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Ursodeoxycholic Acid Market Size

Report ID: GMI6838
Published Date: Oct 2023
Report Format: PDF

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Ursodeoxycholic Acid Market Size

Ursodeoxycholic Acid Market size was accounted for USD 581.7 million in 2022 and is likely to reach USD 1.4 billion by 2032 with CAGR of 10.1%. The growth in demand for ursodeoxycholic acid (UDCA) can be attributed to several factors, including the increasing prevalence of liver diseases such as primary biliary cholangitis and gallstones and the growing volume of research focused on UDCA.

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UDCA has a well-established history of usage and is known for its ability to enhance liver function, reduce inflammation, and decelerate the progression of various liver diseases. Moreover, UDCA is readily available in various forms, including both branded and generic versions, and is offered in a wide range of strengths. This accessibility benefits both patients and healthcare providers ensuring a broader reach and ease of use, thereby promoting high market progress.

Ursodeoxycholic acid is an active pharmaceutical ingredient (API) that is isolated or synthesized and used as the primary therapeutic component in various pharmaceutical formulations. It is employed for its hepatoprotective (liver-protective) properties and its ability to dissolve cholesterol gallstones. UDCA is commonly used in medications for treating liver and gallbladder disorders, such as primary biliary cholangitis (PBC), primary sclerosing cholangitis (PSC), and certain cases of gallstone disease.

Ursodeoxycholic Acid Market Report Attributes
Report Attribute	Details
Base Year:	2022
Ursodeoxycholic Acid Market Size in 2022:	USD 581.7 Million
Forecast Period:	2023 to 2032
Forecast Period 2023 to 2032 CAGR:	10.1%
2032 Value Projection:	USD 1.4 Billion
Historical Data for:	2018 to 2022
No. of Pages:	172
Tables, Charts & Figures:	294
Segments covered:	Type, Application, Mode, Use, and Region
Growth Drivers:	Rising prevalence of liver diseases and gallstones Growing pharmaceutical industry Increasing research and development related to ursodeoxycholic acid
Pitfalls & Challenges:	Side effects of ursodeoxycholic acid

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Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Ursodeoxycholic acid industry size reached USD 581.7 million in 2022 and is poised to reach USD 1.4 billion by 2032 attributed to the increasing prevalence of liver diseases, such as primary biliary cholangitis and gallstones.

Synthetic segment is expected to be worth USD 958.6 million by 2032 driven by widespread utilization in the pharmaceutical and medical fields for its multitude advantages.

North America ursodeoxycholic acid market accounted for USD 203.7 million in revenue in 2022 and is expected to expand at notable CAGR through 2032 owing to increasing application due to the elevated prevalence of liver and gallbladder ailments UDCA.

Some of the top ursodeoxycholic acid companies are Daewoong Bio, ICE S.p.a., Merck KGa, Glenmark Pharmaceuticals Ltd., Dipharma Francis S.r.l., IOL Chemicals and Pharmaceuticals, Kimia Biosciences Ltd., Cerata Pharmaceuticals, and Changde Yungang Biotechnology Co. Ltd.,