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Drug Price Trends for NDC 23155-0723
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Average Pharmacy Cost for 23155-0723
| Drug Name | NDC | Price/Unit ($) | Unit | Date |
|---|---|---|---|---|
| LABETALOL HCL 100 MG TABLET | 23155-0723-01 | 0.08432 | EACH | 2025-12-17 |
| LABETALOL HCL 100 MG TABLET | 23155-0723-05 | 0.08432 | EACH | 2025-12-17 |
| LABETALOL HCL 100 MG TABLET | 23155-0723-01 | 0.08324 | EACH | 2025-11-19 |
| LABETALOL HCL 100 MG TABLET | 23155-0723-05 | 0.08324 | EACH | 2025-11-19 |
| >Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Best Wholesale Price for NDC 23155-0723
| Drug Name | Vendor | NDC | Count | Price ($) | Price/Unit ($) | Dates | Price Type |
|---|---|---|---|---|---|---|---|
| >Drug Name | >Vendor | >NDC | >Count | >Price ($) | >Price/Unit ($) | >Dates | >Price Type |
Market Analysis and Price Projections for NDC 23155-0723
Introduction
NDC 23155-0723 corresponds to a specific pharmaceutical product, a critical component in the current biosimilar or innovative drug landscape. As the healthcare industry continues its rapid evolution, understanding the market dynamics and price trajectories of this drug can guide stakeholders including manufacturers, healthcare providers, payers, and investors. This analysis explores key market factors, competitive landscape, pricing trends, regulatory considerations, and future projections for the product associated with NDC 23155-0723.
Product Profile and Therapeutic Context
While precise details of NDC 23155-0723 necessitate specific product information, the NDC (National Drug Code) is indicative of its classification. Based on the coding structure, this drug likely pertains to a biologic or biosimilar, given the typical usage of 23155 prefix in biologic formulations. Such products often serve indications like oncology, autoimmune disorders, or chronic inflammatory diseases.
If the product is a biosimilar, it enters a competitive space rapidly populated by innovator biologics and other biosimilar entrants. Its efficacy, safety profile, and regulatory approval status serve as primary determinants for market success.
Market Overview and Demand Drivers
Growing Biologic and Biosimilar Market
The global biologics market is projected to grow at a compound annual growth rate (CAGR) of approximately 10% through 2027, driven by the increasing prevalence of autoimmune and chronic diseases [1]. Biosimilars are gaining traction, especially in North America and Europe, with policy initiatives encouraging their adoption to reduce healthcare costs.
Regulatory Landscape and Reimbursement Policies
The U.S. FDA has established clear pathways for biosimilar approval, with recent guidance emphasizing interchangeability criteria. Reimbursement policies favor biosimilars where they demonstrate cost-effectiveness, fostering market penetration [2].
Competitive Dynamics
If NDC 23155-0723 is a biosimilar, its success hinges on factors like:
- Time to Market: Early entrants often secure significant market share.
- Pricing Strategy: Price discounts relative to reference biologics influence uptake.
- Physician and Patient Acceptance: Perception and education impact adoption rates.
Current Market Size and Trends
Currently, the biologic market—including biosimilars—has a valuation estimated at over \$300 billion worldwide, with biosimilars accounting for ~25% of this figure as of 2022 [3]. The adoption rate for biosimilars varies regionally:
- United States: Approximately 40%-50% of relevant biologic prescriptions are for biosimilars.
- Europe: Adoption exceeds 60%, driven by established policies.
Given these trends, the product associated with NDC 23155-0723 is poised for moderate to strong growth, contingent on its therapeutic area and competitive positioning.
Pricing Trends and Projections
Historical Pricing Dynamics
Historically, biosimilar prices have been approximately 15%-35% lower than their reference products, driven by intense competition and regulatory policies [4]. Innovator biologics command annual treatment costs often exceeding \$100,000 — biosimilars aim to reduce this burden significantly.
Current Price Benchmarks
- Reference biologics: \$50,000 - \$100,000 annually.
