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According to the latest report published by Credence Research, Inc.Anemia Treatment Drugs Market Growth, Future Prospects, and Competitive Analysis, 2018-2026,the global Anemia Treatment Drugs market was valued at USD 23,155.8 million in 2017 and is expected to grow at CAGR by 16.4 percent in the 2018 to 2026 forecast period.
Market Insights
According to the American Society of Hematology, anemia is the most common hematological disorder, affecting more than 3 million Americans every year. The global scenario is more serious because the World Health Organization states that around 1.62 billion people worldwide are affected by anemia, which is equal to 22.5 percent of the global population. In addition to the highest prevalence of anemia in pre-school children, men have the lowest prevalence. In addition, the highest number of individuals affected by pre-school anemia are non-pregnant women, which is approximately 31.2% of the total anemic population. Treatment depends specifically on the type of anemia and other complications associated with it. Currently, anemia is specifically targeted at supplements and chronic conditions are directly treated with blood transfusion, stem cell transplantation or bone marrow transplantation.
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The major types of anemia that are treated with drugs include irondeficiency anemia, thalassemia, aplastic anemia, hemolytic anemia, sickle cellanemia, and pernicious anemia. In 2017, iron deficiency anemia and sickle cellanemia together dominated the market, accounting for almost 60% of the marketshare. The key factors responsible for the growth of these two types of anemiaare the highest prevalence of sickle cell anemia and aplastic anemia, and theavailable drug treatment costs more than other types. These two types of anemiaare expected to remain dominant throughout the forecast period due to theexpected market entry of more than 10 molecules during the forecast period from2018 to 2026.
The anemia drug market includes drugs such as vitamins & iron supplements, antibiotics, immunosuppressants, bone marrow stimulants, corticosteroids, gene therapy & iron chelating agents. In 2017, immunosuppressive and corticosteroids accounted for a combined market share of 58 percent due to key market driving factors such as increasing anemia prevalence, increasing anemia-related awareness at the initiative of government and non-government organizations, and continuing advances in the research and development of the anemia treatment industry. The anemia drug line is very strong and several prominent players are present along with their promising molecules. The most efficient molecules in the drug pipeline are FG-4592/roxadustat (FibroGen), Daprodustat / GSK1278863 (GlaxoSmithKline), Molidustat / BAY85-3934 (Bayer), Rivipansel (Pfizer), Luspatercept (Celgene), OMS721 (Omeros Corporation) and LentiGlobin BB305 (bluebird bio). As a result, a strong drug pipeline is expected to drive the overall market for anemia treatment drugs significantly throughout the forecast period.
Market CompetitionAssessment:
The anemia treatment drug market is expected to grow significantly in the near future and there are several companies operating in this market and expected to enter the market. The overall competitive scenario is expected to observe a paradigm shift towards gene therapy & monoclonal antibody therapies.
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Key Market Movements:
List of CompaniesCovered:
Market Segmentation:
By Anemia Type Segment
Iron deficiency anemia
Thalassemia
Aplastic anemia
Hemolytic anemia
Sickle cell anemia
Pernicious anemia
By Drug Type Segment
Supplements
Antibiotics
Immunosuppressant
Bone Marrow Stimulants
Corticosteroids
Gene Therapy
Iron Chelating Agents
By Geography SegmentType
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Anemia Treatment Drugs Market (16.4% CAGR) 2018 to 2026: Global Industry Size, Share, Growth, Trends, and Forecast - Mobile Computing Today
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