According to the market research, the sales of Golimumab in the Chinese market have had a rapid upward trend from 2018 to 2020. The annual sales revenue in 2020 is CNY6.32 million, which increased over 10 times compared to that in 2018. The CAGR of Golimumab sales in the Chinese market in 2018-2020 is 242.6%. The main reason for the rapid growth is that Golimumab was included in China's medical insurance in 2019 and it entered the national medical insurance category B list in the field of rheumatism.
The analyst analyzes that from 2021 to 2025,the sales will continue to increase due to its superior efficacy and low injection frequency. In addition, Golimumab will have a very broad market and the penetration rate of SIMPONI can be improved in the future. Therefore, the market share of Golimumab has the potential to increase, which will lead the sales volume to grow in the future.
Topics Covered:
- The impact of COVID-19 on China's Golimumab market
- Sales value of China's Golimumab 2016-2020
- Competitive landscape of China's Golimumab market
- Prices of Golimumab in China
- Prices of Golimumab in China by regions and manufacturers
- Analysis of factors affecting the development of China's Golimumab market
- Prospect of China's Golimumab market from 2021 to 2025
Table of Contents
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Companies Mentioned
- Janssen Biologics BV
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 50 |
Published | May 2021 |
Forecast Period | 2018 - 2025 |
Estimated Market Value ( CNY | CNY 0.54 Million |
Forecasted Market Value ( CNY | CNY 156.49 Million |
Compound Annual Growth Rate | 124.7% |
Regions Covered | China |