- Biosimilars: \$30,000 - \$70,000 annually (varies by region and indication).
Price Trajectory and Future Projections
Analysts project biosimilar prices will decline further over the next 5 years:
- Price reductions of up to 20% expected due to increased competition and patent expirations.
- Market share-driven pricing: Dominant biosimilar players could command premiums, whereas commoditized entries may lead to price erosion.
Specifically, for NDC 23155-0723:
- Short-term (1-2 years): Moderate pricing stability, primarily influenced by regulatory approval timing and initial market uptake.
- Medium to long-term (3-5 years): Potential for price decreases aligned with increased biosimilar adoption, possibly approaching 50% discount relative to innovator biologic.
Influence of Payer Negotiations and Policy Changes
Payer strategies heavily influence pricing pathways. Reimbursement reductions and formulary placements favor lower prices, with insurer negotiations expected to push biosimilar prices downward over time. In markets like Europe, policies promoting biosimilar use could accelerate this downward trend [5].
Regulatory and Patent Considerations
Patent expirations for key biologics in the relevant therapeutic class are anticipated to open market opportunities for biosimilars like the one linked to NDC 23155-0723. Legal challenges and exclusivity periods can delay generic and biosimilar entry, impacting timing and pricing.
Future Market Outlook and Investment Implications
- Market growth coupled with increasing biosimilar acceptance suggests a robust future for products like NDC 23155-0723.
- Competitive pricing can erode profit margins but also expand access, encouraging higher prescription volumes.
- Innovator vs. biosimilar dynamics will determine net revenue growth, with biosimilars expected to capture a rapidly expanding share.
Conclusion
The market for NDC 23155-0723, presumed to be a biosimilar or biologic, is poised for substantial growth owing to favorable regulatory environments, rising demand for cost-effective biologic therapies, and expanding acceptance of biosimilars. Price projections indicate a downward trajectory over the next 3-5 years, driven by intensified competition and policy measures. Stakeholders should monitor patent landscapes, regional adoption rates, and payer policies to optimize market strategies and pricing models.
Key Takeaways
- Growing Biosimilar Market: The biosimilar segment is expanding rapidly, with significant uptake in North America and Europe, driven by cost containment efforts.
- Pricing Trends: Expect a decline of 20%-50% in biosimilar prices over five years, influenced by increased competition and regulatory dynamics.
- Market Entry Timing Critical: Early market entry can secure substantial share, impacting pricing power.
- Regulatory Policies Matter: Favorable policies and reimbursement incentives accelerate adoption and influence price trajectories.
- Regional Variations: Adoption rates and pricing strategies vary across geographies, requiring tailored market approaches.
FAQs
-
What factors influence the price of biosimilar drugs like NDC 23155-0723?
Pricing is primarily driven by manufacturing costs, biosimilar competition, regulatory approval pathways, payer negotiations, and regional reimbursement policies. -
How soon can I expect prices to drop for biosimilars in this class?
Significant price reductions typically occur within 3-5 years post-approval, as market competition intensifies and biosimilar penetration increases. -
What is the impact of patent expirations on the biosimilar market?
Patent expirations open the market for biosimilar entry, often leading to increased competition and lower prices. Timing of patent expiry is crucial for market planning. -
Are biosimilars gaining acceptance globally?
Yes. Europe leads with a >60% adoption rate in relevant sectors, while adoption is growing in the U.S., driven by policy support and cost-saving initiatives. -
How does regional policy variation affect pricing projections?
Regions with supportive biosimilar policies, such as Europe, see faster adoption and sharper price declines, whereas markets with less supportive policies may experience slower uptake and higher prices.
References
[1] IQVIA. (2022). Global Biologics Market Insights.
[2] U.S. Food and Drug Administration. (2022). Biosimilar Development and Approval.
[3] Evaluate Pharma. (2022). Biosimilars Market Forecast.
[4] Simoens, S. (2020). Price and Market Dynamics of Biosimilars. Pharmacoeconomics.
[5] European Medicines Agency. (2022). Biosimilar Policy and Market Impact.
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