Press release
Ulcerative Colitis Treatment Market Size, Share, Industry, Forecast and outlook (2024-2031)
DataM Intelligence
Ulcerative Colitis Treatment Market Surges, Projected to Reach US$ 11.1 Billion by 2030
Global Market Hits US$ 6.9 Billion in 2022, Expects 6.3% CAGR During 2024-2031
The global ulcerative colitis treatment market has demonstrated robust growth, reaching a valuation of US$ 6.9 billion in 2022, with projections soaring to US$ 11.1 billion by 2030. The market is anticipated to witness a Compound Annual Growth Rate (CAGR) of 6.3% during the forecast period from 2024 to 2031.
Driving Forces
A confluence of factors propels the upward trajectory of the global ulcerative colitis treatment market. The escalating incidence of inflammatory bowel diseases, notably ulcerative colitis, coupled with intensified research endeavors, a surge in product approvals, and strategic market maneuvers such as mergers, acquisitions, collaborations, and product launches, constitute the primary drivers fueling market expansion.
Market Scope
Metrics:
CAGR: 6.3%
Forecast Period: 2024-2031
Size Available for Years: 2021-2030
Data Availability:
Value (US$): 6.9 Billion (2022), Projected to reach 11.1 Billion (2030)
Segments Covered:
Type, Drug Class, Route of Administration, Distribution Channel, and Region
Regions Covered:
North America, Europe, Asia-Pacific, South America, and Middle East & Africa
Fastest Growing Region and Largest Region
Asia-Pacific emerges as the fastest-growing region, while North America claims the largest market share.
Insights Covered in the Report
The comprehensive report delves into various facets, including competitive landscape analysis, company profiles, market size, share, growth, demand, recent developments, mergers and acquisitions, new type launches, growth strategies, revenue analysis, Porter's analysis, pricing analysis, regulatory analysis, and supply-chain analysis.
To know more Insights Download Sample: https://www.datamintelligence.com/download-sample/ulcerative-colitis-treatment-market
Market Dynamics
Increasing Market Developments Drive The Growth Of The Ulcerative Colitis Treatment Market
March 2022 witnessed Pfizer's acquisition of Arena Pharmaceuticals, aligning their pipelines to enhance immunology and swelling healing efforts, aimed at transforming patient lives.
July 2022 saw Athos Therapeutics' research alliance with Lahey Hospital and Medical Center, focusing on precision medicine in IBD and ulcerative colitis.
Increase in Research Activities Presents Growth Opportunities
Takeda Pharmaceutical initiated a phase III clinical investigation in June 2021, evaluating intravenous Vedolizumab's effectiveness and safety in Japanese individuals with moderate to severe ulcerative colitis.
Stringent Regulatory Bodies Pose Challenges
The presence of regulatory bodies, such as the United States Food and Drug Administration (USFDA) and the European Medicines Agency, poses challenges to market growth by enforcing rigorous approval processes for ulcerative colitis treatment drugs.
Segment Analysis
Immunosuppressant Drug Class Dominates
The immunosuppressant drug class segment is estimated to dominate the market, holding around 39.6% of the global market share. Bristol Myers Squibb's approval for Zeposia in November 2021 underscores the segment's significance.
Geographical Share
North America to Hold 38.8% Market Share by 2030
The North American region is expected to command approximately 38.8% of the global market share by 2030, driven by a high prevalence of inflammatory bowel diseases. Pfizer's stasimon Phase 3 investigation further contributes to the region's growth.
Key Players
Major global players shaping the ulcerative colitis treatment market include Abbott Laboratories, Ajinomoto, AstraZeneca Plc., Eli-Lilly, GlaxoSmithKline Plc., Index Pharmaceuticals Holdings AB, Johnson & Johnson, Merck & Co., Pfizer Inc., and Sanofi, among others.
