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What is the Future CAGR of the Anemia In Elderly Market, and How Will It Impact Industry Expansion?

The market size for anemia in the elderly has seen significant growth in the past few years. From $2.75 billion in 2024, it is projected to increase to $3.02 billion in 2025, indicating a compound annual growth rate (CAGR) of 9.7%. This growth during the historical period is linked to factors such as nutritional deficiencies, chronic illnesses, inflammation, bone marrow disorders, and blood loss.

In the upcoming years, the anemia in elderly market is likely to experience robust growth, expanding to $4.32 billion by 2029 with a compound annual growth rate (CAGR) of 9.3%. This growth trajectory during the forecasted period can be credited to factors such as an aging population, escalating occurrence of chronic illnesses, developments in diagnostic methods, heightened awareness of healthcare, and enhanced treatment accessibility. AI-powered diagnostics, wearable health tracking devices, sophisticated blood examination tools, telehealth implementation, and tailored medical treatments are the major trends anticipated during this period.

What External and Internal Drivers Are Contributing to the Growth of the Anemia In Elderly Market’s Growth?

The expansion of the anemia in the elderly market is expected to be driven by the increasing elderly population. This demographic refers to the growing proportion of people who are aged 65 and above in a specific society or globally. The rise in life expectancy, lower birth rates, and the aging of larger cohorts contribute to the growth of the senior population. As a result, there is an increase in age-related and chronic conditions, significant contributors to anemia among the elderly. This condition boosts the need for diagnosis, management, and treatment of anemia, thus stimulating market growth. For example, the Office for National Statistics (ONS), a governmental organization in the UK, noted in July 2024 that individuals aged 65 or over in the UK surged to 12.7 million in 2022 from 11 million in 2021. Consequently, the expanding elderly demographic is fuelling the growth of the anemia in the elderly market.

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What Are the Top Market Players Propelling the Growth of the Anemia In Elderly Industry?

Major companies operating in the anemia in elderly market are:

• Johnson & Johnson_x000D_

• Roche Holding AG_x000D_

• Merck & Co Inc_x000D_

• Bristol-Myers Squibb Company_x000D_

• AstraZeneca plc_x000D_

What Are the Key Trends to Watch in the Anemia In Elderly Market Over the Coming Years?

Leading companies in the elderly anemia market are centering their attention on technological progress, such as personalized treatments, in an effort to improve treatment procedures, ramp up patient results, minimize side effects, and boost healthcare proficiency. Personalized treatments are medical interventions tailored to each patient’s unique attributes. For example, in March 2024, Cadila Pharmaceuticals, a pharmaceutical firm based in India, unveiled Redshot FCM, an innovative iron injection purposed to manage iron deficiency anemia in individuals with intolerance to oral iron. This intravenous iron preparation delivers sufficient amounts of iron and maintains an excellent safety record. The injection comprises an advanced Ferric Carboxymaltose formulation to enhance iron delivery and assimilation. Redshot FCM embodies a commitment to bettering healthcare through the creation of individualized treatments that consider each patient’s unique profile, leading to improved treatment results for iron deficiency anemia.

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Which Key Market Segments Comprise the Anemia In Elderly Market and Drive Its Revenue Growth?

The anemia in elderly market covered in this report is segmented –

1) By Product Type: Tablets, Injectable

2) By Treatment: Iron Supplements, Erythropoietin Or Erythrocyte-Stimulating Agents, Vitamin B12 Supplements, Folic Acid Supplements

3) By Route Of Administration: Oral, Parenteral

4) By End User: Hospital pharmacy, Online Pharmacy, Retail pharmacy

Subsegments:

1) By Tablets: Iron Supplements, Vitamin B12 Supplements, Folic Acid Tablets, Erythropoiesis-Stimulating Agents (ESAs) Tablets

2) By Injectable: Iron Injections, Vitamin B12 Injections, Erythropoiesis-Stimulating Agents (ESAs) Injections, Folic Acid Injections

What Regions Are Dominating the Anemia In Elderly Market Growth?

North America was the largest region in the anemia in elderly market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the anemia in elderly market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Key Characteristics That Define the Anemia In Elderly Market?

Anemia in the elderly refers to a condition characterized by a reduction in the number of red blood cells (RBCs) or hemoglobin levels below the normal range, leading to diminished oxygen-carrying capacity of the blood in older adults (commonly defined as individuals aged 65 years and older). It is often caused by nutritional deficiencies, chronic diseases, or age-related changes in the body.

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