Biosimilar Market Treating More for Less: The Booming Infliximab Biosimilar Market

Infliximab Biosimilar Market worth $ XX Million by 2030 - Exclusive Report by InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Infliximab Biosimilar Market- by Application (Crohn's Disease, Psoriatic Arthritis, Rheumatoid Arthritis, Ulcerative Colitis, Ankylosing Spondylitis, Plaque Psoriasis and Others), End User (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy and Other Direct Distribution Channels), Trends, Industry Competition Analysis, Revenue and Forecast To 2030."

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According to the latest research by InsightAce Analytic, the global Infliximab Biosimilar market is valued at US$ XX Million in 2021, and it is expected to reach US$ XX Million by 2030, with a CAGR of XX% during a forecast period of 2024-2031.

Infliximab, a tumor necrosis factor-alpha (TNF-alpha) chimeric monoclonal antibody, is a medication used to treat various conditions, including ulcerative colitis, rheumatoid arthritis, psoriasis, ankylosing spondylitis, and Crohn's disease. Infliximab biosimilars are highly similar versions of the original biologic drug Remicade and offer comparable safety and efficacy. These biosimilars are produced using recombinant cell lines.

The market for Infliximab biosimilars is driven by several factors:
• Rising prevalence of autoimmune diseases: Conditions like rheumatoid arthritis and plaque psoriasis are becoming more common, increasing the demand for effective treatments.

• Patent expiry of the original drug: The expiration of key patents on Remicade has opened the door for biosimilar competition.

• Lower costs: Biosimilars are generally priced lower than the original biologic drug, making them a more cost-effective option for healthcare systems.

• Faster administration: Infliximab is typically administered intravenously, offering a relatively quick way to deliver the medication.

• Government and payer initiatives: Cost-cutting measures by governments and third-party payers are encouraging the use of biosimilars.

• Growing demand for chronic disease treatment: The aging population and increasing prevalence of chronic diseases, including cancer and autoimmune disorders, are further fueling the demand for Infliximab biosimilars.

However, some challenges are hindering the growth of the Infliximab biosimilar market:
• Physician perception: Some doctors may still have reservations about the safety and efficacy of biosimilars compared to the original drug.

• Limited price difference: The price difference between Infliximab biosimilars and small-molecule generics may not be as significant, making the switch less appealing in some cases.

• Extended patent protection: Patent protection on certain aspects of the original drug can still delay biosimilar market entry in some regions.

• Adverse drug reactions: The potential for adverse reactions like bacterial sepsis, tuberculosis, and histoplasmosis remains a concern for some patients and healthcare providers.
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Europe dominated the biosimilars market, followed by Asia-Pacific and North America. Several factors are driving growth in these markets, including the upcoming patent expiration of biological drugs and the introduction of new biosimilars, the rise of new businesses and early market entry. North America is anticipated to be the major contributor to the Infliximab Biosimilar market over the forecast years.

The global market is driven by the rise in the prevalence of autoimmune and genetic conditions such as plaque psoriasis and rheumatoid arthritis. The market is developing as a result of rising geriatric populations that lack access to suitable diagnostic and therapeutic options, improved health care infrastructure, and untapped markets. The worldwide infliximab biosimilars market in this region is also predicted to be driven by an increase in government funding for the production of biosimilar medicines as well as increased awareness and adoption of biosimilars.

Major market players operating in the Infliximab Biosimilar market include
Napp Pharmaceuticals Group Ltd, Alvogen, Merck &Co. Inc., Celltrion Inc., Janssen Biotech Inc., Pfizer Inc. (AC. Hospira), and Nippon Kayaku.

Recent collaborations and agreements in the market:
• In April 2021, Novartis AG (Sandoz) struck a deal with Bio-Thera Solutions (China) to commercialise BAT1706 (Bio-Thera Solutions' proposed bevacizumab biosimilar) in the United States, Canada, Europe, and other international markets.

• In November 2019, Biogen Inc, a multinational biotechnology company headquartered in Cambridge, Massachusetts, purchased Samsung Bioepis Co., Ltd. in order to obtain exclusive rights to market two new ophthalmology biosimilars, SB11 referencing Lucentis 1 and SB15 referencing Eylea 2, in major markets around the world, including the United States, Canada, Europe, Japan, and Australia. The deal allows Biogen to prolong the commercialization time for Samsung Bioepis' three anti-TNF biosimilars, BENEPALI (etanercept), FLIXABI (infliximab), and IMRALDI, in Europe (adalimumab). Samsung Bioepis is a biopharmaceutical company. It makes biosimilar medications and other related products.

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Market Segments
Global Infliximab Biosimilar Market, by Application, 2022-2030 (Value US$ Mn)
• Crohn's Disease
• Psoriatic Arthritis
• Rheumatoid Arthritis
• Ulcerative Colitis
• Ankylosing Spondylitis
• Plaque Psoriasis and others

Global Infliximab Biosimilar Market, by End User, 2022-2030 (Value US$ Mn)
• Hospital Pharmacy
• Online Pharmacy
• Retail Pharmacy
• Other Direct Distribution Channels

Global Infliximab Biosimilar Market, by Mode, 2022-2030 (Value US$ Mn)
• Prescription-Based Testing Products
• Over-the-Counter (OTC) Testing Product

Global Infliximab Biosimilar Market, by End-Users, 2022-2030 (Value US$ Mn)
• Home Care/Self Testing
• Physician offices & Outpatient/Ambulatory Care Settings
• Hospitals
• Research Laboratories

Global Infliximab Biosimilar Market, by Region, 2022-2030 (Value US$ Mn)
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

North America Infliximab Biosimilar Market, by Country, 2022-2030 (Value US$ Mn)
• U.S.
• Canada

Europe Infliximab Biosimilar Market, by Country, 2022-2030 (Value US$ Mn)
• Germany
• France
• Italy
• Spain
• Russia
• Rest of Europe

Asia Pacific Infliximab Biosimilar Market, by Country, 2022-2030 (Value US$ Mn)
• India
• China
• Japan
• South Korea
• Australia & New Zealand

Latin America Infliximab Biosimilar Market, by Country, 2022-2030 (Value US$ Mn)
• Brazil
• Mexico
• Rest of Latin America

Middle East & Africa Infliximab Biosimilar Market, by Country, 2022-2030 (Value US$ Mn)
• GCC Countries
• South Africa
• Rest of Middle East & Africa

Why should buy this report:
 To receive a comprehensive analysis of the prospects for the global Infliximab Biosimilar market
 To receive an industry overview and future trends of the Infliximab Biosimilar market
 To analyze the Infliximab Biosimilar market drivers and challenges
 To get information on the Infliximab Biosimilar market value (US$Mn) forecast to 2030
 Significant investments, mergers & acquisitions in the Infliximab Biosimilar market industry

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