The global FerrousFumarate Market size is expected to witness potential gains in the future,and register a significant CAGR of 15.74% over the forecast period (2019 -2027).
Market Overview
Ferrous fumarate is the iron (II)salt of fumaric acid used for the prevention and treatment of iron-deficiencyanemias. It is used as a dietary supplement and its administration results inelevation of serum iron concentration, which is then assimilated into hemoglobin.Hemoglobin carries oxygen through blood to tissues and organs. Ferrous fumarateis used for the treatment of thalassemia, iron deficiency anemia, fatigue, andanemia. It is also used for diagnostic assessment.
Market Dynamics
Increasing prevalence of anemiaand thalassemia is expected to boost growth of the global ferrous fumaratemarket. Anemia is a condition characterized by lack of red blood cells to carryadequate oxygen to the body's tissues. Women in the childbearing years arehighly vulnerable to anemia and iron-deficiency. Ferrous fumarate tablets canbe consumed orally and are easy to swallow. These tablets can be crushed orchewed as they are almost tasteless. It acts as an iron supplement to treat orprevent low blood levels of iron.
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However, there are manyrestrictions in use of ferrous fumarate. Ferrous fumarate is not recommended tothose suffering from liver or kidney disease and porphyria. Consuming ferrousfumarate is also associated with some side effects such as constipation, blackstool, stomach pain, abdominal bloating, flatulence, and abdominal pain.
Market Outlook
Among regions, North America isexpected to hold dominant position in the global ferrous fumarate market overthe forecast period. This is majorly attributed to presence of keypharmaceutical companies in the region. Asia Pacific is expected to witness thefastest growth rate in the market, owing to increasing prevalence of anemia inthe region. Moreover, significant growth in the pharmaceutical industry ineconomies such as India and China is also expected to contribute to the globalmarket size. Key players in the market can focus on expanding their business inemerging regions such as Africa and Middle East to enhance their market share.Africa, South East Asia, and the Eastern Mediterranean are the regions withhigh prevalence of anemia
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Key Players
Some of the manufacturersoperating in the global ferrous fumarate market include, Vifom Pharma, IronwoodPharmaceuticals, Galenica group, Allied Biochem Pvt. Ltd., Lonye TechnologyLimited, Shreeji Industries, and Henan Sinotech Import & ExportCorporation.
Ferrous Fumarate Market - Size,Share, Trends, and Forecast 2019 – 2027
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