Press release
Anemia Drugs Market Increasing Awareness of Anemia & Anticipated To Create New Opportunities For Market During 2017-2025
Anemia is a common cause of qualitative or quantitative deficiency of hemoglobin. Hemoglobin is an iron rich protein that caries the oxygen from lungs to the other parts of body tissue. The hemoglobin deficiency is generally associated with the decrease in the number of red blood cells and hematocrit. Anemia causes low transfer of oxygen to the rest of the body. Anemia is easily preventable and treated however, there are mild or vague symptoms for detection of anemia due to which anemia mostly goes undetectable. Commonly, the symptoms such as weakness or fatigue due to exercise, malaise and sometimes poor concentration are observed in patients with anemia.
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In addition, as the anemia progresses patients suffer from shortness of breath due to exertion, increase in cardiac output leading to palpitations, sweeting and heart failure. Anemia is commonly found in patients with nutrition deficiency (poor iron or vitamin diet), chronic diseases (such as cancer, kidney diseases, diabetes, etc.), chronic infections (such as HIV, tuberculosis, etc.) and high blood loss (due to injury, menstrual bleeding, surgery etc.). Anemia is hereditary or acquired disorder that affects the hemoglobin synthesis such as sickle cell anemia and thalassemia. Furthermore, bone marrow and stem cell reduction may result into anemia. More than 400 types of anemia are diagnosed which vary according to the causes and symptoms.
The high rate of nutrition deficiency is the major driving factor of anemia drugs market, globally. According to WHO estimates, around 50% of cases of anemia are reported due to iron deficiency. The increase in prevalence of chronic diseases and disorders and growing baby blooming population are escalating the anemia drugs market. The increase in anemia due to lack of proper nutritional diet in undeveloped countries are increasing the anemia drugs market. According to the World Bank, anemia is the 8th leading cause of disease among the women and young girls. The government initiatives in improving the healthcare facilities in developing countries is estimated to drive the market growth. However, adverse effects associated with the medications of anemia drugs is anticipated to hinder the market growth. For instance, patients with diabetes taking iron for anemia, may increase the risk of heart diseases. The ongoing research and development associated with the anemia drugs and increasing awareness of anemia in developing and undeveloped countries is anticipated to create new opportunities for the market during the forecast period.
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The global anemia drugs market is segmented on basis of anemia type, drugs, distribution channel and geography
Based on anemia type, the global anemia drugs market is segmented into the following:
Microcytic (Low MCV)
Iron deficiency
Thalassemia
Others (Sideroblastic anemia, lead toxicity,etc)
Normocytic (Normal MCV)
High Reticulocyte Count (hereditary, blood loss, hemangioma, sickle cell anemia,etc)
Low Reticulocyte Count (Diamond blackfan syndrome, anemia due to renal diseases and chronic diseases, etc)
Macrocytic (High MCV)
Vitamin deficiency
Based on drugs, the global anemia drugs market is segmented into the following:
Dietary supplements
Iron supplements
Vitamin supplements
Folic Acid
Vitamin C
Vitamin B12
Medicines
Antibiotics
Hormones (Erythropoietin )
Chelation therapy (lead poisoning)
Others
Based on distribution channel, the global anemia drugs market is segmented into the following:
Hospitals Pharmacy
Online Pharmacy
Pharmacy
The rise in intake of NSAIDs due to hectic lifestyle such as aspirin and ibuprofen leading to ulcers and gastritis that causes anemia is significantly increasing the market growth, globally. The increasing awareness of anemia drugs in developing countries is anticipated to increase the market growth. Furthermore, the increase in research and development associated with the anemia drugs is expected to fuel the anemia drugs market growth during the forecast period. For instance, in November 2017, FDA approved Auryxia® (ferric citrate) Tablets as a Treatment for People with Iron Deficiency Anemia and Chronic Kidney Disease, Not on Dialysis.
North America holds a significant market share of the Anemia Drugs market owing to the well-established increase in lifestyle diseases and chronic diseases such as diabetes, cancer and others. Furthermore, Asia Pacific and Middle East & Africa regions are anticipated to show considerable growth rate owing to increase in government investment in healthcare sector and increasing awareness of the anemia in the region.
Some of the key players present in global anemia drugs market are Amgen Inc., Keryx Biopharmaceuticals, Inc., GlaxoSmithKline plc, Pfizer Inc., Emmaus Medical Inc., Allergan Inc., Meda Cuonsumer Healthcare Inc., F. Hoffmann La Roche AG, Abbvie Inc, Johnson and Johnson, and others. The companies are focusing on research and development of new drugs to increase their market share in the anemia drugs market.
The report covers exhaustive analysis on:
Anemia Drugs Market Segments
Anemia Drugs Market Dynamics
Historical Actual Market Size, 2012 - 2016
Anemia Drugs Market Size & Forecast 2017 to 2025
Anemia Drugs Market Current Trends/Issues/Challenges
Competition & Companies involved
Anemia Drugs Market Drivers and Restraints
Regional analysis includes
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Report Highlights:
Shifting Industry dynamics
In-depth market segmentation
Historical, current and projected industry size
Recent industry trends
Key Competition landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
Tailwinds and headwinds molding the market’s trajectory
Market segments based on products, technology, and applications
Prospects of each segment
Overall current and possible future size of the market
Growth pace of the market
Competitive landscape and key players’ strategies
The main aim of the report is to:
Enable key stakeholder’s in the market bet right on it
Understand the opportunities and pitfalls awaiting them
Assess the overall growth scope in the near term
Strategize effectively with respect to production and distribution
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