South Korea Pegfilgrastim Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
The South Korea Pegfilgrastim market has been experiencing significant growth, driven by the increasing demand for treatments related to chemotherapy-induced neutropenia. Pegfilgrastim, a long-acting form of granulocyte colony-stimulating factor (G-CSF), plays a critical role in stimulating the production of white blood cells, helping patients undergoing chemotherapy recover more quickly. As cancer rates continue to rise in South Korea, the demand for Pegfilgrastim is expected to grow, making it an essential product in the pharmaceutical market.
In South Korea, the application of Pegfilgrastim is primarily seen in hospitals and specialized healthcare centers where chemotherapy is a routine treatment. Its use significantly reduces the risks associated with chemotherapy, such as infections due to low white blood cell counts. Pegfilgrastim is commonly prescribed to cancer patients to prevent febrile neutropenia, a potentially dangerous condition caused by chemotherapy-induced low white blood cell count. This increasing demand has led to a surge in market opportunities for pharmaceutical companies and healthcare providers.
The requirement for Pegfilgrastim in South Korea is influenced by several factors, including the growing awareness of cancer and advancements in treatment options. The Korean government’s supportive stance on healthcare innovations also plays a key role in facilitating market growth. Additionally, the rising number of cancer cases has made it necessary for healthcare providers to focus more on supportive therapies like Pegfilgrastim to ensure better patient outcomes.
Furthermore, South Korea's aging population presents another significant market driver. As the elderly are more prone to chronic conditions and cancer, the demand for effective treatments such as Pegfilgrastim is expected to increase. Pharmaceutical companies need to focus on meeting the stringent regulatory standards set by South Korea’s Ministry of Food and Drug Safety (MFDS) to enter the Pegfilgrastim market and ensure their products are safe and effective for use in clinical settings.
The future of the Pegfilgrastim market in South Korea looks promising, with continuous research and development efforts aimed at improving the efficacy and reducing the cost of these treatments. Furthermore, the collaboration between international pharmaceutical companies and local distributors will help to meet the growing demand and supply needs of the South Korean healthcare sector.
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Amgen
Mylan
Coherus BioSciences
Amgen
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Pegfilgrastim Market
Cancer Treatment
Bone Marrow Transplantation
Chronic Neutropenia
Secondary Neutropenia due to Chemotherapy
Hospitals
Oncology Clinics
Ambulatory Surgical Centers
Homecare Settings
Pre-filled Syringes
Injectable Solutions
Lyophilized Powder
Other Forms
Direct Sales
Pharmacy Retailers
Online Pharmacies
Wholesale Distributors
Pediatric Patients
Adult Patients
Elderly Patients
Patients with Co-morbid Conditions
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Pegfilgrastim Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Pegfilgrastim Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Pegfilgrastim Market, By Type
6. South Korea Pegfilgrastim Market, By Application
7. South Korea Pegfilgrastim Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Pegfilgrastim Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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