Iron is one of the most important minerals present in the human body. It carries oxygen throughout the body through the blood, which is further utilized by cells and tissues to obtain energy for all important biological processes.
In addition, iron deficiency causes serious health problems such as anemia and affects adolescents’ mental or other memory functions. To overcome this problem, oral iron supplements are recommended to maintain iron levels in the body.
However, in some cases, oral administration cannot maintain iron levels in the body. In these cases, IV iron therapy is used, in which iron is injected directly into the body through a vein through a needle.
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The global market for IV iron drugs is categorized based on different product types and therapeutic areas. The product type segment is further subdivided into low molecular weight iron dextran, ferric gluconate, sucrose iron, and ferric carboxyl maltose. Ferric carboxymaltose is the fastest growing subsegment.
In addition, the therapeutic area segment includes nephrology, gynecology, gastroenterology, oncology, chronic heart failure and surgery. Nephrology represents the largest segment of IV iron and therapeutic use. In geographic analysis, North America is the largest market for IV iron, followed by Europe and Asia.
In North America, the United States is the largest market for IV iron. In Europe, Germany, France and the United Kingdom, it covers a major share of the IV iron preparation market.
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The global IV iron market is growing significantly as it improves the quality of non-dialysis treatments, increases the number of dialysis patients, increases the number of diabetics and the aging population worldwide.
In addition, increased cases of hypertension, increased investment in the healthcare sector and increased spending on healthcare are also supporting the growth of the IV iron market. In addition, dialysis clinics are gaining importance in the IV iron market as they form a very important customer group for intravenous iron. These types of dialysis clinics also control iron doses and attract patients for reliable and safe IV iron administration.
However, the strict regulations and side effects associated with IV iron products hinder market growth. Several government agencies, such as the FDA and the European Medicines Agency, have strict regulations on the approval and use of IV iron.
These approval processes are complex and time consuming, and all new drugs must meet the mandatory strict regulations. In addition, nausea, muscle cramps, vomiting, constipation, arthralgia, headache, back pain and cough are some of the main side effects of IV iron drugs.
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Major companies operating in the IV iron market include Actavis, Inc., AMAG Pharmaceuticals, Inc., Galenica Ltd. and Fresenius Medical Care AG & Co. There are KGaA, Vifor Pharma Ltd., American Regent, Inc. and Luitpold Pharmaceuticals. , Inc., Pharmacosmos A / S, Rockwell Medical Technologies, Inc. , And Sanofi.