Global Iron Deficiency Anemia Market - 2025-2032

The global iron deficiency anemia market reached US$ 4.39 billion in 2024 and is expected to reach US$ 7.33 billion by 2032, growing at a CAGR of 6.8 % during the forecast period 2025-2032.

The global iron deficiency anemia (IDA) market encompasses the sector dedicated to the diagnosis, treatment, and management of iron deficiency anemia, a condition characterized by inadequate iron levels in the body. This deficiency leads to decreased hemoglobin production and impaired oxygen transport throughout the body. The market includes various therapies, such as oral and parenteral iron supplements, diagnostic tools, and healthcare services aimed at addressing this widespread health issue.

Iron deficiency anemia occurs when the body lacks sufficient iron to produce adequate hemoglobin, which is the protein in red blood cells responsible for carrying oxygen. This condition can manifest through symptoms such as fatigue, weakness, pale skin, and shortness of breath. It is particularly prevalent among vulnerable populations, including women of reproductive age, children, and individuals with chronic illnesses. These factors have driven the global iron deficiency anemia market expansion.

Market Dynamics: Drivers & Restraints

Increasing Prevalence of Iron Deficiency Anemia

The increasing prevalence of iron deficiency anemia (IDA) serves as a significant driver for the global iron deficiency anemia market, impacting its growth and evolution. Insufficient dietary iron intake remains a primary cause of IDA. Many populations, particularly in developing regions, lack access to iron-rich foods, leading to increased cases of anemia. Poor dietary habits that do not prioritize iron sources further contribute to the rising prevalence.

According to the National Center for Biotechnology Information (NCBI) research study data in January 2022, the World Health Organization (WHO) has recognized iron deficiency anemia (IDA) as the most prevalent nutritional deficiency globally, affecting approximately 30% of the population. While IDA is particularly common among children and women, adult men are also at risk, especially depending on their socioeconomic status and health conditions.

The primary causes of IDA include gastrointestinal (GI) bleeding and menstruation in women, but decreased dietary iron intake and absorption also significantly contribute to the condition. IDA affects a substantial portion of the global population, with estimates suggesting that around 1.92 billion people were anemic in 2021. This includes a notable prevalence among women of reproductive age and young children, particularly in regions like sub-Saharan Africa and South Asia.

Furthermore, key players in the industry initiatives and product launches that would drive this global iron deficiency anemia market growth. For instance, In November 2022, the Kerala government implemented significant measures to address iron deficiency anemia (IDA) among women by developing a comprehensive plan aimed at sustaining hemoglobin (Hb) levels at 12 mg/dL. This initiative comes in response to concerning findings from the National Family Health Survey (NFHS-5), which revealed that approximately 57% of women aged 15 to 49 in India are anemic, with even higher rates observed in rural areas.

Also, in June 2023, the U.S. Food and Drug Administration (FDA) approved ferric carboxymaltose injection, marketed as Injectafer, for the treatment of iron deficiency in adult patients with heart failure. This approval is particularly significant as it establishes Injectafer as the first and only intravenous (IV) iron replacement therapy specifically indicated for this patient population. All these factors demand the global iron deficiency anemia market.

Moreover, the rising demand for the growth of untapped emerging markets contributes to the global iron deficiency anemia market expansion.

Side Effects Associated with Therapies

Iron deficiency anemia (IDA) poses a significant global health challenge, and the market for its therapies is shaped by various factors, particularly the side effects associated with treatment options. Understanding these side effects is essential for improving patient compliance and ensuring effective treatment strategies.

Oral iron supplements are widely used but frequently lead to gastrointestinal side effects that can limit their effectiveness. Common adverse effects include nausea, constipation, diarrhea, abdominal discomfort, and dark-colored stools. These gastrointestinal issues contribute to poor adherence, with studies indicating that up to 50% of patients may discontinue therapy due to such side effects.

Intravenous (IV) iron therapies, such as ferric carboxymaltose and iron sucrose, serve as alternatives for patients intolerant to oral iron. Allergic reactions, although rare, can necessitate administration in a controlled environment. Thus, the above factors could be limiting the global iron deficiency anemia market's potential growth.

Segment Analysis

The global iron deficiency anemia market is segmented based on therapy type, age group, end-user, and region.

Therapy Type:

The parenteral iron therapy segment is expected to dominate the global iron deficiency anemia market share

The parenteral iron therapy segment holds a major portion of the global iron deficiency anemia market share and is expected to continue to hold a significant portion of the global iron deficiency anemia market share during the forecast period.

The parenteral iron therapy segment is integral to the global iron deficiency anemia (IDA) market, particularly for patients who cannot tolerate oral iron supplements. This segment encompasses several key products including ferric carboxymaltose, ferumoxytol, iron sucrose, and iron dextran. Each of these therapies has distinct characteristics and implications for the market.

