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The pegfilgrastim biosimilars market is forecasted to achieve notable growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 10%, as per The Business Research Company’s market report!

Read More On The Pegfilgrastim Biosimilars Market Report 2022 – https://www.thebusinessresearchcompany.com/report/pegfilgrastim-biosimilar-global-market-report

The Pegfilgrastim Biosimilars Market Size In 2022 And Forecast

The global pegfilgrastim biosimilars market is expected to grow from $1.17 billion in 2021 to $1.28 billion in 2022 at a compound annual growth rate (CAGR) of 10%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The pegfilgrastim biosimilars market is expected to reach $1.92 billion in 2026 at a CAGR of 10.6%.

The pegfilgrastim biosimilars market consists of the sales of pegfilgrastim biosimilars and related services offered by the companies that develop and manufacture them.

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Government Initiatives For The Development Of Biosimilars Is Driving The Growth Of The Pegfilgrastim Biosimilars Market

The US Food and Drug Administration (FDA) launched a Biosimilar Action Plan, to increase treatment options. The Australian government is committed to the Biosimilar Awareness Initiative and they improved their commitment by supporting the Generic and Biosimilar Medicines Association through a grant of $5 million to accept increased general biosimilar education and activities that promote the suitable dispensing, prescription and use of biosimilar medicines. Hence, the government initiatives for the development of biosimilars aids in the increased production and awareness which in turn supported the growth of the pegfilgrastim biosimilars market.

Competitive Landscape And The Regional Analysis Of The Pegfilgrastim Biosimilars Market

Major players in the pegfilgrastim biosimilars market are Mylan, Biocon, Mundipharma, Pfizer, Sandoz, Coherus, Intas Pharmaceuticals and Fresenius Kabi.

Additionally, as per TBRC’s research – North America was the largest region in the pegfilgrastim biosimilars market in 2021 holding the largest market share and Middle East is expected to be the fastest-growing region in the forecast period.

The Pegfilgrastim Biosimilars Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the pegfilgrastim biosimilars market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the pegfilgrastim biosimilars market.

Product Innovation Through Strategic Collaborations – A Key Trend In The Pegfilgrastim Biosimilars Market

To sustain in the increasingly competitive market, companies are developing innovative products as well as sharing skills and expertise with other companies. While companies have long collaborated with each other as well as academic and research institutions in this market by way of partnerships, in or out licensing deals, this trend has been increasing over the recent years.

Pegfilgrastim Biosimilars Market Segmentation By The Business Research Company

1) By Application: Chemotherapy Treatment, Transplantation, Others

2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Mail-Order Pharmacies

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