Press release
Shaping the Neutropenia Biologic Drug Treatment Market in 2025: Advancing Neutropenia Treatment with Cost-Effective Biosimilars
How Big Is the Neutropenia Biologic Drug Treatment Market Expected to Be, and What Will Its Growth Rate Be?The market size for biologic drug treatment of neutropenia has seen robust growth in recent times. The market, which is projected to escalate from $13.22 billion in 2024, is expected to reach $14.08 billion in 2025, representing a compound annual growth rate (CAGR) of 6.5%. Factors such as improved market access and reimbursement, increased patient advocacy and awareness, enhanced physician education and training, advancements in biologic drug development, and successful clinical trials contributed to the growth in the historic period.
The market for biologic drug treatment of neutropenia is predicted to experience robust expansion in the upcoming years, with projections suggesting a rise to $18.1 billion by 2029, at a compound annual growth rate (CAGR) of 6.5%. Factors contributing to this surge during the forecast period include healthcare cost management, the development of patient-focused care models, advancements in combination therapies, regulatory shifts, and the growth in personalized medicine. Key trends anticipated for the duration of this period encompass enhanced global market access, progress in manufacturing processes, streamlining of treatment protocols, the uptake of biosimilars, and the production of long-acting formulations.
What Are the Primary Growth Drivers for the Neutropenia Biologic Drug Treatment Market?
The global increase in cancer cases is expected to fuel the market growth for neutropenia biologic drugs. The surge in cancer occurrence and the increased preference for chemotherapy has led to a higher number of people suffering from neutropenia. For example, the American Cancer Society stated in January 2022 that approximately 1.9 million new cancer diagnoses and 609,360 cancer-associated deaths are projected to occur in the US, equating to about 1,670 deaths each day. The four leading types of cancer globally-lung, prostate, bowel, and breast cancer among females-account for 43 percent of all new cancer diagnoses. Consequently, a rise in the global cancer incidence rates is expected to surge the demand for neutropenia biologic drug treatments in the upcoming years.
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Who Are the Dominant Companies Influencing Neutropenia Biologic Drug Treatment Market Trends?
Major companies operating in the neutropenia biologic drug treatment market include Amgen Inc., Pfizer Inc., Novartis AG, Teva Pharmaceutical Industries Ltd., Sanofi S.A., GlaxoSmithKline plc, F. Hoffmann-La Roche Ltd, Merck & Co. Inc., Johnson & Johnson, Baxter International Inc., Mylan N.V., Celgene Corporation, Biogen Inc., AbbVie Inc., Regeneron Pharmaceuticals Inc., AstraZeneca plc, Eli Lilly and Company, Takeda Pharmaceutical Company Limited, Bayer AG, Sun Pharmaceutical Industries Ltd., Lupin Limited, Fresenius SE & Co. KGaA, Gilead Sciences Inc., Daiichi Sankyo Company, Kyowa Kirin Co. Ltd., CSL Limited, Dr. Reddy's Laboratories Ltd., Bristol-Myers Squibb Company, Astellas Pharma Inc., Otsuka Pharmaceutical Co. Ltd.
How Is the Neutropenia Biologic Drug Treatment Market Evolving?
Leading firms in the neutropenia biologic drug treatment sector are creating biosimilars to present affordable substitutes to existing biologics. Biosimilars are biologic medications engineered to be almost the same as an already approved reference biologic, with no substantial differences in safety or effectiveness. For example, in May 2023, the US-based pharmaceutical firm, Amneal Pharmaceuticals, brought out Fylnetra (pegfilgrastim-pbbk), a biosimilar to Neulasta. This product is designed to treat and prevent febrile neutropenia in chemotherapy patients. It attaches to specific receptors on hematopoietic cells, leading to increased proliferation and differentiation of neutrophil precursors within the bone marrow. This effect heightens the production of neutrophils, crucial to battling infections, especially for patients receiving myelosuppressive chemotherapy, and ultimately lowers the occurrence of febrile neutropenia in relation to cancer therapies.
What Are the Different Segmentations in the Neutropenia Biologic Drug Treatment Market?
The neutropenia biologic drug treatment market covered in this report is segmented -
1) By Drug Type: Filgrastim, Pegfilgrastim, Lenograstim, Lipegfilgrastim, Sargramostim
2) By Treatment Type: Antibiotic Drugs, Granulocyte-Colony-Stimulating Factor (G-CSF), Antifungal Drugs, Other Treatment Types
3) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Online Pharmacies
Subsegments:
1) By Filgrastim: Brand Name Examples: Neupogen, Indications And Usage
2) By Pegfilgrastim: Brand Name Examples: Neulasta, Indications And Usage
3) By Lenograstim: Brand Name Examples: Granocyte, Indications And Usage
4) By Lipegfilgrastim: Brand Name Examples: Lonquex, Indications And Usage
5) By Sargramostim: Brand Name Examples: Leukine, Indications And Usage
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Which Region Is at the Forefront of the Neutropenia Biologic Drug Treatment Market?
The countries covered in the neutropenia biologic drug treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
What Is Covered In The Neutropenia Biologic Drug Treatment Global Market Report?
- Market Size Analysis: Analyze the Neutropenia Biologic Drug Treatment Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Neutropenia Biologic Drug Treatment Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Neutropenia Biologic Drug Treatment Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Neutropenia Biologic Drug Treatment Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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