BOSTON, Jan. 12, 2023 /PRNewswire/ -- Data Bridge Market Research has recently published a Report, titled, "G-CSFPEG-G-CSF Market" The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. An all-inclusive G-CSFPEG-G-CSF market report is a broad study about the market which tells about what is the market status in the forecast period of 2023-2030. This analysis gives an examination of various segments that are relied upon to witness the quickest development amid the estimate forecast frame. Analysis and discussion of important industry trends, market size, market share estimates are mentioned in the report. G-CSFPEG-G-CSF market study also analyses the market status, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Data Bridge Market Research analyses that the global G-CSF/ PEG-G-CSF market is expected to reach the value of USD 5,685.40 million by 2030, at a CAGR of 5.5% during the forecast period. This market report also covers pricing analysis, patent analysis, and technological advancements in depth.
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Market Overview:
Granulocyte colony-stimulating factor (G-CSF) is a medication used to treat neutropenia. This is a disease in which the number of white blood cells is lower than average and is caused by some forms of chemotherapy. The main types of G-CSF are lenograstim (Granocyte), filgrastim (Neupogen, zarzio, nivestim, accofil), long-acting (pegylated) filgrastim (pegfilgrastim, neulasta, pelmeg, ziextenco), and lipegfilgrastim (lonquex). Lenograstim is a glycosylated recombinant therapeutic agent that is chemically similar or identical to naturally occurring human granulocyte colony-stimulating factor (G-CSF). Various products include tablets and capsules and treat cancer, blood disorders, growth hormone deficiency, and chronic and autoimmune diseases.
The increase in cancer prevention in developed countries and governments have introduced conscious initiatives to educate early treatment, promoting the global sales market of biosimilar G-CSF. Grafeel, Colstim, Neukine and Filcad, which are approved biosimilars and are also cost-effective and readily available in developing countries, will lead to significant market growth. China and India are the countries where the number of cancer patients is increasing, which is likely to boost the global market. Thus, the use of biosimilars helps in reducing the healthcare costs of patients compared to the use of original biologics, which increases the demand in the global G-CSF Biosimilars sales market. Due to the complex biological manufacturing processes of individual biosimilars, the costs of biosimilars are not as low as generics. Growing prevalence of autoimmune and rare chronic diseases is expected to drive the segmental market's growth.
Opportunities for Players:
- The use of biosimilars helps reduce healthcare costs for patients
Biosimilars have the potential to fundamentally change healthcare by providing more affordable, equally effective treatments for patients and providing more treatment options for physicians. Developing biosimilars requires rigorous analysis to demonstrate their equivalence to the reference product and ensure no clinically meaningful differences in their safety, efficacy, and purity. As a result, health systems can channel long-term savings into overall improvements in patient care. To help create a thriving biosimilar market and ensure patient access, policymakers can take steps to reduce or eliminate the cost of biosimilars and encourage physicians to prescribe biosimilars compared to Europe.
Some of the major players operating in the G-CSFPEG-G-CSF market are:
- USV Private Limited,
- Viatris Inc.,
- Biocon,
- Fresenius Kabi AG,
- Hangzhou Jiuyuan Gene Engineering Co., Ltd.,
- Amgen Inc.,
- Pfizer Inc.,
- Sandoz International GmbH,
- Apotex Inc.,
- Cadila Pharmaceuticals,
- Dr. Reddy's Laboratories Ltd.,
- Amneal Pharmaceuticals LLC.,
- Coherus BioSciences,
- Accord Healthcare,
- NAPP PHARMACEUTICALS LIMITED.,
- Intas Pharmaceuticals Ltd.,
- Mundipharma International,
- Teva Pharmaceutical Industries Ltd.,
- Spectrum Pharmaceuticals, Inc.,
- Kyowa Kirin Co., Ltd.,
- Jiangsu Hengrui Pharmaceuticals
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Recent Developments
- In July 2018, Accord Healthcare, a subsidiary of Intas Pharmaceuticals Ltd., launched a pegfilgrastim biosimilar across Europe after being given Green Light for Pelgraz® (pegfilgrastim) by CHMP (Committee for Medicinal Products for Human Use). This product launched helped the company to expand their business across Europe.
