+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Investigation Report on China's Aflibercept Market 2022-2031

  • PDF Icon

    Report

  • 40 Pages
  • July 2022
  • Region: China
  • China Research & Intelligence
  • ID: 5639685
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 July 2022, 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 CNY238 million in 2021. The annual growth rate in 2021 was 116%, which slowed down due to the COVID-19 epidemic. The CAGR of sales value of aflibercept in China is 206% from 2018 to 2021.

The analyst analyzes that as the epidemic situation has been improved and the hospitals resume their operation, the sales of Aflibercept will have a recovery growth from 2023 to 2026. In addition, the 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, the 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.

Qilu Pharmaceutical, a local Chinese pharmaceutical company, received CDE (CENTER FOR DRUG EVALUATION, NMPA) approval for its marketing authorization application for aflibercept intravitreal injection in April 2022, which is the first biosimilar application for aflibercept in China.

According to this market research, a number of other pharmaceutical companies in China are in the process of genericizing aflibercept, such as Clover Biopharmaceuticals' aflibercept intraocular injection, which is in the clinical phase of application, and Shandong Boan Biotechnology Co.

It is expected that the generic version of aflibercept will enter the Chinese market in the next five years, but it is unlikely to have a significant impact on Bayer's original drug in the short term.

Topics Covered:

  • The impact of COVID-19 on China's aflibercept market
  • Sales value and volume of China's aflibercept 2016-2020
  • Competitive landscape of China's aflibercept market
  • Prices of aflibercept in China
  • Prices of aflibercept in China by regions and manufacturers
  • Analysis on factors affecting the development of China's aflibercept market
  • Prospect of China's aflibercept market from 2021 to 2025
Frequently Asked Questions about the Chinese Aflibercept Market

What is the estimated value of the Chinese Aflibercept Market?

The Chinese Aflibercept Market was estimated to be valued at CNY 285.77 Million in 2022.

What is the growth rate of the Chinese Aflibercept Market?

The growth rate of the Chinese Aflibercept Market is 30.6%, with an estimated value of CNY 3162.04 Million by 2031.

What is the forecasted size of the Chinese Aflibercept Market?

The Chinese Aflibercept Market is estimated to be worth CNY 3162.04 Million by 2031.

Who are the key companies in the Chinese Aflibercept Market?

Key companies in the Chinese Aflibercept Market include Bayer AG (EYLEA).

Table of Contents

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, 2018-2021
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, 2018-2021
2.3.1 Intraocular Injection
2.3.2 Analysis of Other Dosage Forms
3 Analysis of Major Aflibercept Manufacturers in China, 2018-2021
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, 2021-2022
4.1 Bayer AG (EYLEA)
4.2 Others
5 Prospect of Chinese Aflibercept drug Market, 2022-2031
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
List of Charts
Chart Aflibercept Drugs Approved by Chinese Government, by 2022
Chart Sales Value of Aflibercept in China, 2018-2021
Chart Sales Value of Aflibercept in Regions of China, 2018-2021 (Unit: CNY thousand)
Chart Sales Volume of Aflibercept in China, 2018-2021
Chart Sales Volume of Aflibercept in Regions of China,2018-2021
Chart Sales value and volume of aflibercept intravitreal injection in China 2018-2021
Chart Market Share of Aflibercept Manufacturers by Sales Value in China, 2018-2021
Chart Market Share of Aflibercept Manufacturers by Sales Volume in China, 2018-2021
Chart Profile of Bayer AG
Chart Sales Value of Bayer AG's Aflibercept in China, 2018-2021
Chart Sales Volume of Bayer AG 's Aflibercept in China, 2018-2021
Chart EYLEA sold in the Chinese market
Chart Prices of BAYER AG’s Aflibercept (EYLEA ®) in Parts of China, 2021
Chart Forecast on sales of aflibercept in China 2022-2026

Companies Mentioned

  • Bayer AG (EYLEA)

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.


 

Loading
LOADING...