Erythropoietin Drugs Market Size to Surpass US$ 14.5 Billion by 2028 at 5.65% CAGR

IMARC Group has recently released a new research study titled "Erythropoietin Drugs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", The global erythropoietin drugs market size reached US$ 10.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 14.5 Billion by 2028, exhibiting a growth rate (CAGR) of 5.65% during 2023-2028. This report can serve as an excellent guide for investors, researchers, consultants, marketing strategists and all those who are planning to foray into the market in any form.

Erythropoietin (EPO) or hematopoietin is produced by the kidneys and is responsible for stimulating the production of red blood cells (RBCs) in the body. A deficiency of EPO can lead to low levels of hemoglobin and several medical conditions. As a result, there is a growing demand for EPO drugs, which are also known as EPO stimulating agents (ESAs) and are produced artificially using recombinant deoxyribonucleic acid (DNA) technology. They are typically administered intramuscularly and released into the bloodstream to trigger the production of RBCs. Owing to these properties, erythropoietin drugs are utilized in varying dosages and delivery modes across home care, specialty clinics, and hospitals across the globe.

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Erythropoietin Drugs Market Trends and Drivers:

The market is primarily driven by the increasing incidences of chronic diseases such as cancer, neurological disorders, acquired immunodeficiency syndrome (AIDS), and kidney problems. In addition, the increasing product application to treat anemic conditions induced by end-stage renal disease (ESRD), antiretroviral treatments (ART), chemotherapy, and radiotherapy is contributing to the market growth. Moreover, various governments are taking initiatives to incentivize research on chronic diseases by providing grants, drug exclusivity, tax credits, and fee waivers to create novel erythropoietin drug products representing another major growth-inducing factor. Besides this, the widespread adoption of EPO to treat critically ill patients due to their anti-apoptotic, anti-ischemic, and regenerative effects in various tissues, such as the nervous system, lungs, kidneys, pancreas, and retina, is accelerating the product adoption rate. Furthermore, the surging demand for EPO in chemotherapy cycles, the increasing prevalence of end-stage renal diseases (dialysis), and the recent repurposing of EPO drugs for treating diabetes mellitus (DM) are also creating a positive market outlook.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Drug Class:

• Biologics
• Biosimilars

Breakup by Product Type:

• Epoetin-alfa
• Epoetin-beta
• Darbepoetin-alfa
• Others

Breakup by Application:

• Hematology
• Kidney Disorder
• Cancer
• Others

Breakup by End User:

• Hospitals
• Homecare
• Specialty Clinics
• Others

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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