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Iron Deficiency Injectable Market Report 2024: Strategies And Recent Developments | Daiichi Sankyo Company Limited, Pfizer Inc., Aetna Inc., AbbVie Inc., Bayer AG
Iron Deficiency Injectable Market Growth
The Business Research Company offers in-depth market insights through Iron Deficiency Injectable Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to geriatric population, global health initiatives, government initiatives, incresing treatments for chronic conditions, rapid iron replenishment. Major trends in the forecast period include advances in iron formulations, digital health solutions, advancements in iron deficiency injectable therapy, adoption of iron-based drugs,.
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Market Segmentation:
The main types of iron deficiency injectables are iron dextran, iron sucrose and ferric carboxymaltose. Iron dextran is a complex of iron and a carbohydrate called dextran. The various types of branded or generics are branded, generics that are used in various applications such as chronic kidney disease, inflammatory bowel disease, cancer and others and also by various end users such as hospitals, homecare, specialty clinics and others.
Iron Deficiency Injectable Global Market Report 2023 provides data on the global iron deficiency injectable market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The iron deficiency injectable market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Rising Prevalence Of Pcos Fuels Demand For Iron Deficiency Injectables
The increasing prevalence of PCOS is expected to propel the growth of the iron deficiency injectables market going forward. PCOS is a common hormonal disorder that affects people with ovaries, primarily women of reproductive age. PCOS leads to iron overload, which results in excessive blood loss during their periods and makes patients anemic, which can be cured by injectable iron deficiency medications. For instance, in June 2023, according to the World Health Organization, a US-based specialized health agency, globally, PCOS affects an estimated 8-13% of reproductive-aged women, among whom 70% remain undiagnosed. Therefore, the prevalence Of PCOS is driving the growth of the iron deficiency injectables market.
Competitive Landscape:
Major players 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, GSK PLC, Fresenius Medical Care, Teva Pharmaceutical Industries Ltd., Mylan N.V., B Braun Medical Inc., Sandoz, Fresenius Kabi AG, Cipla Limited, Emcure Pharmaceuticals Ltd., AMAG Pharmaceuticals Inc., Luitpold Pharmaceuticals Inc., Akebia Therapeutics Inc., Covis Pharma GmbH , Keryx Biopharmaceuticals Inc., Rockwell Medical Inc., American Regent Inc., Galen Medical Group.
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Top Trend - Companies Introduce Innovative Iron Deficiency Therapies Like Injectafer To Expand Market Presence
Major companies operating in the iron deficiency injectables market are developing new therapies, such as INJECTAFER, to sustain their position in the market. For instance, in June 2023, Daiichi Sankyo Company, a US-based healthcare company and American Regent Inc., a US-based injectables manufacturer, launched INJECTAFER (ferric carboxymaltose injection) for iron deficiency, which the Food And Drug Administration, a US-based government agency, approved. This is the first and only intravenous iron replacement therapy for adult patients with chronic and progressive heart failure to receive FDA approval. More than 40 clinical trials involving more than 8,800 participants from different countries were examined with INJECTAFER. This latest approval builds on INJECTAFER's successful and demonstrated use in these patients, including adult and pediatric patients with iron-deficient anemia and heart failure.
The Table Of Content For The Market Report 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. Iron Deficiency Injectable Market Size And Growth
…..
27. Iron Deficiency Injectable Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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