineral metabolism, which are directly linked to cardiovascular events and bone fractures by extensive epidemiologic evidence. International & national organizations in the U.S. and working groups such as the National Kidney Foundation have published various clinical guidance documents to encourage best practices in managing SHPT. Furthermore, increasing awareness about SHPT in physicians, as well as clinical specialists, have improved the treatment regimen for its management. The improvement in earlier identification and assessment of SHPT for mineral metabolism in CKD & ESRD will have a positive impact on secondary hyperparathyroidism treatment market growth. The reduction in associated complications for the management of SHPT is expected to accelerate growth of the market during the forecast period.
Detailed Table of Content:
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Secondary Hyperparathyroidism, 2018
- Distribution of Secondary Hyperparathyroidism Patients by Treatment Type – Surgery, Drugs and Others, 2018
- Key Industry Developments – Mergers, Acquisitions and Partnerships
- Pipeline Analysis
- Reimbursement Scenario
- Cost Burden of Secondary Hyperparathyroidism
- S. Secondary Hyperparathyroidism Treatment Market Analysis, Insights, and Forecast, 2015-2026
- Market Analysis, Insights, and Forecast – By Drug Class
- Vitamin D Analogues
- Phosphate Binders
- Market Analysis, Insights, and Forecast – By Distribution Channel
- Hospital & Retail Pharmacies
- Online Pharmacies
- Market Analysis, Insights, and Forecast – By Region
- Market Analysis, Insights, and Forecast – By Drug Class
Reasons to Purchase this Report:
- Comprehensive analysis of the U.S Secondary Hyperparathyroidism Treatment Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
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KEY QUESTIONS ANSWERED:
- What are the key technological and U.S Secondary Hyperparathyroidism Treatment Market trends shaping the market?
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- Which company accounted for the highest market share?
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- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the U.S Secondary Hyperparathyroidism Treatment Market growth?
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