G-CSF/PEG-G-CSF Market with Growing CAGR of 5.5% by the end of 2030, Size, Share, Growth, Demand and Opportunity Outlook

Market research analysis and estimations carried out in the wide ranging G-CSF/PEG-G-CSF Market report aids businesses in gaining knowledge about what is already there in the market, what market looks forward to, the competitive background and steps to be followed for outdoing the rivals. Effortlessness maintained in research method and application of best tools and techniques makes this market research report an exceptional. The report is bifurcated into several attributes which include manufacturers, region, type, application, market status, market share, growth rate, future trends, market drivers, opportunities, challenges, emerging trends, risks, entry barriers, sales channels, and distributors which are again detailed in the steadfast G-CSF/PEG-G-CSF Market report as required to describe the topic and provide maximum information for better decision making.

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Data Bridge Market Research analyzes that the global G-CSF/ PEG-G-CSF market is expected to reach the value of USD 5,685.40 million by 2030, at a CAGR of 5.5% during the forecast period. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.

Some major companies which are dealing in the market are USV Private Limited, Viatris Inc., Biocon, Fresenius Kabi AG, Hangzhou Jiuyuan Gene Engineering Co., Ltd., Amgen Inc., Pfizer Inc., Sandoz International GmbH, Apotex Inc., Cadila Pharmaceuticals, Dr. Reddy's Laboratories Ltd., Amneal Pharmaceuticals LLC., Coherus BioSciences, Accord Healthcare, NAPP PHARMACEUTICALS LIMITED., Intas Pharmaceuticals Ltd., Mundipharma International, Teva Pharmaceutical Industries Ltd., Spectrum Pharmaceuticals, Inc., Kyowa Kirin Co., Ltd., Jiangsu Hengrui Pharmaceuticals Co., Ltd., among others.

Opportunity

The use of biosimilars helps reduce healthcare costs for patients

Biosimilars have the potential to fundamentally change healthcare by providing more affordable, equally effective treatments for patients and providing more treatment options for physicians. Developing biosimilars requires rigorous analysis to demonstrate their equivalence to the reference product and ensure no clinically meaningful differences in their safety, efficacy, and purity. As a result, health systems can channel long-term savings into overall improvements in patient care. To help create a thriving biosimilar market and ensure patient access, policymakers can take steps to reduce or eliminate the cost of biosimilars and encourage physicians to prescribe biosimilars compared to Europe.

Challenge

Multiple side effects of G-CSF

Granulocyte colony-stimulating factor (G-CSF) is a drug used to treat neutropenia, a disorder in which certain forms of chemotherapy cause a lower-than-average number of white blood cells. G-CSF is a type of growth factor that makes the bone marrow produce more white blood cells to reduce the risk of infection after some types of cancer treatment. But there are multiple side effects of G-CSF, such as bone or muscle pain, Bruising, bleeding gums or nosebleeds, diarrhea, high temperature (fever), breathlessness and looking pale, sore mouth, throat, gut and back passage, and, among others. These side effects can be seen in more than 10 in 100 people (more than 10%).

According to a study performed by NCBI, most normal donors receiving G-CSF experience side effects, but these are mild to moderate in degree. Ninety percent of donors experienced some side effects of G-CSF. The most frequent effects noted were bone pain (83%), headache (39%), body aches (23%), fatigue (14%), and nausea and vomiting (12%), which is expected to act as a challenge for market growth.

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