Malaysia Remicade Biosimilar Market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Remicade Biosimilar market is growing globally due to the rising prevalence of autoimmune illnesses including rheumatoid arthritis, plaque psoriasis, introduction of a biosimilar version could provide financial relief for healthcare systems and increased access to essential medication for patients, quicker intravenous administration reaction times, patent expiry of branded versions will create opportunity biosimilars over other branded counterparts, thus increasing remicade biosimilar demand, growing awareness about its long-term benefits and better reimbursement scenario, technological advancements in the field of biosimilars, an increase in R&D spending by pharmaceutical companies and growing awareness about biosimilars among healthcare professionals and patients. Janssen Biotech Inc., Merck &Co., Pfizer Inc. (AC. Hospira), Celltrion Inc., Alvogen, Napp Pharmaceuticals, and Nippon Kayaku are some major players in the global Remicade (infliximab mAb) market.
Malaysia Remicade Biosimilar Market is valued at around $3.8 Mn in 2022 and is projected to reach $25.1 Mn by 2030, exhibiting a CAGR of 26.58% during the forecast period 2023-2030.
A monoclonal antibody (mAb), known as Remicade biosimilar, attaches particularly to tumor necrosis factor-alpha (TNF-alpha), preventing it from doing its job. It is used to treat autoimmune conditions such as ulcerative colitis, rheumatoid arthritis, and Crohn's disease. To establish equivalent efficacy and safety characteristics to the reference biologic, biosimilars go through extensive testing. Clinical studies show comparable therapeutic outcomes and side effect profiles, supporting their use as Remicade alternatives. Janssen Biotech Inc., Merck &Co., Pfizer Inc. (AC. Hospira), Celltrion Inc., Alvogen, Napp Pharmaceuticals, and Nippon Kayaku are some major players in the global Remicade (infliximab mAb) market.
Market Growth Drivers
Rising prevalence of autoimmune illnesses including rheumatoid arthritis, and plaque psoriasis, the introduction of a biosimilar version could provide financial relief for healthcare systems and increased access to essential medication for patients, quicker intravenous administration reaction times, patent expiry of branded versions will create opportunity biosimilars over other branded counterparts thus increasing Remicade biosimilar demand, growing awareness about its long-term benefits and better reimbursement scenario, technological advancements in the field of biosimilars, an increase in R&D spending by pharmaceutical companies and growing awareness about biosimilars among healthcare professionals and patients.
Market Restraints
Serious medication side effects that could necessitate hospitalization or perhaps be lethal are obstacles to the Remicade biosimilar. These include invasive fungal infections, such as histoplasmosis, bacterial sepsis, tuberculosis, and others. As a result, it is required that the drug's maker include a "Boxed Warning" to inform both medical professionals and people. The complexity of the medicine's molecule and the absence of FDA-approved manufacturing facilities are further concerns that may limit the market expansion of the drug in developing nations, the manufacturing complexity of biosimilars, regulatory and approval challenges, intellectual property, and patent issues. All these factors act as market growth restraints.
Key Players
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Disease Indication
By Distribution Channel
By End-user
Methodology for Database Creation
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