(MENAFN Editorial) DUBLIN, Feb. 7, 2018 /PRNewswire/ --
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Rising incidence of CKD, cancer and HIV is the major factor fuelling the demand of erythropoietin drugs. Advancement in recombinant DNA technology has led to introduction of different forms of drugs such as epoetin-beta, darbepoetin-alfa and others. Biologics currently dominate the erythropoietin drugs market; but the entry of novel drugs with biosimilar formulations with better efficacy and cost effectiveness would present lucrative opportunities. Biosimilars would be a fast growing market, especially in developing countries in Asia Pacific and Middle East & Africa, due to low cost therapeutics and enhanced efficacy.
The global erythropoietin drugs market is segmented by drug type into epoetin-alfa, epoetin-beta, darbepoetin-alfa and others. Epoetin-alfa dominates the global erythropoietin drugs market, since it is the first biologic for anemia caused due to kidney disease, cancer or HIV and is widely accepted by physicians. The global erythropoietin drugs market is segmented by application type into anemia (cancer and HIV), kidney disorders (ESRD and dialysis) and others (neural diseases, wound healing and others). Renal disease occupies a large share of the market due to the reported increase in prevalence of kidney disorders.As of the current market scenario, North America dominated the global erythropoietin drugs market followed by the European market. Rising prevalence of renal disease, cancer and HIV, well established research and healthcare infrastructure, favorable reimbursement policies are the key factors driving the North American market. Additionally, major biopharmaceutical and biotechnological companies are based in this region, further fuelling the erythropoietin drugs market.
Asia Pacific is the fastest growing erythropoietin drugs market in forecast period. It would be the most lucrative market for biosimilars with low cost of therapy and rising prevalence of chronic diseases.Key Market Movements:
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