Ursodeoxycholic Acid Market to Witness Robust Growth by 2029 | Rising Liver Disease Cases & Pharma R&D Drive Demand

Ursodeoxycholic Acid Market Size

The global Ursodeoxycholic Acid revenue was US$ 445 million in 2022 and is forecast to a readjusted size of US$ 943.6 million by 2029 with a CAGR of 11.2% during the forecast period (2023-2029).

In India, the Ursodeoxycholic Acid revenue is expected to grow from US$ million in 2022 to US$ million by 2029, at a CAGR of % during the forecast period (2023-2029).

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Global Ursodeoxycholic Acid key players include ICE, Mitsubishi Tanabe Pharma, Daewoong Chemical, PharmaZell GmbH, Dipharma Francis, etc. Global top five manufacturers hold a share about 65%. Asia-Pacific is the largest market, with a share about 50%, followed by Europe, with a share about 30 percent. In terms of product, Synthetic UDCA is the largest segment, with a share about 95%. And in terms of application, the largest application is Pharmacy, followed by Health Products.

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This report focuses on global and India Ursodeoxycholic Acid market, also covers the segmentation data of other regions in regional level and county level.

India is now the world's most populous country. According to IMF (its July update to its World Economic Outlook), India's GDP growth is projected at 6.1% in 2023, powered by domestic investment. First and foremost, the key factor in India's rapid economic growth is the huge supply and demand from a large population base. Demand and supply sides working in both directions to support India's economic stability.

India is a market full of opportunities, and the demand for Ursodeoxycholic Acid will continue to grow rapidly in the future.

By Type
• Synthetic UDCA
• Extraction UDCA

By Application
• Pharmacy
• Health Products

Key Companies
ICE, Mitsubishi Tanabe Pharma, Daewoong Chemical, PharmaZell GmbH, Zhongshan belling, Dipharma Francis, Grindeks, Erregierre, Abil Chempharma, Biotavia Labs, Suzhou Tianlu, Arcelor Chemicals

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This release was published on openPR.