Infliximab Market Demand Analysis by 2029

Infliximab market is expected to witness market growth at a rate of 11.50% in the forecast period of 2022 to 2029.

The infliximab market is expected to witness market growth at a rate of 11.50% in the forecast period of 2022 to 2029. Data Bridge Market Research report on infliximab market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in healthcare sector globally is escalating the growth of infliximab market.

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Infliximab, refers to a chimeric monoclonal antibody that is used as medication for treating various autoimmune diseases. It has been proven effective in diseases such as ulcerative colitis, ankylosing spondylitis, Behçet’s disease, Crohn’s disease, rheumatoid arthritis, psoriasis and psoriatic arthritis.

The rise in the geriatric population across the globe acts as one of the major factors driving the growth of infliximab market. The rise in Research and Development in pharmaceutical companies for enhancing the product and increase in demand for biosimilar drugs due to their cost-effectiveness accelerate the market growth. The development in commercial pipelines and rise in the incidence of chronic diseases including ankylosing spondylitis, Crohn’s disease, rheumatoid arthritis and Behçet’s disease, among others further influence the market.

Additionally, development in technology, supportive government legislation, rise in investment by public and private organizations, surge in healthcare expenditure and abbreviated regulatory approval process and concept of interchangeability positively affect the infliximab market.

North America dominates the infliximab market due to the presence of developed healthcare infrastructure within the region. Asia-Pacific is expected to witness high growth during the forecast period of 2022 to 2029 because of the increase in the research and development activities in the region.

Some of the major players operating in the infliximab market are Amgen Inc., Pfizer Inc., Eli Lilly and Company, Novartis AG, F. Hoffmann-La Roche Ltd, Eisai Co., Ltd, Allergan, Teva Pharmaceutical Industries Ltd, Bristol-Myers Squibb Company, Takeda Pharmaceutical Company Limited, Endo International plc, Sun Pharmaceutical Industries Ltd, Mylan N.V., Apotex Inc., and Biocad, and others.

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