Currently, the clinical treatment for anemia of dialysis patient is mainly erythropoietin (EPO). However, the efficacy of EPO is limited due to chronic inflammation and iron deficiency in dialysis patients, which cause EPO resistance in dialysis patients. Hypoxia-inducible factor stabilizer is a novel class of oral medication that increases the production of EPO, enhances the absorption and utilization of iron, and overcomes chronic inflammatory status. Recently, several clinical trials had shown that hypoxia-inducible factor stabilizer effectively improves anemia in dialysis patients to a similar extent compared with EPO. On the other hand, these trials showed that hypoxia-inducible factor stabilizers did not cause severe adverse effects. However, whether long-term use of hypoxia-inducible factor stabilizers causes adverse effect needs to be clarified in large clinical trials in the future.