Iron deficiency anemia is a very common nutritional deficiency that affects over a billion people worldwide, according to the World Health Organization. It occurs when the body does not have enough iron to produce hemoglobin, an essential protein in red blood cells that carries oxygen throughout the body. Symptoms can vary from fatigue and weakness to headaches, dizziness, and breathlessness. Left untreated, it can be a serious health condition and negatively impact physical and cognitive development especially in infants, young children and women. Global iron deficiency anemia treatment market is witnessing strong growth with emergence of new oral and injectable drugs having less side effects and higher efficacy.
Market Dynamics:
Global iron deficiency anemia treatment market growth is driven by growing prevalence of the condition globally especially among children and women. Key factors contributing to rising cases of iron deficiency anemia include poor dietary intake of iron-rich foods, blood loss during menstruation, and parasitic infections. According to WHO, approximately 40% of pregnant women worldwide suffer from anemia, which is expected to propel demand for effective therapeutic drugs. Development of novel drugs by leading players is a significant growth opportunity in this space. However, availability of alternative treatment options including supplements and plant-based remedies in developing economies can restrain commercial uptake of modern medications to some extent in the near future.
Key Features of the Study:
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