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Ursodeoxycholic Acid Market Growth, Trends & Forecast 2024-2031 | Curivo Healthcare, Zoic Life Sciences, Biofield Pharma Pvt Ltd.
Ursodeoxycholic Acid Market
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What is the projected growth of the Global Ursodeoxycholic Acid market?
The Global Ursodeoxycholic Acid Market reached US$ 581.17 million in 2023 and is expected to reach US$ 1120.55 million by 2031 growing with a CAGR of 9.8% during the forecast period 2024-2031.
What is Ursodeoxycholic Acid Market?
The Ursodeoxycholic Acid (UDCA) Market revolves around its use in treating liver diseases, gallstones, and cystic fibrosis-related cholestasis. Driven by rising liver disorder cases, increasing healthcare awareness, and expanding pharmaceutical applications, the market is growing. Innovations in drug formulations and the demand for bile acid supplements further contribute to market expansion across global healthcare sectors.
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Who are the major players in the Ursodeoxycholic Acid market?
The prominent players in Ursodeoxycholic Acid market research report are:
Glenmark Pharmaceuticals Inc., Biobrick Pharma, Casca Remedies Pvt. Ltd., Wellona Pharma, ADDII BIOTECH PRIVATE LIMITED., Curivo Healthcare, Zoic Life Sciences, Biofield Pharma Pvt Ltd, Jabs Biotech Pvt. Ltd, and Captee among others.
The companies are primarily focusing on strategies such as new product launches to penetrate the fastest-growing emerging markets across the world.
Key Development
In August 2024, Gilead Sciences, Inc. announced that the U.S. FDA granted accelerated approval for Livdelzi (seladelpar) to treat primary biliary cholangitis (PBC). This approval enables Livdelzi to be used alongside ursodeoxycholic acid (UDCA) for adults who haven't responded well to UDCA and as a standalone treatment for those unable to tolerate UDCA. This marks a significant advancement in expanding treatment options for PBC patients.
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Market Segments
By Type: Synthetic Ursodeoxycholic Acid (UDCA), Biological Ursodeoxycholic Acid (UDCA).
By Form: Tablets, Capsules, Suspension.
By Application: Gallstones, Primary Biliary Cholangitis (PBC), Primary Sclerosing Cholangitis (PSC), Non-Alcoholic Fatty Liver Disease (NAFLD), Other Liver and Biliary Diseases.
By Distribution Channels: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.
The Ursodeoxycholic Acid industry is experiencing rapid growth, driven by advancements in medical technologies, increased demand for innovative therapies, and a rising focus on patient-centered care. As these sectors evolve, the need for comprehensive market analysis becomes crucial to understand trends, regulatory changes, and emerging opportunities.
Regions Covered:
The global Ursodeoxycholic Acid Market report focuses on six major regions: North America, South America, Europe, Asia Pacific, the Middle East, and Africa.
☞ North America - US, Canada, Mexico
☞ Europe- Germany, Russia, UK, France, Italy, Rest of Europe
☞ Asia Pacific- China, India, Japan, Australia, Rest of Asia Pacific
☞ South America- Brazil, Argentina, Colombia, Rest of South America
☞ Middle East and Africa- Saudi Arabia, UAE, Oman, Bahrain, Qatar, Kuwait, Israel
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Benefits of the Report:
➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.
➡ Top-down and bottom-up approach for regional analysis
➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.
➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market
Contact Us -
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Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com
About Us -
DataM Intelligence 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.
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