Global Romiplostim
Market Report
2024
Romiplostim market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Romiplostim market size is USD XX million in 2024 and will expand at a compound annual growth rate (CAGR) of 6.0% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Romiplostim Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6% |
North America Romiplostim Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
Europe Romiplostim Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
Asia Pacific Romiplostim Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 8% |
South America Romiplostim Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.4% |
Middle East and Africa Romiplostim Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.7% |
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Market Split by Application |
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Market Split by End-User |
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Market Split by Distribution Channel |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Romiplostim Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
An agonist of the thrombopoietin receptor, rimiplostim promotes platelet formation. In patients with persistent immune thrombocytopenic purpura (ITP), a bleeding disease brought on by a low platelet count, it is used to treat thrombocytopenia. Once a week, the medication is injected subcutaneously. The rising prevalence of ITP and other blood disorders is anticipated to propel the romiplostim market. For the treatment of thrombocytopenia in individuals with persistent immunological (idiopathic) thrombocytopenic purpura (ITP), the FDA has approved romiplostim, a thrombopoietin (TPO) receptor agonist. One glycoprotein that is crucial to the formation of platelets is TPO. When romiplostim binds to megakaryocytes' TPO receptor, platelet formation is stimulated. Leading industry participants are concentrating on and making investments in the romiplostim launch, which is expected to fuel market expansion during the projected time. Market participants are concentrating on lowering pharmaceutical costs so that patients afford to utilise the drug.
In July 2019, Romiplostim is introduced in India for the first time by intas, dramatically lowering the cost of Treating Chronic Immune Thrombocytopenia (ITP). The business that was the first to introduce Romiplostin also known as Romy in India is helping people with persistent immune thrombocytopenia (ITP) have easier access to treatment.
Increase in demand for romiplostim due to its use in paediatric and adult patients worldwide is anticipated to boost the market expansion during the forecast period. In India, it is expected that 42,000 people receive an ITP diagnosis annually. Less than 10% of adult patients and children alike have access to the care needed to keep their platelet counts at a sufficient level for an extended period of time. Long-term medication use is necessary in ITP in order to maintain a sufficient platelet count. A medication such as romiplostim, which is affordable for most patients and provides one of the best responses among available therapy alternatives are needed which is projected to drive the market growth.
Romiplostim is used to treat primary immune thrombocytopenia, a chronic condition which is anticipated to boost the market growth during the forecast period. Thrombopoietin receptor agonist rimiplostim was shown in both real-world observational studies and randomised controlled trials to normalise platelet counts in affected patients. In addition, in both splenectomized and nonsplenectomized patients, romiplostim precisely binds to the thrombopoietin receptor to boost and then sustain platelet counts, allowing patients to reduce or stop taking concurrent ITP medicines. In these unselected ITP patients, romiplostim dosage, efficacy, and safety appeared with findings from clinical trials.
The main factor hampering the market expansion is high treatment of cITP with EPAG is associated with a lower net cost per patient than ROMI due to decreased drug-acquisition expenses (including medication wastage) and administration costs. The method of making Romiplostim is intricate and expensive, even with little research costs. This calls for large financial outlays, expertise in clinical trials, and process enhancements. In contrast to generic medicine manufacturers, Romiplostim makers will also have to make investments in safety control methods and clinical research that are on par with those carried out by original patent-holding companies. Manufacturing is a difficult task. Additionally, it's challenging to manage the predicted product variety. Problems may arise from end products that are produced differently from their reference products.
The current COVID-19 outbreak began in 2019 and has quickly expanded over the world. COVID-19 instances are increasing worldwide, causing an economic recession. The pandemic is having a significant impact on developed countries. An major COVID-19 consequence that has surfaced is immune thrombocytopenia, also referred to as immune thrombocytopenic purpura (ITP). To examine the clinical characteristics and results of 45 new-onset ITP instances in COVID-19 patients that have been reported in the literature to date, a systematic review was conducted. Diagnosing COVID-19-associated ITP requires a thorough approach after ruling out a number of concurrent variables that can result in COVID-19-associated thrombocytopenia. Eltrombopag has been reported to raise platelet counts in children with hereditary thrombocytopenia, and romiplostim has demonstrated a platelet response in paediatric patients with chronic immunological thrombocytopenic.
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Key players deploy strategic initiatives such as product innovations, partnerships, and mergers. Companies prioritize R&D to introduce cutting-edge reagents, ensuring a competitive edge. Robust distribution networks and adherence to quality standards amplify market presence, fostering an environment where agility and innovation define industry leaders.
In November 2012, Amgen announced that Nplate(TM) (romiplostim) is given marketing authorization in the European Union (EU) based on a positive judgement from the European Committee for Medicinal Products for Human Use (CHMP). For adults with splenectomized chronic immune thrombocytopenia purpura (ITP) who are not responding to alternative therapies, such as corticosteroids or immunoglobulins, the CHMP suggests Nplate. When surgery is not recommended, nplate may be used as a second line of treatment for adult non-splenectomized patients.
