The ulcerative colitis market was valued at $6,180.29 million in 2020, and is estimated to reach $10,764.66 million by 2030, growing at a CAGR of 5.7% from 2021 to 2030. Ulcerative colitis (UC) is an inflammatory gastrointestinal disease that affects the colon or large intestine. UC is characterized as an incurable disease with low mortality rate and is generally diagnosed in adolescence and early adulthood.
Growth of the global UC market is majorly driven by alarming increase in number of chronic inflammatory bowel disease, rise in government initiatives for development of pharmaceutical industry, and increase in number of approvals for UC product. In addition, for instance, in June 2021, Pfizer Inc., initiated a phase III clinical trial to assess the efficacy, safety, and pharmacokinetics of tofacitinib in pediatric patients with moderately to severely active UC. The rise in new product launches drive the growth of the market. Moreover, according to the survey conducted by Marc D Basson on UC, in 2019, about one million people were affected with UC. Furthermore, as per Statista, around 2.5 million people were affected with inflammatory bowel disease in the U.S. Hence, the factors that drive the growth of the market are increase in incidences of inflammatory bowel disease and extensive uses of ulcerative colitis drugs.
Increase in government support for management of UC and surge in demand for effective treatment are the major factors that drive the global UC market. In addition, the key players such as Abbott Laboratories, Astrazeneca Plc., and Elli-Lilly provide numerous treatment products for UC, which contributes toward the market growth.
The cause of inflammatory bowel disease is known to involve an interaction between genes, the immune system, and environmental factors. Thus, increase in frequency of smoking causes the UC, which is expected to contribute towards the growth of UC market.
However, patent expiry and availability of alternative surgery option for UC treatment restrict the market growth. Presently, people are more aware of health, which, in turn, compels them to maintain their health condition and increase demand for treatment of ulcerative colitis drugs. This has encouraged many key players to enter emerging market, thus offering lucrative growth opportunities in the ulcerative colitis market.
The ulcerative colitis market is segmented on the basis of disease type, molecule type, route of administration and region. By type, the market is categorized into mild ulcerative colitis, moderate ulcerative colitis, and severe ulcerative colitis.
Depending on molecule type, it is divided into small molecules and biologics. As per route of administration, it is bifurcated into oral and injectable. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global ulcerative colitis market are Abbott Laboratories, Ajinomoto, Astrazeneca Plc., Eli-Lilly, GlaxoSmithKline Plc., Index Pharmaceuticals Holdings AB, Johnson & Johnson, Merck & Co., Pfizer Inc., and Sanofi.
Growth of the global UC market is majorly driven by alarming increase in number of chronic inflammatory bowel disease, rise in government initiatives for development of pharmaceutical industry, and increase in number of approvals for UC product. In addition, for instance, in June 2021, Pfizer Inc., initiated a phase III clinical trial to assess the efficacy, safety, and pharmacokinetics of tofacitinib in pediatric patients with moderately to severely active UC. The rise in new product launches drive the growth of the market. Moreover, according to the survey conducted by Marc D Basson on UC, in 2019, about one million people were affected with UC. Furthermore, as per Statista, around 2.5 million people were affected with inflammatory bowel disease in the U.S. Hence, the factors that drive the growth of the market are increase in incidences of inflammatory bowel disease and extensive uses of ulcerative colitis drugs.
Increase in government support for management of UC and surge in demand for effective treatment are the major factors that drive the global UC market. In addition, the key players such as Abbott Laboratories, Astrazeneca Plc., and Elli-Lilly provide numerous treatment products for UC, which contributes toward the market growth.
The cause of inflammatory bowel disease is known to involve an interaction between genes, the immune system, and environmental factors. Thus, increase in frequency of smoking causes the UC, which is expected to contribute towards the growth of UC market.
However, patent expiry and availability of alternative surgery option for UC treatment restrict the market growth. Presently, people are more aware of health, which, in turn, compels them to maintain their health condition and increase demand for treatment of ulcerative colitis drugs. This has encouraged many key players to enter emerging market, thus offering lucrative growth opportunities in the ulcerative colitis market.
The ulcerative colitis market is segmented on the basis of disease type, molecule type, route of administration and region. By type, the market is categorized into mild ulcerative colitis, moderate ulcerative colitis, and severe ulcerative colitis.
Depending on molecule type, it is divided into small molecules and biologics. As per route of administration, it is bifurcated into oral and injectable. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Some of the major companies that operate in the global ulcerative colitis market are Abbott Laboratories, Ajinomoto, Astrazeneca Plc., Eli-Lilly, GlaxoSmithKline Plc., Index Pharmaceuticals Holdings AB, Johnson & Johnson, Merck & Co., Pfizer Inc., and Sanofi.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ulcerative colitis market analysis from 2020 to 2030 to identify the prevailing ulcerative colitis market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the ulcerative colitis market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global ulcerative colitis market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Disease Type
- Mild UC
- Moderate UC
- Severe UC
By Molecule Type
- Biologics
- Small Molecules
By Route of Administration
- Oral
- Injectables
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- ABBOTT LABORATORIES
- AJINOMOTO CO. INC.
