Fact.MR, a global research & consulting firm, in their updated edition of the report, indicated that the nephrosclerosis treatment market is slated to record a moderate growth pace in 2021 and beyond.
Fact.MR, a global research & consulting firm, in their updated edition of the report, indicated that the nephrosclerosis treatment market is slated to record a moderate growth pace in 2021 and beyond. Growing geriatric population in addition to the prevalence of kidney disorders such as diabetic neuropathy are the key aspects are fuelling the demand for nephrosclerosis treatment. Increasing incidences of nephrosclerosis directly related to the surging incidence of high blood pressure is further contributing to the industry growth.
“Growing need to relieve chronic renal failure such as elimination of infection, antihypertensive drugs administration along with others is bolstering the requirement for nephrosclerosis treatment.” states Fact.MR.
Growing Prevalence of Nephrosclerosis Among African-Americans to Drive Industry Growth
Nephrosclerosis is regarded as a key cause of renal insufficiency in Africans. Increasing prevalence of nephrosclerosis among African-American since they are more genetically exposed to kidney damage that is triggered by high blood pressure. Furthermore, rising number of clinical trials as well as growing awareness in the low middle-income nations are aspects that are further encouraging the expansion of the nephrosclerosis treatment industry.
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Why Does ACE Inhibitors Exhibit Lead?
ACE Inhibitors is normally recommended for nephrosclerosis and accounts for a notable market share in the nephrosclerosis treatment industry. Growth can be primarily ascribed to its beneficial efficiency as well as renoprotective in hypertensive in nephrosclerosis treatment. Furthermore it also prevents the angiotensin I to angiotensin II conversion by constraining the ACE inhibitor enzyme complex.
Beta-blockers are also gaining widespread adoption as its efficiency is not significantly different from that of the ACE inhibitors.
How Nephrosclerosis Treatment Industry of the US Performing?
The US will remain lucrative region as a result of the growing occurrence of end-stage renal disease. The UK is likely to account for the second biggest market share owing to growing awareness in relation to chronic kidney ailments.
The nephrosclerosis treatment industry in China and India is likely to expand at highest CAGR, majorly owing to the increasing geriatric population and growing healthcare facilities in the region.
Mexico, Brazil and South Africa are projected to foresee delayed expansion amid the assessment period.
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New Strategies and Geographical Expansion Remain Main Focus Areas: Fact.MR Survey
The nephrosclerosis treatment market is extremely competitive. Fact.MR’s survey indicated that the key market players are focusing on adopting novel strategies and extending their geographical presence. The updated edition of the report offers comprehensive coverage of the projected remain key strategies of the market players. Some of the major market players profiled in the report are Teva Pharmaceutical Industries Ltd., Merck Ltd., Akorn, Inc., Bristol-Myers Squibb Company and Pfizer Inc. The latest edition also provides a thorough analysis of the COVID-19 impact on this market.
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Source: Fact.MR