DUBLIN–(BUSINESS WIRE)–The “Investigation Report on China’s Aflibercept Market 2021-2025” report has been added to ResearchAndMarkets.com’s offering.
Aflibercept is an anti-VEGF drug, mainly used to treat neovascular age-related macular degeneration (wAMD), and other retinopathy caused by visual impairment. Aflibercept was jointly developed by Regeneron and Bayer. Regeneron has exclusive sales rights in the U.S. market, while Bayer obtains exclusive sales rights outside the U.S. Their Aflibercept, EYLEA was launched in China in 2018. By 2020, Bayer AG is the only manufacturer in the Chinese Aflibercept market.
According to this market research, after Aflibercept entered the Chinese market, the sales value of Aflibercept in China increased from CNY8.3 million in 2018 to CNY 110 million in 2020. The annual growth rate in 2020 was 105.1%, which slowed down due to the COVID-19 epidemic. The CAGR of the sales value of Aflibercept in China is 264% from 2018 to 2020.
The analyst analyzes that as the epidemic situation has been improved and the hospitals resume their operation, sales of Aflibercept will have a recovery growth from 2021 to 2025. In addition, sales will also increase due to market expansion. Currently, China has only approved two indications for Aflibercept, including treatment of wAMD and treatment of DME.
However, Aflibercept had five approved indications globally, which means the sales will continue to grow as the number of indications expands. On the other hand, though the anti-VEGF ophthalmic drug market where Aflibercept belongs to accounts for the largest market share in the ophthalmology drug industry, the penetration rate for the anti-VEGF drug is still low.
The penetration rate for the anti-VEGF drug is about 1% in China, while it exceeds 5% in the U.S. Since the market demand has not yet reached saturation, sales will keep increasing. Besides, Aflibercept was included in the national medical insurance catalog at the beginning of 2020, so the price has been lowered, which reduces the burden on patients and will stimulate sales in the future.
Topics Covered:
Key Topics Covered:
1 Relevant Concepts of Aflibercept
1.1 Indications for Aflibercept
1.2 Development of Aflibercept in China
1.3 Governmental Approval of Aflibercept in China
1.4 The Impact of COVID-19 on Aflibercept sales in China
2 Sales of Aflibercept in China, 2018-2020
2.1 Sales Value of Aflibercept
2.1.1 Overall Sales Value
2.1.2 Sales Value by Region
2.2 Sales Volume of Aflibercept
2.2.1 Overall Sales Volume
2.2.2 Sales Volume by Region
2.3 Sales of Aflibercept by Dosage Form in China, 2018-2020
2.3.1 Intraocular Injection
2.3.2 Analysis of Other Dosage Forms
3 Analysis of Major Aflibercept Manufacturers in China, 2018-2020
3.1 Analysis of Market Share of Major Aflibercept Manufacturers
3.1.1 Investigation on Market Share by Sales Value
3.1.2 Investigation on Market Share by Sales volume
3.2 Bayer AG
3.2.1 Enterprise Profile
3.2.2 Sales of EYLEA (Bayer’s Aflibercept) in China
4 Prices of Aflibercept for Different Manufacturers in China, 2020-2021
4.1 Bayer AG (EYLEA)
4.2 Others
5 Prospect of Chinese Aflibercept drug Market, 2021-2025
5.1 Influential Factors of Chinese Aflibercept Market Development
5.1.1 The Impact of COVID-19 on Chinese Aflibercept Market
5.1.2 Market Drivers and Opportunities
5.1.3 Market Threats and Challenges
5.2 Forecast on Market Size
5.3 Forecast on Market Trend
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/wn4fja
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