Anemia Drugs Market Size Insights
The Global Anemia Drugs Market size was valued at around USD 14.62 billion in 2024 and is projected to reach USD 21.73 billion by 2030. Along with this, the market is estimated to grow at a CAGR of around 6.83% during the forecast period, i.e., 2025-30. The main reason behind this growth is the rising anemia affliction and awareness, along with the aging of the population globally. Other factors include poor diet, genetics, underlying illnesses, non-adherence in patients, as well as limited access to healthcare in major regions of the world, such as in Africa and South Asia.
What are the Challenge in the Anemia Drugs Market??
Underdiagnoses and poor Patient Compliance – A major challenge hindering the growth of the Global Anemia Drugs Market is the high rate of underdiagnosis combined with a widespread reliance on low-cost over-the-counter (OTC) supplements. Many individuals who suffer from symptoms like fatigue and weakness often treat themselves with basic, inexpensive iron pills without seeking a proper medical diagnosis to determine what underlying cause and severity of anemia they have. For instance, while a bottle of generic OTC iron supplement may cost less than USD20, it often leads to poor compliance in patients because of its gastrointestinal side effects and may be insufficient or even inappropriate for moderate to severe cases or for anemia not caused by iron deficiency. This delays the patient's journey toward receiving effective, clinically proven treatments, thereby creating a barrier for the prescription drug market as a large portion of the potential patient base never receives a formal diagnosis or prescription for more effective drugs, such as advanced intravenous (IV) iron or novel oral formulations.
What are the Key Segments in the Anemia Drugs Market?
The Anemia Drugs is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Anemia Type
- Iron Deficiency Anemia
- Pernicious Anemia
- Aplastic Anemia
- Hemolytic Anemia
- Sickle Cell Anemia
- Thalassemia
- Others
Iron-deficiency anemia (IDA) holds the largest market share, around 45% as it is the most common anemia type and a widespread nutritional deficiency.
By Route of Administration
- Oral
- Injectable
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By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Others
How does geographical analysis highlight in the Anemia Drugs market?
By Region
- North America
- South America
- Europe
- The Middle East Africa
- Asia-Pacific
North America has the largest share in the Global Anemia Drugs Market, particularly in iron deficiency therapies alone.
Who are the Key Players in Anemia Drugs Market?
- Amgen Inc.
- Pfizer Inc.
- GlaxoSmithKline plc
- Biocon Ltd.
- Bluebird bio, Inc.
- Eli Lilly and Company
- Johnson Johnson Services, Inc.
- Bayer AG
- GlycoMimetics, Inc.
- Regen Biopharma Inc.
- Acceleron Pharma
- F. Hoffmann-La Roche Ltd.
- Novartis AG
- Zydus Lifesciences Ltd.
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Anemia Drugs Market News
- September 2024: Pfizer Inc.announced that it voluntarily withdrew all lots of OXBRYTA ® (voxelotor), which is used for the treatment of sickle cell disease (SCD), in all the markets where it was approved. It also discontinued all active voxelotor clinical trials as well as the expanded access programs worldwide. This decision by Pfizer Inc. was taken because they had researched the clinical data, which indicated that the overall benefit of OXBRYTA no longer outweighed the risk in the approved sickle cell patient population.
- April 2024: Zydus Lifesciencesannounced that China’s National Medical Products Administration of China (NMPA) accepted the New Drug Application (NDA) for Desidustat tablets. The Phase III trial of the drug in China showed positive results.
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