Chemotherapy Induced Anemia Market Expected to Reach $5 Billion by 2032 | Big Corps Trends and Strategy Analysis
Chemotherapy induced anemia market size was valued at $2.7 billion in 2022, and is estimated to reach $5.0 billion by 2032, growing at a CAGR of 6.3% from 2023 to 2032. Chemotherapy-induced anemia (CIA) is a common side effect of chemotherapy. CIA occurs when chemotherapy drugs damage or destroy red blood cells, which are responsible for carrying oxygen throughout the body. As a result, patients with CIA may experience symptoms such as fatigue, shortness of breath, dizziness, and weakness. CIA can be managed through a variety of treatments, including erythropoiesis-stimulating agents (ESAs), which are medications that stimulate the production of red blood cells. ESAs can help to improve symptoms of anemia in cancer patients undergoing chemotherapy. Other treatments for CIA are blood transfusions and iron supplements.
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
Dr. Reddyโs Laboratories Ltd., Pfizer Inc., F. Hoffmann-La Roche Ltd., Bristol-Myers Squibb Company, Novartis AG, Johnson & Johnson, Astellas Pharma Inc., Amgen Inc., FibroGen, Inc., 3SBio Group
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The chemotherapy induced anemia market share is segmented on the basis of grade, treatment, end user, and region. On the basis of grade, the market is classified into grade 1, grade 2, and grade 3 & 4. As per treatment, the market is segmented into blood transfusion, erythropoietin-stimulating agents, and iron & other supplements. On the basis of end user, the market is divided into hospitals, cancer centers, and others (cancer research center, cancer rehabilitation center, and home use).
Region wise, the chemotherapy induced anemia market analysis across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
On the basis of grade, the grade 1 segment dominated the market in 2022, and is the fastest growing segment during the forecast period. This is attributed to early diagnosis of grade 1 chemotherapy induced anemia in cancer patients and rise in awareness about early management of chemotherapy induced anemia. On the basis of treatment, the erythropoietin-stimulating agents segment dominated the market in 2022 and is the fastest growing segment during the forecast period. As it is highly effective at increasing red blood cell production and improving hemoglobin levels in patients with anemia and it is convenient to use by home bound patients.
As per end user, the hospital segment dominated the global market in 2022 and is expected to be the fastest growing segment during the forecast period. This is attributed to the rise in incidences of cancer and many hospitals offer insurance coverage for cancer patients.
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The COVID-19 pandemic has created several challenges for the chemotherapy induced anemia market size, such as disruption in the supply chains of many pharmaceutical companies, leading to shortages of therapeutic drugs and delaying the R&D activities new products. In addition, the pandemic has forced many healthcare facilities to prioritize COVID-19 patients, this has led to delays in the diagnosis and treatment of other medical conditions, including cancer.
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