Related reports:
keratoconus treatment market: https://www.datamintelligence.com/research-report/keratoconus-treatment-market
head and neck squamous cell carcinoma market: https://www.datamintelligence.com/research-report/head-and-neck-squamous-cell-carcinoma-market
lactose intolerance market: https://www.datamintelligence.com/research-report/lactose-intolerance-market
radiation toxicity treatment market: https://www.datamintelligence.com/research-report/radiation-toxicity-treatment-market
locally advanced pancreatic cancer market: https://www.datamintelligence.com/research-report/locally-advanced-pancreatic-cancer-market
hiv associated lipodystrophy market: https://www.datamintelligence.com/research-report/hiv-associated-lipodystrophy-market
Contact Us -
Company Name: DataM Intelligence
Email: info@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence 4Market Research is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Ulcerative Colitis Treatment Market Size, Share, Industry, Forecast and outlook (2024-2031) here
News-ID: 3397102 • Views: …
More Releases from DataM Intelligence 4Market Research
United States Tobacco Testing Market Set for Strong Growth Amid Rising Health Re …
Market Overview:
The Tobacco Testing Market is estimated to reach at a CAGR of 4% during the forecast period 2024-2031.
The Tobacco Testing Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Tobacco Testing market report is an essential resource for market…
United States Refractory Metals Market Set for Strong Growth Driven by High-Temp …
Market Overview:
The Refractory Metals Market is growing at a CAGR of 1.8% during the forecast period 2024-2031.
The Refractory Metals Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market participants to capitalize on these opportunities. Overall, the Refractory Metals market report is an essential resource for market participants who…
United States Alternative Proteins Market Set for Explosive Growth: Driving Sust …
Market Size and Growth:
The Global Alternative Proteins Market Size was valued at US$ 25.7 Billion in 2022 and is expected to reach USD 81.9 Billion by 2031, exhibiting a CAGR of 15.6% during the forecast period (2025-2032)
The Alternative Proteins Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth opportunities in the market and provides recommendations for market…
United States Meat Alternatives Market Surges as Consumers Embrace Plant-Based & …
Market Size and Growth:
The Global Meat Alternatives Market size value was USD 9.6 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 20.8 billion by 2031. The market is growing at a CAGR of 10.2% during the forecast period 2024-2031.
The Meat Alternatives Market report by DataM Intelligence provides insights into the latest trends and developments in the market. This report identifies the key growth…
More Releases for Data
Data Catalog Market: Serving Data Consumers
Data Catalog Market size was valued at US$ 801.10 Mn. in 2022 and the total revenue is expected to grow at a CAGR of 23.2% from 2023 to 2029, reaching nearly US$ 3451.16 Mn.
Data Catalog Market Report Scope and Research Methodology
The Data Catalog Market is poised to reach a valuation of US$ 3451.16 million by 2029. A data catalog serves as an organized inventory of an organization's data assets, leveraging…
Big Data Security: Increasing Data Volume and Data Velocity
Big data security is a term used to describe the security of data that is too large or complex to be managed using traditional security methods. Big data security is a growing concern for organizations as the amount of data generated continues to increase. There are a number of challenges associated with securing big data, including the need to store and process data in a secure manner, the need to…
HOW TO TRANSFORM BIG DATA TO SMART DATA USING DATA ENGINEERING?
We are at the cross-roads of a universe that is composed of actors, entities and use-cases; along with the associated data relationships across zillions of business scenarios. Organizations must derive the most out of data, and modern AI platforms can help businesses in this direction. These help ideally turn Big Data into plug-and-play pieces of information that are being widely known as Smart Data.
Specialized components backed up by AI and…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Data Prep Market Report 2018: Segmentation by Platform (Self-Service Data Prep, …
Global Data Prep market research report provides company profile for Alteryx, Inc. (U.S.), Informatica (U.S.), International Business Corporation (U.S.), TIBCO Software, Inc. (U.S.), Microsoft Corporation (U.S.), SAS Institute (U.S.), Datawatch Corporation (U.S.), Tableau Software, Inc. (U.S.) and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY…
Long Term Data Retention Solutions Market - The Increasing Demand For Big Data W …
Data retention is a technique to store the database of the organization for the future. An organization may retain data for several different reasons. One of the reasons is to act in accordance with state and federal regulations, i.e. information that may be considered old or irrelevant for internal use may need to be retained to comply with the laws of a particular jurisdiction or industry. Another reason is to…
