Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 2.82 Billion | USD 4.71 Billion | 5.4% | 2024 |
The global remicade biosimilar market size was worth around USD 2.82 Billion in 2024 and is predicted to grow to around USD 4.71 Billion by 2034 with a compound annual growth rate (CAGR) of roughly 5.4% between 2025 and 2034.
The report analyzes the global remicade biosimilar market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the remicade biosimilar industry.
A biological product classified as a biosimilar also called a reference biological product, is very similar to a drug that has already received FDA approval. The U.S. FDA and the European Medicines Agency (EMA) license biosimilar medications identical to reference products regarding safety, purity, efficacy, and effectiveness.
Large regulatory agencies can only approve these biosimilar medications for the conditions and indications already authorized for the reference product. For the treatment of many different diseases, there is a high demand for biological products. However, there is a growing market demand for biosimilar products to reduce healthcare costs. The rising prevalence of autoimmune diseases, especially rheumatoid arthritis and psoriatic arthritis, early brand-name Remicade patent expiration, discounted prices across the European market, and quicker response times due to intravenous administration are all driving factors for the market growth.
Additionally, introducing biosimilar versions may reduce the financial burden on healthcare system applications and increase patient access to critical medications. Serious drug side effects that necessitate hospital treatment or even be fatal are obstacles to the Remicade biosimilar industry. These include invasive fungal infections, such as histoplasmosis, bacterial sepsis, tuberculosis, etc.
Growing demand for biosimilar drugs owing to their cost-effectiveness is likely to pave the way for market growth
Increased demand for biosimilars likely promotes corporate growth in the future. The cost of the Remicade biosimilar medications is 20–30% less than their reference medications, per the American Journal of Managed Care (AJMC). Patients benefit from having access to advanced, effective treatments while saving money. Compared to innovator biologics, the development costs of biosimilars are cheaper.
The price of Remicade biosimilars is reduced by lower R&D expenses. Lower-cost biosimilars reduce the cost of reference biologics due to price rivalry among producers. The decreased unit price of a biologic due to its rival medication and the enhanced accessibility of a variety of Remicade biosimilars for the patients are two ways that these drugs' cost-effectiveness improves total healthcare costs.
Constant focus on expanding biosimilar portfolios by prominent drug makers is a key trend bolstering the global Remicade biosimilar market prospects. Thus, it is anticipated that the later entrance biologics' overall competitive costs will support their demand over the forecast period.
High developmental costs and complex manufacturing processes hamper the market growth
Developing Remicade biosimilars is a difficult and expensive process that needs a lot of money, technical know-how, clinical trial experience, scientific criteria, and quality control procedures. Unlike generic drug developers, Remicade biosimilar producers must invest in clinical testing and post-approval monitoring and control measures comparable to those of the original patent businesses.
The ability to manage variability during the production process, where the final products are similar to their biological products, is another important concern in the production of Remicade biosimilars. Manufacturing Remicade biosimilars should adhere to established quality standards for both safety and efficacy.
Regulatory agencies may ask for more preclinical, clinical evidence to prove that the manufacturing process has no bearing on the product's efficacy or safety and that there is no difference between the biosimilar and the biologic medication.
Major biologics patents expiration and research into new indications bring up market growth opportunities
Most prior biologic drugs lost patent protection in the last century, and many of today's best-selling drugs are expected to lose patent coverage in the coming years. This opens up new avenues for biosimilar drugs. Nearly 20 oncology biologics patents will expire by 2023, potentially paving the way for more Remicade biosimilars in the field. There are currently a variety of diseases and ailments that are treated with Remicade biosimilars. Oncology, autoimmune diseases, diabetes, and hepatitis are the main target treatment areas for which numerous Remicade biosimilars are under development.
Significant drug-related adverse effects continue to be a market challenge
Serious adverse effects of the medicine that may need hospitalization or possibly be lethal are a barrier to the growth of the global Remicade biosimilars market. These include invasive fungal infections, such as histoplasmosis, bacterial sepsis, tuberculosis, etc. Moreover, the market for Remicade biosimilars is significantly challenged by the accessibility of substitute medications. These medications are structurally altered biologic medications that affect the medication's effectiveness and safety. As a result, complicated biologics whose mode of action is unknown can be dangerous.
The global remicade biosimilar market is segmented based on Indication, Distribution Channel, Route of Administration, and region.
Based on Indication, the global remicade biosimilar market is divided into Rheumatoid Arthritis, Psoriatic Arthritis, Crohn’s Disease, Ulcerative Colitis, Ankylosing Spondylitis, Plaque Psoriasis.
On the basis of Distribution Channel, the global remicade biosimilar market is bifurcated into Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
By Route of Administration, the global remicade biosimilar market is split into Intravenous, Subcutaneous.
Report Attributes | Report Details |
---|---|
Report Name | Remicade Biosimilar Market |
Market Size in 2024 | USD 2.82 Billion |
Market Forecast in 2034 | USD 4.71 Billion |
Growth Rate | CAGR of 5.4% |
Number of Pages | 236 |
Key Companies Covered | Johnson & Johnson, Janssen Biotech Inc, Merck & Co., Pfizer Inc, Viatris Inc, Celltrion Inc, Alvogen, Biocon Biologics, Napp Pharmaceuticals, Nippon Kayaku, and others. |
Segments Covered | By Indication, By Distribution Channel, By Route of Administration, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, The Middle East and Africa (MEA) |
Base Year | 2024 |
Historical Year | 2020 to 2023 |
Forecast Year | 2025 - 2034 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America dominated the Remicade biosimilar market in 2025
Due to the existence of top market players in the region, the rapid entry of biosimilars into the market, and the high adoption rate owing to the biosimilars' low price, Europe dominates the global Remicade biosimilars market. For instance, the European Commission (EC), a division of Novartis, authorized Zessly (infliximab), a Remicade biosimilar, for use in Europe in 2019. This is primarily due to the bio-like version being introduced shortly after the patent on the branded version expired. The European Medical Association's useful regulatory framework, high medical reimbursement rates, and technological advancement further contribute to regional expansion.
The report provides a company market share analysis to give a broader overview of the key market players. In addition, the report also covers key strategic developments of the market, including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the remicade biosimilar market on a global and regional basis.
The global remicade biosimilar market is dominated by players like:
The global remicade biosimilar market is segmented as follows;
By Indication
By Distribution Channel
By Route of Administration
By Region
FrequentlyAsked Questions
Leading players in the global remicade biosimilar market include Johnson & Johnson, Janssen Biotech Inc, Merck & Co., Pfizer Inc, Viatris Inc, Celltrion Inc, Alvogen, Biocon Biologics, Napp Pharmaceuticals, Nippon Kayaku, among others.
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