Global Erythropoietin (EPO)Drugs Market is expected to
reach USD 17.4 billion by 2025, according to a new report by Grand View
Research, Inc. Rising incidence of chronic diseases such as CKD and cancer
resulting in anaemia is a major growth driver of this market.
According to the statistics published by
the National Heart, Lung, and Blood Institute of the U.S. Department of Health
& Human Services, over 3 million people are affected by anemia every year
and this number is expected to increase over the forecast period. This
showcases the need for erythropoietin-stimulating agents in the coming years.
Introduction of novel drugs and their
cheaper biosimilar formulations with enhanced efficacy and cost-effectiveness
is also expected to serve this industry with lucrative opportunities. For
instance, development of numerous biosimilars in the European market is
expected to gain traction and increase their usage rates, owing to associated
benefits such as less time required for approval, cost-efficiency, and enhanced
therapeutic effect.
Companies are involved in extensive R&D
initiatives for development of innovative molecules and discovering new
therapeutic areas for existing drugs. For instance, in April 2016, Sandoz
received approval from the European Commission for use of its biosimilar
Binocrit in nephrology indications, thereby extending the therapeutic area of
its product portfolio.
Moreover, many of the industry players in
the U.S., Europe, and Asia Pacific are involved in the development of new
biosimilars. For example, Biocon’s subsidiary Syngene International entered
into an agreement with Bristol-Myers Squibb to extend their drug discovery and
development program in India. This enables Biocon to enhance its erythropoietin
drugs portfolio. Expected product approvals in the coming years are anticipated
to fuel market growth.
Full Research Report on Global Erythropoietin
Drugs Market Analysis:
http://www.grandviewresearch.com/industry-analysis/erythropoietin-epo-drugs-market
http://www.grandviewresearch.com/industry-analysis/erythropoietin-epo-drugs-market
Further key findings from the study
suggest:
- The biologics segment is declining over the forecast period
owing to patent expiration of branded biologics and introduction of
biosimilars in the market
- The patent for Aranesp (darbepoetin-alfa) will expire in 2024
in the U.S. and is expected to provide numerous future growth
opportunities for new market entrants
- Epoetin-alfa held the largest share of product segment owing to
its early introduction in the U.S. market and patent protection
- Epoetin-omega and epoetin-zeta are anticipated to exhibit
lucrative growth over the forecast period owing to associated benefits
such as longer half-life and enhanced therapeutic effects
- Use of erythropoietin drugs for treatment of renal diseases
held a dominant share as of 2016 owing to the increasing incidence of
chronic kidney diseases
- The Asia Pacific regional industry for
erythropoietin-stimulating agents is expected to witness lucrative CAGR
during the forecast period
- Industry participants are focusing on the discovery of new
therapeutic areas for existing drugs and development of cost-effective
biosimilars, thereby increasing R&D activities for the development of
erythropoietin drugs.
View
more reports of this category by Grand View Research at: http://www.grandviewresearch.com/industry/pharmaceuticals
Grand
View Research has segmented the Global Erythropoietin (EPO) Drugs Market on the
basis of the drug class, product, application, and region:
Erythropoietin Drugs Drug class Outlook
(Revenue, USD Million, 2014 - 2025)
- Biologics
- Biosimilar
Erythropoietin Drugs Product Outlook
(Revenue, USD Million, 2014 - 2025)
- Epoetin-alfa
- Epoetin-beta
- Darbepoetin-alfa
- Others
Erythropoietin Drugs Application Outlook
(Revenue, USD Million, 2014 - 2025)
- Cancer
- Hematology
- Renal Diseases
- Neurology
Erythropoietin Drugs Regional Outlook
(Revenue, USD Million, 2014 - 2025)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-erythropoietin-epo-drugs-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com