Chemotherapy Induced Anemia Market is Projected to Increase at a CAGR of 7.2% From 2024-2031.
The Global Chemotherapy-Induced Anemia Market size reached USD 2,240 million in 2022 and is projected to witness lucrative growth by reaching up to USD 3,893.5 million by 2031. The chemotherapy-induced anemia market is expected to exhibit a cagr of 7.2% during the forecast period (2024-2031).
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Chemotherapy-Induced Anemia (CIA) is a common condition in cancer patients undergoing chemotherapy, characterized by a decrease in red blood cells (RBCs) and hemoglobin levels. This occurs because chemotherapy drugs suppress bone marrow function, reducing RBC production. Anemia in cancer patients can lead to fatigue, weakness, shortness of breath, and reduced quality of life.
List of the Key Players in the Chemotherapy Induced Anemia Market:
Dr. Reddy’s Laboratories Ltd, Pfizer Inc, Panacea Biotec Limited, SBI PHARMACEUTICALS CO., LTD, Tolero Pharmaceuticals, Inc., Vifor Pharma AG, Therapure Biopharma Inc., PharmaEssentia Corp., PhytoHealth Corp, and UBI Pharma Inc.
Industry Development:
In February 2023, the U.S. FDA granted Priority Review to Pfizer's supplemental new drug application (sNDA) for TALZENNA (talazoparib) in combination with XTANDI (enzalutamide) for the treatment of men with metastatic castration-resistant prostate cancer (mCRPC). This designation is given to drugs that have the potential to provide a significant improvement in treatment options for patients, especially when there is no satisfactory alternative. Priority Review expedites the FDA’s assessment, aiming for a decision within six months instead of the standard 10-month review period.
Growth Forecast Projected:
The Global Chemotherapy Induced Anemia Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.
Segment Covered in the Chemotherapy Induced Anemia Market:
By Disease Type: Mild Anemia, Moderate Anemia, Severe Anemia.
By Treatment Type: RBC Transfusions, Erythropoiesis-stimulating agents (ESAs), Iron Supplementation.
By Drug Type: Epogen Injection, Procrit Injection, Androxy Oral, Aranesp injection, Epoetin Alfa Injection, Others.
By End User: Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Cancer Research Centers, Cancer Rehabilitation Centers.
Regional Analysis for Chemotherapy Induced Anemia Market:
The regional analysis of the Chemotherapy Induced Anemia Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.
⇥ North America (U.S., Canada, Mexico)
⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)
⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)
⇥ South America (Colombia, Brazil, Argentina, Rest of South America)
⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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