Press release
Erythropoietin Drugs Market Size is Expected to Exhibit US$ 13.8 Billion by 2027
Erythropoietin (EPO) or hematopoietic is a hormone generated by kidneys to stimulate the production of red blood cells (RBCs) in the body. Its deficiency can lead to low levels of hemoglobin and several medical conditions. Consequently, there is increasing demand for EPO drugs, also known as EPO stimulating agents (ESAs), artificially produced through recombinant deoxyribonucleic acid (DNA) technology. They are generally administered intramuscularly and released into the bloodstream to trigger RBC production. They are also prescribed to patients undergoing chemotherapy, antiviral drug therapy, chronic renal failure, and at a high risk of perioperative blood loss from surgery. As a result, erythropoietin drugs are available in varying dosages and delivery modes across home care, specialty clinics, and hospitals.
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Erythropoietin Drugs Market Trends and Drivers:
The market is primarily driven by the increasing prevalence of chronic ailments such as kidney problems, cancer, neurological disorders, and acquired immunodeficiency syndrome (AIDS). In addition, the increasing use of erythropoietin for treating anemia caused due to several conditions, such as chemotherapy, end-stage renal disease (ESRD), radiotherapy, and antiretroviral treatments (ART), are contributing to the market growth. Moreover, various governments are taking initiatives to incentivize research on chronic diseases and encouraging individuals through grants, tax credits, drug exclusivity, and fee waivers to develop novel erythropoietin drug products, representing another major growth-inducing factor. Besides this, the rapid commercialization of cost-effective biosimilars, which are easy to switch, require less approval time, and are commonly used in chemotherapy cycles, is accelerating the product adoption rate. Furthermore, the growing incidence of end-stage renal diseases (dialysis), the recent repurposing of EPO drugs for treating diabetes mellitus (DM), and the rising strategic collaborations among drug manufacturers due to high return on investment (ROI) are creating a favorable global market outlook.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Drug Class:
Biologics
Biosimilars
Breakup by Product Type:
Epoetin-alfa
Epoetin-beta
Darbepoetin-alfa
Others
Breakup by Application:
Hematology
Kidney Disorder
Cancer
Others
Breakup by End User:
Hospitals
Homecare
Specialty Clinics
Others
Market Breakup by Region:
North America (United States, Canada)
Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa
Competitive Landscape with Key Player:
Amgen Inc.
Biocon Limited
Dr. Reddy's Laboratories Ltd.
F. Hoffmann-La Roche AG
Intas Pharmaceuticals Ltd.
Johnson & Johnson
LG Chem Ltd.
Pfizer Inc.
Sun Pharmaceutical Industries Limited
Teva Pharmaceutical Industries Ltd.
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