Intravenous Iron Drugs Market: Global Industry Analysis and Forecast (2024-2030) by Indication, Distribution Channel, and Region

Intravenous Iron Drugs Market Definition & Overview:

Iron is a vital element that is involved in biological activities such as heme synthesis, energy metabolism, neurotransmitter creation, myoglobin development, collagen formation, and immune system function, among others. Iron deficiency is one of the leading causes of iron deficiency anemia (IDA), which is linked to an increased risk of morbidity and death. According to a survey done by the Vitamin and Mineral Nutrition Information System, iron deficiency is responsible for roughly 30% of anemia in women and children in developing countries.

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Intravenous Iron Drugs Market Dynamics:

The intravenous iron drugs market is expected to grow faster as the number of clinical studies increases and patients' responses to intravenous ferrous medicines improve. Besides that, the rising prevalence of cancer, chronic renal disease, and inflammatory bowel disease, together with the main players' increased investments in product development activities, may result in a favourable market rise over the forecast period. Additionally, dialysis clinics are gaining traction in the IV iron drug market, since they represent a sizable client base for intravenous iron treatments. These dialysis clinics also provide iron doses and attract patients looking for dependable and safe IV iron medication.

However, the intravenous iron drugs market's growth is hampered by strict regulations and negative effects associated with IV iron products. The FDA and the European Medicines Agency, for example, establish strict guidelines for the approval and use of IV iron medicines. These licensing processes are complicated and time-consuming, with each new medicine having to meet tight criteria. Also, some of the most common adverse effects of IV iron medications are nausea, muscular cramps, vomiting, constipation, joint pain, headache, back pain, and cough.

Intravenous Iron Drugs Market Segment Analysis:

By Product, The Ferric carboxymaltose (FCM) segment dominated the intravenous iron drugs market for intravenous iron medicines in 2023, with a 46.9 percent revenue share, and is expected to maintain its dominance throughout the forecast period due to its expanding use, improved performance, and lower cost. It is a parenteral iron medication devoid of dextran that is suggested for the quick and high-dose replacement of depleted iron reserves. This medicine is a stable compound with the benefit of not containing any extraneous ingredients and having a very low immunogenic potential; hence, it poses a very low risk of anaphylactic responses. Its advantageous features allow for quick infusion without the need for a test dosage. As a result, it eliminates the need for several little dosages and extensive infusion durations.

By Application, in 2023, the chronic renal disease segment dominated the intravenous iron drugs market for intravenous iron medicines, accounting for 30.8 percent of total revenue. The rising frequency of CKD and the high incidence of IDA among CKD patients are to blame for its large market share. In individuals with CKD, IDA is a prevalent complication. It is uncommon in the early stages of renal illness, although it does occur as the disease progresses and kidney function declines. Anemia is caused by a decrease in the amount of Red Blood Cells (RBCs) in CKD patients. As the number of people with CKD rises, so does the number of those who have IDA.

Intravenous Iron Drugs Market Regional Insights:

Due to increased approvals and the introduction of new intravenous medications in the United States, North America dominated the intravenous iron drugs market in 2020, with the biggest revenue share of 39.9%. The rising frequency of cancer, chronic renal disease, and gastrointestinal illnesses in the region has also contributed to its dominance. Increased awareness of women's health and an increase in the frequency of celiac disease are two key reasons propelling the market in the region. The United States and Canada are among the nations included in the area. In 2020, the United States dominated the intravenous iron medication market in the region. In the United States, the market for intravenous (IV) iron drugs is expected to reach US$458.8 million by 2020.

During the forecast period, the intravenous iron drugs market in the Asia Pacific is expected to grow at the quickest rate. This may be ascribed to prominent players' geographic growth in Asia Pacific nations, as well as the development of healthcare infrastructure and government efforts. Furthermore, the growing frequency of IDA in rising economies like China and India has aided market growth. China, the world's second-biggest economy, is expected to reach a forecast market size of US$554.7 million by 2027, representing a 9.5 percent CAGR from 2020 to 2027.

In 2020, Europe had the second-largest revenue share in the market for intravenous iron medicines, and it is expected to increase rapidly throughout the forecast period. This is due to the presence of key market participants on the ground, the increased research, and commercialization of new medications, the adoption of newer products, and the rising cancer incidence in the region. Germany is expected to expand at a CAGR of around 3.8 percent in Europe.

The objective of the report is to present a comprehensive analysis of the Intravenous Iron Drugs Market to the stakeholders in the industry. The report provides trends that are most dominant in the Intravenous Iron Drugs Market and how these trends will influence new Business investments and market development throughout the forecast period. The report also aids in the comprehension of the market dynamics and competitive structure of the market by analyzing market leaders, market followers, and regional players.

The qualitative and quantitative data provided in the Intravenous Iron Drugs Market report is to help understand which market segments, regions are expected to grow at higher rates, factors affecting the market, and key opportunity areas, which will drive the industry and market growth through the forecast period. The report also includes the competitive landscape of key players in the industry along with their recent developments in the Intravenous Iron Drugs Market. The report studies factors such as company size, market share, market growth, revenue, production volume, and profits of the key players in the market.

The report provides Porter's Five Force Model, which helps in designing the business strategies in the market. The report helps in identifying how many rivals are existing, who they are, and how their product quality is in the Market. The report also analyses if the Intravenous Iron Drugs Market is easy for a new player to gain a foothold in the market, do they enter or exit the market regularly if the market is dominated by a few players, etc.

Intravenous Iron Drugs Market Scope:

Intravenous Iron Drugs Market Players:

• Allergan Plc. (Ireland)
• AMAG Pharmaceuticals, Inc. (USA)
• Daiichi Sankyo, Inc. (USA)
• Luitpold Pharmaceuticals, Inc. (USA)
• American Regent, Inc. (USA)
• Pharmacosmos A/S (Denmark)
• Sanofi US (USA)
• Vifor Pharma Ltd. (Switzerland)
• Vifor Fresenius Medical Care Renal Pharma (Switzerland)