According to the latest report by IMARC Group “Erythropoietin Drugs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global erythropoietin drugs market size reached US$ 9.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 13.8 Billion by 2027, exhibiting a growth rate (CAGR) of 5.75% during 2022-2027.
Erythropoietin (EPO) represents a hormone secreted by kidneys, which stimulates red blood cell (RBC) production. Its deficiency may cause low hemoglobin levels and various other medical conditions. EPO drugs or EPO stimulating agents (ESAs) are produced synthetically by applying recombinant Deoxyribonucleic acid (DNA) technology. They are typically administered through the intramuscular route and absorbed by the bloodstream to prompt RBC production. EPO drugs are commonly given to patients undergoing chemotherapy, chronic renal failure, antiviral drug therapy, etc.
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The increasing number of individuals with anemia due to cancer, chronic kidney disease (CKD), prematurity, etc., is primarily driving the demand for EPO drugs. Moreover, these drugs are also used for treating zidovudine among patients with human immunodeficiency virus (HIV) infection. Additionally, with the growing geriatric population across the globe, there is an elevating requirement for surgical interventions, which is encouraging product use for minimizing allogeneic blood transfusions after surgical procedures. Furthermore, the rising utilization of ESAs as a novel therapeutic agent for research purposes is also expanding their applications in treating numerous conditions, such as spinal cord injury (SCI), diabetes, acute kidney injury (AKI), etc. Apart from this, the increasing popularity of minimally invasive (MI) procedures is anticipated to further bolster the EPO drugs market over the forecasted period.
Breakup by Drug Class:
Breakup by Product Type:
Breakup by Application:
- Kidney Disorder
Breakup by End User:
- Specialty Clinics
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Amgen Inc.
- Biocon Limited
- Dr. Reddy’s Laboratories Ltd.
- F. Hoffmann-La Roche AG
- Intas Pharmaceuticals Ltd.
- Johnson & Johnson
- LG Chem Ltd.
- Pfizer Inc.
- Sun Pharmaceutical Industries Limited
- Teva Pharmaceutical Industries Ltd.
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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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