Anemia Treatment Market Size (2024 - 2029)

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 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.