New York, NY, Sept. 10, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Anemia Treatment Market By Anemia (Iron Deficiency, Sickle Cell, Pernicious, Thalassemia, and Hemolytic), By Drug (Bone Marrow Stimulants, Gene Therapy, Iron Chelating Agents, Corticosteroids, Supplements, and Immunotherapy), and By Distribution Channel (Retail Pharmacies, E-Commerce, and Hospital Pharmacies): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global anemia treatment market was USD 24,673 million in 2018 and is expected to generate around USD 40,915 million by 2025, growing at a CAGR of around 7.5% between 2019 and 2025.
Anemia is caused by the lack of red blood cells or hemoglobin in the human body. Red blood cells are responsible for carrying oxygen from the lungs to the rest of the body. Anemia symptoms include weakness, feeling tired, shortness of breath, and restrictions in physical activities, which may vary according to age, altitude, smoking habits, sex, and pregnancy status. Anemia, if left untreated, may even cause death.
Browse through 54 Tables & 30 Figures spread over 110 Pages and in-depth TOC on “Global Anemia Treatment Market: By Type, Size, Share, Industry Trends, Segments, Analysis and Forecast, 2018–2025”.
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According to the WHO, in 2018, about 56% of people globally were affected by anemia. Anemia can be effectively treated with a proper treatment method. The high rate of nutritional deficiency is among the most important driving factors of the anemia treatment market. According to the WHO, 50% of anemic cases are caused by iron deficiency due to low iron intake. Growing baby booming population and increasing chronic diseases and disorders are fuelling the anemia treatment market. Improper nutritional diet in underdeveloped countries also contributes to this market.
The anemia treatment market is fragmented on the basis of anemia, drug, and distribution channel. By anemia, the anemia treatment market includes iron deficiency, sickle cell, pernicious, thalassemia, and hemolytic. The iron deficiency accounted for the largest share in the anemia treatment market globally. Sickle cell anemia held the second position in terms of market share globally. The main variables responsible for these segments’ growth are high expansion rate and accessible drug therapy expenses more than other types.
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By drug, the market is divided into corticosteroids, gene therapy, bone marrow stimulants, iron chelating agents, immunotherapy, and supplements. In 2018, corticosteroids and immunosuppressant accounted for the largest shares of more than 50% globally. The increasing anemia awareness and the rising initiatives by non-government organizations and government, rising anemia prevalence, and advancements in the research activities of the anemia treatment industry are driving these segments.
On the basis of the distribution channel, the anemia treatment market comprises e-commerce, hospital pharmacies, and retail pharmacies. The retail pharmacy accounted for a major share of the global market. In terms of growth rate, e-commerce segment is expected to register the highest CAGR globally.
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North America is projected to dominate the anemia treatment market globally, owing to the early introduction of highly developed treatment options, increasing nutritional deficiency due to changing lifestyle, and constant introduction of favorable reimbursement policies. According to the American family physicians, about 2% of adult men and around 9 to 12% of women have iron deficiency.
The Asia Pacific anemia treatment market is anticipated to show a notable growth rate over the forecast time period. This can be attributed to the highest anemic patient population, increasing awareness regarding diagnosis and treatment, various government initiatives about anemia, and continuous research and development in this region. According to the SCDC, in 2016, India created a world record for screening about 7.5 million people for SCD in a single day with the help of awareness campaigns conducted by government and non-government organizations.
Browse the full “Anemia Treatment Market By Anemia (Iron Deficiency, Sickle Cell, Pernicious, Thalassemia, and Hemolytic), By Drug (Bone Marrow Stimulants, Gene Therapy, Iron Chelating Agents, Corticosteroids, Supplements, and Immunotherapy), and By Distribution Channel (Retail Pharmacies, E-Commerce, and Hospital Pharmacies): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/anemia-treatment-market
Europe is likely to dominate the anemia treatment market, especially Western Europe. This can be attributed to the increasing disposable income of people, changing lifestyle patterns, improving technologies, and lack of iron intake and nutritional supply. Various countries like the U.K, France, and Germany have huge potential and established several companies aiding research and development. Increasing per capita income is also supporting this market. Germany and France along with Italy will be dominating the European anemic treatment market, owing to the rising advanced technology and improving distribution channels.
The Middle East and Africa and Latin America are forecasted to show steady market growth, owing to the consistently developing healthcare infrastructure, increasing technological advancements, growing investments by the government for anemia treatment, and rising number of regional establishments of anemia treatment centers and clinics.
Some key players of global anemia treatment market are Pfizer, Johnson and Johnson, Novartis, Roche, Amgen, Bayer, GlaxoSmithKline, Teva Pharmaceuticals, Novo Nordisk, CSL, AMAG Pharmaceuticals, Rockwell Medicines, Akebia Therapeutics, and Vifor Pharma.
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This report segments the global anemia treatment market into:
Global Anemia Treatment Market: Anemia Analysis
- Iron Deficiency Anemia
- Hemolytic Anemia
- Sickle Cell Anemia
- Pernicious Anemia
- Thalassemia Anemia
Global Anemia Treatment Market: Drug Analysis
- Bone Marrow Stimulants
- Gene Therapy
- Iron Chelating Agents
- Corticosteroids
- Supplements
- Immunotherapy
Global Anemia Treatment Market: Distribution Channel Analysis
- Retail Pharmacies
- Hospital Pharmacies
- E-Commerce
Global Anemia Treatment Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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