Anemia Drugs Market Set to Witness Explosive Growth by 2028

 

Global Anemia Drugs Market – Overview

The anemia drugs market size is expected to grow by 8.4%, to reach USD 34.7 billion in the forecast period.

The global Anemia Drugs Market is growing with the sound pace. According to a recent study report published by the Market Research Future, the global anemia drugs market is booming and is expected to gain prominence over the forecast period growing rapidly. The market is forecasted to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a sound CAGR during the anticipated period.

Anemia is characterized by weakness, shortness of breath and a general tiredness due to a decrease in the total amount of red blood cells (RBCs) or haemoglobin in the blood. The lowered haemoglobin results in a lowered ability of the blood to carry oxygen. There are three main types of anaemia, i.e. due to blood loss, due to decreased or faulty red blood cell production and due to increased red blood cell breakdown. Anaemia affects a quarter of people of the world and of the different types of anaemia iron deficiency anaemia comprises of the largest number of people affected, about 1 billion and resulting in approximately 215,000 deaths each year. Anaemia is also more common in females than males. It also has a greater propensity to affect children, pregnant and lactating women and the elderly. Factors such as growing geriatric population, increasing awareness, rising focus on women health and, rising prevalence of cancer, poor nutritional habits, rise in lactating and pregnant women in developing regions, intestinal infections etc. are the major drivers for the market growth during the forecast period. However, poor absorption of intravenous iron drugs and the side effects associated with the treatment are the restraining factors for the growth of the market during the forecast period.

Key Players:

The major participants of this market are: Amgen Inc., GlaxoSmithKline plc, Bluebird bio, Biocon, GlycoMimetics Inc., Regen biopharma Inc., Bayer AG, Acceleron Pharma, Eli Lilly and company and others.

Market Segmentation:

Global anemia drugs market has been segmented

·         on the basis of anemia type which comprises iron deficiency anemia, sickle cell anemia, aplastic anemia, hemolytic anemia pernicious anemia and others.

·         On the basis of route of administration; market is segmented into oral and injectable. On the basis of product type; market is segmented into biologics and non-biologics.

·         On the basis of end users; market is segmented into hospitals, self-administered and others.

Global Anemia Drugs Market:

The Global anemia drugs market has been evaluated as a growing market and it is expected that the market will touch high growth figures in future. The global anemia drugs market is expected to grow with CAGR of ~8.4% during the forecast period. The rise will be led by the developing regions and market development will represent a good strategy. Market penetration is comparatively easy and the market is also devoid of a very efficacious drug. Thus research and development collaboration between companies will be a smart strategy. The rising healthcare funding in developing regions also provide a good opportunity for further market development. Biologics development pipeline represent another potential alternative for developing anemia drugs.

Regional Analysis:

Depending on geographic region, Anemia Drugs market is segmented into four key regions: America, Europe, Asia Pacific, and Middle East & Africa. Globally, America is the largest market for anemia drugs closely followed by Europe. Asia pacific region is however the fastest growing region in anemia drugs market due to unmet medical needs, changing socio-economic conditions, greater awareness towards women health etc.

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