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Rising Prevalence Of Cancer Drives G-CS Market Growth Driver: Leading Transformation in the G-CSF (Granulocyte Colony Stimulating Factors) Market in 2025
G-CSF (Granulocyte Colony Stimulating Factors)
The escalating incidence of cancer is a significant impetus propelling the expansion of the G-CSF (granulocyte colony stimulating factor) market. Recognized as the second primary reason for death, globally 1 in 6 deaths can be attributed to cancer. For example, data from the American Cancer Society, a voluntary health organization committed to cancer eradication in the USA, in January 2023 predicted 1,958,310 new cancer cases and 609,820 cancer-related deaths to take place in the USA in 2023. G-CSF (granulocyte colony stimulating factor) represents a type of growth factor that generates white blood cells in the bone marrow, thereby lowering the chances of infection and sepsis. Among cancer patients, G-CSF facilitates faster recovery and lessens mortality associated with neutropenia following chemotherapy for cancer. It can also curb infections post certain cancer treatments. Hence, the escalating incidence of cancer is projected to spur the expansion of the G-CSF (granulocyte colony stimulating factor) market.
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What is the projected compound annual growth rate (CAGR) of the g-csf (granulocyte colony stimulating factors) market from 2025 to 2034, and what factors influence it?
Recent years have seen a consistent expansion in the G-CSF (granulocyte colony stimulating factors) market. It's projected to swell from $5.5 billion in 2024 to $5.72 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.9%. This growth trend during the historical period can be linked to several factors including a surge in cancer cases, robust economic expansion in developing markets, augmented healthcare spending, elevated R&D expenditure within the pharmaceutical sector, and governmental initiatives.
The market for G-CSF (granulocyte colony stimulating factors) is predicted to experience substantial growth in the upcoming years, expanding to $7.19 billion in 2029 with a compound annual growth rate (CAGR) of 5.9%. This expansion during the forecast period is due to factors such as the rising prevalence of cancer, growing demand for prophylaxis granulocyte colony-stimulating factor (g-CSF), augmented healthcare spending, potential growth of upcoming economies, technological progress and widespread presence of biosimilar drugs. Significant trends anticipated during this period include hefty investment in research & development for cultivating effective and novel drugs, heightened focus on mergers and acquisitions to fuel growth, forming strategic alliances, evolution in new drug developments, and redirecting endeavors into manufacturing biosimilars for neutropenia treatment to boost revenue and diversify product portfolio.
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How are the latest trends influencing the growth of the g-csf (granulocyte colony stimulating factors) market?
G-CSF (granulocyte colony-stimulating factor) market players are paying greater attention to strategic partnerships for both the development of innovative solutions and expansion of market footprint. This trend of cementing collaborations between companies, and also with academic and research organizations, through partnership or licensing agreements, has seen a surge in recent years. For instance, in 2022, Evive Biotech, a biopharmaceutical firm based in Singapore, teamed up with Germany's APOGEPHA in an exclusive, long-term license pact for commercializing Efbemalenograstim alfa (F-627) in Germany and Switzerland. This product, F-627, is an innovative dimeric G-CSF long-acting fusion protein that does not require pegylation.
What are the major segments of the g-csf (granulocyte colony stimulating factors) market and their role in driving growth?
The G-CSF (granulocyte colony stimulating factors) market covered in this report is segmented -
1) By Type: Pegfilgrastim, Lenograstim, Filgrastim, Other Types
2) By Product: Tablet, Capsule, Other Products
3) By Application: Oncological Diseases, Blood Disorders, Chronic And Autoimmune Disorders, Other Applications
Subsegments:
1) By Pegfilgrastim: Pre-filled Syringes, Vial Formulations, Biosimilars Of Pegfilgrastim
2) By Lenograstim: Injectable Formulations, Vial Formulations, Combination Therapies
3) By Filgrastim: Injectable Formulations, Pre-filled Syringes, Biosimilars Of Filgrastim
4) By Other Types: Filgrastim-sndz (Biosimilar), Novel G-CSF Products In Development, Combination Therapies With Other Growth Factors
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Which regions are key players in the growth of the g-csf (granulocyte colony stimulating factors) market?
North America was the largest region in the G-CSF (granulocyte colony-stimulating factors) market in 2024. The regions covered in the G-CS (granulocyte colony stimulating factors) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the g-csf (granulocyte colony stimulating factors) market?
Major companies operating in the G-CSF (granulocyte colony stimulating factors) market include Amgen Inc., Coherus Biosciences Inc., Sandoz, Biocon/Mylan, Teva Pharmaceuticals Inc., Chugai Pharma, Intalfarmaco Group, Pfizer, Sun Pharmaceutical Industries Limited, BeyondSpring Inc., Kyowa Hakko Kirin Co. Ltd, BioCad, Stada Arzneimittel, Dong-A Socio Group, Dr. Reddy's Laboratories, Celltrion Inc., Emcure Pharmaceuticals, Accord Healthcare UK, Intas Pharmaceuticals, Spectrum Pharmaceuticals, Apobiologix, Apotex Inc., Eurofarma Laboratórios, BIOPHARMA-MEA, NeoTX, AID Genomics Limited, GlaxoSmithKline plc, AstraZeneca, Merck Sharp & Dohme Corp., Julphar, Sanofi, Novo Nordisk A/S, Bayer, Kitov Pharma Limited, CureTech Ltd., Neopharma, Cipla.
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What Is Covered In The G-CSF (Granulocyte Colony Stimulating Factors) Global Market Report?
• Market Size Forecast: Examine the g-csf (granulocyte colony stimulating factors) market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the g-csf (granulocyte colony stimulating factors) market for a structured understanding.
• Key Players Overview: Analyze major players in the g-csf (granulocyte colony stimulating factors) market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the g-csf (granulocyte colony stimulating factors) market.
• Segment Contributions: Evaluate how different segments drive overall growth in the g-csf (granulocyte colony stimulating factors) market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the g-csf (granulocyte colony stimulating factors) market.
• Industry Challenges: Identify potential risks and obstacles affecting the g-csf (granulocyte colony stimulating factors) market.
• Competitive Landscape: Review strategic developments in the g-csf (granulocyte colony stimulating factors) market, including expansions, agreements, and new product launches.
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