- In March 2022, Kashiv Biosciences announced the approval of its Biologics License Application (BLA) for filgrastim-ayow, a biosimilar referencing Neupogen by U.S. Food and Drug Administration (FDA). The product is marketed under the proprietary name RELEUKO.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the G-CSFPEG-G-CSF market
Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the G-CSFPEG-G-CSF Market
Market Dynamics: G-CSFPEG-G-CSF Market
- Growing incidences of blood cancers and cancer diseases
Cancer is a general term for many diseases that can affect any part of the body. Other terms used for cancer are malignant tumors and neoplasm. One of the characteristics of cancer is the rapid formation of abnormal cells that grow beyond normal limits and can invade neighboring parts of the body and spread to other organs; the latter process is called metastasis. Extensive metastases are the leading cause of cancer death.
Filgrastim is a granulocyte colony-stimulating factor (GCSF) that helps increase the number of neutrophils in the blood. Filgrastim and pegfilgrastim are highly used to increase white blood cells after cancer chemotherapy or radiation therapy.
- Increasing cases of febrile neutropenia
Febrile neutropenia refers to fever during significant neutropenia. If a patient is neutropenic, their risk of infection may be higher than usual, and the severity of a particular infection may also be higher. Febrile neutropenia is the most common life-threatening complication of cancer treatment; its treatment is often an oncological emergency.
Febrile neutropenia is neutropenia accompanied by fever. Neutropenia refers to a decrease in the concentration of neutrophils in the blood. Neutrophils are a type of white blood cell that help fight infections as part of the immune system. The Infectious Diseases Society of America defines neutropenia as an absolute neutrophil count (ANC) of less than 1500 cells/mm3. The risk of infection and neutropenic fever increases dramatically with severe neutropenia, defined as an absolute neutrophil count (ANC) of less than 500 cells/mm3. Fever is defined as a single oral temperature greater than or equal to 101° Fahrenheit (38.3° Celsius) or a persistent temperature greater than or equal to 100.4° Fahrenheit (38.0° Celsius) or greater for one hour or longer.
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Key Industry Segmentation: G-CSFPEG-G-CSF Market
GLOBAL G-CSF / PEG-G-CSF MARKET, BY INDICATION
- Neutropenia
- Oncology
- Chronic And Autoimmune Diseases
- Blood Disorders
- Growth Hormone Deficiency
GLOBAL G-CSF / PEG-G-CSF MARKET, BY DOSAGE
- Mono
- Combination
GLOBAL G-CSF / PEG-G-CSF MARKET, BY ROUTE OF ADMINISTRATION
- Intravenous
- Subcutaneous
GLOBAL G-CSF / PEG-G-CSF MARKET, BY PACKAGING
- Single Use Vials
- Pre Filled Syringes
GLOBAL G-CSF / PEG-G-CSF MARKET, BY END USER
- Hospitals & Clinics
- Research & Academic Institutes
- Ambulatory Surgical Centers
GLOBAL G-CSF / PEG-G-CSF MARKET, BY DISTRIBUTION CHANNEL
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Regional Analysis/Insights: G-CSFPEG-G-CSF Market
The G-CSF/ PEG-G-CSF market report comprises od the countries Mexico, Columbia, Brazil, Argentina, Chile, Peru, Ecuador, Rest of LATAM, Germany, U.K., France, Italy, Russia, Netherlands, Spain, Sweden, Poland, Belgium, Switzerland, Denmark, Norway, Finland, Turkey, Rest of Europe, China, Japan, India, Australia, New Zealand, Indonesia, Thailand, Vietnam, Singapore, Philippines, Malaysia, Rest of Asia-Pacific, South Africa, Saudi Arabia, Egypt, Israel, U.A.E, Kuwait, Oman, and Rest of Middle East and Africa.
Europe is dominating due to the presence of key market players in the largest consumer market with high GDP. U.S. is expected to grow due to its latest advanced technology and inventions in the G-CSF/ PEG-G-CSF.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global G-CSFPEG-G-CSF Market: Regulations
- Market Overview
- Global G-Csfpeg-G-Csf Market, By Indication
- Global G-Csfpeg-G-Csf Market, By Dosage
- Global G-Csfpeg-G-Csf Market, By Route Of Administration
- Global G-Csfpeg-G-Csf Market, By Packaging
- Global G-CSFPEG-G-CSF Market, By End User
- Global G-CSFPEG-G-CSF Market, By Distribution Channel
- Global G-CSFPEG-G-CSF Market, By Region
- Global G-CSFPEG-G-CSF Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
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