HYPERPHOSPHATEMIA DRUGS MARKET ANALYSIS

Regional Analysis

Hyperphosphatemia Drugs Market Regional Analysis

North America is expected to hold a dominant position in global hyperphosphatemia drugs market and it is expected to account for largest market size, due to presence of key players in region and frequent research and development activities by them for development of novel drugs for treatment of hyperphosphatemia. For instance, in 2017, U.S.-based Ardelyx, Inc. received positive results in Phase 3 clinical trial for new drug Tenapanor. Tenapanor is a first-in-class, proprietary, oral, experimental medication indicated for the treatment of hyperphosphatemia in patients with end-stage renal disease.

Furthermore, Asia Pacific hyperphosphatemia drugs market is expected to witness significant growth in near future owing to increasing approval of novel hyperphosphatemia treatment drug in key regions such as China, and Japan. For instance, in 2014, Japan Tobacco Inc. and its subsidiary Torii Pharmaceutical Co., Ltd. received manufacturing and marketing approval of Riona Tablets 250 mg from Japanese Ministry of Health, Labor and Welfare. Riona tablet is indicated for treatment of hyperphosphatemia, it is a new phosphate binder containing ferric citrate hydrate as the active pharmaceutical ingredient.