Anemia Treatment Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | 7.30 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Anemia Treatment Market Analysis
Over the next few years, the anemia treatment market is expected to register a CAGR of 7.3%.
COVID-19 had an impact on the market's demand-supply balance as well as labor, raw material, and container shortages in addition to its health effects. The supply chain crisis impacted the healthcare industry, including the market for anemia treatment globally, due to inflation and constraints in the supply chain. However, in post-COVID-19 infection patients, the prevalence of anemia is estimated to be high. For instance, the study by Georgia State University in August 2022 evaluated the prevalence of anemia and reported that individuals diagnosed with diabetes, cancer, and anemia pre-COVID are at increased risk of post-COVID anemia. Additionally, the likelihood of post-COVID anemia was significantly higher in people who identified as black or African American, particularly in the outpatient (non-severe COVID-19) population. As a result, with a high prevalence of anemia following COVID-19 infection, there was expected to be a high demand for anemia treatment, which is expected to have a significant impact on the market over the forecast period.
The anemia treatment market is expected to witness robust growth over the forecast period, which is majorly attributed to the increasing cases of anemia across the globe, increasing pipelines for anemia drugs, and an increasing number of women of reproductive age. As per the National Family Health Survey, India, published in February 2022, the prevalence of anemia among six groups in 2021 was 25.0% in men (15-49 years) and 57.0% in women (15-49 years), 31.1% in adolescent boys (15-19 years), 59.1% in adolescent girls, 52.2% in pregnant women (15-49 years), and 67.1% in children (6-59 months). Hence, the survey revealed a high burden of anemia, which is expected to raise the demand for anemia treatment and drive the growth of the market over the study period.
Furthermore, studies for the effective treatment of anemia are still going on and are expected to get more approvals in the market and help the market grow. For instance, as per the JASN phase-3 study report in April 2022, Roxadustat effectively increased hemoglobin in patients with dialysis-dependent chronic kidney disease, with an adverse event profile comparable to that of epoetin alfa. Thus, the new studies reveal the efficacy and safety profile of various products used for anemia treatment and help the market grow over the forecast period. However, the lack of treatment awareness in developing regions, as well as the high cost of drugs, are expected to stifle the growth of the anemia treatment market.
Anemia Treatment Market Trends
This section covers the major market trends shaping the Anemia Treatment Market according to our research experts:
Iron Deficiency Anemia to Witness Healthy Growth Over the Forecast Period
Iron deficiency anemia is the most common type of anemia in which the blood does not have an adequate amount of red blood cells that carry oxygen to the body's tissues. As per the National Institute of Health, iron deficiency anemia is one of the main nutritional deficiency disorders affecting large fractions of the population, particularly such physiological groups as children, menstruating women, and pregnant women. There are a few medical conditions that cause iron-deficiency anemia, including kidney disease and long-lasting conditions that lead to inflammation like congestive heart failure or obesity.
Globally, the increasing prevalence of chronic kidney disease (CKD), inflammatory bowel disease (IBD), and cancer has increased the need for iron medication treatment of subsequent iron deficiency anemia (IDA), which is expected to drive market growth.For instance, as per the report by Kidney International Supplements in April 2022, it is anticipated that chronic kidney disease will eventually affect a greater number of people and become more significant among all of the other global causes of mortality. Hence, the rise in CKD in the population increases the risk of iron-deficiency anemia, a common complication of CKD, and likely increases the demand for anemia treatment that drives the market over the forecast period.
Furthermore, the approval and launch of novel formulations and strategic initiatives undertaken by key players to improve access to intravenous iron drugs are further expected to support market growth. For instance, in July 2021, Sandoz launched the generic version of Ferumoxytol, an intravenous medication used to treat iron deficiency anemia (IDA) in the United States. This launch carries out the plan to increase the portfolio of hospitals and clinics and give patients access to low-cost generic medications, which will boost the market over the forecast period.
North America is Expected to Hold a Significant Share in the Market Over the Forecast Period
North America is expected to have a significant impact on the overall anemia treatment market, with the United States being the major contributor to the market. Anemia is one of the most common blood disorders in recent times. Some of the most common forms of anemia in North America are iron and vitamin deficiency, plastic, hemolytic, and sickle cell. According to the National Heart, Lung, and Blood Institute, the most prevalent blood condition is anemia, which affects more than 3 million Americans.
Similarly, the presence of a strong key market player with a strong pipeline aids in market growth in the region. For instance, Global Blood Therapeutics, update 2022, in the United States has a strong pipeline in the different phases of clinical trials for sickle cell disease, such as inclacumab (phase III/IV), GBT021601 (phase I/II), HbF inducers, antisickling agents, inflammation, oxidative stress reduction, etc. Furthermore, in July 2022, Health Canada accepted for review the New Drug Submission (NDS) for GSK's daprodustat, an oral hypoxia-inducible factor prolyl hydroxylase inhibitor (HIF-PHI) for the potential treatment of patients with anemia of chronic kidney disease (CKD). Thus, the new product trials, approvals, and launches provide more efficient drugs with various applications in anemia that drive the market over the forecast period.
Furthermore, as the number of children born with sickle cell anemia rises in the United States, so will the demand for anemia treatment. According to a report by the NIH published in the August 2022 issue of the NCBI, sickle cell disease (SCD) is a multisystem disorder and the most common genetic disease in the United States, affecting 1 in 500 African Americans. Also, about 1 in 12 African Americans carries the autosomal recessive mutation, and approximately 300,000 infants are born with sickle cell anemia annually. Thus, the aforementioned factors together are expected to increase the demand for anemia treatment and favor the growth of the studied market in the region.
