Feb 2, 2021   SOURCE: PR NewsWire

IV and Oral Iron Drugs Market Size to Reach Revenues of around USD 10 Billion by 2026 - Arizton

CHICAGO, Feb. 2, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global IV and oral iron drugs market report.

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The global IV and oral iron drugs market is expected to grow at a CAGR of over 11.6% during the period 2020-2026.

Key Highlights Offered in the Report: 

    1. The demand for prescription iron drugs is relatively high in developed
       economies such as the US and few European countries. This high demand is
       one of the major reasons for the global market to grow at a CAGR of
       around 12% during the forecast period. Approval of few branded IV drugs
       such as Feraccru, Monofer, and Injectafer in newer markets will further
       contribute to the overall growth of the market.
    2. The IV iron drugs market value is likely to increase by 2.5 times in 2026
       compared to 2020 revenue and dominate the global IV & oral iron drugs
       market with a share of around 67% in 2026.
    3. Ferinject/Injectafer is the major branded iron drug approved in around 85
       countries generating millions of revenues worldwide both for Vifor Pharma
       and Daiichi Sankyo.
    4. The US is likely to witness faster incremental growth of around USD 2
       billion due to high penetration of branded iron drugs over generic ones.
    5. Nephrology application segment will register an incremental growth of
       more than USD 3.5 billion during the forecast period. This is
       attributable to the availability of commercial branded iron drugs for
       treating iron deficiency in chronic kidney disease patients.
    6. Vendors should rely on strategic collaborations for quick product access
       and to penetrate new markets and expand in existing markets. For
       instance, Daiichi Sankyo Company acquired commercial rights of Injectafer
       in the US and Canada from Vifor Pharma Group. Likewise, Shield
       Therapeutics gave commercial rights of Feraccru to Norgine, AOP Orphan
       Pharmaceuticals, and Ewopharma.

Key Offerings: 

    --  Market Size & Forecast by Revenue | 2020-2026
    --  Market Dynamics - Leading trends, growth drivers, restraints, and
        investment opportunities
    --  Market Segmentation - A detailed analysis by route of administration,
        application, patient group, distribution, and geography
    --  Competitive Landscape - 2 key vendors, 7 other prominent vendors, and 6
        other vendors

Get your sample today! https://www.arizton.com/market-reports/iv-iron-oral-iron-drugs-market

IV and Oral Iron Drugs Market - Segmentation

    --  Expected launches of branded IV iron drugs in new markets and expanded
        indication approvals for existing commercially available brands are the
        key factors influencing the IV iron drugs' growth. The increased uptake
        of branded IV drugs in the US and European countries is also expected to
        contribute significantly during the forecast period.
    --  The growing prevalence of chronic kidney disease (CKD) and nephrological
        disorders across the world is increasing the application of iron drugs
        at a faster rate, and the trend is likely to continue during the
        forecast period. Across the globe, one in five men and one in four women
        have CKD among people above 65 years of age.
    --  Adults constitute over 81% share of the global IV and oral iron drugs
        market. Adults dominate the market due to the high incidence and
        prevalence of ID and IDA in the elderly population across the globe. CKD
        is relatively common among adults, with a prevalence rate of up to 13%.

IV and Oral Iron Drugs Market by Route of Administration

    --  Oral
    --  Intravenous (IV)

IV and Oral Iron Drugs Market by Application

    --  Nephrology
    --  Obstetrics & Gynecology (OBGYN)
    --  Surgery
    --  Gastroenterology
    --  Oncology
    --  Heart Failure (HF)

IV and Oral Iron Drugs Market by Patient Group

    --  Adult
    --  Pediatric

IV and Oral Iron Drugs Market by Distribution

    --  Hospital Pharmacies
    --  Offline Retail Pharmacies
    --  Online Channels

IV and Oral Iron Drugs Market - Dynamics

Vendors, especially key players, are increasingly focusing on pursuing inorganic growth strategies such as strategic collaborations & licensing opportunities to expand their presence, enhance product portfolio, and improve expertise in the market. Strategic collaboration agreements provide vendors with an opportunity to expand the market reach as well as increase the sales volume of drugs across the world. These strategic partnerships and in-licensing/out-licensing opportunities will allow players to gain a competitive advantage and vast geographical reach, which will drive their growth and profitability. These strategies will also allow vendors to reduce their R&D expenses and offer scope for easy market access of products into wider geographies by leveraging the portfolio of the acquired companies. Leading vendors in the global IV & oral iron drugs market are highly focused on strategic collaborations with counterparts in various countries to expand their global footprint.

Key Drivers and Trends fueling Market Growth:

    --  Investigational Iron Drugs
    --  Increasing Availability of Branded Iron Therapeutics and Expanded
        Indication Approvals
    --  High Demand for Dextran-free IV Iron Therapeutics
    --  Growing Demand Iron Replacement Therapies Among Kidney Disease Patients

IV and Oral Iron Drugs Market - Geography

North America obtains the largest position for the IV & oral iron drugs market across the world. The presence of a large proportion of the population with ID, coupled with better treatment access to ID and IDA, especially branded drugs, is the main factor for the high market share of the region. The strong presence of key vendors is another reason for high product uptake in the region. As a result, the IV & oral iron drugs market in North America is expected to witness significant growth during the forecast period. The region is likely to witness an incremental growth of around USD 2 billion during the forecast period, which is the highest compared to other regions. It is also expected to witness the highest absolute growth of over 105% during the forecast period.

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IV and Oral Iron Drugs Market by Geography

    --  North America
        --  US
        --  Canada
    --  Europe
        --  UK
        --  Germany
        --  France
        --  Italy
        --  Spain
    --  APAC
        --  China
        --  India
        --  Japan
        --  South Korea
        --  Australia
    --  Latin America
        --  Mexico
        --  Brazil
        --  Argentina
    --  Middle East & Africa
        --  Saudi Arabia
        --  Turkey
        --  South Africa

Major Vendors 

    --  Vifor Pharma
    --  Daiichi Sankyo Company

Other Prominent Vendors

    --  AMAG Pharmaceuticals
    --  Akebia Therapeutics
    --  Shield Therapeutics
    --  PHARMACOSMOS
    --  Allergan
    --  Sanofi
    --  AOP Orphan Pharmaceuticals

Other Vendors

    --  AZAD Pharma
    --  Ciron Drugs & Pharmaceuticals
    --  Pfizer
    --  Rockwell Medical
    --  Salveo Lifecare
    --  Sunny Pharmaceutical

Explore our healthcare & lifesciences profile to know more about the industry.

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