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In-Depth Analysis of the Filgrastim Biosimilars Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Filgrastim Biosimilars
The growth of the filgrastim biosimilar market is anticipated to be powered by the rising occurrence of neutropenia. This condition is characterized by a deficiency of neutrophils, crucial white blood cells that combat infections in the body. Filgrastim biosimilars function by boosting the generation of neutrophils in the bone marrow, leading to an increased neutrophil count and aiding in fighting infections. For example, data from the National Center for Biotechnology Information, a database for biomedical literature based in the US, revealed in August 2022 that the incidence of neutropenia was 0.38% in Mexican-Americans, 0.79% in whites, and 4.5% in black participants. Consequently, the upward trend in the incidence of neutropenia is fueling the expansion of the filgrastim biosimilar market.
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How will the growth rate of the filgrastim biosimilars market shape industry trends by 2034?
The market size for filgrastim biosimilars has seen robust growth in the past few years. The market, which was worth $0.92 billion in 2024, is expected to escalate to $0.98 billion in 2025, boasting a compound annual growth rate (CAGR) of 6.9%. The advancements during the historical phase were driven by factors such as the development of emerging markets, the rise in patent expiration, government backing, boosted healthcare spending, affordable biosimilars, a solid drug pipeline, and elevated expenditure on biopharmaceutical R&D.
The market size for filgrastim biosimilars is predicted to witness robust expansion in the coming years, reaching a value of $1.21 billion in 2029 with a compound annual growth rate (CAGR) of 5.4%. The projected growth within the forecast period can be accredited to factors such as an aging populace and enhanced healthcare accessibility. Key trends during this forecast period involve substantial investment in research and development activities aimed at creating advanced and innovative biosimilars, manufacturing of biosimilars for treating neutropenia to boost revenue, and escalating focus on mergers and acquisitions as a growth strategy.
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What trends are poised to drive the future success of the filgrastim biosimilars market?
Leading firms in the filgrastim biosimilar industry are creating groundbreaking products with cutting-edge technologies like recombinant DNA technology for the manufacturing of biosimilars. This method involves making hybrid or chimeric DNA by embedding a foreign sequence into the DNA of a living organism. For example, in May 2023, Amneal Pharmaceuticals, an American pharmaceutical business, introduced FYLNETRA (pegfilgrastim-pbbk), a biosimilar to Amgen's NEULASTA, in the U.S for treating and averting febrile neutropenia. This promotes the growth and specialization of neutrophils that come from specific precursor cells, stimulates their maturation, and enhances the survival and performance of fully formed neutrophils, which leads to dosage-dependent increases in neutrophil counts. The introduction of Fylnetra facilitates the upcoming generation of cost-effective medicines and improves accessibility to patients, medical providers, and payors.
Which primary segments of the filgrastim biosimilars market are driving growth and industry transformations?
The filgrastim biosimilars market covered in this report is segmented -
1) By Type Of Manufacturing: In-House Manufacturing, Contract Manufacturing organization
2) By Application: Oncology, Chronic And Autoimmune Diseases, Blood Disorders, Growth Hormone Deficiency, Other Applications
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
Subsegments:
1) By In-House Manufacturing: Proprietary In-House Manufacturing Facilities, Company-Owned Production Plants, Vertically Integrated Manufacturing
2) By Contract Manufacturing Organization: Full-Service Contract Manufacturing, Fill and Finish Services, API (Active Pharmaceutical Ingredient) Manufacturing, Specialized Biosimilar Manufacturing Services
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Which geographical regions are pioneering growth in the filgrastim biosimilars market?
North America was the largest region in the filgrastim biosimilar markets market in 2024. Middle East is expected to be the fastest growing region in the global filgrastim biosimilar markets market during the forecast period. The regions covered in the filgrastim biosimilars market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the filgrastim biosimilars market landscape?
Major companies operating in the filgrastim biosimilars market include Teva Pharmaceutical Industries Ltd, Novartis International AG, Biocon Limited, Intas Biopharmaceuticals, Dr. Reddy's Laboratories, Pfizer, Cadila Healthcare Ltd, Reliance Life Science Pvt. Ltd, Gennova Biopharmaceuticals (Emcure), Sandoz Pty Ltd, Mylan, Lupin Limited, Coherus Biosciences Inc., North China Pharmaceutical Corporation, Tonghua Dongbaoare, Beijing SL Pharmaceutical, Fuji Pharma, Adello Biologics, Apobiologix (Apotex), Hospira, Tanvex BioPharma, Eurofarma Laboratórios
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What Is Covered In The Filgrastim Biosimilars Global Market Report?
• Market Size Forecast: Examine the filgrastim biosimilars market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the filgrastim biosimilars market for a structured understanding.
• Key Players Overview: Analyze major players in the filgrastim biosimilars market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the filgrastim biosimilars market.
• Segment Contributions: Evaluate how different segments drive overall growth in the filgrastim biosimilars market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the filgrastim biosimilars market.
• Industry Challenges: Identify potential risks and obstacles affecting the filgrastim biosimilars market.
• Competitive Landscape: Review strategic developments in the filgrastim biosimilars market, including expansions, agreements, and new product launches.
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