Global Pegfilgrastim Biosimilars Market Report and Forecast 2023-2031
Global Pegfilgrastim Biosimilars Market Outlook
The global pegfilgrastim biosimilars market size was valued at USD 0.54 million in 2022 and is projected to grow at a CAGR of 7% during the forecast period of 2023-2031. The market growth can be attributed to the increasing prevalence of cancer, a growing geriatric population, and the rising demand for affordable cancer therapies.
Global Pegfilgrastim Biosimilars Market: Introduction
Pegfilgrastim biosimilars are biologically similar versions of the reference pegfilgrastim product, which is used to stimulate the growth of white blood cells to help reduce the risk of infection during cancer treatment. These biosimilars have demonstrated comparable safety and efficacy to the reference product but are typically available at a lower cost, making them an attractive option for healthcare systems and patients. The increasing prevalence of cancer, coupled with the growing demand for cost-effective cancer treatments, is driving the demand for pegfilgrastim biosimilars. Other factors, such as the expiration of key patents and the development of robust regulatory frameworks, are also expected to drive market growth.
Pegfilgrastim Biosimilars Market Segmentations
The market can be segmented based on indication, product type, application, distribution channel, and region:
Market Breakup by Indication Type
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