Biosimilar is a bio-therapeutic drug that is similar in terms of safety, quality, and efficacy to an existing therapeutic drug. Biosimilars are a class of therapeutic drugs that provide additional treatment options and help reduce healthcare costs. They are almost identical to an existing therapeutic drugs and can only be manufactured when the patent for the original innovator drug expires.
Remicade biosimilars are used for the treatment of various autoimmune diseases such as ankylosing spondylitis, psoriatic arthritis, chronic severe plaque psoriasis, ulcerative colitis, Crohn’s Disease, rheumatoid arthritis, etc. The number of biosimilars currently approved by the FDA is twenty-eight.
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Increasing demand for biosimilar drugs and increasing incidence/prevalence of autoimmune diseases such as rheumatoid arthritis and plaque psoriasis is expected to propel the remicade biosimilar market growth. For instance, more than 24 people in the United States (more than 7% of the population) suffer from an autoimmune disease, and the prevalence is rising. Autoimmune diseases are a family of more than 80 chronic, often debilitating and, in some cases, life-threatening illnesses.
Moreover, increasing research and development activities and speedy approvals by regulatory authorities for biosimilars, especially in North America, are expected to aid in the growth of the remicade biosimilar market. For instance, in December 2019, Amgen received the Food and Drug Administration (FDA) approval for AVSOLA (infliximab-axxq) for the treatment of ankylosing spondylitis, psoriatic arthritis, chronic severe plaque psoriasis, ulcerative colitis, Crohn’s Disease, and rheumatoid arthritis.
However, complexities in manufacturing and stringent regulatory requirements are expected to hamper the growth of the remicade biosimilar market.
In terms of geography, Europe is expected to witness substantial growth in the remicade biosimilar market due to the high adoption rate due low price of the biosimilars, the presence of top market players, and rapid entry of biosimilars in the region. For instance, in May 2018, Sandoz received European Commission (EC) approval for Zessly (infliximab), a remicade biosimilar for use in Europe.
Major Players in Remicade Biosimilars Market
Janssen Biotech, Inc., Merck and Company, Inc., Alvogen, Pfizer, Inc., Celltrion, Nippon Kayaku, Napp Pharmaceuticals, and others.
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Key Stakeholders Covered within this Remicade Biosimilars Market Report:
Remicade Biosimilars Manufacturers
Remicade Biosimilars Distributors/Traders/Wholesalers
Remicade Biosimilars be component Manufacturers
Remicade Biosimilars Industry Association
Succeeding Vendors
Lastly, this report covers the market Outlook and its growth prospects over the coming years, the Report also brief deals with the product life cycle, comparing it to the significant products from across industries that had already been commercialized details the potential for various applications, discussing about recent product innovations and gives an short summary on potential regional market.
Why this is Important Report to you? It helps:
• To analyze and study the Global Remicade Biosimilars Market capacity, production, value, consumption, status Focuses on the Key Remicade Biosimilars manufacturers, to study the capacity, production, value, market share and development plans in future.
• Focuses on the global key manufacturers, to define, describe and analyze the market competition landscape, SWOT analysis.
• To define, describe and forecast the market by type, application, and region.
• To analyze the global and key regions market potential and advantage, opportunity, and challenge, restraints, and risks.
• To identify significant trends and factors driving or inhibiting market growth.
• To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
• To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the Remicade Biosimilars Market.
• To strategically profile the key players and comprehensively analyze their growth strategies.
• It provides a forward-looking perspective on different factors driving or restraining Market growth.
• It provides a six-year forecast assessed on the basis of how the Market is predicted to grow.
• It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors.
• It helps in making informed business decisions by having complete insights and by making an in-depth analysis of Market segment
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In conclusion, the Remicade Biosimilars market report presents the descriptive analysis of the parent market supported elite players, present, past, and artistic movement information which is in a position to function as a profitable guide for all the Remicade Biosimilars industry business competitors. Our expert research analyst’s team has been trained to supply in-depth marketing research reports from every individual sector which can be helpful to know the industry data within the most precise way.
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