The global Ulcerative Colitis Treatment Market size was USD 7.80 Billion in 2021 and is expected to register a revenue CAGR of 5.1% over the forecast period, according to the latest report by Reports and Data.
The rising prevalence of Ulcerative Colitis Treatment and other Inflammatory Bowel Disorders (IBD), the development of biosimilars, and the rising demand for IBD therapy in emerging nations are some of the significant factors influencing the growth of the global market for Ulcerative Colitis Treatment drugs. Demand for Ulcerative Colitis Treatment drugs is rising as more attention is being paid to diagnosis and treatment to reduce and manage Ulcerative Colitis Treatment indications and symptoms. Although there is no known cause for Ulcerative Colitis Treatment, there are a number of different types of medications that are useful in treating the symptoms. The aetiology and severity of the condition have a significant impact on the kind of medication or treatment that is recommended to a patient.
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Some Key Highlights from the Report
- The global Ulcerative Colitis Treatment drug market is divided into biologics, corticosteroids, immunomodulators, 5-aminosalicylic acid, immunosuppressants, biosimilars, and others based on medication type. The biologics section accounted for the biggest revenue share in 2021 because to its ability to function selectively rather than affecting the entire body, resulting in fewer medication-related adverse effects and increased preference among care providers and care users.
- During the projected period, the immunomodulators segment is predicted to have the highest revenue growth rate. This class of medications limits or modulates the body's immune response, preventing it from continuing inflammation. Immunomodulators are often used when corticosteroids and aminosalicylates have failed to function or have only partially worked, which might take months to become effective.
- According to geographical analysis, the North America market is predicted to have the highest revenue share throughout the forecast period because to the sophisticated healthcare system in the United States, an increase in illness information and awareness among people, and technological innovation in this area. Furthermore, the high prevalence and growing incidence of Crohn's disease and Ulcerative Colitis Treatment in the United States and Canada, as well as the area's established healthcare system and high risk of lifestyle-related variables, are driving revenue growth in this region. Furthermore, the global IBD (Ulcerative Colitis Treatment and Crohn's disease) therapeutic market in this area is projected to be driven by top competitors' strong product pipelines. The market's development is also supported by the market's members' increased research activities.
- AbbVie announced in June 2022 that the US Food and Drug Administration (FDA) has authorised SKYRIZI as the first and only specific Interleukin-23 (IL-23) to treat moderately to highly active Crohn's disease in adults.
The research report further provides an in-depth assessment of the business landscape, profiles of key competitors, production capacity, product portfolio, production cost, market share, market size, revenue growth, revenue contribution, industry overview and growth driving factors throughout the forecast period. The Ulcerative Colitis Treatment market report includes SWOT analysis and Porter’s Five Forces analysis along with feasibility analysis and venture return analysis to offer key insights into market dynamics and competitive landscape.
Drug Type Outlook (Revenue, USD Billion; 2019-2030)
- Biologics
- Corticosteroids
- Immunomodulators
- 5-aminosalicylic Acid
- Immunosuppressant
- Biosimilars
- Others
Route of Administration Outlook (Revenue, USD Billion; 2019-2030)
- Oral
- Injectable
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
- Hospital Pharmacy
- Online Pharmacy
- Retail Pharmacy
Application Outlook (Revenue, USD Billion; 2019-2030)
- Proctosigmoiditis
- Ulcerative Proctitis
- Pancolitis
- Left-sided Colitis
- Acute Severe Ulcerative Colitis Treatment
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Regional analysis includes:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of EU)
- Asia-Pacific (India, China, Japan, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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