Iron Deficiency Anemia Market to Grow with a CAGR of 6.68% through 2030
Growing
awareness about anemia management and advancements in intravenous iron
formulations, is expected to drive the Global Iron Deficiency Anemia Market
growth in the forecast period, 2026-2030
According to
TechSci Research report, “Iron Deficiency Anemia Market – Global Industry
Size, Share, Trends, Competition Forecast & Opportunities, 2030F”,
the Global Iron Deficiency Anemia Market stood at USD 5.14 Billion in
2024 and is expected to reach USD 7.59 Billion by 2030 with a CAGR of 6.68% during
the forecast period. Iron deficiency anemia (IDA) is a widespread and often
underestimated health concern, affecting millions of people globally. It occurs
when the body lacks sufficient iron to produce an adequate supply of red blood cells,
leading to symptoms such as fatigue, weakness, and pallor. The global iron
deficiency anemia market has witnessed significant growth in recent years,
driven by various market drivers that have shaped the landscape of diagnostics,
treatments, and supportive care measures. One
of the primary drivers of the global iron deficiency anemia market is the
increasing prevalence of the condition. Iron deficiency anemia is prevalent
across all age groups, from infants to the elderly, and can affect both developed
and developing countries. Factors such as poor dietary habits, gastrointestinal
disorders, and menstrual blood loss contribute to the high incidence of IDA.
The growing awareness of this condition among healthcare professionals and the
general population has led to more individuals being screened and diagnosed,
driving the demand for diagnostic tools and treatments.
The development
of sophisticated diagnostic tools has played a pivotal role in the growth of
the iron deficiency anemia market. Accurate and timely diagnosis is essential
for effective management. Traditional methods like blood tests for hemoglobin
and serum ferritin levels have been complemented by advanced techniques such as
bone marrow aspiration, iron studies, and genetic testing. These innovations
enable healthcare providers to identify the underlying causes of IDA and tailor
treatment plans accordingly. Furthermore, point-of-care testing (POCT) devices
and home-based test kits have made it easier for patients to monitor their iron
status, contributing to early intervention and improved outcomes. Public
awareness campaigns and educational initiatives have been instrumental in
boosting the global iron deficiency anemia market. Healthcare organizations,
government agencies, and non-profit organizations have been actively promoting
awareness about IDA, its risk factors, and the importance of regular
screenings. These efforts have led to more individuals seeking medical
attention for their symptoms and a greater emphasis on preventive measures. As
a result, healthcare professionals are better equipped to diagnose and manage
IDA effectively.
Innovations in treatment options have expanded the therapeutic arsenal available to healthcare providers, driving the iron deficiency anemia market. Iron supplementation remains a cornerstone of IDA management, with various formulations such as oral iron supplements and intravenous iron preparations. These formulations offer improved tolerability and convenience for patients. Furthermore, erythropoiesis-stimulating agents (ESAs) have been developed to stimulate the production of red blood cells in certain cases, reducing the need for blood transfusions, which are typically reserved for severe cases.
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"Global Iron Deficiency Anemia Market”
The Global Iron
Deficiency Anemia Market is segmented into therapy type, therapy areas, end user, regional distribution, and company.
Based on the Therapy Type, Oral Iron Therapy emerged as the fastest growing segment in the Global Iron Deficiency Anemia Market during the forecast period. This is driven by increasing patient preference, ease of administration, and advancements in iron formulations. Oral iron supplements, including ferrous sulfate, ferrous fumarate, and ferric maltol, are widely used due to their affordability and availability over-the-counter and via prescription. One of the key factors fueling this growth is the rising global burden of iron deficiency anemia, particularly among women, children, and elderly populations. The World Health Organization (WHO) estimates that anemia affects approximately 30% of women aged 15–49 years, highlighting the growing demand for accessible treatment options. Additionally, government initiatives promoting anemia management, such as iron fortification programs and awareness campaigns, further drive market expansion.
Based on the Region, Asia-Pacific emerged as the fastest growing region in the Global Iron Deficiency Anemia Market during the forecast period. The region has witnessed significant advancements in diagnostic capabilities, with a growing number of hospitals and laboratories integrating modern hematology analyzers, point-of-care testing (POCT) devices, and artificial intelligence (AI)-based diagnostics for early detection and management of anemia. Furthermore, the expansion of telemedicine services in rural and underserved areas has improved patient access to IDA screening and treatment, leading to higher diagnosis rates and early interventions. Favorable regulatory policies, increased foreign direct investments (FDIs) in healthcare, and the rise of generic drug manufacturing have made iron deficiency anemia treatments more accessible and affordable in the region.
Major companies
operating in Global Iron Deficiency Anemia Market are:
- Daiichi Sankyo Company
- Novartis AG
- Rockwell Medical Inc
- Iron4u Aps
- AbbVie Inc
- Sanofi
- Disc Medicine Inc
- Pfizer Inc
- Akebia Therapeutics
- Keros Therapeutics Inc
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“The Global Iron
Deficiency Anemia Market is expanding due to the increasing adoption of
artificial intelligence (AI) in anemia diagnostics, which enhances early
detection and personalized treatment approaches. AI-powered tools analyze
hematological parameters with greater accuracy, minimizing diagnostic errors
and enabling timely interventions. These advanced technologies improve
efficiency in screening programs, particularly in remote and underserved
regions where healthcare access is limited. By automating data interpretation,
AI reduces the burden on healthcare professionals while facilitating faster and
more precise diagnosis. As AI-driven solutions continue to evolve, their role
in optimizing anemia management is expected to drive significant market growth.,”
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Iron Deficiency Anemia
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast,
Segmented By Therapy Type (Oral Iron Therapy, Parenteral Iron Therapy, Red
Blood Cell Transfusion, Others), By Therapy Areas (Obstetrics and Gynecology,
Oncology, Congestive Heart Failure (CHF), Inflammatory Bowel Disease, Renal,
Others), By End User (Hospitals & Clinics, Ambulatory Care Centers,
Others), By Region and Competition, 2020-2030F”, has evaluated
the future growth potential of Global Iron Deficiency Anemia Market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Iron Deficiency Anemia Market.
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