PEGylated Protein Therapeutics Market Outlook 2025: Key Players Amgen, AstraZeneca, Biogen, Horizon Pharma
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According to Allied Market Research, the market was valued at $10,388 million in 2017 and is projected to reach $17,813 million by 2025, growing at a CAGR of 6.9% from 2018 to 2025. North America is anticipated to be the highest revenue contributor throughout the forecast period.
Factors driving the growth of the global PEGylated protein therapeutics market are the prevalence of chronic diseases, the benefits of PEGylation and the strong presence of pipeline drugs. However, high costs associated with drug development and generic launches are expected to hamper market growth. In addition, the high market potential in untapped emerging economies and the increased adoption of PEGylated protein therapeutics are expected to provide many opportunities during the forecast period.
By product type, colonial stimuli accounted for nearly half of the worldwide industrial medicines market share in 2017. Also, the cancer portion is expected to grow at a high rate of 7.4% over the forecast period.
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Major Market Players:
• Amgen Inc.
• AstraZeneca PLC
• Biogen Inc.
• F. Hoffmann-La Roche Ltd. (Genentech Inc.)
• Horizon Pharma plc.
key Findings of the Study:
• North America occupied an almost two-thirds share of the global PEGylated protein therapeutics market in 2017
• Cancer cells are expected to grow at the highest CAGR throughout the forecast period.
• Europe is expected to account for one-fifth of the worldwide market for PEGylated protein therapeutics by 2025.
• The Asia Pacific region is expected to grow at the highest rate during the analysis period, followed by LAMEA.
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