Ulcerative Colitis Treatment Sales Were $5.6 Billion and are Expected to Reach $7.9 Billion In 2027
As per Fact.MR's industry analysis of throat lozenges, we have conducted a comprehensive analysis of the global ulcerative colitis therapeutics market, which is expected to grow at a CAGR of 5.1% during the forecast period (2021-2027).
The specific cause of ulcerative colitis is not known. However, genetic causes, environmental changes, or immune system disorders are all possibilities. Simple health habits like eating short meals throughout the day, staying hydrated, avoiding fatty foods, and reducing your intake of high-fiber foods can help prevent ulcerative colitis.
Ulcerative colitis treatment has two primary goals. The first is to reduce the severity of symptoms and improve patient comfort while promoting bowel repair. The second goal is to prevent further flare-ups. The goal of treatment is to reduce and control the signs and symptoms of the disease.
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The global ulcerative colitis therapeutics market is primarily driven by the rising incidence of inflammatory bowel disease, increasing cases of ulcerative colitis, and development of ulcerative colitis-specific drugs by a number of key players.
Highlights of market research
- The global ulcerative colitis therapeutics market will reach USD 19.9 billion by 2027.
- The ulcerative proctitis segment is projected to reach approximately $2.1 billion by 2027.
- The European market will register a CAGR of 4.2% during the forecast period of 2021-2027.
- The Chinese market is expected to reach a value of $1.4 billion by 2027.
“ Increasing product launches and approvals, increasing active clinical studies, and increasing research and development activities for ulcerative colitis treatment will propel the market growth in the coming years,” said Fact.MR analyst .
winning strategy
Key market players are focused on developing new treatments for the serious condition of ulcerative colitis. Companies are involved in developing new drugs for the treatment of ulcerative colitis.
To enter new markets and gain significant market share, key players are focusing their efforts on product expansion and innovative therapies, particularly in emerging economies. We form partnerships regularly to diversify our product portfolio and increase our market share.
for example,
- In 2019, the Abbvie Company finalized its acquisition of Allergan, enabling it to expand its pharmaceutical reach and bring more advanced treatments to patients. Allergen made a monoclonal antibody known as brazikumab, which is used to treat ulcerative colitis and Crohn's disease.
- In April 2021, Arena Pharmaceuticals, Inc. initiated a phase 2 clinical trial to determine if oral etrasimod is an effective treatment for adults with moderately active ulcerative colitis.
famous player
- Abbott Laboratories, Inc.
- AstraZeneca PLC
- Avaxia Biologics, Inc.
- BioLineRx Ltd.
- Astellas Pharmaceuticals
- Cosmo Pharmaceuticals NV
- AbbVie, Inc.
- Amgen Co., Ltd.
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industry research
- By disease type:
- ulcerative proctitis
- Protocolitis
- Colitis on the left
- Pancolitis or systemic colitis
- fulminant colitis
- By route of administration:
- oral-
- injection
- By region:
- North America
- europe
- Asia Pacific
- Latin America
- thing
Deliver more valuable insights
Fact.MR presents an impartial analysis of the global ulcerative colitis therapeutics market in new products and presents historical demand data (2017-2020) and forecast statistics for the period 2021-2027.
The study is conducted across five major regions (North America, Europe, Asia Pacific, Latin America and MEA).
Check out more related studies published by Fact.MR Research. US-6-99-Billion-by-the-End-of-2033 Expected to Reach 2033-Fact-MR-Analysis.html
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