DUBLIN–(BUSINESS WIRE)–The “Filgrastim Biosimilars Global Market Opportunities and Strategies to 2030: COVID-19 Implications and Growth” report has been added to ResearchAndMarkets.com’s offering.
Filgrastim Biosimilars Global Market Opportunities and Strategies to 2030: COVID 19 Implications and Growth provides the strategists, marketers and senior management with the critical information they need to assess the global Filgrastim Biosimilars market.
The filgrastim biosimilars market consists of sales of filgrastim biosimilars by entities (organizations, sole traders and partnerships) that manufacture filgrastim biosimilars. Filgrastim biosimilar treatment is used to stimulate the bone marrow to produce more neutrophils (white blood cells) to fight infection in patients undergoing chemotherapy for cancer treatment. The drugs may also be used to increase the number of hematopoietic stem cells in the blood before collection for use in hematopoietic stem cell transplantation. Filgrastim treatment may also be used for treating other diseases such as chronic and autoimmune diseases, growth hormone deficiency and infectious diseases.
The global filgrastim biosimilars market reached a value of nearly $785.33 million in 2019, having increased at a compound annual growth rate (CAGR) of 12.13% since 2015. The market is expected to grow from $785.33 million in 2019 to $860.12 million in 2023 at a rate of 2.30%. The growth is mainly due to the patent expiration of filgrastim biologics and government initiatives. The market is expected to grow from $860.12 million in 2023 to $984. (Read more…)23 million in 2025 at a CAGR of 6.97%. The market is expected to grow and reach $1,279.86 million in 2030 with a CAGR of 5.39%.
Growth in the historic period resulted from emerging markets growth, increase in patent expiration, government initiatives, increased healthcare expenditure, low cost of biosimilars, strong pipeline of drugs and increase in biopharmaceutical R&D expenditure. This growth was restricted by low number of drug approvals and lack of awareness on biosimilars among primary care physicians and specialists.
Going forward, aging population, increase in healthcare access, and rising prevalence of chronic diseases are expected to drive the market. Rise of pegfilgrastim, stringent regulations related to biosimilar approvals, prolonged production and approval times and impact of COVID-19 are major factors that could hinder the growth of the filgrastim biosimilars market in the future.
The filgrastim biosimilars market is highly concentrated, with a small number of large players in the market. The top ten competitors in the market constituting more than 98% of the total market in 2019. Major players in the market include Teva Pharmaceutical Industries, Novartis International AG, Biocon Limited, Intas Biopharmaceuticals and Dr. Reddy’s Laboratories.
The top opportunities in the filgrastim biosimilars market segmented by application will arise in the oncology segment, which will gain $57.5 million of global annual sales by 2023. The top opportunities in the filgrastim biosimilars market segmented by distribution channel will arise in the online pharmacies segment, which will gain $49.1 million of global annual sales by 2023. The filgrastim biosimilars market size will gain the most in the USA at $21.9 million.
To take advantage of the opportunities, the publisher recommends the filgrastim biosimilars market companies to focus on a strategic partnerships, focus on research & development, focus on the production of biosimilars for neutropenia treatment, expand in emerging markets, leverage e-commerce to maximize reach and revenues, leverage online pharmacies, set up authorized distributors and sales representatives, provide competitively priced offerings in low-income countries to reach new users companies, focus on creating awareness, participate in trade shows and events and focus on creating awareness among patients and doctors.
Key Topics Covered:
1. Filgrastim Biosimilars Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1.1. Segmentation by Geography
6.1.2. Segmentation by Application
6.1.3. Segmentation by Distribution Channel
7. Filgrastim Biosimilars Market Characteristics
7.1. Market Definition
7.2. Market Segmentation by Application
7.2.1. Oncology
7.2.2. Chronic and Autoimmune Diseases
7.2.3. Blood Disorders
7.2.4. Growth Hormone Deficiency
7.2.5. Others
7.3. Market Segmentation by Distribution Channel
7.3.1. Hospital Pharmacies
7.3.2. Retail Pharmacies
7.3.3. Online Pharmacies
8. Filgrastim Biosimilars Market Trends and Strategies
8.1. Shift Towards Development of Biosimilars
8.2. Demand For Biosimilars in The Treatment of Neutropenia
8.3. Revised FDA Regulations To Facilitate Biosimilar Drug Development
8.4. Higher Investments
8.5. Growing Mergers and Acquisitions
9. COVID-19 Impact On The Filgrastim Biosimilars Market
10. Global Filgrastim Biosimilars Market Size and Growth
10.1. Market Size
10.2. Historic Market Growth, 2015-2019, Value ($ Million)
10.2.1. Drivers of The Market 2015-2019
10.2.2. Restraints On The Market 2015-2019
10.3. Forecast Market Growth, 2019-2023, 2025F, 2030F Value ($ Million)
10.3.1. Drivers of The Market 2019-2023
10.3.2. Restraints On The Market 2019-2023
11. Global Filgrastim Biosimilars Market Segmentation
11.1. Global Filgrastim Biosimilars Market, Segmentation by Application, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
11.1.1. Oncology
11.1.2. Chronic and Autoimmune Diseases
11.1.3. Blood Disorders
11.1.4. Others
11.1.5. Growth Hormone Deficiency
11.2. Global Filgrastim Biosimilars Market, Segmentation by Distribution Channel, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
11.2.1. Hospital Pharmacy
11.2.2. Retail Pharmacy
11.2.3. Online Pharmacy
12. Filgrastim Biosimilars Market, Regional and Country Analysis
12.1. Global Filgrastim Biosimilars Market, by Region, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
12.2. Global Filgrastim Biosimilars Market, by Country, Historic and Forecast, 2015-2019, 2023F, 2025F, 2030F, Value ($ Million)
Companies Mentioned
- Teva Pharmaceutical Industries Ltd.
- Novartis International AG
- Biocon Limited
- Intas Biopharmaceuticals
- Dr. Reddy’s Laboratories
For more information about this report visit https://www.researchandmarkets.com/r/s2k9qg
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