The global anemia treatment market is on a steady growth path, with sales expected to exceed USD 10.0 billion in 2022. Bolstered by a compound annual growth rate (CAGR) of 6.9%, the market is forecasted to achieve a valuation of USD 14.9 billion by 2028.
Anemia, a condition characterized by a lack of healthy red blood cells or hemoglobin, continues to be a significant global health concern. The rising prevalence of anemia, driven by factors such as malnutrition, chronic diseases, and aging populations, is propelling the demand for effective treatment solutions.
Key Market Drivers:
- Increased awareness and screening for anemia in both developed and developing regions.
- Advancements in treatment options, including targeted therapies and new-generation biologics.
- Expanding access to healthcare services, particularly in emerging economies.
Competition Landscape
Leading players operating in the global anemia treatment market are focusing on adopting various marketing strategies to expand their geographical presence and product portfolios. Some of the other key players are striving to join hands with international and local retailers to distribute their in-house acute anemia treatment medications. Meanwhile, a few renowned companies are aiming to develop innovative drugs and gain approval from regulatory bodies for marketing. For instance:
- In February 2022, the USA Food and Drug Administration (FDA) approved Pyrukynd (mitapivat) tablets for the treatment of hemolytic anemia in adult patients living with Pyruvate Kinase (PK) deficiency. The drug’s effectiveness was evaluated by conducting two studies. In the single-arm study, its effectiveness was examined based on the reduction in transfusion burden, whereas in the randomized study, it was based on the hemoglobin response.
- In February 2022, the European Commission approved Global Blood Therapeutics, Inc.’s Oxbryta (voxelotor) to treat hemolytic anemia in patients suffering from sickle cell disease between the age group of 12 years and above. It is the first medicine that was approved in Europe for destroying red blood cells and directly inhibiting the molecular basis of sickling.
Key Companies Profiled
Amgen Inc.; Hoffmann-La Roche Ltd.; Novartis AG; Pfizer Inc.; Janssen Pharmaceuticals, Inc.; Teva Pharmaceutical Industries Ltd.; AMAG Pharmaceuticals; Rockwell Medical; Akebia Therapeutics; Vifor Pharma Management Ltd.
A Comprehensive Full Report
Anemia Treatment Market by Category
By Treatment:
- Medications
- Dietary Supplements
By Disease:
- Normocytic anemia
- Microcytic anemia
- Macrocytic anemia
By Distribution Channel:
- Institutional Pharmacies
- Retail Pharmacies
- Mail Order Pharmacies
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
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