The Global Anemia Drugs Market is expected to be around US$21.4 billion and is expected to grow at a CAGR of 8.4% to reach US$34.7 billion by the end of forecast period.
Anemia is one of the most common disorder related to blood and affects a whooping one quarter of the world population. It is characterized by tiredness, shortness of breath, lack of exercise capacity, weakness etc. The reason for the above symptoms are the lowered capacity of blood to carry oxygen due to imbalance in the level of red blood cells. The disease has a propensity towards women especially pregnant and lactating and geriatrics.
The global market for anemia is growing at a good rate and the market is expected to make a transition in favor of developing regions. The driving factors are growth of geriatric population, increasing awareness, increasing focus of social healthcare on women health and particularly anemia, rise in accidents and cancer, rise in other risk factors such as diabetes, modern lifestyle induced stress, poor nutritional habits, rise in lactating and pregnant women in developing regions, intestinal infections etc.
The market opportunity is huge and the market is quite fragmented with a number of players. There is a huge unmet market especially in developing regions. In some nations the market can also be segmented into contract and private, with the contract market led by government contracts for anemic drugs for social health programs.
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The drugs such as parenteral and oral iron supplements have a poor absorption and side effects associated with them. The market is devoid of a good efficacious drug and development pipeline represents a huge opportunity. Other restraints on the market is growing incomes of developing regions which will result in loss of patients affected by anemia due to nutritional factors.
The Global anemia drugs market has been evaluated as a growing market and it is expected that the market will touch high growth figures in future. The global anemia drugs market is expected to grow with CAGR of ~8.4% during the forecast period. The rise will be led by the developing regions and market development will represent a good strategy. Market penetration is comparatively easy and the market is also devoid of a very efficacious drug. Thus research and development collaboration between companies will be a smart strategy. The rising healthcare funding in developing regions also provide a good opportunity for further market development. Biologics development pipeline represent another potential alternative for developing anemia drugs.
Key Players for Global Anemia Drugs Market:
Some of the key players in this market are: Amgen Inc., GlaxoSmithKline plc, Bluebird bio, Biocon, GlycoMimetics Inc., Regen biopharma Inc., Bayer AG, Acceleron Pharma, Eli Lilly and company and others.
Market Segments:
Global anemia drugs market has been segmented on the basis of anemia type which comprises iron deficiency anemia, sickle cell anemia, aplastic anemia, hemolytic anemia pernicious anemia and others. On the basis of route of administration; market is segmented into oral and injectable. On the basis of gender; market is segmented into male and female. On the basis of product type; market is segmented into biologics and non-biologics. On the basis of end users; market is segmented into hospitals, self-administered and others.
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Regional Analysis of Global Anemia Drugs Market:
Globally America is the largest market for anemia drugs followed closely by Europe. However it must be noted that the Asia pacific region is the fastest growing region and is poised to overtake the developed regions market soon. The Middle East and African market will also witness good growth rates. The chief cause for the greater growth of developing regions market is the rise of geriatrics population, unmet medical needs and social health schemes launched by governments and other bodies. The awareness towards women health and changes in social conditions is also fuelling the demand for anemic drugs.
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Study Objectives Global Anemia Drugs Market:
To provide detail analysis of the market structure along with forecast for the next 7 years of the various segments and sub-segments of the global anemia drugs market. To provide insights about factors affecting the market growth. To analyze the market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa. To provide country level analysis of the market with respect to the current market size and future prospective. To provide country level analysis of the market for segments by anemia type, by route of administration, by Gender (Male and Female), by product type, by end users and other sub segments. To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market. To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments globally.
The report for Global Anemia Drugs Market of Market Research Future comprises extensive primary research along with the detail analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides detail information and strategies of the top key players in the industry. The report also gives a broad study of the different markets segments and regions.
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