Primary Biliary Cholangitis Therapeutics Market Trends

Primary Biliary Cholangitis Therapeutics Market Trends

• The rise in the prevalence of primary biliary cholangitis (PBC) significantly propels the growth of the PBC therapeutics market by increasing the number of patients requiring treatment and driving demand for innovative therapies. In addition, as the awareness and diagnosis of PBC improve, more patients are identified and treated, which in turn fuels the market for therapeutic solutions.
   
• For instance, a study published in the journal of National Institute of Health in August 2022 reported that the global prevalence of PBC is in the range from 1.9 to 40.2 per 100 000 individuals. Diagnosis is typically made between 55 and 65 years of age, and women are disproportionately affected with a female-to-male ratio of up to 9:1. Thus, as the number of diagnosed cases grows, the demand for effective treatment options also escalates.
   
• Further, patients diagnosed with PBC require long-term management to slow disease progression and mitigate symptoms, necessitating a steady and growing market for PBC therapeutics.
   
• Moreover, pharmaceutical companies are intensely involved in research and development activities to introduce new and improved therapies. The expansion of the patient population creates a lucrative market for both existing drugs and novel treatments, thereby fostering innovation and competition within the industry.