Comprehensive Neutropenia Biologic Drug Treatment Market Analysis, By The Business Research Company
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
North America held the largest neutropenia biologic drug treatment market share.
The global neutropenia biologic drug treatment market is expected to grow from $11.26 billion in 2022 to $12.29 billion in 2023 at a compound annual growth rate (CAGR) of 9.1%. The neutropenia biologic drug treatment market is expected to grow from $15.79 billion in 2027 at a CAGR of 6.5%.
Major Driver In The Neutropenia Biologic Drug Treatment Market – Rise In The Number Of Cancer Cases Across The Globe
According to the American Cancer Society, there will likely be 1.9 million new cancer diagnoses and 609,360 cancer-related deaths in the United States in January 2022, or around 1,670 deaths each day. Lung, prostate, bowel, and female breast cancer are the four most frequent kinds of cancer worldwide, accounting for 43 percent of all new cancer cases. As a result, the global increase in cancer incidence rates is expected to drive demand for the neutropenia biologic medication therapy market in the approaching years.
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Key Neutropenia Biologic Drug Treatment Market Segments
1) By Drug Type: Filgrastim, Pegfilgrastim, Lenograstim, Lipegfilgrastim, Sargramostim
2) By Treatment Type: Antibiotic Drugs, Granulocyte-Colony-Stimulating Factor (G-CSF), Antifungal Drugs, Other Treatment Types
3) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Online Pharmacies
Recent Neutropenia Biologic Drug Treatment Market Trend – Developing Novel Drug Delivery Systems
Companies in the neutropenia biologic medication treatment market are progressively investing in the development of innovative drug delivery systems to improve the medicine’s therapeutic response and efficacy. Novel drug delivery technologies enable the delivery of a very high dose of medicines directly into neutrophils while keeping the systemic dose low, hence preventing side effects. For example, Asalyxa Bio announced its establishment and seed investment in August 2020 in order to expedite ASX-100 towards first-in-human trials in 2021. ASX-100 is a new spherical particle that delivers salicylic acid, a safe and efficient anti-inflammatory medication, directly to overactive immune cells and is used to treat severe neutrophil-mediated illness.
Neutropenia Biologic Drug Treatment Market Prominent Players
Major players in the neutropenia biologic drug treatment market are Teva Pharmaceutical, Amgen, Sanofi, Mylan, Kyowa Kirin, Baxter International, CVS Health Corp., Novartis, Spectrum Pharmaceuticals, and Partner Therapeutics.
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The Neutropenia Biologic Drug Treatment Global Market Report 2023 provides a comprehensive overview on the neutropenia biologic drug treatment market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the neutropenia biologic drug treatment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Neutropenia biologic drug treatment refers to medications that lower fevers or possible infections while also activating the bone marrow and increasing neutrophil production. Neutropenia is caused by a shortage of neutrophils, a type of white blood cell.
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