Ascend in pervasiveness of malignant growth, HIV, iron deficiency, and kidney sicknesses, flood in degree of mindfulness about the advantages of EPO therapeutics, and commercialization for erythropoietin biosimilars drive the development of the worldwide erythropoietin drugs market. Notwithstanding, longer span of treatment, exorbitance of therapeutics, and unfriendly measure of incidental effects frustrate the market development. Going against the norm, the commercialization of darbepoetin alfa biosimilar and accomplishing economies of scale across created locales are supposed to open rewarding open doors for the market players later on.
The global erythropoietin drugs market size was valued at $9,243.12 million in 2020, and is projected to reach $14,414.59 million by 2028, registering a CAGR of 5.7% from 2021 to 2028.
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Covid-19 scenario:
- The outbreak of Covid-19 disrupted the workflow in the healthcare sector as the rapid spread of coronavirus forced several industries to shutdown temporarily.
- However, the pandemic had a positive effect on the demand for medical services including erythropoietin.
- As erythropoietin is used to treat anemia and can be effective against Covid-19, which boosted its demand. Moreover, it has anti-ischemic, anti-apoptotic, and regenerative effects in several tissues such as kidney, lungs, nervous system, retina, and pancreas. Thus, it can be used to treat critically ill patients.
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Key Findings Of The Study
- On the basis of product, the epoetin-alfa held largest share in the global erythropoietin drugs market in 2020.
- On the basis of application, the kidney disorders held the largest erythropoietin drugs market share in 2020, and is expected to remain dominant throughout the forecast period.
- By region, North America is expected to experience growth at the highest rate, during the forecast period.
By Region Outlook
- North America (U.S., Canada)
- Europe (France, Germany, UK, Italy, Spain, Netherlands, Russia)
- Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
- Latin America (Brazil, Mexico, Argentina)
- Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)
Important Questions Being Answered by the Market Report
- What is the erythropoietin drugs market size and growth?
- What are the prominent and latest trends impacting the market?
- Which regions will observe growth on new occasions?
- Which players are adopting a functioning and planned framework to obtain customer loyalty?
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