SECONDARY HYPERPARATHYROIDISM TREATMENT MARKET ANALYSIS

Regional Analysis

Secondary Hyperparathyroidism Treatment Market: Regional Insights

On the basis of region, the global secondary hyperparathyroidism treatment market by Coherent Market Insights is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America holds a dominant position in the global secondary hyperparathyroidism treatment market, owing to increasing research and development of novel therapies and potential drugs for secondary hyperparathyroidism as well as high prevalence of chronic kidney disease. According to the Centers of Disease Control & Prevention (CDC), in 2014, 118,000 people in the U.S. started treatment for ESRD, and 662,000 were living on chronic dialysis. Furthermore, Europe is expected to be the second-largest contributor in the secondary hyperparathyroidism treatment market, in terms of revenue and is expected to gain significant traction in the near future. This is owing to launch of new drugs and therapies, to combat secondary hyperparathyroidism as well as presence of significant population suffering from the disease in this region. For instance, in December 2016, Amgen’s drug etecalcetide (Parsabiv), received marketing approval in Europe by the European Commission for treatment of secondary hyperparathyroidism in adult patients with chronic kidney diseases. Furthermore, Asia Pacific is expected to be the fastest growing region, owing to regional companies conducting clinical trials for launch of new drugs. For instance, Kyowa Hakko Kirin China Pharmaceutical Co., Ltd is under Phase 4 clinical trial to determine the safety and efficacy of its new lead compound Cinacalet for treatment of patients suffering with mild to moderate SHPT and expected to be launched in the market by April 2019.