By Registering A CAGR Of 6.03%, Latin America Erythropoietin Stimulating Agents Market Is Expected To Reach USD 533.92 Million By 2027 (With Impact Analysis of COVID-19)


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Jun 08, 2020, 11:36 EST


New York, United States, Jun 08, 2020, 11:36 /Comserve / -- The Latin America erythropoiesis-stimulating agents (ESA) market reached USD 319.2 million in 2018 and is expected to reach USD 533.92 million by 2027, by registering a CAGR of 6.03%, across the region.

The Latin America erythropoiesis-stimulating agents (ESA) market reached USD 319.2 million in 2018 and is expected to reach USD 533.92 million by 2027, by registering a CAGR of 6.03%, across the region. The demand for erythropoiesis-stimulating agents is increasing on the back of the rising demand for efficient drugs to control the effects of impaired production of the molecule erythropoietin.

“The CAGR value Could change due to COVID-19 Pandemic”

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Brazil is slated to account for a share of 44.77% and reach USD 239.03 million by 2027 in the erythropoiesis-stimulating agents market. The market growth in the country can be attributed to the increase in investments in the R&D activities from both government and private entities. The market is expected to expand at a CAGR of 6.29% over the forecast period i.e. 2020-2027. This is primarily attributed to the easier availability of resources and cost effective skilled labor in the region, supported by highly favorable regulatory landscape that supports the growth the pharmaceutical industry in the country.

On the back of the relatively higher rate of development, the market for Chile is expected to grow at a CAGR of 6.39% and is expected to capture a market of USD 47.47 million by 2027. On the back of rising number of incidences, patient-friendly health reforms and plans such as the AUGE-GES Plan through the National Health Fund (Fonasa) and the Pension Health Institutions (ISAPRE), availability of skilled medical resources along with efficient diagnostic solutions to make timely diagnosis and mitigate the effects of anemic condition, the drugs classified as erythropoiesis stimulating agents are witnessing a high demand in the country.

On the basis of product, the market is segmented into epoetin-alfa, epoetin-beta, epoetin-theta, darbepoetin-alfa, and other ESAs. The epoetin-alfa segment is presently capturing the highest market and is expected to reach USD 274.66 million by the year 2018 with a CAGR of 6.11% over the forecast period. This is primarily attributed to the larger number of products approved for prescription in this segment in comparison to others for anemia caused by renal disorders. Epoetin-beta, although has a similar mode of action in comparison to epoetin-alfa, as presently lower number of drugs, including biosimilars and generic drugs, approved for similar indications for Epoetin-beta in comparison to Epoetin-alfa.

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

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On the basis of application the market is divided into cancer, renal disorders, anti-retroviral treatment, and other indications that would impair the natural production of erythropoietin in the body. ESAs are most frequently prescribed for anemia caused by chronic kidney disease, irrespective of their state of dialysis, due to which the renal disorders segment captured the highest market share in 2018. The segment is expected to grow at a CAGR of 6.17% and is expected to reach USD 376.25 million by 2027.

On the basis of distribution channel, the market is divided into online channel and offline channel. Although with the rising number of internet users and availability of online platforms to purchase pharmaceutical products, the online distribution channel is expected to witness a higher growth, but presently the larger share of population is still dependent on conventional distribution channel such as pharmacies at hospital, ambulatory surgical centers, and retail pharmacies

“The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market).”

“We are open for the customization of this report for our client.”

Table of Content:

  • Executive Summary
  • Research Methodology
  • Global Market Size (USD Million) and Forecast
  • Market Dynamics & Its Impact Analysis
  • Global Market Segmentation Analysis
  • Porter’s Five Force Model Analysis
  • Competitive Landscape
  • Company Overview
    • Financial Performance
    • Key Products
    • Business Strategy
    • Recent Developments
    • SWOT Analysis

WHAT IS THE SCOPE OF THE REPORT WITH IMPACT OF COVID-19?

This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

WHICH MARKET DYNAMICS AFFECTS THE BUSINESS DURING COVID-19?

The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.

  • Key Topic Covered in this Report
  • Market Growth Opportunities
  • Leading Market Players
  • Market Size and Growth Rate
  • Market Growth Drivers
  • Company Market Share
  • Market Trends and Technological Innovations
  • Impact Analysis of COVID-19 (CORONA Pandemic) on Global Market

"The Final Report will cover the impact analysis of COVID-19 on this industry (Global and Regional Market)."

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