Biosimilars are biological products that are similar to FDA-approved drug known as branded drug. Biosimilars are drugs licensed by the European Medicines Agency (EMA) and the U.S. FDA. These do not have significant differences from the reference products in terms of purity, effectiveness, and safety. Biosimilar drugs can only be permitted for conditions and indications that have been formerly accepted for the reference product by government regulatory agencies and organizations, when the original products patents expires. Compared to generic drugs, biosimilars show more molecular complexity. These are also quite sensitive to modifications in the manufacturing process.

Infliximab (Remicade) is a monoclonal antibody first manufactured by Janssen Biotech, Inc. in collaboration with Merck & Co. The U.S. Food and Drug Administration (FDA) first approved it in 1998. It is used in the treatment of active ulcerative colitis, rheumatoid arthritis, active and spinal psoriatic arthritis, Crohn’s disease (inflammatory bowel disease) in both pediatric and adult patients, and plaque psoriasis. Infliximab binds to chemical messenger tumor necrosis factor (TNF-α). It is one of the important part of autoimmune reaction. TNF-α stimulates the overall messenger cascade. Infliximab seems to act by binding to the receptor in the cell.

The global infliximab market is projected to grow at a rapid pace in the next few years. Increase in incidence of hereditary and autoimmune diseases such as plaque psoriasis and rheumatoid arthritis drive the global market. The number of people suffering from Crohn’s disease and ulcerative colitis (UC) has increased in various regions in the past few years. All the inflammatory bowel diseases (IBD) are associated with considerable morbidity cases with substantial use of health care resources. Early patent expiry, discounted pricing on branded drugs, and quick response time due to intravenous mode of administration propel the market. Additionally, entry of biosimilars into the market has the ability to provide significant financial relief to the current health care systems. However, side effects of the drug treatment such as histoplasmosis (fungal infection), tuberculosis (TB), bacterial sepsis, and others restrain the global infliximab market. Hence, manufacturers of the drug have been mandated to include warnings to alert both patients and health care professionals. Additionally, lack of FDA-approved facilities, especially in developing countries, to manufacture the drug are the factors expected to restrain the market.

The global infliximab market can be segmented based on product and application. In terms of product, the global infliximab market can be bifurcated into biologics and biosimilars. Based on application, the global infliximab market can be divided into rheumatoid arthritis, ankylosing spondylitis, plaque psoriasis, psoriatic arthritis, Crohn’s disease, and ulcerative colitis.

Geographically, the global infliximab market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America and Europe are projected to dominate the market, followed by Asia Pacific and Latin America. Dominance of North America and Europe is attributed to launch of biosimilars after patent expiry. The market in Asia Pacific is anticipated to grow at a rapid pace in the next few years. This is due to presence of rapidly developing economies such as China and India, increase in awareness about health and hygiene, enhanced health care infrastructure, and unexploited market as increase in geriatric population that lacks adequate diagnostic & treatment solutions. Additionally, rise in government support for the manufacture of biosimilars drugs and increase in awareness and adoption of biosimilars is anticipated to drive the global infliximab market.

Key players in the global infliximab market are Merck & Co., Celltrion, Inc., Alvogen, Janssen Biotech, Inc., NAPP Pharmaceuticals, Nippon Kayaku, and Pfizer, Inc. (AC. Hospira), among others.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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