Hematuria Treatment Market Forecast, Trends, Scope by 2031
The hematuria treatment market size is projected to reach US$ 1.98 billion by 2031 from US$ 0.98 billion in 2023. The market is expected to register a CAGR of 2.5% during 2023–2031. A rise in preference for advanced therapies will likely remain a key trend in the market.
Hematuria Treatment Market Analysis
The key factors that are driving the growth of the market are the high prevalence of hematuria-associated indications, increasing awareness about treatment options, and improving healthcare expenditure, which are factors propelling the hematuria treatment market. Furthermore, technological developments in medical devices and diagnostic procedures have led to various options for managing hematuria-associated indications, such as kidney stones, bladder stones, and urinary tract infections, which will likely offer opportunities to the hematuria treatment market in the coming years.
Hematuria Treatment Market Overview
Chronic kidney disease (CKD) is a common and life-threatening condition that affects a larger population worldwide. There are various types of CKDs, such as kidney stones, glomerulonephritis, polycystic kidney disease, and urinary tract infections. CKD is one of the fundamental causes behind the prevalence of hematuria. For instance, according to a study published in the National Center for Biotechnology Information in May 2019, urinary tract infections (UTIs) are generally observed as outpatient infections in the US, mostly occurring among women of the age group between 14 and 24 years. In addition, the prevalence of UTI among women over 65 years of age is about 20% compared to the overall population, which is about 11%. Currently, the global hematuria treatment market is gaining significantly from the increasing prevalence of associated indications.
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Hematuria Treatment Market: Strategic Insights
Market Size Value in US$ 932.89 million in 2021 Market Size Value by US$ 1,103.61 million by 2028 Growth rate CAGR of 2.4% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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Hematuria Treatment Market: Strategic Insights
| Market Size Value in | US$ 932.89 million in 2021 |
| Market Size Value by | US$ 1,103.61 million by 2028 |
| Growth rate | CAGR of 2.4% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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Hematuria Treatment Market Drivers and Opportunities
Increasing Awareness About Treatment Options and Improving Healthcare Expenditure
Healthcare expenditure has considerably increased due to the rising prevalence of chronic indications. The governments of various economies are investing substantially in improving the healthcare infrastructure. For instance, as per the data published in December 2020 by the US Centers for Medicare & Medicaid Services (CMS), the National Health Expenditure (NHE) increased by about 4.6%, US$ 11,582 per person, and accounted for about 17.7% of gross domestic product (GDP). In addition, CMS projected that the health care spending in the US is expected to reach about US$ 6.19 trillion in April 2020.
Moreover, patients in developed economies are becoming aware of the possible treatments and availability of reimbursement for the hematuria treatment. Hematuria is among the initial indications of chronic diseases such as blood cancer, bladder cancer, and kidney cancer. These diseases are covered under various health insurance policies that help ease the treatment of the patients and reduce the financial burden of healthcare. Thus, improving healthcare expenditure and awareness among patients about the treatment is driving the hematuria treatment market.
Increasing Opportunities for Related Treatments
The aging population, which is more likely to acquire hematuria disease due to an increase in kidney stones and urinary tract infections, is one of the main drivers propelling the market's expansion. The use of advanced treatment technologies is expected to enhance patient care. For instance, the implementation of robotics in surgeries for treating urolithiasis has gained popularity in recent years. Currently, Vinci Surgical System, by Intuitive Surgical Inc., is widely used in performing surgeries to treat urolithiasis. Similarly, the uptake of endourological interventions for kidney stones has increased significantly across various North American, European, and Asian countries. It is also expected that advancements in associated indications will support the global hematuria treatment market during the forecast period.
Hematuria Treatment Market Report Segmentation Analysis
Key segments that contributed to the derivation of the hematuria treatment market analysis are product type, indication type, and end user.
- Based on treatment, the hematuria treatment market is segmented into drugs, therapies, and others. The drugs segment held the most significant market share in 2023.
- Based on indication, the hematuria treatment market is segmented by urinary tract infections, kidney stones, urethritis, blood cancer, bladder stones, prostate cancer, cystitis, trauma, vigorous exercise, polycystic kidney disease, endometriosis, menstruation. The urinary tract infections segment held the largest market share in 2023.
- Based on the end user, the hematuria treatment market is segmented by hospitals, clinics, and ASCs, among others. The hospital's segment held the largest market share in 2023.
Hematuria Treatment Market Share Analysis by Geography
The geographic scope of the hematuria treatment market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
In North America, the U.S. is the largest hematuria treatment market. The growth of this market is primarily driven by the increasing prevalence of chronic kidney disorders (CKD) and the growing number of product launches by key players. For instance, in 2016, the Centers for Disease Control and Prevention (CDC) stated that an estimated 0.7 million people were treated for end-stage renal disease (ESRD) in the U.S. The prevalence of ESRD more than doubled between 1990 and 2016. Moreover, the increase in the incidence of hematuria among adults, surge in awareness, and extensive research & development activities are also expected to drive the prevalence of hematuria treatments, which will eventually offer a lucrative opportunity for the growth of the market.
Hematuria Treatment Market Report Scope
Hematuria Treatment Market News and Recent Developments
The Hematuria Treatment Market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the hematuria treatment market are listed below:
- AstraZeneca’s Farxiga (dapagliflozin) has been approved in the US to reduce the risk of cardiovascular (CV) death, hospitalization for heart failure (CHF), and urgent heart failure (HF) visits in adults with HF. The approval by the Food and Drug Administration (FDA) was based on positive results from the DELIVER Phase III trial.1 Farxiga was previously approved in the US for adults with HF with reduced ejection fraction (HFrEF). (Source: AstraZeneca’s, Company Website, May 2023)
Hematuria Treatment Market Report Coverage and Deliverables
The “Hematuria Treatment Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Hematuria treatment market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Hematuria treatment market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Hematuria treatment market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the hematuria treatment market
- Detailed company profiles
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Treatment, Indication, Type, End User and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America dominated the hematuria treatment market in 2023
The key factors that are driving the growth of the market are the high prevalence of hematuria-associated indications, increasing awareness about treatment options, and improving healthcare expenditure are factors propelling the hematuria treatment market.
A rise in Preference for Advanced Therapies will likely remain a key trend in the market.
AstraZeneca, Merck & Co., Inc., Bristol-Myers Squibb Company, Merck & Co., Inc., F. HOFFMANN-LA ROCHE LTD., GlaxoSmithKline plc., Janssen Pharmaceuticals, Novartis AG, Pfizer Inc., Boehringer Ingelheim International GmbH.
The market is expected to register a CAGR of 2.5% during 2023–2031.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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