Folate deficiency anemia drugs are the pharmaceuticals developed for the treatment of folic acid deficiency in patients which subsequently results in causing folate deficiency anemia. It is caused due to the lack of folic acid presence in the blood of patients. Patients suffer from lack of formulation of blood cells and the enhanced size of blood cells that are produced by the body. The drugs developed for the treatment of this condition are generally nutritional supplements that can provide the lack of folic acid and other nutritional content that is missing from the body.
Folate deficiency anemia drug market is growing due to prevalence of inflammatory bowel disease worldwide, increase cases of kidney disorders where dialysis is predominant treatment; the effects of these factors are mentioned below:
Some of the key market developments are as follows:
The market is segmented on the basis of type as dietary folate deficiency anemia, drug-induce folate deficiency anemia, unspecified folate deficiency anemia, others; treatment type is categorized into medication, dietary supplements; drug type as vitamin B12 injections, iron deficiency replacement drugs; route of administration as oral, injectable; end-users as hospitals, homecare, specialty clinics, others.
“According to Data Bridge Market Research, global folate deficiency anemia drug market is expected to be growing with a substantial CAGR during the forecast period of 2019 to 2026”
Some of the major players operating in market are GlaxoSmithKline plc, Eli Lilly and Company, Merck KGaA, bluebird bio, Inc, Biocon, GlycoMimetics, Regen BioPharma Inc, Bayer AG, Acceleron Pharma, Inc., Johnson & Johnson Services, Inc., F. Hoffmann-La Roche Ltd, Pfizer Inc, Merck & Co., Inc, Novartis AG, Teva Pharmaceutical Industries Ltd., AMAG Pharmaceuticals, Akebia Therapeutics, Vifor Pharma Management Ltd, Omeros Corporation, PHARMACOSMOS A/S, Helsinn Healthcare SA, and many others.
Due to the lack of major market players that have a global presence in the industry and dealing in the treatment of folate deficiency anemia drug, many of the manufacturers have initiated strategic alliances with other market players having presence in the geographical regions different from theirs. They have also been focusing on better development practices and research activities in collaboration with different market players, which combines different technologies to provide an enhanced platform.
Global Folate Deficiency Anemia Drug Market – Industry Trends and Forecast to 2028