Filgrastim Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.15 Billion |
| Market Size (2029) | USD 2.60 Billion |
| CAGR (2024 - 2029) | 3.86 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Filgrastim Market Analysis
The Filgrastim Market size is estimated at USD 2.15 billion in 2024, and is expected to reach USD 2.60 billion by 2029, growing at a CAGR of 3.86% during the forecast period (2024-2029).
Filgrastim is commonly prescribed to cancer patients undergoing chemotherapy. Chemotherapy often suppresses the bone marrow's ability to produce enough white blood cells, leaving patients vulnerable to infections. The market for filgrastim is driven by the increasing prevalence of cancer, rising awareness about supportive care measures, and an expanding number of product approvals of both as mono or in combination.
The growing burden of cancer cases increases the need for filgrastim to produce enough white blood cells in those patients. For instance, according to data published by the International Agency for Research on Cancer (IARC) in February 2024, there were an estimated 20 million new cancer cases globally in 2022, which is estimated to be over 35 million new cancer cases by 2050. As per the same source, the three major cancer types reported globally in 2022 included lung, breast, and colorectal cancers. This shows the growing burden of cancer cases globally, which is expected to raise the need for filgrastim treatment, thereby boosting the market’s growth over the forecast period.
The strategies adopted by new market players, such as collaborations and agreements, increase the availability of the products in various countries, driving the market’s growth over the forecast period. For instance, in May 2022, Amgen purchased from Roche the assets and business related to filgrastim and pegfilgrastim in the European Union, Switzerland, and Norway. However, Roche continues as the licensee for filgrastim in the rest of the Middle East, Africa, Asia, and Latin America. With these collaborations, the products can be distributed globally, which is expected to increase filgrastim's availability globally and boost market growth over the forecast period.
Therefore, the growing burden of cancer cases and market player strategies are expected to drive market growth over the forecast period. However, the side effects and adverse effects of filgrastim treatment reduce the usage of these products, which is expected to hinder the market's growth over the forecast period.
Filgrastim Market Trends
The Biosimilar Segment is Expected to Hold a Major Market Share Over the Forecast Period
Biosimilar filgrastim closely resembles the approved biologic drug filgrastim. It was developed to compare quality, safety, and efficacy to the original filgrastim. It undergoes rigorous testing before being approved for use to ensure it meets these standards. The biosimilar filgrastim segment is expected to grow significantly over the forecast period owing to the drug's affordable cost, increasing burden of cancer cases, and growing public awareness of biosimilar drugs.
The growing initiatives by various market players to increase the usage of biosimilars globally are likely to raise the demand for biosimilar filgrastim over the coming years. For instance, in May 2022, Sandoz initiated Act4Biosimilars, a global campaign to boost biosimilar adoption rates by a minimum of 30% across over 30 countries by 2030. Act4Biosimilars aims to enhance patient access to advanced medicines by improving the approvability, accessibility, acceptability, and affordability (the 4 A’s) of biosimilars. Hence, the growing awareness among the public about biosimilars with these initiatives will likely boost the segment’s growth over the forecast period.
Furthermore, new product launches increase the widespread availability of biosimilar filgrastim products to the public, which is expected to boost the segment's growth over the forecast period. For instance, in November 2022, Amneal Pharmaceuticals Inc. launched RELEUKO (filgrastim-ayow), a biosimilar to Neupogen, in the United States. This offering targets the treatment of chemotherapy-induced neutropenia.
Therefore, the factors mentioned above, such as growing awareness of biosimilar usage and new product launches, are expected to propel the segment's growth over the forecast period.
North America is Expected to Hold a Significant Share of the Market Over the Forecast Period
North America is expected to hold a significant market share due to the higher prevalence of cancer and HIV infections, advancements in medical technology, which are leading to better and more efficient filgrastim products, and growing awareness of the usage of biosimilar drugs in the region.
The growing burden of cancers in the United States is expected to increase the treatment using various chemotherapy drugs, leading to neutropenia, which can be managed using filgrastim. For instance, according to the data published by the National Cancer Institute in May 2024, approximately 2.0 million new cancer cases are expected to be diagnosed in the United States in 2024, compared to 1.95 million in 2023. This shows the growing burden of cancer in the country, which is expected to drive market growth over the forecast period.
Pharmaceutical and biopharmaceutical companies' growing initiatives to raise awareness about biosimilar usage in the country are expected to drive market growth. For instance, in November 2022, the Biosimilars Council of the Association for Accessible Medicines and other members of the International Generic and Biosimilar Medicines Association (IGBA) expressed their commitment to raising awareness about biosimilars. This awareness is expected to increase the usage of affordable biosimilar filgrastim products, boosting the market’s growth in the region over the forecast period.
Moreover, the market players are adopting strategic activities such as partnerships and agreements to expand the availability of these drugs. For instance, in May 2023, Tanvex BioPharma Inc. entered into a distribution agreement with Sandoz AG for Nypozi (filgrastim) in Canada. This ensured widespread availability of filgrastim products in the region, which is expected to boost the market’s growth over the forecast period. Therefore, with the high burden of cancers, growing awareness, and company activities, the market is expected to grow significantly in the region over the forecast period.
