Why America Caters the Largest Market For Global Intravenous Iron and Oral Iron Market?

Intravenous Iron and Oral Iron supplements are recommended to maintain the iron level in the body. In some cases, oral administrations are not capable of maintaining the iron level in the body, which brings the intravenous iron therapy into the play.

According to the latest report released by Beige Market Intelligence on Global Intravenous (IV) Iron and Oral Iron Market – Strategic Assessment and Forecast Till 2021, the global intravenous iron and oral iron market is expected to cross US$ 3 billion by 2021, growing at an impressive CAGR close to 5%. The report which provides a detailed study of the intravenous iron and oral iron market trends, drivers and challenges has outlined the key geographies that are going to propel the market size of intravenous iron and oral iron.

The major regions such as America, EMEA, APAC are going to witness a huge growth of intravenous iron and oral iron use. But the America region is going to witness a huge growth in the intravenous iron and oral iron market.


Intravenous Iron and Oral Iron Drug Market in the Americas

The Americas accounted for the largest market share of ~46% in 2015, and the region is expected to dominate the market during the forecast period. The key regions contributing the most revenue in this region are US, Canada, & Brazil.

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ESRD in the US

According to the University of California, more than 650,000 patients in the US are affected by ESRD every year. It is estimated that 1% of the Medicare population in the US is living with ESRD; however, it is growing at a rate of 5% per year in the country. Thus, the rise in the population with ESRD in the US is likely to drive the demand for iron drugs.

Kidney Dialysis in the US

According to the University of Michigan, the demand for kidney dialysis is expected to rise in the US with the growing elderly population and the rise in prevalence of chronic conditions such as diabetes, hypertension, and heart diseases. As patients undergoing dialysis are required to be given iron supplements, the increase in kidney dialysis is expected to grow the demand for iron treatments.

The intravenous iron and oral iron drug market in the US is expected to grow at a CAGR of 4.9% during the forecast period 2015−2021.

ESKD in Canada
The number of Canadians with ESKD disease has increased steadily in last 10 years. The number of Canadians with diabetes (number 1 cause of ESKD) increased by 60% as of 2013. As patients with ESKD and patients requiring dialysis treatment require external intake of iron supplements, the demand for intravenous iron and oral iron in Canada can be expected to increase.

Brazil is among the top five countries in the world where a majority of the patients with kidney failures are treated. The number of patients with ESRD has rapidly increased worldwide. During 2008 to 2013, there was a 25% increase in the absolute number of hemodialysis sessions (10,022,962; 12,561,623) as per International Society of Nephrology (ISN). The increase in number of patients with ESRD and the growing demand for dialysis are likely to drive the market for oral and intravenous iron drug in Brazil.

View The Intravenous Iron and Oral Iron Report Abstract: http://www.beigemarketintelligence.com/reports/research-report-healthcare-market/intravenous-iv-iron-market/

Source Link: http://www.beigemarketintelligence.com/america-caters-the-largest-market-for-global-intravenous-iron-and-oral-iron-market/

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