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Iron Deficiency Anemia Therapy Market Trends

  • Report ID: GMI10321
  • Published Date: Jul 2024
  • Report Format: PDF

Iron Deficiency Anemia Therapy Market Trends

Iron deficiency anemia remains a prevalent and significant health concern worldwide, affecting millions of individuals, including children, pregnant women, and women of reproductive age. There have been considerable advancements in the treatment options available, aimed at improving efficacy, minimizing side effects, and enhancing patient adherence. These innovations offer better management and outcomes for those affected by iron deficiency anemia, addressing the diverse needs of this widespread condition.
 

  • Newer oral iron supplements, such as heme iron polypeptides and ferric maltol, are designed to enhance absorption and reduce gastrointestinal side effects compared to traditional iron salts. These formulations improve iron uptake and minimize side effects by releasing iron gradually in the intestine, leading to better absorption and increased patient comfort.
     
  • Innovations such as ferric carboxymaltose, iron isomaltoside, and ferumoxytol provide higher doses of iron in a single infusion, reducing the frequency of treatments and improving patient compliance. Advanced formulations have also been developed to minimize the risk of allergic reactions and other side effects, making IV iron therapy safer for a broader range of patients.
     
  • Point-of-care testing, which is estimated to reach USD 78.3 billion by 2032, and non-invasive technologies such as transcutaneous bilirubin meters and hematocrit measurement devices are pivotal in improving the identification and management of iron deficiency anemia (IDA). These innovations enable timely assessment of hemoglobin levels and iron status, enhancing diagnostic accuracy and patient care efficiency in clinical settings, thereby contributing to market growth.
Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Iron deficiency anemia therapy market size was USD 4.3 billion in 2023 and will grow at 6.5% CAGR between 2024 and 2032, propelled by the increasing awareness about the condition, and the growing elderly population prone to anemia.

The inflammatory bowel disease segment garnered USD 974.1 million in 2023, attributed to the development of targeted therapies and advanced diagnostic methods.

North America iron deficiency anemia therapy industry size will reach USD 2.8 billion by 2032, owing to the region's advanced healthcare infrastructure, high prevalence of anemia, and significant investment in R&D.

Some of the key iron deficiency anemia therapy industry players include Abbott Laboratories, AbbVie Inc., Akebia Therapeutics, Inc., Bayer AG, Covis Pharma GmbH, CSL Limited, GSK plc, Johnson & Johnson, Novartis AG, PHARMACOSMOS A/S, Pfizer Inc., Sanofi, SK Capital Partners, and Zydus Lifesciences Limited, among others.

Iron Deficiency Anemia Therapy Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 16
  • Tables & Figures: 282
  • Countries covered: 23
  • Pages: 210
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