Iron Deficiency Anemia Therapy Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Iron Deficiency Anemia Therapy Market is segmented by Therapy Type (Oral Iron Therapy, Parenteral Iron Therapy, Red Blood Cell Transfusion), End User (Hospitals, Clinics, and Home Healthcare), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report offers the value (in USD million) for the above segments.

Market Snapshot

Iron Deficiency Anemia Therapy Market Size
Study Period: 2019-2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7 %

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Market Overview

The Iron Deficiency Anemia Therapy market is expected to register a CAGR of nearly 7%, during the forecast period (2022 - 2027).

The COVID-19 pandemic had a significant impact on the healthcare systems, with significant consequences not only for COVID-19-infected patients but also for others, resulting in the cancellation of treatment and procedures to manage and reserve resources. For instance, according to an article published by the Nature Public Health Emergency Collection, in January 2021, titled "Anemia in Patients With COVID-19; Pathogenesis And Clinical Significance", a study conducted to investigate the prevalence, pathogenesis, and clinical significance of anemia among 206 patients with COVID-19 at the time of their hospitalization in an Internal Medicine unit, showed that the global prevalence of anemia was 61% and females were found to have low hemoglobin concentration as compared to males. Thus, the increased prevalence of iron deficiency anemia in females is expected to increase the demand for iron anemia therapy, which is expected to have a positive impact on the studied market during pandemics. Additionally, according to the study published by BMC Infectious Diseases in February 2021, titled "Anemia predicts poor outcomes of COVID-19 in hospitalized patients: a prospective study in Iran", it has been observed that patients with anemia were more likely to develop cancer, diabetes, renal disease, hypertension, and cardiovascular disease. In addition, as per the same source, anemia was prevalent in COVID-19 patients who were hospitalized and was associated with poor COVID-19 outcomes. Thus, the rising complication of anemia in COVID-19 patients is likely to increase the demand for iron treatment and therapies to treat the anemia condition in the patients, thereby expected to drive the growth of the market during the pandemic.

Certain factors that are propelling the market growth are the high prevalence of anemia and increasing research and development activities related to the product. The rising prevalence of iron deficiency anemia due to lack of sufficient iron quantities in food and excessive loss of red blood cells, especially in women and children can lead to developmental defects in fetal problems in pregnant women and growing children, respectively. For instance, according to the 2021 Global Nutrition Report, published in November 2021, it has been found that over half of Indian women aged between 15 – 49 years are anemic. In addition, as per the same source, about 53% of the women in India were found to be anemic in 2020. Thus, the increasing burden of iron deficiency anemia among the population requires effective treatment and therapies, which is expected to fuel the market growth over the forecast period. Additionally, according to an article published by the Mediterranean Journal of Hematology and Infectious Diseases, in July 2020, titled "Iron Deficiency Anemia in Children Residing in High and Low-Income Countries- Risk, factors, Prevention, Diagnosis and Therapy", it has been observed that the other nutritional deficiencies (vitamin B12, folic acid, riboflavin), chronic diseases, parasitic infections like malaria, hemoglobinopathies, and lead poisoning are the additional causes of anemia in the developing countries.

However, stringent regulatory guidelines and adverse effects of the drugs are expected to restrain the market growth.

Scope of the Report

As per the scope of the report, Iron Deficiency Anemia is caused due to the lack of iron, and it is one of the most common types of anemia that occurs when body does not have enough iron to make hemoglobin that transports oxygen via blood to the whole body. Iron deficiency anemia can also be caused by a poor diet or certain intestinal diseases that interfere with the body's ability to absorb iron. The Iron Deficiency Anemia Therapy Market is segmented by Therapy Type (Oral Iron Therapy, Parenteral Iron Therapy, Red Blood Cell Transfusion), End User (Hospitals, Clinics, and Home Healthcare), and Geography (North America, Europe, Asia-Pacific, 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 Therapy Type
Oral Iron Therapy
Parenteral Iron Therapy
Red Blood Cell Transfusion
By End User
Hospitals
Clinics
Home Healthcare
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East and Africa
GCC
South Africa
Rest of Middle East and Africa
South America
Brazil
Argentina
Rest of South America

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Key Market Trends

Oral Iron Therapy Segment is Expected to Hold Significant Market Share Over the Forecast Period

The Oral Iron Therapy segment is expected to witness significant growth in the studied market over the forecast period owing to the factors such as an increase in the patient population suffering from anemia and anemia-causing diseases.

In addition, the number of research that supports the use of oral iron therapy as an alternative to intravenous treatments in hospital settings is also expected to increase the adoption of oral iron therapy among the population, thereby boosting the segment growth. For instance, according to a study published by the IRESPUB Journal of Life Sciences, in January 2022, titled "Oral iron formulae for treatment of iron deficiency anemia: a comparative study", oral iron supplementation has been considered the primary solution for treating iron deficiency anemia in children that impact their growth and development. Similarly, according to an article published by the Oman Medical Journal, in September 2020, titled 'Iron Deficiency Anemia in Pregnancy: Novel Approaches to an Old Problem', it has been observed that oral iron administration represents the first line of treatment for mild iron deficiency anemia and iron deficiency without anemia during pregnancy. In addition, as per the same source, in pregnant women with iron deficiency anemia, the use of liposomal iron might be a promising method of oral iron therapy. This compound has a low frequency of side effects and high gastrointestinal absorption and bioavailability. This is expected to increase the demand for oral iron therapy which in turn is expected to boost the market growth.

