Pegfilgrastim Biosimilars Market is estimated to Witness High Growth Owing to Rising Biosimilar Approvals

Pegfilgrastim biosimilars are medications that stimulate the production of white blood cells (neutrophils) in patients who have received cancer treatment such as chemotherapy. They work similarly to existing biological drugs called filgrastim but with lower costs. The need for pegfilgrastim biosimilars is increasing as they provide an effective and affordable alternative to costly biologic drugs for cancer patients undergoing chemotherapy.

The global pegfilgrastim biosimilars market is estimated to be valued at US$ 1.69 Bn in 2024 and is expected to exhibit a CAGR of 9.8% over the forecast period 2024 to 2031.

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Neupogen Market Analysis: Size, Trends, and Growth Strategies

The Neupogen market is experiencing significant contraction driven by biosimilar market entrants and stringent pricing pressures. Our market research indicates evolving treatment protocols and patient-care initiatives that influence industry size, business growth, and competitive market share. These core market insights align with this overview, reflecting a nuanced portrait of changing market dynamics.

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Pegfilgrastim Biosimilars Market to Witness High Growth Owing to Increasing Demand of Cost-effective Long-Acting Biosimilars

Pegfilgrastim is a long-acting analogue of the natural protein called human granulocytecolony stimulating factor. It is used to help reduce infections in people receiving chemotherapy treatments to treat cancers such as non-Hodgkin’s lymphoma, breast cancer and lung cancer.

The need for pegfilgrastim arises due to side effects of chemotherapy, which can damage the bone marrow and reduce the production of infection-fighting white blood cells for a period after chemotherapy. Pegfilgrastim biosimilars offers a safe, effective and low-cost alternative to the originator treatment.

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The Pegfilgrastim Biosimilars Market is transforming with trends in biologics development and manufacturing efficiency

The Pegfilgrastim Biosimilars Market is transforming with trends in biologics development and manufacturing efficiency

The pegfilgrastim biosimilars market consists of biosimilar drugs developed to be equivalent to Neulasta, a long-acting form of the granulocyte colony-stimulating factor filgrastim. Pegfilgrastim biosimilars help patients undergoing chemotherapy by stimulating the bone marrow to produce more white blood cells, reducing the risk of infections. The drugs provide an affordable alternative to originator brand Neulasta due to their similar safety and efficacy profiles but lower costs.

The Global Pegfilgrastim Biosimilars Market is estimated to be valued at US$ 703 million in 2024 and is expected to exhibit a CAGR of 8.9% over the forecast period 2024 to 2031.

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