Market research reports, consulting: Global Market Insights Inc.

Home > Healthcare > Pharmaceuticals > Disease Specific Drugs > primary biliary cholangitis therapeutics market

Primary Biliary Cholangitis Therapeutics Market Size

Report ID: GMI10014 Published Date: June 2024Report Format: PDF
Download Free Sample
Summary
Table of Content

Primary biliary cholangitis therapeutics Market Size

Primary Biliary Cholangitis Therapeutics Market size was valued at USD 677.2 million in 2023 growing at a CAGR of 7.1% between 2024 and 2032, driven by factors such as the increase in the prevalence of primary biliary cholangitis.

 

Primary Biliary Cholangitis Therapeutics Market

For instance, as per the report published by Haymarket Media, Inc., it has been reported that the incidence and prevalence of PBC differ by geographic location such as the North America has the highest prevalence (21.81 per 100,000 individuals), followed by Europe (14.59 per 100,000 persons). The Asia-Pacific region had the lowest prevalence at 9.82 per 100,000 persons. Thus, the increasing prevalence of primary biliary cholangitis, especially among middle-aged women, drive the demand for effective treatments that is anticipated to boost the growth of the market.

Moreover, surge in technological advancement in diagnostic devices enable earlier and more accurate detection of PBC, leading to timely treatment and better patient outcomes, thereby augmenting the market growth.

Therapeutics for PBC focus on managing symptoms, slowing disease progression, and addressing complications. Ursodeoxycholic acid (UDCA) is the first-line treatment, helping improve bile flow, reduce liver inflammation, and delay disease progression, though it may not be effective for all patients. Obeticholic acid (OCA), a second-line treatment, is used for those with inadequate response to UDCA and works by reducing bile acid synthesis and improving bile flow.

Author: Mariam Faizullabhoy , Gauri Wani
Frequently Asked Question(FAQ) :

Who are the leading primary biliary cholangitis (PBC) therapeutics market players?+

Abbott Laboratories, Arlak Biotech Pvt. Ltd, Cadila Pharmaceuticals, Drag Pharma, Gilead Sciences, Inc., Intercept Pharmaceuticals, Inc., Ipsen, Leeford Healthcare Limited, Lupin, Sun Pharmaceuticals Ltd., Viatris, Inc. (Mylan N.V.), and Vivaldis.

How big is the North America primary biliary cholangitis therapeutics market?+

North America primary biliary cholangitis (PBC) therapeutics market held 45.2% revenue share in 2023 due to the high prevalence of PBC and rigorous regulatory standards set by the U.S. Food and Drug Administration (FDA) ensure the safety, efficacy, and quality.

Why is the demand for PBC therapeutics rising among humans?+

The human segment in the primary biliary cholangitis (PBC) therapeutics market held 88.2% revenue share in 2023 led by the rising prevalence of primary biliary cholangitis in women and well-developed healthcare infrastructure for effective treatment delivery.

What is the size of the primary biliary cholangitis therapeutics market?+

Global primary biliary cholangitis (PBC) therapeutics industry was valued at USD 677.2 million in 2023 and is anticipated to register 7.1% CAGR between 2024 and 2032 due to the rising prevalence of primary biliary cholangitis and increasing advancements in diagnostic technologies.

Primary Biliary Cholangitis Therapeutics Market Scope

Related Reports

Buy Now

Premium Report Details

Download Free Sample