Over the course of the projected period, market growth is anticipated to be fueled by the leading players’ increased adoption of inorganic methods including collaboration. For instance, Humanigen, Inc., a clinical-stage biopharmaceutical company, and Lonza, a global manufacturer for the pharmaceutical, biotechnology, and nutrition sectors, announced a strategic partnership in September 2020 to increase the manufacturing capacity for lenzilumab, a GM-CSF neutralising monoclonal antibody, which is currently in Phase 3 clinical trials for COVID-19.
The financial standing of companies in all industries, including the private healthcare sector, has been harmed by the COVID-19 epidemic and lockdowns in numerous nations throughout the world.
Governments from several nations are concentrating on programmes to combat the COVID-19 pandemic and halt the spread of the coronavirus illness by putting various strategies into place. To stop the spread of COVID-19, nations including India, the U.A.E., the U.K., and others have put some policies into place.
Additionally, the Indian government began putting more of an emphasis on enhancing its healthcare system and providing vaccination facilities to all of the nation’s residents. For instance, the Department of Biotechnology Ministry of Science & Technology backed the anti-viral medicine Virafin (pegylated interferon alpha-2b) manufactured by Zydus Cadila and licenced for emergency use for moderate COVID-19 infection by the Drug Controller General Of India (DCGI). Zydus received funding from the National Biopharma Mission (NBM) through the Biotechnology Industry Research Assistance Council (DBT-BIRAC) COVID-19 Research Consoritum to carry out Phase II human clinical trial investigations for Virafin.
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📌 Key Developments
A licence and collaboration agreement with Alpine Immune Sciences, a clinical-stage biopharmaceutical company dedicated to discovering and developing novel, protein-based immunotherapies, was announced by Horizon Therapeutics Plc. in December 2021. Alpine Immune Sciences is developing novel protein-based therapies for autoimmune and inflammatory diseases. In addition to a research cooperation to produce other novel candidates, the agreement involves licencing of a lead, potentially first-in-class preclinical candidate.
The supplemental Biologics License Application (sBLA) for REBINYN was authorised by the U.S. Food and Drug Administration (FDA) in July 2022, according to a multinational healthcare firm named Novo Nordisk A/S. Adults and kids with haemophilia B take REBINYN (congenital factor IX deficiency).
Additionally, the market is anticipated to benefit from the growing use of inorganic growth tactics by industry participants, such as collaboration. For instance, in September 2020, Lonza, a worldwide manufacturer for the pharmaceutical, biotechnology, and nutrition industries, and Humanigen, Inc., a clinical-stage biopharmaceutical firm, established a strategic partnership to increase the manufacturing capacity for lenzilumab, a drug.
📌 Key Takeaways
The segment growth over the forecast period is anticipated to be driven by the leading players’ expanding product offerings in various nations, which is expected to result in the worldwide PEGylated Proteins Market exhibiting a CAGR of 4.7% during that time. ESPEROCT (Antihemophilic Factor VIII (Recombinant, B-Domain Truncated), PEGylated) and ZONOVATE (Antihemophilic Factor (Recombinant, B-Domain Truncated)) product offerings in Canada to support Canadians living with haemophilia A, for example, was announced by Novo Nordisk A/S, a global healthcare company, in April 2022.
Due to the strong therapeutic efficiency of pegylated nanoparticles associated with the cancer segment, the cancer segment is anticipated to have a dominating position in the global PEGylated proteins market over the forecast period.
For instance, PEGylated haemoglobin (PEG-Hb) nanoparticles (NPs) are a promising drug delivery system to increase the therapeutic efficacy of anticancer medications like paclitaxel (PTX), and they have great potential for translational applications in anticancer treatments, according to a 2019 article from the National Center for Biotechnology Information.
Due to an increase in product approvals by regulatory bodies in the U.S., North America is anticipated to hold the highest market share among the regions in the worldwide PEGylated proteins market throughout the forecast period. For instance, the global healthcare corporation Novo Nordisk declared in July 2022 that the supplemental Biologics License Application (sBLA) for REBINYN had been accepted by the U.S. Food and Drug Administration (FDA). Adults and children with haemophilia B (congenital factor) use REBINYN.
RedHill Biopharma Ltd., Biogen Inc., BioMarin, Pfizer Inc., Bayer AG, UCB S.A., F. Hoffmann-La Roche AG, Leadiant Biosciences, Inc., Novo Nordisk A/S, Amgen Inc., Horizon Therapeutics Plc., and Thermo Fisher Scientific Inc. are significant market participants.
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📌 Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 PEGylated Proteins Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: PEGylated Proteins Industry Impact
Chapter 2 Global PEGylated Proteins Competition by Types, Applications, and Top Regions and Countries
2.1 Global PEGylated Proteins (Volume and Value) by Type
2.3 Global PEGylated Proteins (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global PEGylated Proteins Sales, Consumption, Export, Import by Regions (2017-2022)
Chapter 5 North America PEGylated Proteins Market Analysis
Chapter 6 East Asia PEGylated Proteins Market Analysis
Chapter 7 Europe PEGylated Proteins Market Analysis
Chapter 8 South Asia PEGylated Proteins Market Analysis
Chapter 9 Southeast Asia PEGylated Proteins Market Analysis
Chapter 10 Middle East PEGylated Proteins Market Analysis
Chapter 11 Africa PEGylated Proteins Market Analysis
Chapter 12 Oceania PEGylated Proteins Market Analysis
Chapter 13 South America PEGylated Proteins Market Analysis
Chapter 14 Company Profiles and Key Figures in PEGylated Proteins Business
Chapter 15 Global PEGylated Proteins Market Forecast (2023-2030)
Chapter 16 Conclusions
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