Furthermore, the rising company activities for developing oral iron therapy products and supplements as well as increasing product launches are expected to fuel the market growth over the forecast period. For instance, in July 2021, Shield Therapeutics plc launched Accrufer for treating patients suffering from an iron deficiency with or without anemia, in the United States.

Therefore, the due to aforementioned factors the studied market is expected to increase over the forecast period.

Iron Deficiency Anemia Therapy Market : Revenue Share (%), by Therapy Type, Global 2019

North America Captured the Largest Market Share and is Expected to Retain its Dominance

North America is expected to dominate the iron deficiency anemia market over the forecast period owing to the factors such as the rising prevalence of iron deficiency anemia among the population, the presence of well-established healthcare infrastructure, and the presence of key market players in the region.

The increasing burden of iron deficiency anemia in pregnant women and children is the key factor driving the demand for the studied market over the forecast period. For instance, according to a study published by BMC Pregnancy and Childbirth, in April 2020, titled "The contribution of iron deficiency to the risk of peripartum transfusion: a retrospective case-control study", it has been observed that in Canada, 23% of pregnant women are anemic, with iron deficiency accounting for 85% of these cases. The rising number of anemia patients is expected to increase the demand for anemia therapy products because anemia during pregnancy has a significant negative impact on maternal health which can lead to significant development defects in the newborn. This is expected to drive market growth over the forecast period.

Moreover, the increasing product approvals related to iron deficiency anemia therapy as well as increasing company focus on developing effective therapy are all expected to drive the market growth in the region over the forecast period. For instance, in October 2021, BioSyent Inc. launched FeraMAX Pd Powder 15, a patented oral iron supplement delivery system, using Polydextrose-Iron Complex (PDIC), in Canada. Also, in November 2020, BioSyent Pharma Inc. launched FeraMAX Pd Therapeutic 150, using Polydextrose-Iron Complex (PDIC) in Canada.

Therefore, the due to aforementioned factors the studied market is expected to increase over the forecast period.

Iron Deficiency Anemia Therapy Market Growth

Competitive Landscape

The Iron Deficiency Anemia market is fragmented with the presence of key players in the market. The companies are taking initiatives to develop novel therapies in the studied market. Some of the key players in the market are AbbVie Inc., Pharmacosmos AS, AMAG Pharmaceuticals Inc., Sanofi SA, Pieris Pharmaceuticals Inc., and Akebia Therapeutics.

Recent Development

  • In March 2022, the Drug Controller General of India approved Zydus's New Drug Application (NDA) for Oxemia, an oral, small molecule hypoxia-inducible factor-prolyl hydroxylase (HIF-PH) inhibitor, for the treatment of anemia associated with chronic kidney disease (CKD), in India.
  • In April 2021, Rockwell Medical, Inc. reported that it has presented data from a clinical feasibility study reviewing the practice patterns of iron deficiency anemia (IDA) in home parenteral nutrition patients at the National Home Infusion Association’s (NHIA) 2021

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 High Prevalence of Anemia

      2. 4.2.2 Increasing Research and Development Activities Related to the Product

    3. 4.3 Market Restraints

      1. 4.3.1 Stringent Regulatory Guidelines

      2. 4.3.2 Adverse Effects

    4. 4.4 Porter's Five Force Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value – USD million)

    1. 5.1 By Therapy Type

      1. 5.1.1 Oral Iron Therapy

      2. 5.1.2 Parenteral Iron Therapy

      3. 5.1.3 Red Blood Cell Transfusion

    2. 5.2 By End User

      1. 5.2.1 Hospitals

      2. 5.2.2 Clinics

      3. 5.2.3 Home Healthcare

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Abbvie Inc.

      2. 6.1.2 Akebia Therapeutics Inc.

      3. 6.1.3 AMAG Pharmaceuticals Inc. (Covis Group S.r.l.)

      4. 6.1.4 Daiichi Sankyo Company

      5. 6.1.5 Pharmacosmos AS

      6. 6.1.6 Sanofi SA

      7. 6.1.7 Johnson and Johnson

      8. 6.1.8 Fresenius SE & Co. KGaA

      9. 6.1.9 ViforPharma Ltd.

      10. 6.1.10 Rockwell Medical, Inc.

      11. 6.1.11 Akorn Operating Company LLC

      12. 6.1.12 Shield Therapeutics

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

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Frequently Asked Questions

The Global Iron Deficiency Anemia Therapy Market market is studied from 2019 - 2027.

The Global Iron Deficiency Anemia Therapy Market is growing at a CAGR of 7% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

Pharmacosmos AS, AMAG Pharmaceuticals Inc., Sanofi SA, AbbVie Inc., Fresenius SE & Co. KGaA are the major companies operating in Global Iron Deficiency Anemia Therapy Market.

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