Absolute Market Insights recent analysis of the Intravenous Iron Drugs Market finds that the increasing demand from the prevalence of target diseases is expected to witness maximum growth in the Intravenous Iron Drugs during the forecast period. The global Market revenue stood at a value USD 2.2 Bn in the year 2021.
Market Synopsis
Intravenous iron drugs are infused externally within the body with the help of needles to the patients who are unable to consume iron via oral drugs. These drugs are prescribed by doctors to anemic people or the ones who are deficient of iron.
Intravenous Iron Drugs on the basis of different parameters, such as forward/backward integration, economies of scale, the share of various distribution channels, various factors affecting consumer behaviour such as brand loyalty, price, and product availability among others, capital investments, regulatory landscape, production rights and patents, promotional strategies, and other customer preferences. This data is likely to help the industry stakeholders and stimulate the decision-making process.
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Key Insights & Findings from the Report:
- According to our primary respondents’ research, the Intravenous Iron Drugs Market is predicted to grow at a CAGR of roughly 8.50% during the forecast period.
- The Intravenous Iron Drugs Market was estimated to be worth roughly 2.2 Bn in 2021 and is expected to reach USD 4.02 Bn by 2028; based on primary research.
- On the basis of region, Intravenous Iron Drugs Market is projected to dominate worldwide.
Market Dynamics:
Industry Analysis:
The report covers exhaustive analysis on the global Intravenous Iron Drugs Market. Industry, which includes market trends, drivers, restraints, opportunities, segmental analysis, regional trends, and competitive landscape among others. It includes an extensive competitive landscape covering key players in the industry and their comparative study on the basis of different parameters such as company overview, product portfolio, market revenue, business, and marketing strategies. Moreover, the report covers a thorough analysis drivers, restraints, and opportunities considering regional growth factors, technological advancements, and availability of substitute, regulatory norms, and such other growth impacting factors.
Drivers:
The rising prevalence of target diseases such as rheumatoid arthritis, autoimmune diseases, renal diseases, cancer, liver disorders, thyroid diseases, and inflammatory bowel diseases, amongst others, is driving the intravenous iron drugs market demand..The rising frequency of iron deficiency, the rising number of chronic renal disease patients requiring dialysis, and the rising number of diabetics are all driving the intravenous iron drugs market forward. An increase in the prevalence of iron deficiency anaemia in gynaecology, oncology, and gastroenterology, as well as noncompliance with oral treatment and the availability of accurate, quick, and approachable IV iron doses in these domains, are driving the demand for intravenous iron therapies.
Restraint:
Factors such as adverse reactions associated with intravenous iron drugs like muscle cramps, diarrhea, pain in arms and legs, hypersensitivity reactions are expected to hinder the market growth.
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COVID-19 Impact Analysis:
The COVID-19 outbreak has affected various industries worldwide. Governments worldwide implemented strict lockdown measures and social distancing norms to restrict the swift spread of the pandemic. Manufacturing facilities worldwide were shut down during the initial stages of the pandemic. Moreover, the economic crisis after the pervasive might lead to a significant delay in the commercial roll-out of the packaging industry. Small and medium-scale companies are the backbone of technology providers and are witnessing a steep drop in revenue since the emergence of the pandemic in 2020. Hence, market players faced numerous challenges as disruptions in the supply chain were observed. However, things will improve in the second half of 2022 as more supplies will come online. The impact of COVID-19 on the market demand is considered while estimating the current and forecast market size and growth trends of the market for all the regions and countries based on the following data points:
- Quarterly Market Revenue Forecast by Asia Pacific 2020 & 2021
- Key Strategies Undertaken by Companies to Tackle COVID-19
- Long Term Dynamics
- Short Term Dynamics
- Impact Assessment of COVID-19 Pandemic
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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The Report on Intravenous Iron Drugs Market Highlights:
- Assessment of the market
- Premium Insights
- Competitive Landscape
- COVID Impact Analysis
- Historical Data, Estimates, and Forecast
- Company Profiles
- Global and Regional Dynamics
Regional Analysis:
North America is predicted to dominate the intravenous iron drugs market in 2021, accounting for 39.9% of total market revenue. This is due to increased approvals and the introduction of new intravenous pharmaceuticals in the United States. The higher prevalence of cancer, chronic kidney illness, and gastrointestinal ailments in the population is another factor contributing to the region’s dominance. Over the anticipated time period, the market in Asia Pacific is expected to develop at the fastest rate. This is due to significant firms’ geographic expansion into Asia Pacific countries, as well as the region’s growing healthcare infrastructure and government efforts.
List of Prominent Players in Intravenous Iron Drugs:
- AbbVie
- Actavis Inc.
- AMAG Pharmaceuticals
- American Regent
- Daiichi Sankyo Vietnam Company Limited
- Fresenius Medical Care AG & Co. KGaA
- Galenica Ltd.
- Luitpold Pharmaceuticals
- Pharmacosmos A/S
- Rockwell Medical Technologies
- Sanofi
- Vifor Pharma Ltd.
- Other Market Participants
Key questions answered in the report:
- Which regional market will show the highest and rapid growth?
- Which are the top five players of the Intravenous Iron Drugs?
- How will the Intravenous Iron Drugs change in the upcoming six years?
- Which application and product will take a lion’s share of the Intravenous Iron Drugs?
- What is the Intravenous Iron Drugs drivers and restrictions?
- What will be the CAGR and size of the Intravenous Iron Drugs throughout the forecast period?
This market titled Intravenous Iron Drugs will cover exclusive information in terms of Regional Analysis, Forecast, and Quantitative Data – Units, Key Market Trends, and various others as mentioned below:
Market Size Provided for Years – 2016-2028
Base Year – 2021
Historic Years – 2016-2020
Forecast Years – 2022-2028
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Segments Covered
- Product
- Iron Dextran,
- Iron Sucrose,
- Ferric Carboxymaltose,
- Others
- Application
- Chronic Kidney Disease,
- Inflammatory Bowel Disease,
- Cancer,
- Others
Region & Counties Covered
- North America
- The U.S.
- Canada
- Mexico
- Europe
- France
- The UK
- Spain
- Germany
- Italy
- Nordic Countries
- Denmark
- Finland
- Iceland
- Sweden
- Norway
- Benelux union
- Belgium
- The Netherlands
- Luxembourg
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Report Coverage
- Market growth drivers
- restraints, opportunities
- Porter’s five forces analysis
- PEST analysis
- Value chain analysis
- Regulatory landscape
- Technology landscape
- Patent analysis
- Market attractiveness analysis by segments and Regional
- Company market share analysis
- COVID-19 impact analysis
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