In the coming years, it is expected that the Global Anemia Drugs Market will advance with higher growth rate as compared to previous years. Rising pressure to curb healthcare costs has fuelled the growth of the market for Anemia Drugs.
Pune, India -- (SBWIRE) -- 03/29/2018 -- MarketResearchFuture.com published a Half-Cooked research report on "Global Anemia Drugs Market Research Report - Forecast to 2022" reports to its database. – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
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The global market for Anemia Drugs 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.
The report titled "Anemia Drugs Market -Forecast to 2022? is a direct appreciation by Market Research Future of the market potential of the Anemia Drugs Market. The report intends to provide accurate and meaningful insights, both quantitative as well as qualitative. It can be said with high confidence level, that this report will satisfy the need for comprehensive insights needed to compete and beat other players in today's winner takes all market!
Americas led by the U.S. is the largest market for anemia drugs. The growth and dominance of the developed regions is due to launch of several reengineered biologics especially the erythropoietin category. The large per capita income, coupled with the excellent reimbursement rates are the prime reasons for the growth of the market.
Europe led by Germany, France and others holds the second largest market. Asia pacific region is the fastest growing region due to large unmet need and strong government support. China and India are the fastest growing regions in the Asia pacific market. The Middle East and African market are also expected to deliver good growth rates owing to the rise of geriatrics population, unmet medical needs and social health schemes launched by governments and other bodies. The growing awareness towards women health and changes in social conditions is also changing the landscape of the anemic drugs market.
Some of the dominant players for global anemia drugs market are GlaxoSmithKline Plc, Amgen Inc., GlycoMimetics Inc., Bluebird bio, Biocon, Bayer AG, Regen biopharma Inc., Acceleron Pharma, Eli Lilly and company and others.
Anemia is an umbrella term characterized by weakness, shortness of breath and a fatigue owing to lowered ability of the blood to carry oxygen due to decrease in the amount of hemoglobin or red blood cells (RBCs) in the blood. The global anemia drugs market generated USD 21.4 billion in 2016, which is anticipated to generate a CAGR of 8.4 % to yield USD 34.7 billion by the end of forecast period of 2023.
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The growth of geriatric population, rise in accidents and cancer, increasing awareness, poor nutritional habits, increasing focus of social healthcare on women health and particularly anemia, rise in other risk factors such as diabetes, modern lifestyle induced stress, rise in lactating and pregnant women, intestinal infections etc. are the critical drivers of the market. According to the World Health Organization anemia affects a quarter of world population with iron deficiency anemia comprising the largest number of people affected. Iron deficiency anemia affects approximately 1 billion people resulting in about 215,000 deaths per year. Thus a large market is readily comprehendible.
Product development in form of development of biologics is charging the growth of sales. Amgen's Aranesp, Epogen and Genentech's Rituxan which are re-engineered form of erythropoietin is the fastest growing segment of the anemia drugs market. Thus older drugs are giving way to reengineered and advanced products.
The critical market constraints are poor absorption of drugs especially intravenous iron, side effects associated with the treatment such as nausea and others. Improving nutrition due to rising per capita income and growing awareness is another market restraint for anemic drugs.
What makes our report unique?
1) An extensive research study on the Global Anemia Drugs market, and its entire ecosystem, describes the market trends, drivers, restraints and opportunities of the Anemia Drugs market.
2) We provide you the longest possible market segmentation based on type of products, procedures and geography and describe the market share region wise.
3) The report gives a bird eyes view on the competitive landscape which includes mergers and acquisitions, collaborations, market strategies, and new product launches.
To generate an accurate assessment of the market the global anemia drugs market has been segmented on the basis of anemia type, route of administration, gender, product type and end users.
Anemia type - iron deficiency anemia, sickle cell anemia, aplastic anemia, hemolytic anemia pernicious anemia and others.
Route of administration - oral and injectable.
Gender - male and female.
Product type - biologics and non-biologics.
End users - hospitals, self-administered and others.
Regions – America, Europe, Asia pacific and Middle East and Africa
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