The global IV iron drugs market to grow at a CAGR of 10.46% during the period 2017-2021.
The report, Global IV Iron Drugs Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
According to the report, the market has witnessed a shift from conventional dextran intravenous iron drugs to non-dextran intravenous iron drugs. The increased demand for these drugs is attributed to their ability to deliver larger doses of iron in a short time. Furthermore, ferric carboxymaltose is preferred over iron polymaltose for outpatients as it can be managed easily. Injectafer/Ferinject is the first non-dextran product indicated for the treatment of anemia. This drug is manufactured and marketed by Galenica (outside the US and Canada) and Daiichi Sankyo (the US and Canada). Galenica's Ferinject reported sales of $261.14 million in 2015, indicating an increase of 26.8% over that in previous fiscal year.
Daiichi Sankyo's Injectafer posted sales of $155 million in 2015, reflecting a YoY growth of 124.6%. Injectafer/Ferinject addresses challenges such as intolerance or unsatisfactory response, safety concerns, and dosing and compliance issues associated with conventional iron therapies. Injectafer/Ferinject contains ferric carboxymaltose, which is a stable complex and possesses very low immunogenic potential. Therefore, it does not pose the risk of anaphylactic reactions. Furthermore, these drugs allow the administration of large doses in a single and rapid session without the requirement of a test dose. Such advantages will drive the adoption of non-dextran therapies for the treatment of anemia.