Deferasirox Market Scope
Deferasirox Is A Prescription Medication. Approved By The United States FDA (Food And Drug Administration), Deferasirox Belongs To A Class Of Drugs Known As Iron-Chelating Agents. Deferasirox Is An Iron Chelator That Is Clinically Approved And Effective For Long-Term Iron Chelation Therapy In Beta-Thalassemia And Other Iron Overload Cases. This Medication Is Used To Treat High Levels of Iron In The Body Caused By Multiple Blood Transfusions Or Blood Disorders. It Works By Binding To Iron, Allowing The Body To Pass Extra Iron Out In The Stool
According to AMA, the Global Deferasirox market is expected to see growth rate of 7.2%
The market for Deferasirox is moderately fragmented with the presence of many manufacturers worldwide. The companies for Deferasirox may be involved in implementing strategies like mergers, acquisitions, collaborations, and new improved product launches to increase their market share. An increase in the market of Deferasirox can be predicted due to the prevalence of chronic medicals conditions like thalassemia worldwide Research Analyst at AMA estimates that United States, European and Indian Players will contribute to the maximum growth of Global Deferasirox market throughout the predicted period.
Novartis International AG (Switzerland), Taro Pharmaceutical Industries Ltd. (Canada), Cadila Healthcare (India), Cipla Limited (India), Bioprofarma Bagó (Argentina), Sun Pharma Laboratories Ltd (India), Teva Pharmaceutical Industries (Israel), Dr Reddy's Laboratories (India), Globela Pharma Pvt Ltd (India), Biocon Limited (India), Alembic Pharma (India) and Glenmark Pharmaceuticals Ltd. (India) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Deferasirox market by Type (Tablets, Suspension, Granules and Others), by Application (Transfusional Iron Overload, Non-Transfusional Iron Overload and Others) and Region with country level break-up.
On the basis of geography, the market of Deferasirox 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).
In January 2020, Glenmark Pharmaceuticals Inc., USA (Glenmark) was granted final approval by the United States Food & Drug Administration (USFDA) for Deferasirox tablets for oral suspensions
Market Trend
- New Generation Deferasirox Medications That Intends To Minimize The After-Effects Of Long Term Medication Intake
Market Drivers
- The Presence of A Large Pediatric Population Globally Suffering From Chronic Iron Overloads Or Hemochromatosis Has Contributed To The Widespread Usage of Deferasirox
- The Prevalence of Patients Suffering From Anemia Requiring Affordable Medications
Opportunities
- Due To Affordability, Deferasirox Offers A Boost To The Iron Overload Treatment Pharmaceutical Segment
- The Surge In Research And Development In The Pharmaceutical Sector May Offer Improved Variants of Deferasirox That Reduce Drugs’ Side Effects
Restraints
- The Presence of Other Iron-Chelating Medications Like Deferoxamine And Deferiprone May Limit The Market of Deferasirox
Challenges
- Although The Treatment With Deferasirox Is Effective, Long Term Intake Can Cause Damages To Lungs And Kidneys And They Frequently Have A Negative Impact On Patient's Quality of Life
Key Target Audience
Pharmaceutical Companies, Pharmacy Chains/Drug Stores, Drug Suppliers/Traders, Drug Exporters/Importers, Investors, Regulatory and Government Bodies, Upstream Vendors, Downstream Vendors and Others