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Iron Deficiency Injectable Market 2023 - By Size, Share, Development, Trends Analysis And Global Outlook By 2033
Iron Deficiency Injectable Market
The Business Research Company's Iron Deficiency Injectable Global Market Report 2023 identifies increasing prevalence of polycystic ovar*y syndrome (PCOS) as the major driver for the Iron Deficiency Injectable market's growth in the forecast period. Polycystic ovar*y syndrome (PCOS) is a common hormonal disorder that affects people with ovaries, primarily women of reproductive age. Polycystic ovar*y syndrome (PCOS) leads to iron overload, which results in excessive blood loss during menstruatio*n and makes patients anemic, which can be cured by injectable iron deficiency medications.
The iron deficiency injectable market size has grown rapidly in recent years. It will grow from $12.75 billion in 2023 to $14.06 billion in 2024 at a compound annual growth rate (CAGR) of 10.3%. The growth in the historic period can be attributed to high prevalence of iron deficiency anemia treatments, bariatric surgery patients, pediatric and adolescent patients, growing pregnancy. The iron deficiency injectable market size is expected to see rapid growth in the next few years. It will grow to $20.68 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%.
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Major competitors in the Iron Deficiency Injectable market are Daiichi Sankyo Company Limited, Pfizer Inc., Aetna Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi S.A, AstraZeneca PLC.
A key trend in the Iron Deficiency Injectable market includes high prevalence of malnutrition. Malnutrition refers to a health condition characterized by an imbalance between the intake of essential nutrients and the body's nutritional needs. Iron deficiency injectables are administered to malnourished patients to rapidly replenish iron stores in the body and provide a concentrated dose of iron that is quickly absorbed into the bloodstream, allowing for a swift correction of the deficiency. For instance, in March 2023, according to the California Department of Public Health, a US-based state-level governmental agency, the number of deaths attributed to malnutrition increased to 1,406 in 2022, representing a 22.36% rise compared to the 1,149 deaths reported in 2021. Therefore, the high prevalence of malnutrition will propel the growth of the iron deficiency injectable market going forward.
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The Iron Deficiency Injectable market is segmented -
• By Type: Iron Dextran, Iron Sucrose, Ferric Carboxymaltose
• By Branded or Generics: Branded, Generics
• By Application: Chronic Kidney Disease, Inflammatory Bowel Disease, Cancer, Other Applications
• By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Iron Deficiency Injectable market.
The Business Research Company's "Global Iron Deficiency Injectable Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Iron Deficiency Injectable Market Include:
1. Executive Summary
2. Iron Deficiency Injectable Market Characteristics
3. Iron Deficiency Injectable Market Trends And Strategies
4. Iron Deficiency Injectable Market - Macro Economic Scenario
5. Global Iron Deficiency Injectable Market Size and Growth
……………………………….
32. Global Iron Deficiency Injectable Market Competitive Benchmarking
33. Global Iron Deficiency Injectable Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Iron Deficiency Injectable Market
35. Iron Deficiency Injectable Market Future Outlook and Potential Analysis
36. Appendix
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