Intravenous Iron Drugs Market Report Overview
Iron is a vital element that is involved in biological activities such as heme synthesis, energy metabolism, neurotransmitter creation, myoglobin development, collagen formation, and immune system function, among others. Iron deficiency is one of the leading causes of iron deficiency anemia (IDA), which is linked to an increased risk of morbidity and death. According to a survey done by the Vitamin and Mineral Nutrition Information System, iron deficiency is responsible for roughly 30% of anemia in women and children in developing countries.
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Intravenous Iron Drugs Market Report Scope and Research Methodology
The intravenous iron drugs market is expected to grow faster as the number of clinical studies increases and patients’ responses to intravenous ferrous medicines improve. Besides that, the rising prevalence of cancer, chronic renal disease, and inflammatory bowel disease, together with the main players’ increased investments in product development activities, may result in a favourable market rise over the forecast period. Additionally, dialysis clinics are gaining traction in the IV iron drug market, since they represent a sizable client base for intravenous iron treatments. These dialysis clinics also provide iron doses and attract patients looking for dependable and safe IV iron medication.
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Intravenous Iron Drugs Market Regional Insights
Due to increased approvals and the introduction of new intravenous medications in the United States, North America dominated the intravenous iron drugs market in 2020, with the biggest revenue share of 39.9%. The rising frequency of cancer, chronic renal disease, and gastrointestinal illnesses in the region has also contributed to its dominance. Increased awareness of women’s health and an increase in the frequency of celiac disease are two key reasons propelling the market in the region. The United States and Canada are among the nations included in the area. In 2020, the United States dominated the intravenous iron medication market in the region. In the United States, the market for intravenous (IV) iron drugs is expected to reach US$458.8 million by 2020.
Intravenous Iron Drugs Market Segmentation
By Application, in 2023, the chronic renal disease segment dominated the intravenous iron drugs market for intravenous iron medicines, accounting for 30.8 percent of total revenue. The rising frequency of CKD and the high incidence of IDA among CKD patients are to blame for its large market share. In individuals with CKD, IDA is a prevalent complication. It is uncommon in the early stages of renal illness, although it does occur as the disease progresses and kidney function declines. Anemia is caused by a decrease in the amount of Red Blood Cells (RBCs) in CKD patients. As the number of people with CKD rises, so does the number of those who have IDA.
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Intravenous Iron Drugs Market Key Players
Allergan Plc. (Ireland)
AMAG Pharmaceuticals, Inc. (USA)
Daiichi Sankyo, Inc. (USA)
Luitpold Pharmaceuticals, Inc. (USA)
American Regent, Inc. (USA)
Pharmacosmos A/S (Denmark)
Sanofi US (USA)
Vifor Pharma Ltd. (Switzerland)
Key questions answered in the Automotive Relay Market are:
- What is Intravenous Iron Drugs ?
- What are the global trends in the Intravenous Iron Drugs Market?
- What are the factors contributing to the final price of Intravenous Iron Drugs ?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Intravenous Iron Drugs Market?
- How is the intervention from regulatory authority is shaping the Intravenous Iron Drugs Market?
- What growth strategies are the players considering to increase their presence in Intravenous Iron Drugs Market?
- Who held the largest market share in Intravenous Iron Drugs Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
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