Latest News- Renal Anemia Therapeutics Market: IV is expected to lead the Type segment during 2025-2029

The Renal Anemia Therapeutics Market is being driven by Presence of large pool of CKD patients

The Renal Anemia Therapeutics Market is expected to grow at a CAGR of 9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 3355 million. Biosimilar renal anemia therapeutics, such as biosimilar epoetins, mimic the structure, efficacy, and safety of their reference biologics. These medications undergo rigorous regulatory processes to ensure they meet the same safety, effectiveness, and quality standards as their reference counterparts. The use of biosimilar epoetins in patients with anemia and chronic renal disease results in significant cost savings, making them a valuable addition to healthcare budgets. In Europe, where biosimilar epoetins have been available for a decade, their adoption has increased patient access to essential treatments while reducing costs. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Type
  • IV
  • Oral
• Distribution Channel
  • Hospital pharmacy
  • Retail pharmacy
  • Online pharmacy
• Form Factor
  • Solid
  • Liquid
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • Asia
    • China
    • India
    • Japan
  • Rest of World (ROW)

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Presence of large pool of CKD patients
• Growing geriatric population
• New drug approvals for renal anemia therapeutics

However, the market also witnesses some limitations, which are as follows:

• Side-effects of oral administration of renal anemia drugs
• High cost of drugs used in renal anemia therapy
• Stringent government regulations regarding renal anemia drugs

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Market Scope in Renal Anemia Therapeutics Market Research Report

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Research Analysis Overview

The Renal Anemia Therapeutics Market encompasses various treatment options for managing anemia in patients with chronic kidney disease. Long-term care and disease progression significantly impact patient outcomes, leading to increased healthcare costs and utilization. Health economics, intellectual property, licensing agreements, and business strategies are crucial for market growth. Future trends include advancements in biopharmaceutical industry, patient advocacy, public health, global health, health disparities, and access to healthcare for equitable treatment.

Market Research Overview

The Renal Anemia Therapeutics Market, a significant segment of the global pharmaceuticals industry, encompasses companies involved in the research and development (R&D) or production of erythropoiesis-stimulating agents, iron chelators, oral iron supplements, intravenous iron, and subcutaneous administration solutions. According to Technavio, the global pharmaceuticals market's size is determined by the consolidated revenue generated by manufacturers and providers of equipment, supplies, pharmaceuticals, biotechnology, and life sciences tools and services. The market's expansion will be fueled by demographic trends, including the increasing global population aging. By 2050, approximately one-quarter of the US population and Europe's population is projected to be over 60 years old. This demographic shift will create a substantial demand for renal anemia therapeutics as the elderly population is more susceptible to chronic kidney disease (CKD), a primary cause of renal anemia.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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