Ferric carboxymaltose is a modern intravenous iron formulation designed for rapid administration and higher dosing in a single session. It is especially beneficial for patients with chronic kidney disease or those undergoing dialysis. Ferumoxytol is another intravenous iron therapy notable for its unique formulation that allows for rapid infusion without requiring test doses.

Iron Sucrose is a well-established intravenous iron therapy frequently used in patients with chronic kidney disease. Iron Dextran is one of the earliest intravenous iron formulations. While effective, it requires careful administration due to potential allergic reactions.

Furthermore, key players in the industry product launches would drive this segment's growth in the global iron deficiency anemia market. For instance, In November 2024, Cadila Pharmaceuticals launched Militol, an iron supplement specifically designed to address the pressing issue of iron deficiency in India. These factors have solidified the segment's position in the global iron deficiency anemia market.

Geographical Analysis

North America is expected to hold a significant position in the global iron deficiency anemia market share

North America holds a substantial position in the global iron deficiency anemia market and is expected to hold most of the market share.

Iron deficiency anemia remains one of the most common blood disorders in North America, affecting millions. According to the National Heart, Lung, and Blood Institute, over 3 million Americans are diagnosed with anemia, significantly increasing the demand for effective treatment options.

There is a growing focus on women's health issues, particularly among pregnant women and those experiencing menstrual disorders. This heightened awareness has led to more frequent screenings and diagnoses of IDA, further contributing to market growth. Innovations in iron therapies, including new formulations and delivery methods, have enhanced treatment efficacy and safety profiles. Parenteral iron therapies such as Ferric carboxymaltose and Ferumoxytol are gaining traction due to their rapid administration capabilities and reduced risk of allergic reactions.

Increased investment in healthcare infrastructure supports the adoption of advanced therapies for IDA. This includes funding for research and development that enhances available treatment options for patients. Various government programs aimed at reducing the burden of anemia contribute to market expansion. These initiatives often emphasize education, screening programs, and subsidized treatments for vulnerable populations.

Furthermore, key players in the industry have innovative product launches and approvals that would drive this global iron deficiency anemia market growth. For instance, in October 2024, Seaford Pharmaceuticals launched the "Iron Will" awareness campaign aimed at combating iron deficiency and iron deficiency anemia (IDA) in Canada. This national initiative seeks to educate Canadians about the critical role of iron in overall health and provide practical solutions to address iron deficiency, particularly among vulnerable populations.

Also, in August 2024, Kye Pharmaceuticals announced the approval of ACCRUFeR (ferric maltol) in Canada for the treatment of iron deficiency anemia (IDA) in adult patients. This marks a significant milestone as ACCRUFeR becomes the first prescription-only oral iron therapy approved by Health Canada, specifically indicated for adults who are unresponsive to or intolerant of other oral iron preparations. Thus, the above factors are consolidating the region's position as a dominant force in the global iron deficiency anemia market.

Asia Pacific is growing at the fastest pace in the global iron deficiency anemia market share

Asia Pacific holds the fastest pace in the global iron deficiency anemia market and is expected to hold most of the market share. Iron deficiency poses a significant public health challenge in India, affecting nearly 60% of women and 25% of men, as highlighted by the National Family Health Survey (NFHS-5). The prevalence of iron deficiency anemia is particularly alarming among women of reproductive age, with approximately 57% affected. This deficiency can lead to a range of health issues, including fatigue, impaired cognitive function, weakened immunity, and ultimately, anemia.

To address these risks associated with iron deficiency, Militol has been developed to support optimal iron levels in the body. By targeting these common health concerns, Militol aims to improve overall well-being and prevent the adverse effects linked to inadequate iron intake.

Furthermore, major players in the industry's key initiatives propel this global iron deficiency anemia market growth. For instance, in February 2024, Emcure Pharmaceuticals introduced the 'Unmask Anemia' initiative, designed to assist women in assessing their risk of iron deficiency anemia (IDA) through a straightforward online self-test. This initiative is particularly vital as iron deficiency is one of the leading causes of anemia, and Indian women have the highest prevalence of this condition globally. Thus, the above factors are consolidating the region's position as the fastest-growing force in the global iron deficiency anemia market.

Competitive Landscape

The major global players in the iron deficiency anemia market include Daiichi Sankyo, Inc., Covis Pharma GmbH., Akebia Therapeutics, Inc., PHARMACOSMOS A/S, AbbVie., Shield Therapeutics plc, GSK plc, Rockwell Medical, Inc., Kye Pharmaceuticals, Inc., and Cadila Pharmaceuticals among others.

Key Developments

• In October 2024, P&G Health India, in partnership with the Federation of Obstetric and Gynaecological Societies of India (FOGSI), launched the '12 Ka Naara' campaign to combat the prevalent issue of iron deficiency anemia (IDA) in India. This initiative is particularly important given the alarming data from the National Family Health Survey (NFHS-5), which reveals that around 57% of Indian women suffer from anemia, often remaining unaware of their condition until it becomes severe.

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