According to this market research, since Infliximab entered the Chinese market in 2007, its sales have had an increasing trend. However, the sales in China are suboptimal compared to global sales. The main reason is that most patients in China cannot afford the expensive price. After Infliximab was included in the national medical insurance in 2019, the sales increased about 18.9% in 2020 and reached CNY335.89 million in 2021. The CAGR of infliximab’s sales value in China is approximately 19.0% from 2017 to 2021.
According to this market research and expert interviews, the analyst sees different trends in 2022 and from 2023 to 2026 in China’s infliximab market.
Sales volume and value of infliximab in China are expected to decline in 2022 as the Chinese government implements a strict ''COVID-19 dynamic zeroing'' policy that will prevent many healthcare facilities in China from operating normally. It is expected that the Chinese government will relax the COVID-19 control policy from early 2023 onwards, and thus the sales volume and sales value of infliximab in China will show a recovery growth from 2023-2026.
Topics Covered:
- The impact of COVID-19 on China's Infliximab market
- Sales value of China's Infliximab 2017-2021
- Competitive landscape of China's Infliximab market
- Prices of Infliximab in China
- Prices of Infliximab in China by regions and manufacturers
- Analysis on factors affecting the development of China's Infliximab market
- Prospect of China's Infliximab market from 2022 to 2026
Table of Contents
Companies Mentioned
- Janssen Biologics BV (REMICADE)
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 | 40 |
| Published | July 2022 |
| Forecast Period | 2022 - 2031 |
| Estimated Market Value ( CNY | CNY 285.65 Million |
| Forecasted Market Value ( CNY | CNY 701.61 Million |
| Compound Annual Growth Rate | 10.5% |
| Regions Covered | China |
