PUBLISHER: Allied Market Research | PRODUCT CODE: 1043770
PUBLISHER: Allied Market Research | PRODUCT CODE: 1043770
The global filgrastim market was valued at $ 562.50 million in 2020 and is projected to reach $ 745.90 million by 2030 registering a CAGR of 2.80% from 2021 to 2030.
Filgrastim is a drug that is used to increase the production of granulocytes (a type of white blood cell) in patients who are receiving treatment that causes low white blood cell counts. Filgrastim is used to prevent infection and neutropenic (low white blood cells) fevers caused by chemotherapy. Filgrastim is a support medication used in this therapy. Filgrastim injection is also used to increase the chance of survival in people who have been exposed to harmful amounts of radiation, which can cause severe and life-threatening damage to bone marrow. Furthermore, filgrastim is in a class of medications called colony-stimulating factors. It aids the body's production of neutrophils. On the other hand, common adverse effects of filgrastim include joint pain, chest pain, hair loss, and vomiting.
Factors such as increase in prevalence of various diseases and surge in geriatric population, drive the filgrastim market growth. Furthermore, increase in pressure to decrease healthcare expenditure and surge in demand for filgrastim due to its cost effectiveness is anticipated to boost the growth of this market. In addition, surge in demand for biosimilars in the treatment of neutropenia further impede the market growth. However, common adverse effects of filgrastim include joint pain, chest pain, hair loss, and vomiting hinder the market growth. Conversely, increase in investing extensively in R&D activities for the development of effective and innovative biosimilars will further provide opportunities for the market.
The global filgrastim market segmented on the basis of drug type, distribution channel, indication and region. On the basis of drug type, it is further classified into biologic and biosimilar. By distribution channel, it is divided into hospital pharmacies, retail pharmacies and online pharmacies. Based on indication, it is categorized into chemotherapy induced netropenia, chronic neutropenia and others. Region wise, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
By Drug Type
By Distribution Channel
By Indication
By Region