During the projected period, the market in Asia Pacific is expected to develop at the quickest rate. This can be ascribed to prominent players’ geographic expansion in Asia Pacific countries, as well as the development of healthcare infrastructure and government efforts. Furthermore, the growing frequency in rising economies like China and India has aided industry expansion. In 2020, Europe had the second-largest revenue share in the market for Iron Transfusion, and it is expected to increase rapidly throughout the forecast period.
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Top Key Players Included in Iron Transfusion Market Report: Allergan, Inc., Daiichi Sankyo Company, Ltd., Rockwell Medical Technologies, Inc., AMAG Pharmaceuticals. Inc., Sanofi, Fresenius Medical Care AG & Co., Vifor Pharma Management Ltd., Pharmacosmos A/S, Shield Therapeutics Plc, and American Regent. Inc.
According to the same source, an estimated 10% of the global population suffers from chronic kidney disease, with many people requiring dialysis on a regular basis. The majority of these people may be found in countries like Italy, the United States, Germany, Japan, and Brazil. The great majority of people who have the condition are unaware of it until acute symptoms appear. The incidence of chronic iron disease is expected to rise in developing economies like India and China, implying an increase in the geriatric population in the coming years. The demand for Iron Transfusion Has increased as the prevalence of these disorders has increased.
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The COVID-19 epidemic has impacted Iron Transfusion; nonetheless, strong initiatives by manufacturers and the government to meet demand have supported the market’s expansion. Furthermore, several studies have linked Covid-19 infection to a higher risk of Acute Kidney Injury (AKI) and chronic kidney disease (CKD), which has spurred demand for Iron Transfusion to treat CKD-related anaemia.
1. What was the market size from 2021 to 2027?
2. What is the expected revenue Compound Annual Growth Rate (CAGR) of the global market over the forecast period?
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