Chemotherapy-Induced Anemia Market to Witness Strong Growth Due to Increasing Adoption of Erythropoiesis-Stimulating Agents and Iron Supplementation

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Chemotherapy-Induced Anemia Market- (By Type of Anemia (Mild Anemia, Moderate Anemia, Severe Anemia, Life-Threatening Anemia), By Treatment Type (RBC Transfusion, Erythropoiesis-stimulating agents (ESAs), Iron Supplementation), By Drug Type (Epogen Injection, Procrit Injection, Androxy Oral, Aranesp Injection, Epoetin Alfa Injection, and Others), End User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Others)), By Region, Trends, Industry Competition Analysis, Revenue and Forecast To 2031."

According to the latest research by InsightAce Analytic, the Global Chemotherapy-Induced Anemia Market is valued at US$ 2.4 Bn in 2023, and it is expected to reach US$ 3.9 Bn by 2031, with a CAGR of 6.5% during the forecast period of 2024-2031.

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Chemotherapy-induced anemia (CIA) is characterized by a reduction in hemoglobin levels in patients undergoing chemotherapy, primarily because chemotherapy drugs often target rapidly dividing cells. The global market for chemotherapy-induced anemia is expected to grow significantly, driven by the rising prevalence of both cancer and anemia, particularly among the elderly population. Increased incidence of bone marrow invasion and the onset of systemic inflammatory conditions are contributing to the growing demand for chemotherapy-induced anemia treatments.

Market expansion is anticipated to be further supported by advancements in technology, product innovation, government incentives, and improvements in pipeline therapies. Additionally, the potential introduction of favorable reimbursement policies is expected to create attractive growth opportunities in the coming years. However, the market faces challenges from stringent regulatory requirements related to the approval and utilization of CIA treatments. Furthermore, manufacturing complexities and pharmacological challenges associated with the development of CIA therapies are expected to moderate market growth during the forecast period.

Rising awareness of chemotherapy-induced anemia and improvements in diagnostic capabilities are expected to enhance the identification and treatment of anemia in chemotherapy patients, thereby driving market growth throughout the projected period.

List of Prominent Players in the Chemotherapy-Induced Anemia Market:
• Astellas Pharma Inc.
• Blausen Medical
• Dr. Reddy's Laboratories Ltd.
• Elsevier Inc.
• F. Hoffmann-La Roche Ltd
• FibroGen, Inc.
• GlaxoSmithKline PLC
• Healio
• Johnson & Johnson
• Karger AG
• Novartis AG
• Pfizer Inc.

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Market Dynamics:
Drivers:
The increasing global incidence of cancer is a key factor driving the growth of the chemotherapy-induced anemia (CIA) market. As the number of cancer patients undergoing chemotherapy rises, the occurrence of anemia as a common side effect has also increased. The growing complexity and intensity of chemotherapy treatments have heightened the need for improved anemia management. Additionally, increased awareness and advancements in diagnostic capabilities are enhancing the detection and treatment of CIA, further driving market demand. The expanding senior population, which faces a higher risk of cancer, is also contributing to market growth.

Challenges:
The chemotherapy-induced anemia market faces significant challenges due to stringent regulatory requirements, including lengthy clinical trials and complex approval processes, which delay the introduction of new therapies. Concerns over the safety profiles of certain treatments further restrict market growth. Additionally, the availability of more affordable and accessible alternatives, such as blood transfusions and other emerging anemia treatments, may reduce the demand for chemotherapy-induced anemia-specific therapies.

Regional Trends:
North America is anticipated to dominate the chemotherapy-induced anemia market in terms of revenue and is projected to grow at a high compound annual growth rate (CAGR) in the coming years. This growth is supported by a well-established healthcare infrastructure and the increasing availability of chemotherapeutic drugs. Furthermore, the aging population and the rising incidence of cancer and anemia are expected to drive substantial market expansion in the region. Europe is also expected to hold a significant market share due to rapid urbanization, improved healthcare facilities, and increasing disposable income. Rising cancer rates linked to unhealthy lifestyle choices, a large population affected by anemia, and the growing trend of medical tourism are expected to further fuel the market for chemotherapy-induced anemia treatments in Europe.

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Recent Developments:
• In May 2024, Xyphos Biosciences, Inc., a wholly-owned subsidiary of Astellas, and Poseida Therapeutics, Inc., a publicly traded company, announced that they have formed a research collaboration and license agreement to create new convertible car programs. This will be achieved by combining the cutting-edge cell therapy platforms of both companies.
• ·In March 2024, Elsevier, a world leader in providing information solutions and products for science, technology, and medicine, is pleased to announce the launch of a new open-access journal, CMI Communications, in collaboration with ESCMID, the leading European society for clinical microbiology and infectious diseases.

Segmentation of Chemotherapy-Induced Anemia Market-
Chemotherapy-Induced Anemia Market-By Type of Anemia
• Mild Anemia
• Moderate Anemia
• Severe Anemia
• Life-Threatening Anemia
Chemotherapy-Induced Anemia Market-By Treatment Type
• RBC Transfusion
• Erythropoiesis-stimulating agents (ESAs)
• Iron Supplementation
Chemotherapy-Induced Anemia Market-By Drug Type
• Epogen Injection
• Procrit Injection
• Androxy Oral
• Aranesp Injection
• Epoetin Alfa Injection
• Others
Chemotherapy-Induced Anemia Market-By End-User
• Hospitals
• Specialty Clinics
• Ambulatory Surgical Centers
• Others
Chemotherapy-Induced Anemia Market-By Region
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.