info@marketresearchfuture.com   📞  +1 (855) 661-4441(US)   📞  +44 1720 412 167(UK)
Certified Global Research Member
Isomar fd.webp Wcrc 57.webp
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Iron Deficiency Anemia Treatment Market Research Report Information By Therapy Type (Oral Iron Therapy, Parenteral Iron Therapy, and Red Blood Cell Transfusion), By End User (Hospitals, Clinics, and Home Healthcare) and By Region (North America, Europe, Asia-Pacific, and Rest of the World) –Market Forecast Till 2032


ID: MRFR/Pharma/20102-HCR | 128 Pages | Author: Rahul Gotadki| July 2024

Global Iron Deficiency Anemia Treatment Market Overview


Iron Deficiency Anemia Treatment Market Size was valued at USD 3.5 Billion in 2022. The Iron Deficiency Anemia Treatment market industry is projected to grow from USD 4.11 Billion in 2023 to USD 14.94 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 17.50% during the forecast period (2024 - 2032). Rise in the incidence of chronic renal disease, rise in the risk of hem dilution in expectant mothers, and rise in the prevalence of iron insufficiency in people are the key market drivers accelerating market expansion.


Iron Deficiency Anemia Treatment Market Overview


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Iron Deficiency Anemia Treatment Market Trends



  • Rise in Prevalence of Iron Deficiency Anemia is driving the market growth


Market CAGR for Iron Deficiency Anemia Treatment is being driven by the rising Prevalence of Iron Deficiency Anemia. An absence of iron When there is not enough iron in the body, anemia, one of the most prevalent types of anemia, develops. Low levels of healthy red blood cells are a medical disease known as anemia. RBCs are the blood's oxygen-carrying cells. The creation of hemoglobin, a component of red blood cells, depends heavily on iron. Oxygen levels in the body are lower when hemoglobin is deficient. Maintaining iron levels is so crucial. Iron is necessary for the body's transportation of oxygen. Meat, vegetables, fruits, and grains are foods high in iron that can help prevent it.


Additionally, Patients with cancer are more frequently developing iron deficient anemia. A number of common malignancies are frequently connected to anemia, including bone cancer, cervical cancer, blood cancer, colon cancer, and prostate cancer. The highest anemic prevalence has been seen in breast and lung tumors among solid tumors. A hematologic cancer, such as lymphoma, leukemia, or multiple myeloma, can produce abnormal blood cells, which can result in anemia. The immune system is compromised by certain disorders. Cancer treatments like chemotherapy and radiation worsen anemia in patients with the disease. There are hence more prospects in the market.


Iron deficiency anemia is becoming more prevalent, especially in women and children, as a result of low dietary iron intake and excessive red blood cell loss. This can lead to developmental abnormalities in growing children and fetuses in pregnant women, respectively. Only a small number of minor side effects can result from taking iron-containing drugs. Problems with appetite and digestive disorders like nausea, vomiting, stomach aches, and constipation is frequent adverse effects. Additionally, these drugs may result in overdose symptoms such weakness, exhaustion, shallow or quick breathing, bluish skin, convulsions, pale skin, or pale fingernails. The expansion of the market is hampered as a result.


For instance, According to the WHO, iron deficiency is responsible for 50% of all anemias, which affects 1,500 million to 1,740 million individuals worldwide. A study undertaken for the national health care data in Germany, Belgium, Spain, and Italy also found that the yearly between 7.2 and 13.9 cases of iron deficiency anemia per 1,000 person-years were reported. Thus, result in driving the Iron Deficiency Anemia Treatment market revenue.


Iron Deficiency Anemia Treatment Market Segment Insights


Iron Deficiency Anemia Treatment Therapy Type Insights


The Iron Deficiency Anemia Treatment market segmentation, based on Therapy Type includes Oral Iron Therapy, Parenteral Iron Therapy, and Red Blood Cell Transfusion. The oral iron therapy segment dominated the market. This dominance can be attributed to easy application of this method, as taking oral treatment is much easier than other treatments. However, parenteral iron therapy is also occasionally required to treat functional iron deficiency, patients who are resistant to or intolerable of oral iron therapy or patients who are undergoing recombinant erythropoietin therapy.


