Ulcerative colitis (UC) is a chronic inflammatory bowel disease that affects the colon and rectum. The disease is characterized by ulcerations, inflammation, and bleeding in the colonic mucosa, which leads to diarrhea and abdominal pain. The market for UC drugs has been growing in recent years due to the increasing prevalence of UC, as well as advancements in drug development and treatment options.
The global Ulcerative Colitis Market was valued at USD 7.80 billion in 2021 and is expected to grow at a CAGR of 5.1% during the forecast period (2023-2030). The increasing demand for effective and innovative treatments, coupled with the growing awareness about UC, is expected to drive the market growth.
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These key highlights from the ulcerative colitis drug market report provide a valuable insight into the market trends and drivers. The biologics segment is expected to dominate the market due to its ability to selectively target the affected area, resulting in fewer side effects and increased preference among healthcare providers and patients. The immunomodulators segment is predicted to have the highest revenue growth rate, as they are used when other treatments have failed.
North America is expected to hold the largest market share due to the sophisticated healthcare system and high awareness of UC. The high prevalence of UC and Crohn's disease, as well as the presence of established healthcare systems and high risk of lifestyle-related factors, are driving the growth of the market in this region. The market is further driven by the strong product pipelines of major players and increased research activities.
The recent approval of SKYRIZI by the FDA as the first and only specific Interleukin-23 (IL-23) treatment for moderate to highly active Crohn's disease in adults is a significant development in the market. This highlights the growing focus on the development of innovative and effective treatments for UC.
Competitive landscape:
The report also sheds light on leading players in the market with details about their global position, revenue contribution, financial standing, product portfolio and license agreement. The global Ulcerative Colitis market is extremely competitive and comprise global and regional market players. These players are focused on adopting various strategies such as mergers and acquisitions, collaborations, and government partnerships, research and development activities and introducing novel products to strengthen their market position. Some of the key players operating in the global market are Johnson Johnson Services, Inc., AbbVie Inc., Takeda Pharmaceutical Company Limited, Pfizer Inc., Bristol-Myers Squibb Company, EA Pharma Co., Ltd., Elli Lilly and Company, Novartis AG, Merck Co., Inc., Reistone Biophrma, and Bausch Health Companies Inc.
Ulcerative Colitis Market Segmentation:
Segmentation by Product Type The global UC drug market can be segmented into biologic drugs and small molecule drugs. Biologic drugs, such as anti-TNF agents, are expected to hold a significant share of the market due to their high efficacy and growing demand. Small molecule drugs, such as 5-aminosalicylic acid (5-ASA) drugs, are also widely used for the treatment of UC.
Segmentation by Devices Categories The global UC drug market can also be segmented into oral and topical devices. Oral devices, such as tablets and capsules, are widely used for the treatment of UC due to their ease of administration. Topical devices, such as enemas and foams, are also commonly used for the treatment of UC, particularly for patients with more severe symptoms.
End-User Outlook The global UC drug market caters to patients with UC, as well as healthcare providers, such as hospitals, clinics, and specialty care centers. The increasing prevalence of UC and the growing demand for effective treatments are expected to drive the market growth among end-users.
Further the research report offers details about 5 major regions covered in the global Ulcerative Colitis market.
Regional analysis covers:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East Africa
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