About Erythropoietin Stimulating Agents
The process of producing red blood cells is known as erythropoiesis. A hormone called erythropoietin, which is released by the kidneys and stimulates the bone marrow to make more blood cells, starts the process. Erythropoietin stimulating drugs are pharmaceuticals that work in the same way as erythropoietin to increase the number of blood cells in the body. Anemia can be caused by a range of medical illnesses, including cancer, blood disorders, neurological disorders, chronic renal disease, HIV, and others.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market for Erythropoietin Stimulating Agents is fiercely competitive, with both worldwide and local players. Amgen, Thermos Fisher Scientific, Johnson & Johnson, F. Hoffmann-La Roche, and Pfizer Inc. are among the market's major participants. Several pharmaceutical companies are developing and producing ESAs after patents expire, and they are forming strategic alliances, such as acquisitions and collaborations, to expand their product portfolio globally. In addition, the report will include an in-depth analysis of major market strategies such as new product development/launch, mergers and acquisitions, partnerships, collaborations and joint ventures, research and development, and regional expansion. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Amgen Inc. (United States), F. Hoffmann La Roche Ltd (Switzerland), Thermo Fisher Scientific (United States), Johnson and Johnson (United States), Pfizer Inc. (United States), BioSidus (Argentina), Biocon (India), Celltrion (South Korea), Roche (Switzerland), Intas Pharmaceuticals (India) and Teva Pharmaceutical Industries (Israel) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Erythropoietin Stimulating Agents market by Type (Erythropoietin, Epoetin alfa (Procrit, Epogen), Epoetin beta, Epoetin zeta (Silapo, Retacrit), Darbepoetin alfa, Methoxy polyethylene glycol-epoetin beta and Others), Application (Cancer, Hematology, Kidney Disorder, Renal Disorders, Anti-retroviral Treatment, Neural Diseases and Other) and Region.
On the basis of geography, the market of Erythropoietin Stimulating Agents has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-User, the sub-segment i.e. Hospital will boost the Erythropoietin Stimulating Agents market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers:
Increasing Incidences of Chronic Kidney Disease and Cancer and Increase in Production of Biosimilar Drugs Globally
Challenges:
Strict government regulation in the market
Restraints:
Side Effects Associated with Erythropoietin Stimulating Agents to Restrict the Market Growth
Opportunities:
Emerging Countries for Biosimilar Erythropoietin Stimulating Agents and Increasing Drug manufacturers in the developing countries
Market Leaders and their expansionary development strategies
In September 2019, The Darbepoetin Alfa BS Injection JCR, a long-acting erythropoiesis-stimulating agent, was approved in Japan by JCR Pharmaceuticals Co., Ltd. and Kissei Pharmaceutical Co., Ltd. The Phase III trial showed similar safety profiles and equivalency in efficacy and safety when compared to Darbepoetin alpha (innovator product)
In July 2020, PT Kalbe Genexine Biologics has started a Phase III clinical trial of Efepoetin Alfa for the treatment of anemia associated with chronic renal disease patients who are not on dialysis. and In Feb 2020, At Samsung Medical Center, a multicentre randomized study on the efficacy of Ferinject, an intravenous iron injection, in cancer patients with anemia has begun.
Key Target Audience
Industry Association, Downstream Vendors, Marketing & Consulting firms, Venture Capitalists, Government & Regulatory Bodies and Investors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.