Filgrastim Industry Overview
The filgrastim market is fragmented due to the presence of several large and small filgrastim manufacturing companies, especially in developing countries. In addition, the companies often engage in various strategic activities such as developing new formulations, market expansion, and support programs to gain a competitive edge. By engaging in these strategic activities, companies in the filgrastim market can navigate the competitive landscape, address market needs, and capitalize on opportunities for growth and differentiation. Some of the key players in the filgrastim market are Teva Pharmaceutical Industries Ltd (Cephalon Inc.), Amgen Inc., Pfizer Inc., Amneal Pharmaceuticals LLC., and Sandoz Group AG.
Filgrastim Market Leaders
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Amgen Inc
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Pfizer Inc.
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Sandoz Group AG
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Amneal Pharmaceuticals LLC.
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Teva Pharmaceutical Industries Ltd (Cephalon, Inc)
*Disclaimer: Major Players sorted in no particular order
Filgrastim Market News
- June 2024: Tanvex BioPharma Inc. secured FDA approval for its biologics license application for NYPOZI (filgrastim-txid), a biosimilar that references NEUPOGEN (filgrastim). NYPOZI aims to reduce the risk of infections, specifically febrile neutropenia, in patients undergoing treatment for non-myeloid malignancies. These patients are receiving myelosuppressive anticancer drugs known to significantly increase the risk of severe neutropenia accompanied by fever.
- January 2024: Sandoz launched its biosimilar Nypozi (filgrastim) in Canada. Nypozi, a short-acting molecule, is a counterpart to Ziextenzo (pegfilgrastim), a long-acting medication designed to lower the incidence of infections, particularly febrile neutropenia, in patients undergoing chemotherapy.
Filgrastim Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Burden of Various Cancer Cases
4.2.2 Increasing Number of Product Approvals and Launches
4.3 Market Restraints
4.3.1 Side Effects and Adverse Effects With Filgrastim Treatment
4.4 Porter's Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Drug Type
5.1.1 Biologics
5.1.2 Biosimilars
5.2 By Distribution Channel
5.2.1 Offline Pharmacies
5.2.2 Online Pharmacies
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Italy
5.3.2.5 Spain
5.3.2.6 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 China
5.3.3.2 Japan
5.3.3.3 India
5.3.3.4 Australia
5.3.3.5 South Korea
5.3.3.6 Rest of Asia-Pacific
5.3.4 Middle East and Africa
5.3.4.1 GCC
5.3.4.2 South Africa
5.3.4.3 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Teva Pharmaceutical Industries Ltd (Cephalon Inc.)
6.1.2 Amgen Inc.
6.1.3 Pfizer Inc.
6.1.4 Amneal Pharmaceuticals LLC
6.1.5 Sandoz Group AG
6.1.6 Kyowa Kirin Co. Ltd
6.1.7 Cadila Pharmaceuticals.
6.1.8 Apotex Inc.
6.1.9 Toksöz Group (Arven Pharmaceuticals)
6.1.10 Lupin Limited
6.1.11 Dr. Reddy’s Laboratories Ltd
6.1.12 Intas Pharmaceuticals Ltd
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Filgrastim Industry Segmentation
As per the scope of the report, filgrastim is a medication classified under colony-stimulating factors used to stimulate the production of white blood cells in the body. It is commonly used in cancer patients undergoing chemotherapy to reduce the risk of infection.
The filgrastim market is segmented by drug type, distribution channel, and geography. By drug type, the market is segmented into biologics and biosimilars. By distribution channel, the market is segmented into offline pharmacies and online pharmacies. By geography, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for 17 countries across major regions globally. Market sizing and forecasts were made for each segment based on value (USD).
| By Drug Type | |
| Biologics | |
| Biosimilars |
| By Distribution Channel | |
| Offline Pharmacies | |
| Online Pharmacies |
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Filgrastim Market Research FAQs
How big is the Filgrastim Market?
The Filgrastim Market size is expected to reach USD 2.15 billion in 2024 and grow at a CAGR of 3.86% to reach USD 2.60 billion by 2029.
What is the current Filgrastim Market size?
In 2024, the Filgrastim Market size is expected to reach USD 2.15 billion.
Who are the key players in Filgrastim Market?
Amgen Inc, Pfizer Inc., Sandoz Group AG, Amneal Pharmaceuticals LLC. and Teva Pharmaceutical Industries Ltd (Cephalon, Inc) are the major companies operating in the Filgrastim Market.
Which is the fastest growing region in Filgrastim Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Filgrastim Market?
In 2024, the North America accounts for the largest market share in Filgrastim Market.
What years does this Filgrastim Market cover, and what was the market size in 2023?
In 2023, the Filgrastim Market size was estimated at USD 2.07 billion. The report covers the Filgrastim Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Filgrastim Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Filgrastim Industry Report
Statistics for the 2024 Filgrastim market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Filgrastim analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