Iron Deficiency Anemia Treatment End User Insights


The Iron Deficiency Anemia Treatment market segmentation, based on End User, includes Hospitals, Clinics, and Home Healthcare. The hospitals category generated the most income. This might be as a result of benefits including individualized treatment plans, top-notch medication, and an increase in hospitals in developing countries. Hospitals are medical treatment centers that are generally managed by trained medical professionals, such as doctors, surgeons, and nurses.


Figure1:  Iron Deficiency Anemia Treatment Market, by End User, 2023 & 2032 (USD Billion)


Iron Deficiency Anemia Treatment Market, by End User, 2022&2032


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Iron Deficiency Anemia Treatment Regional Insights


By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Iron Deficiency Anemia Treatment market area will dominate this market, due to elements including the rising incidence of iron deficiency anemia in the population, the availability of a strong health care system, and the presence of significant market participants in the area.


Further, the major countries studied in the market report are The US, Canada, France, the UK, Italy, Spain, German, India, Australia, South Korea, China, Japan, and Brazil.


Figure2:  IRON DEFICIENCY ANEMIA TREATMENT MARKET SHARE BY REGION 2022 (USD Billion)


IRON DEFICIENCY ANEMIA TREATMENT MARKET SHARE BY REGION 2022


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Europe Iron Deficiency Anemia Treatment market represents the second-largest market share due to the substantial need for iron supplements, and the increased awareness of the treatment for iron deficient anemia. Further, the German Iron Deficiency Anemia Treatment market held a dominant market share, and the UK Iron Deficiency Anemia Treatment market was the European region's fastest-growing market.


The Asia-Pacific Iron Deficiency Anemia Treatment Market is anticipated to see the fastest CAGR between 2024 and 2032. This is due to increased public knowledge of women's health issues and advancements in the healthcare system. Moreover, China’s Iron Deficiency Anemia Treatment market held a dominant market share, and the Indian Iron Deficiency Anemia Treatment market was the Asia-Pacific region's fastest-growing market.


Iron Deficiency Anemia Treatment Key Market Players& Competitive Insights


Leading market players are putting a lot of money on R&D to extend the range of their goods, which will fuel the Iron Deficiency Anemia Treatment market's growth. Additionally, market participants are engaging in a range of strategic initiatives to increase their worldwide reach, with important market developments such as the introduction of new products, contracts, mergers and acquisitions, increased investments, and cooperation with other organizations. To grow and endure in an increasingly competitive and challenging market environment, Iron Deficiency Anemia Treatment industry must provide reasonably priced goods.


One of the main business strategies employed by manufacturers is to produce locally to reduce operational expenses in the  Iron Deficiency Anemia Treatment industry to develop market sector and provide benefits to customers. In recent years, the Iron Deficiency Anemia Treatment industry has provided some of the most important benefits to the healthcare sector. Major players in the Iron Deficiency Anemia Treatment market, including Abbvie Inc., Akebia Therapeutics Inc., AMAG Pharmaceuticals Inc. (Covis Group S.r.l.), Daiichi Sankyo Company, Pharmacosmos AS, Sanofi SA, Johnson and Johnson, and Fresenius SE & Co. KGaA, and others, invest in operations for research and development in an effort to improve market demand.


AbbVie Inc. is an American pharmaceutical corporation. According to revenue, it is the sixth-largest biomedical company. Humira (adalimumab), which is taken via injection, is the company's main product ($21 billion in 2022 revenues, or 37% of all revenues). Rheumatoid arthritis, Crohn's disease, plaque psoriasis, and ulcerative colitis are among the autoimmune disorders that it is licenced to treat. The name "AbbVie" is a mix of "Abbott," the name of the company's former parent, and "vie," which is meant to be a reference to a Latin word that means "life”. In 2022, With its main product SDI-118 and portfolio of cutting-edge modulators of the synaptic vesicle protein 2A, Syndesi Therapeutics was bought by Abbvie for up to $1 billion.


AMAG Pharmaceuticals, Inc. is an American pharmaceutical firm that creates medications to treat adult patients with iron deficiency anemia (IDA). Up until November 2020, when Covis Pharma bought the business, it was a publicly traded firm with the ticker "AMAG" on NASDAQ. The business joined the Pharmaceutical Research and Manufacturers of America (PhRMA) in 2016. The activities of AMAG Pharmaceuticals Inc. include drug research, marketing, and distribution. The United States, Canada, and the European Union are among the regions where the corporation markets its products. In 2018, Feraheme, manufactured by AMAG Pharmaceuticals, has been given FDA (Food and Drug Administration) approved for the treatment of iron deficient anemia in patients who cannot take oral iron therapy or who do not significantly improve after receiving oral iron therapy.


