The global ulcerative colitis market accounted for USD 5,200 million in 2017 and is expected to reach USD 5,450 million by 2016. The market is expected to reach USD 6,798 million by 2022, growing at a CAGR of 4.52% during the forecast period from 2016 to 2022.
According to the US Center for Disease Control, there is an ulcerative colitis prevalence of 238 per 100,000 adults. The number of ulcerative colitis patients is increasing in emerging economies.
Global Ulcerative Colitis Market-Market Dynamics
The report details several factors driving and restraining the market, some of which are listed below.
Increasing patient pool with unmet needs
New drugs entering the market
Increasing global incidence & prevalence rate
Increasing investments towards research in small molecules
Blockbuster drugs losing patent protection and increasing the propensity for generic drugs are turning out to be restraints for the market.
The ulcerative colitis market has been segmented based on monoclonal antibodies, pharmaceuticals, and biosimilars. The segment on monoclonal antibodies includes Humira, Simponi, Remicade, and Entyvio. The segment on pharmaceuticals has been further segmented into Mesalamine, Balsalazide, and Budesonide (Uceris).The mesalamine drug includes Asacol HD, Pentasa, Lialda, and sfRowasa. The Balsalazide includes Colazal and Giazo.
Geographically, the market has been segmented into North America, Europe, Asia-Pacific, and Rest of the World. North America includes the US, Canada, and Mexico. The Europe segment includes the UK, Germany, France, Spain, Italy, Scandinavia, BENELUX, and Rest of Europe. The Asia-Pacific segment includes Japan, China, India, South Korea, Australia & New Zealand and
Rest of Asia-Pacific.
The lack of curative therapy and personalized therapy are big opportunities for the market. North America, especially the US, accounted for the largest market share. The Europe and Asia-Pacific markets are expected to grow at a higher CAGR during the forecast period. In Asia-Pacific, China leads the market. Economic development and betterment of healthcare facilities are propelling the growth of the market. The entry of Simponi and Entyvio is likely to fuel the growth of the market. However, Humira will lose its patent in 2016 and Remicade in 2018 and will not have a positive impact on the market.
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Some of the key players in the market are:
Johnson and Johnson
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What the Report Offers
Market analysis for the global ulcerative colitis market, with region-specific assessments and competition analysis.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global ulcerative colitis market.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.