Description
Ustekinumab is a monoclonal antibody medication developed by Janssen Pharmaceuticals. It is mainly used to treat psoriasis, Crohn’s disease, and ulcerative colitis. Janssen’s Ustekinumab, STELARA was approved for its first indication in China in November 2017 and was officially commercialized and sold in 2019. By 2020, Janssen-Cilag International NV (BE) is the only manufacturer in the Chinese Ustekinumab market.
According to CRI’s market research, after Ustekinumab entered the Chinese market, the sales increased from CNY0.6 million in 2019 to CNY 2.25 million in 2020. The annual growth rate is 274%
CRI analyzes that the sales of Ustekinumab will continue to increase in the next five years due to market expansion. After Ustekinumab was approved for its first indication in China in 2017, its second indication was approved in March 2020, which is used to treat moderate to severe active Crohn’s disease. With the approval of the new indication, sales will increase accordingly. Besides, Ustekinumab had four approved indications globally, which means the number of approved indications has the potential to expand in China, so the sales will keep increasing. On the other hand, the relatively high price for Ustekinumab results in suboptimal sales in China. Since Ustekinumab has only been in the Chinese market for a short period, Janssen is not enthusiastic about the national medical insurance negotiation. However, with the emergence of domestic biosimilar drugs in the future, the price for Ustekinumab is expected to decrease and the market will be further expanded.
Topics Covered:
-The impact of COVID-19 on China’s Ustekinumab market
– Sales value and volume of China’s Ustekinumab 2016-2020
– Competitive landscape of China’s Ustekinumab market
– Prices of Ustekinumab in China
– Prices of Ustekinumab in China by regions and manufacturers
– Analysis on factors affecting the development of China’s Ustekinumab market
– Prospect of China’s Ustekinumab market from 2021 to 2025
