The IV and oral iron drugs market has witnessed exceptional growth, with a remarkable CAGR of 7.5%. Valued at US$ 3.3 billion, this surge is attributed to rising awareness of iron deficiency disorders, advancements in medical research, and strategic collaborations among pharmaceutical players. The market's expansion is driven by increasing prevalence of chronic diseases and a focus on personalized medicine. The future outlook remains promising, with emerging economies contributing to further advancements in iron supplementation therapies. A leading player in the industry, is committed to improving global healthcare by providing safe and effective iron supplementation solutions.
The report "IV and Oral Iron Drugs Market, By Route of Administration (Oral Iron Drugs and IV Iron Drugs), By Application (Nephrology, Obstetrics & Gynecology (OBGYN), Cardiac & Thoracic Surgeries, Surgeries, Gastroenterology, Oncology, and Heart Failure), and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2030”
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Key Highlights:
• In 2018, Shield Therapeutics signed an agreement with Norgine for the product Feraccru. Due to this agreement, Norgine received right for the commercialization for Feraccru from the Shield Therapeutics.
Analyst View:
From an analyst's perspective, the growth and performance of the global IV and oral iron drugs market present an optimistic outlook. The impressive CAGR of 7.5% and the market's current value of US$ 3.3 billion indicate a robust demand for iron supplementation therapies. Factors such as increased awareness of iron deficiency disorders, advancements in medical research, and strategic collaborations among pharmaceutical companies have significantly contributed to the market's expansion.Moreover, the rising prevalence of chronic diseases and the incorporation of personalized medicine and digital health solutions present promising opportunities for further growth in the industry. These trends are likely to drive the development of innovative iron formulations and enhance patient compliance, ultimately improving treatment outcomes.
Competitive Landscape:
The key players operating the global IV and oral iron drugs market involves VIFOR Pharma Group, Daiichi Sankyo Company, Amag Pharmaceuticals, Akebia Therapeutics, Shield Therapeutics, Pharmacosmos, Allergan, Sunny Pharmaceutical, AOP Orphan Pharmaceuticals, and Salveo Lifecare.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
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