Global Remicade Biosimilars Marke || Analysis Report, Share, Trends, Overview 2021-2027

Biosimilars are the complex biologic medicine made from living cells, which must be handled and administered under carefully monitored conditions. Biosimilar is a copy of another FDA approved biologic drug also known as reference product.

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Further, 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.

However, various pharmaceutical manufactures developed biosimilar to Remicade, which lowered the market share of Remicade due to its high cost and fostered the market of Remicade biosimilars.

Increasing prevalence of autoimmune disease such as plaque psoriasis and rheumatoid arthritis is expected to foster the Remicade biosimilars market in the near future.

Moreover, the demand of Remicade biosimilars is also increasing due to its faster reaction rate, as the Remicade biosimilar is available in the form of intravenous mode of administration.

Additionally, 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 and their side effects hamper the growth of remicade biosimilars market.

Moreover, major investments for research and development of biosimilar production are expected to drive growth of the market in Asia Pacific region.

The Remicade biosimilar market is segmented on the basis of disease indicationand geography.

On the basis of disease indication, the global Remicade biosimilar has been segmented ulcerative colitis, rheumatoid arthritis, ankylosing spondylitis, crohn’s disease, psoriatic arthritis, and plaque psoriasis.

On the basis of region, the target market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account major market share as compared to that of other regions.

Key players operating in the global market of Remicade biosimilarinclude Janssen Biotech, Inc., Merck and Company, Inc., Alvogen, Pfizer, Inc., Celltrion, Nippon Kayaku, and Napp Pharmaceuticals.

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This release was published on openPR.