Erythropoietin Stimulating Agents Market Size
Erythropoietin Stimulating Agents Market size was valued at USD 18.08 billion in 2024 and is likely to cross USD 63.91 billion by 2037, registering more than 10.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of erythropoietin stimulating agents is estimated at USD 19.65 billion.
Growing Incidences of Chronic Kidney Disease and Cancer to Expand the Market
Chronic Kidney Disease is more common in older people aged 65 and above, with 38% prevalence, as compared with people aged 18-44 years (7%) and 45-64 years (13%) in the United States as per the CDC. The rising cases of this disorder along with other renal disorders that have a direct impact on the blood cells results in an increased demand for erythropoietin stimulating agents. Moreover, the growing incidences of various types of cancers, especially blood cancers, is another factor resulting in a high demand for blood cells in the body. These factors are anticipated to lead to the market growth over the forecast period. According to the statistics presented by the Leukemia & Lymphoma Society, it was suggested that a total of 176,200 people living in the United States were expected to be diagnosed with leukemia, lymphoma or myeloma in 2019. CLICK TO DOWNLOAD SAMPLE REPORT
Increase in Production of Biosimilar Drugs to Boost the Market Growth
Numerous pharmaceutical manufacturers are taking initiatives to develop and produce erythropoietin stimulating agents (ESAs) after the expiration of Amgen’s patent for Epogen. The growing commercialization of these drugs further results in reduction of their prices. This is anticipated to become another growth factor for the market in the upcoming years.