Anemia Treatment Industry Overview
With several companies present, the market for anemia treatment is competitive. Companies are focusing on developing drugs or therapies to treat anemia. Entry into this market is difficult as the company has to go through stringent regulations. The key players operating in this market are Akebia Therapeutics, Inc.; Bluebird Bio, Inc.; GSK plc; Pieris Pharmaceuticals, Inc.; Sanofi; Takeda Pharmaceutical Company Limited; AbbVie, Inc. (Allergan Plc); Pharmacosmos A/S; Pfizer, Inc. (Global Blood Therapeutics, Inc.); and Covis Pharma GmbH (AMAG Pharmaceuticals, Inc.).
Anemia Treatment Market Leaders
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Sanofi
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AbbVie Inc. (Allergan Plc)
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Pharmacosmos A/S
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Covis Pharma GmbH (AMAG Pharmaceuticals, Inc.)
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Pfizer Inc. (Global Blood Therapeutics, Inc.)
*Disclaimer: Major Players sorted in no particular order
Anemia Treatment Market News
- November 2022: Sanofi received approval from the European Commission (EC) for Enjaymo (sutimlimab) for the treatment of hemolytic anemia in adult patients with cold agglutinin disease (CAD), a rare, serious, and chronic autoimmune hemolytic anemia, where the body's immune system mistakenly attacks healthy red blood cells and causes their rupture, known as hemolysis.
- November 2022: CSL Vifor and Fresenius Kabi received approval from China's National NMPA for its Ferinject (ferric carboxymaltose), a preparation for intravenous iron therapy for the treatment of iron deficiency in adult patients for whom oral iron preparations are ineffective, oral iron preparations cannot be used or for whom there is a clinical need to deliver iron rapidly.
Anemia Treatment Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Cases of Anemia Across the Globe
4.2.2 Increasing Number of Women With Reproductive Age
4.3 Market Restraints
4.3.1 Lack of Awareness About the Treatment in Developing Regions
4.3.2 High Cost of Drugs
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD million)
5.1 By Type of Disease
5.1.1 Iron Deficiency Anemia
5.1.2 CKD (Chronic Kidney Disease) Anemia
5.1.3 Sickle Cell Anemia
5.1.4 Aplastic Anemia
5.1.5 Other Diseases
5.2 Geography
5.2.1 North America
5.2.1.1 United States
5.2.1.2 Canada
5.2.1.3 Mexico
5.2.2 Europe
5.2.2.1 Germany
5.2.2.2 United Kingdom
5.2.2.3 France
5.2.2.4 Italy
5.2.2.5 Spain
5.2.2.6 Rest of Europe
5.2.3 Asia-Pacific
5.2.3.1 China
5.2.3.2 Japan
5.2.3.3 India
5.2.3.4 Australia
5.2.3.5 South Korea
5.2.3.6 Rest of Asia-Pacific
5.2.4 Middle East and Africa
5.2.4.1 GCC
5.2.4.2 South Africa
5.2.4.3 Rest of Middle East and Africa
5.2.5 South America
5.2.5.1 Brazil
5.2.5.2 Argentina
5.2.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Akebia Therapeutics, Inc.
6.1.2 Bluebird Bio, Inc.
6.1.3 GSK plc
6.1.4 Pfizer Inc. (Global Blood Therapeutics, Inc.)
6.1.5 Pieris Pharmaceuticals, Inc.
6.1.6 Sanofi
6.1.7 Takeda Pharmaceutical Company Limited
6.1.8 AbbVie Inc. (Allergan Plc)
6.1.9 Pharmacosmos A/S
6.1.10 Covis Pharma GmbH (AMAG Pharmaceuticals, Inc.)
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Anemia Treatment Industry Segmentation
As per the scope of the report, anemia is a condition that occurs when the quantity of red blood cells (RBCs) or hemoglobin concentration within them is lower than usual. Hemoglobin is required to transport oxygen, and if the patient has too few or malformed RBCs or not enough hemoglobin, the blood's capacity to transport oxygen to the body's tissues will be reduced. The anemia treatment market is segmented by disease type (iron deficiency anemia, chronic kidney disease anemia, sickle cell anemia, aplastic anemia, and others) and geography (North America, Europe, Asia-Pacific, the Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.
| By Type of Disease | |
| Iron Deficiency Anemia | |
| CKD (Chronic Kidney Disease) Anemia | |
| Sickle Cell Anemia | |
| Aplastic Anemia | |
| Other Diseases |
| Geography | ||||||||
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Anemia Treatment Market Research FAQs
What is the current Anemia Treatment Market size?
The Anemia Treatment Market is projected to register a CAGR of 7.30% during the forecast period (2024-2029)
Who are the key players in Anemia Treatment Market?
Sanofi, AbbVie Inc. (Allergan Plc), Pharmacosmos A/S, Covis Pharma GmbH (AMAG Pharmaceuticals, Inc.) and Pfizer Inc. (Global Blood Therapeutics, Inc.) are the major companies operating in the Anemia Treatment Market.
Which is the fastest growing region in Anemia Treatment Market?
Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Anemia Treatment Market?
In 2024, the North America accounts for the largest market share in Anemia Treatment Market.
What years does this Anemia Treatment Market cover?
The report covers the Anemia Treatment Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Anemia Treatment Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
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