Global Intravenous Iron Drugs Market Size By Product (Iron Dextran, Iron Sucrose, Ferric Carboxymaltose), By Application (Chronic Kidney Disease, Inflammatory Bowel Disease, Cancer), By Geographic Scope And Forecast
Report ID: 10972|No. of Pages: 202
Global Intravenous Iron Drugs Market Size By Product (Iron Dextran, Iron Sucrose, Ferric Carboxymaltose), By Application (Chronic Kidney Disease, Inflammatory Bowel Disease, Cancer), By Geographic Scope And Forecast
Intravenous Iron Drugs Market Size And Forecast
Intravenous Iron Drugs Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2020 to 2027.
The growing prevalence of chronic renal disorder, an increasing number of patients undergoing dialysis, and therefore the rising geriatric population are the main factors driving the market. The Global Intravenous Iron Drugs Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
>>> Get | Download Sample Report@ – https://www.verifiedmarketresearch.com/download-sample/?rid=10972
Global Intravenous Iron Drugs Market Definition
Iron, one of the essential elements, plays a crucial role in biological processes such as the synthesis of heme, energy metabolism, neurotransmitter production, formation of myoglobin, formation of collagen, and immune system function. Deficiency of iron is one of the major causes of iron deficiency anemia (IDA) associated with increased morbidity and mortality. According to a survey conducted by the Vitamin and Mineral Nutrition Information System, around 30% of anemia in women and children in developing countries is due to iron deficiency. In the 19th century, Pierre Bland introduced ferrous sulfate which became the standard treatment for IDA.
Iron supplements are available in two forms: oral and intravenous. Intravenous iron preparations are superior to oral supplements, as these lead to a higher and faster increase in iron and Hb levels. Oral supplements have disadvantages such as GI adverse events, poor adherence, poor gastrointestinal absorption, and non-compliance.
What's inside a VMR
industry report?
Our reports include actionable data and forward-looking analysis that help you craft pitches, create business plans, build presentations and write proposals.
>>> Ask For Discount @ – https://www.verifiedmarketresearch.com/ask-for-discount/?rid=10972
Global Intravenous Iron Drugs Market Overview
The growing prevalence of chronic renal disorder, an increasing number of patients undergoing dialysis, and therefore the rising geriatric population are the main factors driving the market. Furthermore, higher expenditure on medications, increasing investment within the healthcare sector, and rising cases of iron deficiency anemia are aiding the market growth.
Major drivers of the IV iron drugs market are a rise in the incidence of iron deficiency, an increase in chronic renal disorder patients undergoing dialysis, and a surging diabetic population. An increase in iron deficiency anemia in gynecology, oncology, and gastroenterology, noncompliance of oral therapy, and accurate, easy, and convenient access to IV iron dosages drive demand for intravenous iron drugs. However, complex approval processes, stringent regulations, drug side effects, nutraceutical alternatives to stop iron deficiency, and merchandise price are likely to act as major restraints of the IV iron drugs market.
However, novel development, the growing trend of bundled payment systems, and increasing penetration within the gynecology market are expected to fuel the expansion of the intravenous iron drug market throughout the forecast period. Furthermore, the increasing need for preventing anemia in pregnant women as well as improving maternal and birth outcomes, rising number of diabetic patients in the global population, and growing awareness towards healthcare & personal care is anticipated to boost the market.
Global Intravenous Iron Drugs Market: Segmentation Analysis
The Global Intravenous Iron Drugs Market is Segmented on the basis of Product, Application, And Geography.
Intravenous Iron Drugs Market, By Product
- Iron Dextran
- Iron Sucrose
- Ferric Carboxymaltose
- Others
Based on Product, the market is bifurcated into iron dextran, iron sucrose, ferric carboxymaltose, and other products. Among the products, the ferric carboxymaltose segment held the largest market share and is projected to dominate the global IV iron drugs market during the forecast period due to its increasing application in drug discovery, superior performance, and reduced cost. This can even be attributed to the FDA approval of Injectafer in North America as well as its approval outside North America under the name Ferinject.
Intravenous Iron Drugs Market, By Application
- Chronic Kidney Disease
- Inflammatory Bowel Disease
- Cancer
- Others
Based on Application, the market is bifurcated into chronic kidney disease (CKD), inflammatory bowel disease (IBD), cancer, and other diseases. Among the applications, chronic kidney diseases accounted for the largest market share owing to rapidly increasing prevalence, growing geriatric population, and the trend of inclination towards a sedentary lifestyle. According to the U.S. Department of Health & Human Services, around 15% of people in the U.S. are estimated to be suffering from chronic kidney disease.
Intravenous Iron Drugs Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the World
On the basis of regional analysis, the Global Intravenous Iron Drugs Market is classified into North America, Europe, Asia Pacific, and Rest of the world. North America accounted for the largest market share due to the increasing application of intravenous iron drugs in cancer research, increasing adoption of low cost & compact intravenous iron drugs in clinical diagnostics, and infrastructural development of research laboratories.
Key Players
The “Global Intravenous Iron Drugs Market” study report will provide a valuable insight with an emphasis on the global market including some of the major players are Actavis, Inc., AMAG Pharmaceuticals, Inc., American Regent, Inc., Fresenius Medical Care AG & Co. KGaA, Galenica Ltd, Luitpold Pharmaceuticals, Inc., Pharmacosmos A/S, Rockwell Medical Technologies, Inc., Sanofi and Vifor Pharma Ltd.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2016-2027 |
| Base Year | 2019 |
| Forecast Period | 2020-2027 |
| Historical Period | 2016-2018 |
| Key Companies Profiled | Actavis, Inc., AMAG Pharmaceuticals, Inc., American Regent, Inc., Fresenius Medical Care AG & Co. KGaA, Galenica Ltd, Luitpold Pharmaceuticals, Inc. |
| Segments Covered |
|
| Customization Scope | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
Top Trending Reports:
Global Diesel Particulate Filter Market Size And Forecast
Global Load Break Switch Market Size And Forecast
Research Methodology of Verified Market Research:
To know more about the Research Methodology and other aspects of the research study, kindly Get in touch with our sales team at Verified Market Research.
Reasons to Purchase this Report
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 6-month post-sales analyst support
Customization of the Report
- In case of any Queries or Customization Requirements please connect with our sales team, who will ensure that your requirements are met.
Frequently Asked Questions
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
|
|
| Demand side |
|
|
Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
| Qualitative analysis | Quantitative analysis |
|---|---|
|
|
