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Intravenous Iron Drugs Market Trends

  • Report ID: GMI10898
  • Published Date: Aug 2024
  • Report Format: PDF

Intravenous Iron Drugs Market Trends

Advancements in intravenous (IV) iron drug formulations have significantly transformed the landscape of iron deficiency treatment. Recent innovations focus on enhancing the safety, efficacy, and convenience of these therapies.
 

  • Modern formulations, such as ferric carboxymaltose and ferric derisomaltose, are designed to allow for less frequent dosing compared to conventional IV iron products. These newer formulations have a longer half-life, meaning they remain in the body longer and maintain higher levels of iron in the bloodstream, reducing the need for repeated infusions.
     
  • For instance, a study published in The New England Journal of Medicine in 2023 demonstrated that ferric carboxymaltose therapy effectively alleviates symptoms and enhances the quality of life for patients with heart failure and iron deficiency. This finding underscores ferric carboxymaltose's value in addressing iron deficiency within this patient population, potentially driving its adoption and market growth.
     
  • New formulations also focus on minimizing adverse reactions, including allergies and anaphylaxis. Recent IV iron products are engineered to lower the chances of hypersensitivity reactions, thereby enhancing overall safety.
     
  • Furthermore, innovations in novel drug delivery systems, such as nanoparticle-based formulations and liposome-encapsulated iron, are advancing intravenous iron therapies by improving stability, targeting, and controlled release. These technologies enhance bioavailability, extend infusion intervals, and minimize side effects, driving significant growth in the market.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Intravenous iron drugs industry was valued at USD 1.7 billion in 2023 and is estimated to grow at 6.7% CAGR from 2024 to 2032 due to strong usage to treat or prevent iron deficiency anemia

The chronic kidney disease application segment accounted for USD 1 billion in 2023 as they provide a more direct and efficient way to replenish iron levels.

U.S intravenous iron drugs industry is projected to reach USD 1 billion by 2032 owing to well-developed healthcare infrastructure, including state-of-the-art hospitals and specialized clinics

AbbVie Inc., AdvaCare Pharma, Akebia Therapeutics, Inc., Bayer AG, Covis Pharma GmbH, CSL Limited, F. Hoffmann-La Roche Ltd., Fresenius SE & Co. KGaA, Novartis AG, PHARMACOSMOS A/S, Rockwell Medical, Inc., Sanofi, and Zydus Lifesciences Limited

Intravenous Iron Drugs Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 219
  • Countries covered: 23
  • Pages: 132
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