Global Pegfilgrastim Biosimilars Market Overview And Prospects
Learn about the global pegfilgrastim biosimilars market through The Business Research Company, which provides information on pegfilgrastim biosimilars market size, pegfilgrastim biosimilars market drivers and restraints, pegfilgrastim biosimilars market players, the COVID-19 impact on the pegfilgrastim biosimilars market, and more.
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The global pegfilgrastim biosimilars market is expected to grow from $0.8 billion in 2020 to $0.88 billion in 2021 at a compound annual growth rate (CAGR) of 10%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The pegfilgrastim biosimilars market is expected to reach $1.42 billion in 2025 at a CAGR of 13%.
Government initiatives for the development of biosimilars are expected to drive innovation in pegfilgrastim biosimilars manufacturing, thus driving the market during the forecast period.
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The pegfilgrastim biosimilars market consists of the sales of pegfilgrastim biosimilars and related services offered by the companies that develop and manufacture them. Pegfilgrastim is a version of filgrastim (Neupogen), used to increase the production of infection-fighting white blood cells for the treatment of cancer patients undergoing chemotherapy. Pegfilgrastim biosimilars find their applications in reducing infection for patients undergoing anticancer therapy.
Global pegfilgrastim biosimilars market segments include:
By Application: Chemotherapy Treatment, Transplantation, Others
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Mail-Order Pharmacies
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Companies in the pegfilgrastim biosimilar market are increasing their product innovation through strategic collaborations. To sustain in the increasingly competitive market, companies are developing innovative products as well as sharing skills and expertise with other companies. While companies have long collaborated with each other as well as academic and research institutions in this market by way of partnerships, in or out licensing deals, this trend has been increasing over the recent years.
TBRC’s pegfilgrastim biosimilars market report covers:
Major Market Players: Mylan, Biocon, Mundipharma, Pfizer, Sandoz, Coherus, Intas Pharmaceuticals, and Fresenius Kabi.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Pegfilgrastim Biosimilars Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides pegfilgrastim biosimilars market overviews, analyzes and forecasts market size, share, pegfilgrastim biosimilars market players, pegfilgrastim biosimilars market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s pegfilgrastim biosimilars market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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