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Comprehensive Anemia In Elderly Market Insights: Forecasting Size, Growth, and Competitive Trends from 2025 to 2034
Anemia In Elderly Market Share
The expansion of the anemia in the elderly market is expected to be powered by the growing elderly population. This elderly group is defined as an increasingly large portion or count of individuals who are 65 or older in a specified society or on a global scale. Several factors contribute to this upward trend in the elderly population including longer life expectancy, lower birth rates, and the aging of sizeable demographic groups. A larger elderly population naturally leads to an increased occurrence of age-related and chronic conditions, with anemia being a prominent issue among the elderly. The need for diagnosis, management, and treatment of anemia thus increases, spurring on market growth. In 2024, the Office for National Statistics (ONS), a government organization based in the UK, reported that the number of people aged 65 or over in the UK had grown from 11 million in 2021 to 12.7 million in 2022. For this reason, it can be deduced that the escalating elderly population is a driving factor for the growth of the anemia in elderly market.
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How will the growth rate of the anemia in elderly market shape industry trends by 2034?
In recent times, the market size of anemia in the elderly has experienced substantial growth. The market size is projected to rise from $2.75 billion in 2024 to about $3.02 billion by 2025, boasting a compound annual growth rate (CAGR) of 9.7%. Factors contributing to growth in the previous phases include nutritional deficiencies, chronic illnesses, inflammation, disorders of bone marrow, and blood loss.
The market size of anemia in the elderly is projected to witness a robust growth in the coming years, reaching $4.32 billion by 2029 with a compound annual growth rate (CAGR) of 9.3%. The expansion during the forecast period can be linked to factors such as an aging population, an increase in chronic illnesses, advancements in diagnostics, growing health consciousness, and better accessibility to treatment. The forecast period will also see major trends like diagnostics powered by artificial intelligence, wearable health trackers, sophisticated blood testing tools, the incorporation of telehealth, and custom treatment plans.
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What trends are poised to drive the future success of the anemia in elderly market?
Leading businesses in the anemia among the elderly market are concentrating on technological innovations, such as bespoke treatments, to make treatment procedures more efficient, enhance patient results, minimize adverse reactions, and improve overall healthcare productivity. Individualized treatments are medical procedures tailored to the specific attributes of each patient. For example, in March 2024, Cadila Pharmaceuticals, a pharmaceutical company based in India, unveiled Redshot FCM, a ground-breaking iron injection intended to treat iron deficiency anemia in patients struggling with oral iron intolerance. Redshot FCM, an intravenous preparation, provides sufficient iron and highlights an incredible safety record. This injection uses an innovative Ferric Carboxymaltose recipe that boosts iron supply and absorption. By creating personalized treatments that consider each patient's unique profile, Redshot FCM illustrates a commitment to enhancing healthcare and improving treatment outcomes for iron deficiency anemia.
Which primary segments of the anemia in elderly market are driving growth and industry transformations?
The anemia in elderly market covered in this report is segmented -
1) By Product Type: Tablets, Injectable
2) By Treatment: Iron Supplements, Erythropoietin Or Erythrocyte-Stimulating Agents, Vitamin B12 Supplements, Folic Acid Supplements
3) By Route Of Administration: Oral, Parenteral
4) By End User: Hospital pharmacy, Online Pharmacy, Retail pharmacy
Subsegments:
1) By Tablets: Iron Supplements, Vitamin B12 Supplements, Folic Acid Tablets, Erythropoiesis-Stimulating Agents (ESAs) Tablets
2) By Injectable: Iron Injections, Vitamin B12 Injections, Erythropoiesis-Stimulating Agents (ESAs) Injections, Folic Acid Injections
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Which geographical regions are pioneering growth in the anemia in elderly market?
North America was the largest region in the anemia in elderly market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anemia in elderly market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the anemia in elderly market landscape?
Major companies operating in the anemia in elderly market are Johnson & Johnson, Roche Holding AG, Merck & Co Inc, Bristol-Myers Squibb Company, AstraZeneca plc, Novartis International AG, Takeda Pharmaceutical Company Limited, Amgen Inc, Japan Tobacco Inc, Fresenius Medical Care AG, Teva Pharmaceutical Industries Ltd, Sandoz International GmbH, CSL Limted, Daiichi Sankyo Company Limited, Amag Pharmaceuticals, Akebia Therapeutics Inc, Pharmacosmos A/S, Rockwell Medical Inc, Bioage Labs Inc, Shield Therapeutics Plc, MegaPro Biomedical Co Ltd
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What Is Covered In The Anemia In Elderly Global Market Report?
•Market Size Forecast: Examine the anemia in elderly market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the anemia in elderly market for a structured understanding.
•Key Players Overview: Analyze major players in the anemia in elderly market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the anemia in elderly market.
•Segment Contributions: Evaluate how different segments drive overall growth in the anemia in elderly market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the anemia in elderly market.
•Industry Challenges: Identify potential risks and obstacles affecting the anemia in elderly market.
•Competitive Landscape: Review strategic developments in the anemia in elderly market, including expansions, agreements, and new product launches.
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