Ulcerative Colitis Market 2022 | Asia-Pacific registering a CAGR of 6.5%
According to a new report published by Allied Market Research, 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.
The impact of the COVID-19 pandemic on the ulcerative colitis market was reported to be negative, due to COVID-19, patients forced to postpone or cancel elective surgery, including elective procedures for inflammatory bowel disease (IBD), despite the higher risk of these patients of requiring urgent surgery. So, the delay the procedures of ulcerative colitis treatment decrease the production of medications over ulcerative colitis disease has restricted the growth of the market.
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Key Market Players
AJINOMOTO CO. INC.
INDEX PHARMACEUTICALS HOLDINGS AB
JOHNSON & JOHNSON
Merck & Co. Inc.
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.
Ulcerative colitis is an inflammatory bowel disease that affects the colon 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.
Key Market Segments
By Disease Type
By Molecule Type
By Route of Administration
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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.
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.
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Ulcerative colitis is the most common type of inflammatory bowel disease that affects the colon (lining of the large intestine) and rectum. The inflammation produces tiny sores called ulcers. These disease can affect people of any age, though prevalence is especially high among people under 30 years of age. The major symptoms of this disease are diarrhea, belly pain/cramps, bleeding from the rectum, also other indications are sudden and unexplained