The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s erythropoietin (EPO) market report forecasts the erythropoietin (EPO) market size to grow to $24.2 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

Learn More On The Erythropoietin (EPO) Market Report 2023 – https://www.thebusinessresearchcompany.com/report/erythropoietins-global-market-report

Erythropoietin (EPO) Market Size Forecast

The global erythropoietin (EPO) market is expected to grow from $13.94 billion in 2022 to $15.52 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The erythropoietin market is expected to grow from $24.2 billion in 2027 at a CAGR of 11.7%.

North America held the largest erythropoietin (EPO) market share, and Middle East was the fastest-growing region in 2022.

Key Erythropoietin (EPO) Market Driver ­– Rise In Incidence Of Chronic Kidney Diseases

For instance, in March 2021, according to the Centers for Disease Control and Prevention’s report published on chronic kidney disease in the United States, 15% of the adults in the USA, or 37 million people, were estimated to have chronic kidney disease (CKD). People aged 65 or older are more likely to have CKD (38%), followed by those aged 45-64 (13%), and those aged 18-44 (7%).Chronic kidney diseases lead to an anaemic condition, which in turn increases the demand for erythropoietin to curb the condition, thereby driving the market’s revenues.

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Erythropoietin (EPO) Market Segment

1) By Product: Epoetin-alfa, Epoetin-beta, Darbepoetin-alfa, Other Products

2) By Application: Cancer, Hematology, Renal diseases, Neurology, Other Applications

3) By Drug Class: Biologis, Biosimilar

Erythropoietin (EPO) Market Major Players and Strategies

Major players in the erythropoietin (EPO) market are Amgen Inc., Johnson & Johnson, Roche Group, Pfizer Inc., Novartis, Celltrion Inc., and LG Life Sciences Ltd.

The Erythropoietin (EPO) Global Market Report 2023 covers regional data on erythropoietin (EPO) market size, erythropoietin (EPO) market trends and drivers, opportunities, strategies, and erythropoietin (EPO) market competitor analysis. The countries covered in the erythropoietin (EPO) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Erythropoietin (EPO) refers to a glycoprotein hormone that naturally induces the generation of red blood cells and is produced by the kidney’s peritubular cells. Red blood cell scarcity, or anaemia, is treated with it. Weakness, weariness, and shortness of breath are signs of anaemia because red blood cells deliver oxygen to the tissues and organs.

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