Key Companies in the Iron Deficiency Anemia Treatment market include



  • Abbvie Inc.

  • Akebia Therapeutics Inc.

  • AMAG Pharmaceuticals Inc. (Covis Group S.r.l.)

  • Daiichi Sankyo Company

  • Pharmacosmos AS

  • Sanofi SA

  • Johnson and Johnson

  • Fresenius SE & Co. KGaA

  • ViforPharma Ltd.

  • Rockwell Medical, Inc.

  • Akorn Operating Company LLC

  • Shield Therapeutics


Iron Deficiency Anemia Treatment Industry Developments


September 2022: Pharmacosmos sold Zydus Life sciences the rights to distribute the iron deficient anemia medication MonoFerric (iron isomaltoside) injectable in India and Nepal.


March 2022: An oral, small-molecule inhibitor of the hypoxia-inducible factor-prolyl hydroxylase (HIF-PH) that Zydus submitted for the treatment of anemia linked to chronic kidney disease (CKD), called Oxemia, received approval from the Drug Controller General of India.


January 2019: The Food and Drug Administration (FDA) has approved Monoferri for use in the United States as a treatment for iron-deficiency anemia (IDA), according to a statement from Pharmacosmos a/s. This new FDA approval will contribute to PHARMACOSMOS A/S's product portfolio expansion and raise its market credibility.


Iron Deficiency Anemia Treatment Market Segmentation


Iron Deficiency Anemia Treatment Therapy Type Outlook



  • Oral Iron Therapy

  • Parenteral Iron Therapy

  • Red Blood Cell Transfusion


Iron Deficiency Anemia Treatment End User Outlook



  • Hospitals

  • Clinics

  • Home Healthcare


Iron Deficiency Anemia Treatment Regional Outlook



  • North America

    • US

    • Canada



  • Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Rest of Europe



  • Asia-Pacific

    • China

    • Japan

    • India

    • Australia

    • South Korea

    • Australia

    • Rest of Asia-Pacific



  • Rest of the World

    • Middle East

    • Africa

    • Latin America



Report Attribute/Metric Details
Market Size2022 USD 3.5 Billion
Market Size 2023 USD 4.11Billion
Market Size2032 USD 14.94 Billion
Compound Annual Growth Rate (CAGR) 17.50% (2024-2032)
Base Year 2023
Market Forecast Period 2024-2032
Historical Data 2018- 2022
Market Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Therapy Type, End User, and Region
Geographies Covered North America, Europe, AsiaPacific, and the Rest of the World
Countries Covered The US, France, UK, Italy, Canada, German, Spain, India, Australia, South Korea, China, Japan, and Brazil
Key Companies Profiled  Abbvie Inc., Akebia Therapeutics Inc., AMAG Pharmaceuticals Inc. (Covis Group S.r.l.), Daiichi Sankyo Company, Pharmacosmos AS, Sanofi SA, Johnson and Johnson, and Fresenius SE & Co. KGaA
Key Market Opportunities An increase in cases of anemia will present a chance
Key Market Dynamics Growing clinical and research efforts will fuel market expansion.


Frequently Asked Questions (FAQ) :

In 2022, the market for treating iron deficiency anemia was estimated to be worth USD 3.5 billion.

During the forecast period, 2024-2032, the market growth is projected to occur at a CAGR of 17.50. %.

North America maintained the biggest market share ly.

Abbvie Inc., Akebia Therapeutics Inc., AMAG Pharmaceuticals Inc. (Covis Group S.r.l.), Daiichi Sankyo Company, Pharmacosmos AS, Sanofi SA, Johnson and Johnson, and Fresenius SE & Co. KGaA are among the leading companies in the industry.

In 2022, the market was dominated by the category of oral iron therapy.

The Hospitals held the biggest market share worldwide.

Leading companies partner with us for data-driven Insights
client_1 client_2 client_3 client_4 client_5 client_6 client_7 client_8 client_9 client_10
Kindly complete the form below to receive a free sample of this Report
Please fill in Business Email for Quick Response

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Purchase Option
Single User $ 4,950
Multiuser License $ 5,950
Enterprise User $ 7,250
Compare Licenses
Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.