Press release
Remicade Biosimilars Market In Depth Research By Global Top Key Players - Janssen Biotech, Inc., Merck and Company, Inc., Alvogen, Pfizer, Inc., Celltrion, Nippon Kayaku, Napp Pharmaceuticals, and others
Biosimilars are almost identical copies of the originally approved drugs and can be manufactured only when the patent for the original innovator drug expires. These products are highly sensitive to smallest changes in manufacturing procedure, as these drugs possess high molecular complexity. Remicade (Infliximab) refers to a chimeric monoclonal antibody biologic licensed by U.S. FDA in 1998, as an innovative product indicated for the treatment of Crohn’s disease in adults and children. The Remicade was later approved for its use in the treatment of ulcerative colitis, plague psoriasis, rheumatic arthritis, and spinal psoriatic arthritis in combination with methotrexate. Later, various pharmaceutical manufacturers developed biosimilars to infliximab, which lowered market share of Remicade due to cost-effective prices.Get HOLISTIC Request Sample Copy Of This Business Report:
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Market Dynamics
Increasing incidence of autoimmune diseases such as plaque psoriasis and rheumatoid arthritis are expected to drive growth of the Remicade biosimilar market size. According to the American Autoimmune Related Disease Association, around 50 million American suffered from autoimmune diseases in the U.S. in 2017. Moreover, faster reaction rates of these biosimilars due to their availability in the form of intravenous mode of administration is further expected to increase the adoption of Remicade biosimilar over the forecast period. Furthermore, patent expiry of the branded versions is expected to increase the number of biosimilars for its branded counterparts thereby increasing the demand for Remicade biosimilar. However, stringent regulatory guidelines for development of these biosimilars as well as side effects of these drugs leading to risk of hospitalization are expected to restrain growth of the global Remicade biosimilar market.
Market Taxonomy
On the basis of disease indication, the global Remicade biosimilars market is segmented into:
Ulcerative Colitis
Rheumatoid Arthritis
Ankylosing Spondylitis
Crohn’s Disease
Psoriatic Arthritis
Plaque Psoriasis
Key players operating in the global remicade biosimilar market include Janssen Biotech, Inc., Merck and Company, Inc., Alvogen, Pfizer, Inc., Celltrion, Nippon Kayaku, Napp Pharmaceuticals, and others. Market players are focused on introducing maximum number of biosimilar for multiple indications to retain their position in the global market. For instance, in July 2017, Merck & Company, Inc. in collaboration with Samsung Bioepis introduced Renflexis (infliximab-abda), a biosimilar to Remicade for the treatment of moderate to severe Crohn’s disease, active ulcerative colitis, rheumatoid arthritis, and other few disease indications.
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Remicade Biosimilar Market Size & Growth Analysis Report, 2021-2027
Biosimilar can be defined as a type of biological product that is highly similar to an already FDA approved drug, known as reference biological product.
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Get Sample Copy of Remicade Biosimilar Market at: https://www.orionmarketreports.com/remicade-biosimilar-2-market/48410/#ert_pane1-1
Segment by Type
• 100mg/10ml
• 500mg/50ml
Segment by Application
• Blood Disorders
• Oncology Diseases
By Company
• Synthon Pharmaceuticals
• LG Life Sciences
• Novartis (Sandoz)
• Celltrion
• Biocon
• Hospira
• Merck Serono (Merck Group)
• Biogen idec Inc
A full report of Global Remicade Biosimilar Market is available at: https://www.orionmarketreports.com/remicade-biosimilar-2-market/48410/
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