North America and Europe PEGylated Drugs Market Size & Share 2018 - 2024
Market Size by Disease Indication (Cancer, Hepatitis, Multiple Sclerosis, Gastrointestinal Disorders), by Type (Monoclonal Antibodies, Colony Stimulating Factors, Interferons), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, & Forecast.
Report ID: GMI2511
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Published Date: April 2018
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Report Format: PDF
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Authors:
Monali Tayade, Jignesh Rawal
North America and Europe PEGylated Drugs Market Size
North America & Europe PEGylated Drugs Market size was valued over USD 7.7 billion in 2017 and is expected to witness more than 5% CAGR from 2018 to 2024.
Rising prevalence of chronic diseases including cancer in developed regions coupled with increasing R&D spending by pharmaceutical and biotechnology companies will drive the PEGylated drugs market size. As per American Cancer Society, over 15.5 million Americans are living with cancer and more than 1.7 million new cases are anticipated to be diagnosed in 2018. This will foster demand for PEGylated drugs in the future.
Growing biologics sector such as, new advances in cell therapies, immunotherapies, antibody drug conjugates, gene therapies will offer immense growth opportunities in the future. Increasing acceptance of biologics drugs such as, monoclonal antibodies, colony stimulating factors, and interferons for treatment of chronic diseases will upsurge revenue share of PEGylated drugs in developed regions. However, drug recalls and adverse drug reactions associated with pegylated drugs will hinder business growth during the forecast timeframe.
North America and Europe PEGylated Drugs Market Analysis
Cancer accounted for over 60% of the industry share in 2017. This is attributable to increasing prevalence of cancer along with advancements in the field of cancer research. Increasing usage of advanced drug delivery systems with PEGylation technology is significant in the field of anti-cancer therapy due to ability of PEGylation to enhance retention time of therapeutics. Launch of Neulasta Onpro Kit in the U.S. for self-administration of Neulasta drug at homecare settings post chemotherapy is another major factor boosting segmental revenue size.
Gastrointestinal disorders will witness 19% growth over the forecast period owing to increasing adoption of pegylated drugs for treatment of gastrointestinal diseases. Launch and approval of pegylated drug such as Movantik used for the treatment of opioid-induced constipation (OIC) in adult patients will foster segmental growth.
Colony stimulating factors (CSFs) held more than 55% of the overall market share due to growing number of cancer cases and wide applications of CSFs in cancer treatment. Advantages offered by Pegylated form of granulocyte stimulating colony factor (G-CSF) such as minimized risk of infection in patients undergoing chemotherapy, reduced incidence and duration of febrile neutropenia will upsurge segmental growth.
Monoclonal antibodies (mAbs) will grow substantially over the forecast period to exceed USD 3.5 billion by 2024. Increasing usage of pegylated monoclonal antibodies in the field of anti-cancer therapy and other chronic ailments will propel market growth. For instance, development of Cimzia containing Certolizumab that blocks the tumour necrosis factor and helps in the treatment of Rheumatoid Arthritis will accelerate market growth.
U.S. PEGylated drugs market size was over USD 6 billion in 2017 and is expected to surpass USD 8 billion by 2024. Significant market growth can be attributed to growing incidences of cancer along with rising mortality rates associated with chronic ailments in the country. Additionally, U.S. attracts most of the worldwide project capital investments in start-up biopharmaceutical enterprises. Availability of approved pegylated drugs along with numerous drugs in pipeline will foster business growth. Moreover, rising usage of biologics along with various awareness drives planned by government upsurges PEGylated drugs revenue size.
Germany held over 20% of the regional business share in 2017. The market will witness over 9% CAGR owing to the presence of local manufacturers developing activated PEGs used to produce PEGylated drugs. Emergence of biopharmaceuticals in the region will cater to the increasing demand for such drugs for the treatment of chronic disorders.
North America and Europe PEGylated Drugs Market Share
Some of the major players of North America PEGylated drugs market are :
Prominent players are focusing on R&D activities for developing novel drugs using PEGylation technology for the treatment of chronic diseases to maintain their market position.
North America & Europe PEGylated Drugs Industry Background
Increasing efforts by government for reducing chronic disease burden owing to growing incidences of cancer in the region will drive industry growth. Rising R&D spending on PEGylated drugs as well as increasing funding for cancer research in the U.S. will further propel regional revenue size. Advancement in PEGylation technology along with growing biologics sector will offer immense growth opportunities in the future. Increased efforts of market players with robust pipeline of PEGylated drugs will further propel industry growth.
Research methodology, data sources & validation process
This report draws on a structured research process built around direct industry conversations, proprietary modelling, and rigorous cross-validation and not just desk research.
Our 6-step research process
1. Research design & analyst oversight
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Our approach integrates extensive primary research through direct engagement with industry participants and experts, complemented by comprehensive secondary research from verified global sources. We apply quantified impact analysis to deliver dependable forecasts, while maintaining complete traceability from original data sources to final insights.
2. Primary research
Primary research forms the backbone of our methodology, contributing nearly 80% to overall insights. It involves direct engagement with industry participants to ensure accuracy and depth in analysis. Our structured interview program covers regional and global markets, with inputs from C-suite executives, directors, and subject matter experts. These interactions provide strategic, operational, and technical perspectives, enabling well-rounded insights and reliable market forecasts.
3. Data mining & market analysis
Data mining is a key part of our research process, contributing nearly 20% to the overall methodology. It involves analysing market structure, identifying industry trends, and assessing macroeconomic factors through revenue share analysis of major players. Relevant data is collected from both paid and unpaid sources to build a reliable database. This information is then integrated to support primary research and market sizing, with validation from key stakeholders such as distributors, manufacturers, and associations.
4. Market sizing
Our market sizing is built on a bottom-up approach, starting with company revenue data gathered directly through primary interviews, alongside production volume figures from manufacturers and installation or deployment statistics. These inputs are then pieced together across regional markets to arrive at a global estimate that stays grounded in actual industry activity.
5. Forecast model & key assumptions
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✓ Key growth drivers and their assumed impact
✓ Restraining factors and mitigation scenarios
✓ Regulatory assumptions and policy change risk
✓ Technology adoption curve parameter
✓ Macroeconomic assumptions (GDP growth, inflation, currency)
✓ Competitive dynamics and market entry/exit expectations
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Our triple-layer validation process ensures maximum data reliability:
✓ Statistical Validation
✓ Expert Validation
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Verified data sources
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GMI archive
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