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North America and Europe PEGylated Drugs Market size is Anticipated to Grow US$ 10.5 bn by 2024

Author : Rahul Sankrityayan | Published Date : 2019-05-29 

North America and Europe PEGylated Drugs Market size is set to exceed USD 10.5 billion by 2024; according to a new research report by Global Market Insights. Rising incidences of chronic ailments including cancer, multiple sclerosis in the developed economies will act as a major driver for PEGylated drugs market growth. Favorable government support along with increasing funding for research and development by major biopharmaceutical companies in the U.S. and Europe will propel industry growth.

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Growing biologics sector in the developed regions will substantially influence the PEGylated drugs industry over the coming few years. Growing investment for biologics, efficient regulatory process coupled with increased efforts of industry players to develop innovative medicines and drugs are factors contributing towards market growth.

Potential safety risks such as vacuolation and hypersensitivity reactions due to uptake of pegylated drugs will impede market growth. Drug recalls owing to adverse side effects of drugs is further expected to hamper revenue size. 

Cancer dominated the industry owing to the high prevalence of the disease across North America and European region. Increasing government spending for cancer research along with availability of pegylated drugs such as Neulasta and Oncaspar offering numerous benefits for effective treatment of cancer will stimulate market growth in the future. 

Multiple sclerosis will witness considerable growth over the coming years. This growth is attributable to increasing usage of Plegridy, a peginterferon beta-1 drug used for the treatment of relapsing multiple sclerosis.

Colony stimulating factors held the largest revenue share in 2017 due to increasing adoption of granulocyte CSF called pegfilgrastin. Benefits offered by such molecules such as reducing the risk of neutropenia and infections caused by bone marrow transplantation or chemotherapy will boost its market growth.

U.S. was dominating the PEGylated drugs industry due to the presence of large patient pool suffering from chronic disorders along with growing biologics sector in the country. Increasing investments for R&D by pharmaceutical players along with availability of numerous approved pegylated drugs will further contribute towards market growth.  

Germany pegylated drugs market will experience considerable growth due to growing prevalence of chronic diseases along with presence of well-established and local players developing PEGylated drugs in the country. 

North America & Europe PEGylated Drugs Market by Disease Indication

1 Cancer
2 Hepatitis 
3 Multiple sclerosis
4 Gastrointestinal disorders

North America & Europe PEGylated Drugs Market by Type

1 Monoclonal antibodies (mAbs)
2 Colony stimulating factors
3 Interferons

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Chapter 1.  Methodology

1.1. Methodology
1.1.1.  Methodology
1.1.2.  Market definition
1.1.3.  Forecast parameters
1.1.4.  Data sources
1.1.4.1.    Primary
1.1.4.2.    Secondary

Chapter 2.  Executive Summary

2.1. North America & Europe PEGylated drugs industry 3600 synopsis, 2013 - 2024 (USD Million)
2.1.1.  Business trends
2.1.2.  Disease indication trends
2.1.3.  Type trends
2.1.4.  Regional trends

Chapter 3.  North America & Europe PEGylated Drugs Industry Insights

3.1. Industry segmentation
3.2. Industry impact forces
3.2.1.  Growth drivers
3.2.1.1.    Increasing prevalence of cancer in developed regions
3.2.1.2.    Rising R&D spending by biotechnology & pharmaceutical companies in U.S. and Europe
3.2.1.3.    Growing biologics sector in the developed economies

Data Tables

TABLE 1.    North America & Europe PEGylated drugs industry 3600 synopsis, 2013 – 2024
TABLE 2.    Industry impact forces
TABLE 3.    Cancer market size, by country, 2013 - 2024
TABLE 4.    Hepatitis market size, by country, 2013 - 2024
TABLE 5.    Multiple sclerosis market size, by country, 2013 - 2024
TABLE 6.    Gastrointestinal disorders market size, by country, 2013 - 2024
TABLE 7.    Others market size, by country, 2013 - 2024
TABLE 8.    Monoclonal antibodies (mAbs) market size, by country, 2013 - 2024
TABLE 9.    Colony stimulating factors market size, by country, 2013 - 2024
TABLE 10.   Interferons market size, by country, 2013 - 2024


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About Author

Rahul Sankrityayan

Rahul Sankrityayan

Fortified with a post-graduate degree in Computer Applications, Rahul Sankrityan writes for Fractovia, where he pens down news and articles spanning across segments of technology industry that excite him on a day-to-day basis. Rahul comes with a rich experience in technical field as well as writing. He can be contacted at- [email protected] | https://twitter.com/sankritsays

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