Global Pegfilgrastim Market Expects 5.8% Growth Rate from 2021-2028 Amid Rising Cancer Cases and Demand for Pegfilgrastim Biosimilars

According to the latest report published by Dataintelo, the Global Pegfilgrastim Market is projected to expand at a compound annual growth rate (𝐂𝐀𝐆𝐑) of 5.8% during the period between 2021 and 2028. This significant expansion in the market is primarily driven by the escalating number of cancer cases worldwide and an intensified demand for pegfilgrastim biosimilars.

The report highlights that the evolving global scenario of cancer management and treatment is fostering the growth of the market for pegfilgrastim, a medication used to stimulate the growth of white blood cells. The surging number of cancer patients globally necessitates an increased demand for effective therapeutic approach wherein pegfilgrastim plays a crucial role. As such, the market is set to observe a remarkable growth trajectory over the forecast period.

The rising demand for pegfilgrastim biosimilars is another crucial element contributing to the market growth. Biosimilars, due to their cost-effective nature, are gaining traction in the healthcare industry and are set to enhance the accessibility of cancer treatment. This factor in play is favorably influencing the expansion of the pegfilgrastim market.

The Dataintelo report offers an in-depth analysis of the market trends, vital players, opportunities, challenges, and the competitive landscape of the Global Pegfilgrastim Market. It also sheds light on the numerous strategies employed by the key market participants to gain a significant market share in this rapidly evolving market. Altogether, the report is set to serve as a valuable asset for stakeholders, potential investors, and market enthusiasts to comprehend the market dynamics more effectively

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/157476

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The pegfilgrastim market has been segmented on the basis of𝐓𝐲𝐩𝐞
● Pegfilgrastim
● Pegfilgrastim Biosimilar

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧
● Hospital
● Drug Store

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● Amgen
● Mylan
● Coherus BioSciences
● Amgen



The market of pegfilgrastim is segmented into type, application, and region. In terms of type, the market is categorized into Pegfilgrastim and Pegfilgrastim Biosimilar. Pegfilgrastim is a potent granulocyte colony-stimulating factor used to stimulate the growth of neutrophils, a type of white blood cell vital for fighting infections. The advent of Pegfilgrastim Biosimilar, a close copy of the pioneer Pegfilgrastim, has expanded the market with its cost-effective nature, similar safety, efficacy, and quality. For application, the market is bifurcated into hospitals and drug stores. Medical institutions and hospitals hold a significant share due to the high rate of patient footfall and immediate availability of the drug. However, drug stores are also catching up fast with their increasing numbers and convenient accessibility.

On a regional basis, the global pegfilgrastim market is broken down into Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America holds a significant share in the global market, thanks to its highly developed healthcare sector, high prevalence of cancer diseases and presence of many key players. Europe follows closely behind, driven by its ageing population, rising incidents of cancer and robust healthcare infrastructure. The Asia Pacific market is projected to witness exponential growth in the coming years, owing to factors such as increasing healthcare expenditure, improving hospitals infrastructure and developing awareness about cancer treatment. Key players in the pegfilgrastim market are Amgen, Mylan, and Coherus BioSciences, with Amgen being the original manufacturer of pegfilgrastim

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/157476

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

1. Increasing Prevalence of Cancer: The rising prevalence of various types of cancer across the globe is one of the major drivers for the growth of the pegfilgrastim market. According to the World Health Organization (WHO), cancer is the second leading cause of death globally, and was responsible for nearly 10 million deaths in 2020.

2. Rise in Chemotherapy Treatment: As pegfilgrastim is utilized to decrease the chance of infection in patients who are receiving chemotherapy drugs, the rise in the use of chemotherapy treatment for cancer is expected to contribute to the growth of this market.

3. Aging Population: The aging population is more susceptible to diseases like cancer. Therefore, the growing number of elderly individuals worldwide can drive the demand for pegfilgrastim.

4. Increasing Healthcare Expenditure: Governments around the world are increasing their healthcare spending, which allows for better access to treatment and medications. This could boost the demand for pegfilgrastim.

5. Research and Development Activities: Constant research and development activities to enhance healthcare practices and drugs are expected to drive the growth of the pegfilgrastim market.

𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬:

1. Biosimilar Approval: The patent expiry of originator biologic will open up 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫the development and commercialization of biosimilar pegfilgrastim.

2. Emerging Markets: Increasing healthcare infrastructure and rising disposable income in emerging economies such as India, China, and Brazil present huge 𝐎𝐩𝐩𝐨𝐫𝐭𝐮𝐧𝐢𝐭𝐢𝐞𝐬 𝐟𝐨𝐫the growth of the pegfilgrastim market.

3. Technological Advancements: Advancements in biotechnology and pharmaceutical sectors could lead to the development of more effective and efficient formulations of pegfilgrastim, presenting lucrative opportunities in the market.

4. Collaboration and Partnerships: Collaborations and partnerships between pharmaceutical companies for the development and distribution of pegfilgrastim can present significant growth opportunities.

5. Increasing Health Insurance Coverage: The expansion of health insurance coverage and benefits to include cancer treatments can enhance the affordability and accessibility of pegfilgrastim, presenting significant market opportunities

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