In October 2022, according to European Medicines Agenc, Nplate was proven to be beneficial for treating long-standing ITP in two major adult studies and a third study including children. In every study, Nplate was contrasted with a placebo, or fake treatment. The primary indicator of therapy efficacy for the patients, who had a 24-week course of treatment, was an increase in platelet count exceeding a threshold of 50 million platelets per millilitre of blood for at least six of the final eight weeks of treatment.
(Source: https://www.ema.europa.eu/en/medicines/human/EPAR/nplate)
Top Companies Market Share in Romiplostim Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue. Throughout the projection period, the rising incidence of thrombocytopenia, a disorder marked by a low platelet count, is anticipated to fuel the need for romiplostim. Every week, a subcutaneous injection of romiplostim is administered. Each person will require a different dosage of romiplostim. The duration of the course of treatment will also differ for each patient. The substantial research being done on treating the specified ailment and the global increase in healthcare spending, both of which would increase the market's size and allow pharmaceutical companies to further enter it.
The Asia Pacific region is witnessing increasing research and development of romiplostim. Businesses and researchers are attempting to evaluate obstacles and look for chances that may impact the supremacy of romiplostim. Novel techniques to treat or enhance the disease status are the main focus of the medicines now under development. Romiplostim is facing competition from other approved medications for the condition, and the market will be greatly impacted in the near future by the introduction of late-stage developing therapies.
The current report Scope analyzes Romiplostim Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global romiplostim market size was estimated at USD XX Million out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031. In North America, rising environmental awareness, incentives from the government, and technological developments anticipated to drive the market growth during the forecast period. Opportunities exist in the Romiplostim market for a number of stakeholders, including adults and paediatric patients. Romiplostim Injection market investment, R&D efforts, and policy development can all be expedited by working together between the public and commercial sectors. Furthermore, the increasing demand from consumers offers opportunities for market growth.
According to Cognitive Market Research, with a market value of USD XX million in 2024 and projected to expand at a compound annual growth rate (CAGR) of 4.5% from 2024 to 2031. Europe accounted for a share of over 30% of the global market size of USD XX million. Increasing infrastructure developments is one of the factor anticipated to fuel the market expansion during the forecast period. Furthermore, industry cooperation, consumer trends and preferences, government laws and regulations, and technological breakthroughs are projected to propel the market growth.
According to Cognitive Market Research, the global romiplostim market size was estimated at USD XX Million out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.0% from 2024 to 2031 due to the change in lifestyle and rising urbanization in the region. Moreover, growing product launches by major market players anticipated to drive the market growth during the forecast period.
According to Cognitive Market Research, the global romiplostim market size was estimated at USD XX Million out of which Latin America market of more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031. Increasing use of romiplostim in different therapies is anticipated to drive the market growth. Adults with immune thrombocytopenia (ITP, idiopathic thrombocytopenic purpura; a chronic illness that may cause easy bruising or bleeding due to an abnormally low number of platelets in the blood) can reduce their risk of bleeding by using romiplostim injection to increase the number of platelets (cells that help the blood clot). Additionally, in children who have had ITP for at least six months and are at least one year old, romiplostim injection is used to boost platelet counts in an effort to reduce the risk of bleeding.
According to Cognitive Market Research, the global romiplostim market size was estimated at USD XX Million out of which Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.7% from 2024 to 2031. Increasing use of romiplostim in the treatment of chronic immune thrombocytopenia is driving the market growth. Adults with immune thrombocytopenia (ITP, idiopathic thrombocytopenic purpura; a chronic illness that may cause easy bruising or bleeding due to an abnormally low number of platelets in the blood) can reduce their risk of bleeding by using romiplostim injection to increase the number of platelets (cells that help the blood clot). Additionally, in children who have had ITP for at least six months and are at least one year old, romiplostim injection is used to boost platelet counts in an effort to reduce the risk of bleeding.
Global Romiplostim Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Romiplostim Industry growth. Romiplostim market has been segmented with the help of its Type, Application End-User, and others. Romiplostim market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
According to Cognitive Market Research, 250 μg/0.5 Ml held the major market share over the forecast period Romiplostim dosing can be individualised with upto 10 mcg/kg1 as the maximum weekly dose. The starting dosage for is determined on the patient's actual weight. The subcutaneous injections of romiplostim once a week with adjusting the dose in accordance with the platelet count response are important factor. If achieving and maintaining a platelet count of at least 50 x 109/L is required to lower the risk of bleeding, use the lowest dose. When determining the dosage, the patient's actual body weight at the start of therapy should always be used.
