Middle East & Africa Intravenous Iron Drugs Market Size & Outlook
Middle East & Africa intravenous iron drugs market, 2018-2030 (US$M)
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MEA intravenous iron drugs market highlights
- The MEA intravenous iron drugs market generated a revenue of USD 70.1 million in 2023.
- The market is expected to grow at a CAGR of 11.9% from 2024 to 2030.
- In terms of segment, ferric carboxymaltose was the largest revenue generating product in 2023.
- Ferric Carboxymaltose is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 70.1 million |
| Market revenue in 2030 | USD 154.1 million |
| Growth rate | 11.9% (CAGR from 2023 to 2030) |
| Largest segment | Ferric carboxymaltose |
| Fastest growing segment | Ferric Carboxymaltose |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Iron Dextran, Iron Sucrose, Ferric Carboxymaltose |
| Key market players worldwide | AbbVie Inc, Civitas Resources Inc Ordinary Shares, Daiichi Sankyo Co Ltd, Sanofi SA, CSL Ltd, COSMOS Pharmaceutical Corp, Zydus Lifesciences, Rockwell Medical Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 2.3% of the global intravenous iron drugs market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 819.2 million by 2030.
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Intravenous Iron Drugs Market Scope
Intravenous Iron Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa intravenous iron drugs market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to intravenous iron drugs market will help companies and investors design strategic landscapes.
Ferric carboxymaltose was the largest segment with a revenue share of 49.64% in 2023. Horizon Databook has segmented the Middle East & Africa intravenous iron drugs market based on iron dextran, iron sucrose, ferric carboxymaltose covering the revenue growth of each sub-segment from 2018 to 2030.
The major countries in the MEA market are South Africa, Saudi Arabia, the UAE, and Kuwait. The prevalence of anemia is high in this region due to a lack of proper nutrient intake and the high prevalence of diarrhea among children.
These factors are highly prevalent in developing economies in the region, generating major opportunities in IV iron drugs. Other factors, such as high prevalence of CKD, cancer, and IBD, can be attributed to the regional market’s high growth rate.
Furthermore, economic development witnessed in emerging markets, such as South Africa, and high unmet healthcare needs are some of the primary factors driving the growth of this market. However, ethical reasons, poor infrastructure, and affordability may hamper the market growth in this region.
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Our clientele includes a mix of intravenous iron drugs market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa intravenous iron drugs market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa intravenous iron drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA intravenous iron drugs market size, by country, 2018-2030 (US$M)
Middle East & Africa Intravenous Iron Drugs Market Outlook Share, 2023 & 2030 (US$M)
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