During the forecast period, the remicade biosimilar market is expected to develop at a CAGR of 35.9%. In 2022, the market is currently valued at US$ 2212.86 million. The value of the remicade biosimilar market is expected to reach US$ 47,549.77 million by 2032.
Biosimilars are biological products that are highly similar to an already FDA-approved medicine, known as the reference biological product. Biosimilars are medications that have been approved by the US Food and Drug Administration (FDA) and the European Medicines Agency (EMA) and have no clinically significant changes from the reference products in terms of safety, purity, efficacy, and effectiveness.
These biosimilar medications can only be approved for indications and conditions that have previously been approved by major regulatory agencies for the reference product.
Remicade (infliximab) is a monoclonal antibody that was developed in collaboration between Janssen Biotech Inc. and Merck & Co. (MSD) and was approved by the US Food and Drug Administration in 1998. It is used in both adult and paediatric patients to treat Crohn's disease.
Remicade Biosimilar Market: Segmentation
Valuable information covered in the FMI’s Remicade Biosimilar market report has been segregated into key segments and sub-segments.
By Disease Indication:
- Crohn’s disease
- Rheumatoid arthritis
- Ankylosing spondylitis
- Psoriatic arthritis
- Ulcerative Colitis
- Plaque psoriasis
Remicade Biosimilar Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Remicade Biosimilar market. Competitive information detailed in the Remicade Biosimilar market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Remicade Biosimilar market report.
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Key players covered in the report include:
Janssen Biotech Inc., Merck &Co., Pfizer Inc. (AC. Hospira), Celltrion Inc., Alvogen, Napp Pharmaceuticals, and Nippon Kayaku