500 μg/1 mL is the fastest-growing category over the forecast period. romiplostim provides a weekly subcutaneous injection in-office. There's no need to keep in mind to take a medication each day. There is no liver monitoring and no history of pharmacological interactions with statins, antacids, or antihypertensive drugs. No known dietary limitations (such as when administered with or without meals), therefore bread, milk, cereal, ice cream, cheese, and tofu are all acceptable.
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According to Cognitive Market Research, adult hold a prominent market share. In order to lower the risk of bleeding in people with immune thrombocytopenia, romiplostim injection is used to increase the amount of platelets, which are cells that aid in blood clotting. Adults with either persistent or recently diagnosed immune thrombocytopenia are used with romiplostim. For adults, rimiplostim is advised as a second or third line of treatment for primary immune thrombocytopenia (ITP).
A Paediatric patient is the fastest-growing category over the forecast period. Children with persistent or recently diagnosed primary immune thrombocytopenia are treated with romiplostim. The illness of heterogeneous origin, immune thrombocytopenia (ITP) is typified by reduced platelet counts and an increased propensity to haemorrhage. Most youngsters with ITP have a transient illness and don't require medical intervention. Short doses of steroids are advised for children with newly diagnosed ITP who exhibit increased bleeding symptoms. Because of their efficacy and safety characteristics, romiplostim are advised for children who do not respond to first-line treatment or who develop a steroid dependency.
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According to Cognitive Market Research, hospitals hold a prominent market share. There are several exams that fall in between non-surgical therapies and surgical procedures. Hospital treatment involves one or more healthcare providers providing, managing, or coordinating medical care and related services. A health care provider's management or coordination of treatment with a third party is provided in the hospitals which are driving the market growth during the forecast period. Consultation about a patient between medical professionals is one of the main focusing points for patients visiting to the hospital which is anticipated to propel the market growth.
Clinics are the fastest-growing category over the forecast period. Clinics are medical facilities that treat patients without requiring an overnight stay, with an emphasis on outpatient care. In addition to basic health care, they usually offer preventative treatments such screenings, immunisations, and exams which is projected to fuel the market expansion in the coming years.
According to Cognitive Market Research, hospital pharmacies hold a prominent market share comprise establishments including medical facilities, clinics for outpatient treatment, drug-dependency treatment centres, poison control centres, and residential care facilities. Giving patients and other healthcare providers advice on how to use medications safely and effectively is another crucial area. In order to maximise patient outcomes, hospital pharmacies offer medicine selection, prescription writing, procurement, delivery, administration, and review services. When using any medication, it is crucial to make sure that the proper patient, dose, administration method, time, drug, information, and documentation are followed.
Retail pharmacies are the fastest-growing category over the forecast period. The increasing prevalence of chronic illnesses necessitates extended pharmaceutical regimens, which in turn fuels the demand for retail pharmacies in the market. It is anticipated that a rise in the diagnosis of chronic illnesses will fuel rapid expansion in retail pharmacies. In addition to providing individualised and highly individualised care to patients with chronic medical illnesses, pharmacies are able to meet the needs of people with both relatively basic and difficult medical conditions.
Senior Research Associate at Cognitive Market Research
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over 3+ years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies. Her expertise lies in the ability to analyze complex data sets and deliver insights that drive business decisions. At Cognitive Market Research, she handles the market research related to Pharma and healthcare industry.
Manjiri Kanhere is an experienced market researcher focused on the Pharma & Healthcare industry. With over three years of experience, She has worked with major pharmaceutical companies and healthcare providers, helping them to understand market trends, identify new business opportunities, and develop effective sales & marketing strategies.
In her current role, Manjiri handles the market research related to Pharma and healthcare industry. Her passion lies in utilizing innovative approaches to distill complex information into strategic insights that empower organizations to make informed decisions.Manjiri remains an invaluable asset in the dynamic landscape of market research.
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Type | 250 μg/0.5 mL, 500 μg/1 mL |
Application | Adults, Pediatric Patients |
End-User | Hospitals, Clinics, Homecare |
Distribution Channel | Hospital Pharmacies, Retail Pharmacies, Online Pharmacies |
List of Competitors | AMGEN |
This chapter will help you gain GLOBAL Market Analysis of Romiplostim. Further deep in this chapter, you will be able to review Global Romiplostim Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by End-User Analysis 2019 -2031
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Chapter 13 Market Split by Distribution Channel Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Romiplostim market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why 250 μg/0.5 mL have a significant impact on Romiplostim market? |
What are the key factors affecting the 250 μg/0.5 mL and 500 μg/1 mL of Romiplostim Market? |
What is the CAGR/Growth Rate of Adults during the forecast period? |
By type, which segment accounted for largest share of the global Romiplostim Market? |
Which region is expected to dominate the global Romiplostim Market within the forecast period? |
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