The Hyperkalemia Treatment Market to Witness Substantial Growth in North America
Hyperkalemia is a diseases in which levels of potassium are higher than normal level in blood serum. An individual is prone to develop hyperkalemia when the consumption of potassium exceeds. Hyperkalemia can occur due to diabetic kidney disease, chronic kidney disease, or congestive heart failure. It is diagnosed by glucose monitoring, blood tests, creatinine blood test, and kidney functioning test. Other hyperkalemia treatment options include IV calcium, diuretics, albuterol, insulin, and sodium bicarbonate. While mild hyperkalemia is usually asymptomatic, high levels of potassium may cause life-threatening paralysis, muscle weakness, or cardiac arrhythmias. Rising prevalence of chronic kidney disease and cardiac arrhythmias are major factors driving the hyperkalemia treatment market growth.
According to the Centers for Disease Control and Prevention (CDC), more than one in seven (around 37 million people in the U.S.) are estimated to have chronic kidney disease. Moreover, increasing prevalence of lifestyle-associated diseases, such as type 2 diabetes, obesity, stroke, heart disease, and atherosclerosis, also leads to high prevalence of hyperkalemia, which in turn, is propelling the hyperkalemia treatment market growth. More than seven million people die of cancer each year and 30% of those diseases are attributed to lifestyle choices. The increasing prevalence of chronic hyperkalemia and acute hyperkalemia are due to the growing geriatric population, worldwide.
According to the World Health Organization (WHO), by 2050, the world's population aged 60 years and older is expected to total 2 billion, up from 900 million in 2015. Therefore, with the increasing geriatric population, the demand for hyperkalemia treatment is also increasing with a rapid pace. For instance, in April 2020, Japan approved AstraZeneca’s Lokelma (sodium zirconium cyclosilicate) for hyperkalemia. Lokelma is also approved for the treatment of hyperkalemia in the United States, Canada, European Union, China, Hong Kong, and Russia. The U.S. Food and Drug Administration (FDA) approved Lokelma in 2018 for the treatment of hyperkalemia in adults.
Furthermore, growth of the hyperkalemia treatment market, in North America, is mainly driven by the increasing awareness among people about kidney disease, favorable healthcare policies, growing incidence of hyperkalemia, and growing number of geriatric population in the region. For instance, in September 2019, The American Kidney Fund launched a new health education campaign for patients with kidney disease. The campaign was designed to bolster patient-knowledge of hyperkalemia, thereby improving potassium control. Advanced kidney disease is a common cause of hyperkalemia. Henceforth, the increasing adoption of a patient-centric approach is expected to augment the growth of the hyperkalemia treatment market.
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