The Global Intravenous Iron Drugs Market Report is a compilation of comprehensive research studies of various aspects of the Intravenous Iron Drugs Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Intravenous Iron Drugs market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Intravenous Iron Drugs market and how they will evolve in the years to come.
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The global intravenous iron drugs market was worth USD 2.2 billion in 2020, and between 2022 to 2030, it is predicted to grow at an annual pace of 9.2 percent. Key Players: AbbVie Inc., Actavis Inc., AMAG Pharmaceuticals Inc., American Regent, Inc., Daiichi Sankyo Vietnam Company Limited, Fresenius Medical Care AG & Co. KGaA, Galenica Ltd., Luitpold Pharmaceuticals, Inc., Pharmacosmos A/S, Rockwell Medical Technologies Inc., Sanofi, Vifor Pharma Ltd. , and Other Market Participants
Iron is involved in neurotransmitter production, myoglobin formation, collagen growth, and immune system activity, in addition to heme synthesis and energy metabolism. Iron is a necessary element. Anaemia has become one of the most frequent blood illnesses in recent years due to an increase in its incidence. According to the National Heart, Lung, and Blood Institute, anaemia affects around 3 million people in the United States. 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 most prevalent causes of anaemia include iron and vitamin deficiencies, as well as plastic, hemolytic, and sickle cell anaemia. Iron, vitamin A, vitamin B12, and folate deficits are the most common causes of anaemia. Infectious disorders such as tuberculosis, parasitic infections, malaria, and HIV are the leading causes of anaemia in people all over the world.
Oral iron supplements are indicated to help counteract this problem and keep the body’s iron levels steady. Oral administrations, on the other hand, may not be helpful in sustaining iron levels in the body under certain conditions. When IV iron therapy is needed, a syringe is used to inject iron directly into the body through a vein. IV iron treatment is only used in very specific situations. 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.
In the near future, the intravenous iron drugs market is projected to be limited by a lengthy approval process, severe regulations, drug side effects, the availability of nutraceutical options to avoid iron deficiency, and product cost. Despite the detrimental impact of the COVID-19 outbreak on intravenous iron medication manufacturing and supply, the business has grown as a consequence of strong efforts by enterprises and the government to meet customer demand.
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Global Intravenous Iron Drugs Market:
By Product
- Iron Dextran
- Iron Sucrose
- Ferric Carboxymaltose
- Others
By Application
- Chronic Kidney Disease
- Inflammatory Bowel Disease
- Cancer
- Others
By Region
- North America
- US
- Canada
- Mexico
- Rest of North America
- 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
- New Zealand
- Australia
- South Korea
- Southeast Asia
- Indonesia
- Thailand
- Malaysia
- Singapore
- Rest of Southeast Asia
- Rest of Asia Pacific
- Middle East and Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Argentina
Rest of Latin America
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