- ASTRAZENECA PLC
- ELI-LILLY
- INDEX PHARMACEUTICALS HOLDINGS AB
- GLAXOSIMITHKLINE PLC
- JOHNSON & JOHNSON
- Merck & Co. Inc.
- Pfizer Inc.
- SANOFI S.A
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ULCERATIVE COLITIS MARKET, BY DISEASE TYPE
CHAPTER 5: ULCERATIVE COLITIS MARKET, BY MOLECULE TYPE
CHAPTER 6: ULCERATIVE COLITIS MARKET, BY ROUTE OF ADMINISTRATION
CHAPTER 7: ULCERATIVE COLITIS MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
CHAPTER 9: COMPANY PROFILES
LIST OF TABLES
LIST OF FIGURES
Executive Summary
According to this report titled, 'Ulcerative Colitis Market,' the ulcerative colitis market was valued at $6.2 billion in 2020, and is estimated to reach $10.8 billion by 2030, growing at a CAGR of 5.7% from 2021 to 2030.Ulcerative colitis is an inflammatory bowel disease that affects the colon and rectum of the human body. The disease affects people of any age and most commonly it begins during adolescence and early adulthood, but it may also occur later in life. Ulcerative colitis is highly prevalent in the U.S., England, and northern Europe. The most commonly preferred treatment options for ulcerative colitis are traditional medications made of biologics and small molecules.
Factor that drives the ulcerative colitis market growth include increase in number of inflammatory bowel disease. In addition, rise in number of ulcerative colitis incidences propels growth of the market. However, rise in burden of inflammatory bowel disease increases growth of the market. Furthermore, the Food and Drug Administration (FDA) aims to enhance availability of reliable and effective drugs to meet public health needs and increase access to treat consumers.
Moreover, rise in development of pharmaceutical and medical device industries and improvement in healthcare spending are anticipated to drive growth of the ulcerative colitis market. In addition, increase in development of new product launches led to rise in the healthcare sector, thereby propelling growth of the market.
Moreover, governments initiatives for development of new drugs and healthcare sector for manufacturing of ulcerative colitis drugs are the key factors that boost growth of the market.
For instance, in May 2018, Takeda Pharmaceutical Company Ltd. and Shire Plc. announced that Takeda had reached an agreement on the terms of proposed offer to acquire all of outstanding shares and future common shares of Shire Plc. In addition, in June 2019, Abbvie completed the acquisition of Allergan to expand its product portfolio to offer extensively advanced treatments for patients. Allergan launched a monoclonal antibody called brazikumab, which is used in the treatment of ulcerative colitis. Thus, increase in development of new drugs drives the substantial growth of the ulcerative colitis market size during forecast period.
The global ulcerative colitis market is segmented on the basis of disease type, molecule type, route of administration, and region. On the basis of disease type, the market is fragmented into mild ulcerative colitis, moderate ulcerative colitis, and severe ulcerative colitis. The mild UC segment dominated the market in 2020, and this ulcerative colitis market trends is expected to continue during the forecast period, owing to increase in number of inflammatory bowel disease cases, advancements in R&D activities in pharmaceutical industries, and surge in adoption of ulcerative colitis drugs.
By molecule type, the market is divided into small molecules and biologics. The small molecule segment acquired top position in the ulcerative colitis industry in 2020, and this trend is expected to continue during the forecast period, owing to large number of drugs offered by key players and increase in use of drugs for the treatment of inflammatory gastrointestinal disorder. By route of administration, the market is fragmented into oral and injectables.
Region wise, North America accounted for a majority of the global ulcerative colitis market share in 2020, and is anticipated to remain dominant during the forecast period. This is attributed to rise in prevalence of inflammatory bowel disease, increase in number of approvals for ulcerative colitis drugs, presence of key players, and advancement in the development of drugs in the region. Asia-Pacific is anticipated to witness lucrative growth, owing to increase in deficiency of vitamin D in the countries, rise in number of geriatric populations, growth in health care expenditures, and rise in adoption of effective drugs.
Key findings of the Study
- By disease type, the mild UC segment was the highest contributor to the market in 2020.
- On the basis of molecule type, the small molecule segment dominated the market in 2020, and is expected to continue this trend during the forecast period.
- On the basis of route of administration, the oral segment dominated the market in 2020, and is expected to continue this trend during the forecast period
- Region wise, North America garnered the largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- ABBOTT LABORATORIES
- AJINOMOTO CO. INC.
- ASTRAZENECA PLC
- ELI-LILLY
- INDEX PHARMACEUTICALS HOLDINGS AB
- GLAXOSIMITHKLINE PLC
- JOHNSON & JOHNSON
- Merck & Co. Inc.
- Pfizer Inc.
- SANOFI S.A
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 225 |
| Published | March 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 6180.29 million |
| Forecasted Market Value ( USD | $ 10764.66 million |
| Compound Annual Growth Rate | 5.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
