Intravenous Iron Drugs Market Size, Share & Trends Report

Intravenous Iron Drugs Market Size, Share & Trends Analysis Report By Product (Iron Sucrose, Iron Dextran, Ferric Carboxymaltose), By Application (Chronic Kidney Disease, Inflammatory Bowel Disease, Cancer), and Segment Forecasts, 2019 - 2026

  • Published Date: Oct, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-4-68038-000-2
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 110

Industry Insights

The global intravenous iron drugs market size was estimated at USD 1.63 billion in 2018 and is anticipated to grow at a CAGR of 7.2% over the forecast period. Growing prevalence of chronic kidney disease, increasing number of patients undergoing dialysis, and rising geriatric population are the major factors driving the market. Furthermore, higher expenditure on medications, increasing investment in the healthcare sector, and rising cases of iron deficiency anemia are aiding in the market growth.

Iron is one of the crucial components in the hemoglobin and plays an important role in the transportation of oxygen throughout the body. There have been several technological advancements in the intravenous (IV) iron drugs that increases their applications such as in kidney disease and inflammatory bowel disease. The development of these medications has led to improved functional capacity, increased hemoglobin levels, and restoration of iron in people suffering from iron deficiency anemia.

North America intravenous iron drugs Market

Intravenous iron therapy is the preferred option for patients in whom oral absorption is seriously compromised due to illnesses or inability to swallow, oral administration is not tolerated, or there is a requirement of rapid improvement. Intravenous treatment is generally more costly than oral therapy and is unsuitable for the duration of the first trimester of pregnancy.

Multiple side-effects related to these drugs and stringent regulations may pose as a major hindrance in the growth of the market. The approval processes and regulations for the use of IV iron drugs, established by the FDA and the European Medicines Agency are time taking and complex. Some of the major side-effects of these drugs include vomiting, muscle cramps, headache, cough, nausea, joint pain, constipation, and back pain.

However, novel product development, growing trend of bundled payment systems, and increasing penetration in the gynecology market are expected to fuel growth of intravenous iron drug market throughout the forecast period. Furthermore, 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 are anticipated to boost the market.

Products Insights

Based on products, the market is segmented into iron dextran, iron sucrose, ferric carboxymaltose, and other products. Among the products, the ferric carboxymaltose segment held the largest market share in 2018 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 also be attributed to the FDA approval of Injectafer in North America as well as its approval outside North America under the name Ferinject.

The iron sucrose segment held the second largest market share in 2018, followed by other products such as ferric maltol and ferumoxytol. The market has witnessed several product launches worldwide in the recent times including Diafer and Feraccru. Although, treatment with iron dextran such as Infed and Cosmofer has been the mainstay for iron deficiency anemia since three decades, they are now facing stiff competition from cheaper generic alternatives post the patent expiry.

Application Insights

Based on application, the IV iron drugs market has been segmented 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 in 2018 due to rapidly increasing prevalence, growing geriatric population and the trend of inclination towards 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.

Europe intravenous iron drugs Market

There are several cases of iron deficiency in which intravenous drugs are preferred over oral pills. These IV iron drugs are used in cases where oral iron is not tolerated by the body, there is a requirement to rapidly increase the hemoglobin level, or there is a presence of underlying inflammation such as in inflammatory bowel disease or CKD patients. The cancer segment is expected to demonstrate the fastest growth during the forecast period due to very high incidence rate and increasing oncology cohort.

Regional Insights

The geographical analysis of intravenous iron drugs market divides it into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2018, 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.

Emerging markets such as Japan, China, South Korea, and India in the Asia Pacific region are expected to grow at a significant rate through the forecast period. This can be attributed to the increasing government investment in the biotechnology & biopharmaceutical industry, emergence of novel biologics, vaccines, & drugs, expanding medical treatment for infectious and chronic diseases, and huge number of investment opportunities in these markets.

Intravenous Iron Drugs Market Share Insights

The global market is highly competitive owing to emergence of new entrants in this industry and the presence of well established firms. The key participants operating in this space include Allergan, Inc.,Daiichi Sankyo Company, Ltd., Rockwell Medical Technologies, Inc., AMAG Pharmaceuticals. Inc., Sanofi, Fresenius Medical Care AG & Co., Vifor Pharma Management Ltd., Pharmacosmos A/S, Shield Therapeutics Plc, and American Regent. Inc.

Daiichi Sankyo Company, AMAG Pharmaceuticals, Vifor Pharma, and Pharmacosmos held the large market shares in 2018 due to the presence of an extensive product portfolio and wide geographical presence. However, the companies are facing stiff competition as several branded intravenous drugs have lost patents and generics are available in the market at a cheaper price. Thus, companies are adopting various strategies such as new product development, mergers & acquisitions, strategic partnerships, and regional expansions to gain a competitive advantage.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2026

Market representation

Revenue in USD Million and CAGR from 2019 to 2026

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, Germany, UK, France, Italy, Spain, Russia, Japan, China, India, Australia, South Korea, Singapore, Brazil, Mexico, Argentina, South Africa, Saudi Arabia, UAE

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

15% free customization scope (equivalent to 5 analysts working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments covered in the report

This report forecasts revenue growth at global, regional, & country levels, and provides an analysis of the industry trends in each of the sub-segments from 2015 to 2026. For the purpose of this study, Grand View Research has segmented the global intravenous iron drugs market report on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2015 - 2026)

    • Iron Dextran

    • Iron Sucrose

    • Ferric Carboxymaltose

    • Others

  • Application Outlook (Revenue, USD Million, 2015 - 2026)

    • Chronic Kidney Disease

    • Inflammatory Bowel Disease

    • Cancer

    • Other Diseases

  • Regional Outlook (Revenue, USD Million, 2015 - 2026)

    • North America 

      • U.S.

      • Canada

    • Europe 

      • UK

      • Germany

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific 

      • Japan

      • China

      • India

      • South Korea

      • Singapore

      • Australia

    • Latin America 

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa 

      • South Africa

      • Saudi Arabia

      • UAE

Key questions answered by the report
Request for Customization

Choose License Type

Single User - $5,950
Multi User (2-5) - $6,950
Enterprise Access - $8,950

Buy Chapters or Sections

Avail customized purchase options to meet your exact research needs:

  • Buy sections of this report
  • Buy country level reports
  • Request for historical data
  • Request discounts available for Start-Ups & Universities

Why Choose Us

  • Research support

    24/5 Research support

    Get your queries resolved from an industry expert.

  • Custom research service

    Custom research service

    Design an exclusive study to serve your research needs.

  • Quality assurance

    Quality assurance

    A testimonial for service in the form of BBB "A" Accreditation.

  • BBB Rating dandb
  • Information security

    Information security

    Your personal and confidential information is safe and secure.

  • grand view research PCI DSS complaint grand view research paypal verified