Nephrology is a branch of science that deals with the treatment of diseases that affect the kidneys. And the doctor who is a specialist in treating such diseases of the kidneys is referred to as a Nephrologist.
In order to calculate the overall market value of the nephrologists, the revenue generated by the nephrologists through the treatments of the patients with kidney disease is sought. Moreover, the global market is the calculation of the total number of nephrologists and the average income of a nephrologist.
Moreover, the appropriate number of nephrologists in a country depends on several additional factors too, that includes need, priority, and resources, and as such, there is no global standard with respect to the nephrologist community.
Nephrologists have domains to opt-in as their career options like Practicing their profession as an individual- Solo Practice, To practice with a group of nephrologists at a place, To work with a hospital for full time or with different hospitals as part-time, To follow their profession with a partner. Additionally, the revenue generated from nephrology physician workforce includes several elements like consultation fee, equipment, logistics, procedures performed, practice management, practice setting, risk management, etc.
The increasing burden of kidney diseases is the main cause of growing need for nephrologists worldwide. Although there is a major advancement in medicines now, yet kidney disease continues to increase and has reached epidemic proportions worldwide. Moreover, according to a survey report by European Association ERA-EDTA, 2019, there is nearly 50 million chronic kidney disease (CKD) patients in the United States are now estimated to have such disease from various causes. And, Chronic kidney disease (CKD) has become the 6th fastest-growing cause of death by causing at least 2.4 million deaths per year.
Even after the recent advancements in the diagnosis and the treatment of kidney disease patients, kidney specialists are required for better evaluation and treatment of patients with kidney disease within a stipulated time frame and coordinated manner
Therefore, increasing the burden of advanced practitioner’s duties, the requirement for kidney specialists/nephrologists is increased worldwide. These factors are evaluated for careers in nephrology and are expected to drive the market for nephrologists.
Apart from it, It is a little difficult to recruit pediatric nephrology trainees in most of the regions throughout the world.
According to Nephrology USA, The main reason behind such difficulty is the long duration of its training, as some of the students don’t feel it interesting. Although the training period varies from country to country, 3 years post pediatric training is most common. This length of training is discouraging young physicians from choosing a career in nephrology.
These are the factors that lead to workforce inadequacy and challenging growth of the market.
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