Global Primary Biliary Cholangitis Therapeutics Market to be Driven by increasing awareness campaigns in the Forecast Period of 2021-2026

The new report by Expert Market Research titled, ‘Global Primary Biliary Cholangitis Therapeutics Market Report and Forecast 2021-2026’, gives in-depth analysis of the global primary biliary cholangitis therapeutics market, assessing the market based on its segments like type, and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on the request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026):

  • Forecast CAGR (2021-2026):  10.5%

The primary biliary cholangitis market is expected to grow in the coming years as a result of factors such as increased research and development activities for drug development, a rise in the number of patients with primary biliary cholangitis, and others. On the other hand, an increase in the number of medications approved by the Food and Drug Administration (FDA) to treat PBC is likely to create business opportunities.

Industry Definition and Major Segments

Primary biliary cholangitis (PBC), also known as Primary Biliary Cirrhosis, is a chronic liver condition caused by inflammation of the bile ducts. As in primary biliary cirrhosis, the bile ducts are weakened, and harmful substances can build up in the liver, causing permanent scarring of the liver tissue. PBC is an inflammatory condition in which the body attacks its own cells. The symptoms of primary biliary cholangitis appear gradually.

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The industry can be broadly categorised based on its type into:

  • Ocaliva
  • Ursodiol
  • Others

On the basis of regional markets, the industry is divided into:

1 North America
1.1 United States of America
1.2 Canada
2 Europe
2.1 Germany
2.2 United Kingdom
2.3 France
2.4 Italy
2.5 Others
3 Asia Pacific
3.1 China
3.2 Japan
3.3 India
3.4 ASEAN
3.5 Others
4 Latin America
4.1 Brazil
4.2 Argentina
4.3 Mexico
4.4 Others
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.3 Nigeria
5.4 South Africa
5.5 Others

Market Trends

Due to a lack of conclusive treatment and an advanced diagnostic procedure, the global primary biliary cholangitis treatment market is expected to be driven by a high unmet medical need, as well as increasing awareness among healthcare professionals and patients alike. Primary biliary cholangitis incidence and prevalence differ by area, ranging from 0.7 to 49 and 6.7 to 402 per million, respectively. The rising incidence and prevalence of the disease, as well as increased exposure to immune system causes such as pesticides, are currently driving revenue growth in the primary biliary cholangitis treatment market. Furthermore, over the projected era, lifestyle changes such as smoking, alcoholism, and obesity are expected to drive the demand for primary biliary cholangitis care. The lack of a definitive cure for primary biliary cholangitis and late diagnosis of the disease have hampered the global demand for primary biliary cholangitis treatment. This has resulted in treatment deprivation for patients. The market is restrained by a lack of epidemiology data that helps assess product access and availability in various geographies, which is expected to stifle primary biliary cholangitis treatment market revenue growth over the forecast period. Because of increased regulatory approvals for treatment options and increased awareness among patient advocacy groups about primary biliary cholangitis, North America and Western Europe will continue to be key markets for primary biliary cholangitis treatment products. This will help the regions retain a greater market share in the global primary biliary cholangitis treatment market.

Key Market Player

The major players in the market are Abbott Laboratories (NYSE: ABT), Allergan Plc, Eli Lilly and Co., Intercept Pharmaceuticals Inc., Takeda Pharmaceutical Co. Ltd., among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.

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