PEGFILGRASTIM BIOSIMILARS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)
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Patent Expiries of Pegfilgrastim Biosimilars
Several leading brands of pegfilgrastim have lost their patent protection in the recent past, thus, allowing for manufacturing and sale of affordable biosimilar versions. Neulasta, the pioneering pegfilgrastim therapy, lost exclusivity in the U.S. in 2018. This paved way for multiple biosimilar entrants with pegfilgrastim, which are significantly lower priced than the originator brand. Healthcare systems and patients now have access to cheaper biosimilar options without compromising on quality or efficacy. This has boosted overall adoption of pegfilgrastim and volume growth prospects appear promising as physicians and patients increasingly opt for more affordable biosimilars in place of originator versions. Lower prices ensuing from patent expiry of blockbuster brands can facilitate wider global access and uptake of pegfilgrastim biosimilars.
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