Future Outlook of the Phesgo Market: Growth, Trends, and Emerging Opportunities Explored
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How has the phesgo market size evolved in recent years?
The market for phesgo has expanded at an XX (HCAGR) recently. It’s projected to surge from $XX million in 2024 to $XX million in 2025, with a compound annual growth rate (CAGR) of XX%. The growth experienced in the past is primarily due to increased cognizance of HER2-positive breast cancer and the subsequent expansion of HER2-targeted therapies. Additionally, investments in the pharmaceutical sector, governmental health initiatives, and advantageous reimbursement policies have also contributed significantly towards the growth.
What are the predictions for the phesgo market size in the coming years?
Expectations indicate that the phesgo market will experience an XX (FCAGR) surge in the upcoming years, with its market size anticipated to reach $XX million by 2029, with a Compound Annual Growth Rate (CAGR) of XX%. Reasons contributing to this growth during the projected period include the thriving biologics sector, improvements in the healthcare infrastructure, growing adoption of combination therapies, increased preference for targeted treatments, heightened emphasis on patient-centric care, and a rising interest in subcutaneous biologics. The forecast period will also see key trends including advancements in cancer immunotherapy, breakthroughs in cancer treatment methods, technological progress in drug delivery, enhanced HER2 testing methods, and incorporation with digital health platforms.
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What key factors are fueling the growth of the phesgo market?
The phesgo market is projected to expand due to a surge in breast cancer incidents. Breast cancer initiates in the breast cells, primarily from the milk ducts or lobules, and it can metastasize to other body parts. The escalating breast cancer incidences have been linked with age, genetic factors, lifestyle alterations, environmental factors, and hormonal influences. Phesgo is beneficial for those with breast cancer, as it offers a fixed-dose blend of pertuzumab and trastuzumab that work in tandem to impede the HER2 protein that drives tumor growth and advancement. This reduces the administration time and enhances the overall treatment experience. For example, data from the American Cancer Society, a professional organization based in the US, the new cases of breast cancer in the United States increased from 300,590 in 2023 to 313,510 in 2024. Therefore, the rise in instances of breast cancer is propelling the growth of the phesgo market.
How is the global phesgo market divided into key segments?
The phesgo market covered in this report is segmented –
1) By Indication: Early Breast Cancer; Metastatic Breast Cancer
2) By Formulation: Subcutaneous Injection; Intravenous Infusion
3) By Distribution Channel: Direct Sales; Online Pharmacies; Wholesale Distributors
4) By End User: Hospitals; Oncology Clinics; Home Healthcare
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Who are the key firms paving the way for growth in the phesgo market?
Major companies operating in the phesgo market are F. Hoffmann-La Roche AG; Chugai Pharmaceutical Co. Ltd.
Which trends are expected to transform the phesgo market?
One prominent trend in the phesgo market is the introduction of groundbreaking therapies such as monoclonal antibody combination therapy, aimed at boosting the effectiveness of treatments and enhancing patient results in oncology. The monoclonal antibody combination therapy involves the simultaneous use of two or more monoclonal antibodies, each targeting different facets of a disease, which often enhances treatment efficacy and bypasses possible resistance mechanisms. For example, in November 2023, Chugai Pharmaceutical Co. Ltd., an indigenous pharmaceutical company from Japan, initiated the Phesgo combination for Subcutaneous Injection MA, IN. Phesgo serves as a combined injectable medication containing pertuzumab and trastuzumab, which are two monoclonal antibodies, in tandem with hyaluronidase alfa for the treatment of HER2-positive breast cancer and progressed HER2-positive colorectal cancer. This presents a conveniently administered subcutaneous alternative to intravenous infusion.
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What regions are contributing significantly to the growth of the phesgo market?
North America was the largest region in the phesgo market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the phesgo market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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