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

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

PR Newswire

CHICAGO, Feb. 2, 2021

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:

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IV and Oral Iron Drugs Market – Segmentation

IV and Oral Iron Drugs Market by Route of Administration

IV and Oral Iron Drugs Market by Application

IV and Oral Iron Drugs Market by Patient Group

IV and Oral Iron Drugs Market by Distribution

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:

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

Major Vendors

Other Prominent Vendors

Other Vendors

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

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Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

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