Rising Healthcare Expenditures Propel Ulcerative Colitis Market - Expected to Surpass $8.86 Billion by 2027

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Sep 18, 2023, 11:00 ET

The "Ulcerative Colitis Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.

DUBLIN, Sept. 18, 2023 /PRNewswire/ -- The global ulcerative colitis market is set to experience robust expansion, with a projected growth from $6.35 billion in 2022 to $6.84 billion in 2023, representing a Compound Annual Growth Rate (CAGR) of 7.7%. This upward trajectory is expected to continue, reaching $8.86 billion by 2027 at a CAGR of 6.7%.

Major industry players contributing to this growth include Abbott Laboratories, AbbVie Inc., Ajinomoto Co. Inc., and many others.

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About Ulcerative Colitis:

Ulcerative colitis is a chronic inflammatory bowel disease categorized as an autoimmune disorder. It involves the immune system's attack on the large intestine's healthy tissue, leading to inflammation on the superficial layer of the large intestine. Common symptoms include diarrhea, weight loss, abdominal cramping, anemia, and blood or pus in bowel movements.

Market Insights:

The primary drug categories for ulcerative colitis treatment are anti-inflammatory drugs, anti-TNF biologics, immunosuppressants, calcineurin inhibitors, and others. Anti-inflammatory drugs reduce inflammation in the body and are prescribed for various disease types, including ulcerative proctitis, proctosigmoiditis, left-sided colitis, pancolitis, and fulminant colitis. They come in biologic and small molecule forms, available for oral or injectable administration and serve diverse end-users, including hospital pharmacies, retail pharmacies, and drug stores.

Technological Advancements:

Technological advancements are gaining momentum in the ulcerative colitis market. Companies are adopting innovative technologies to maintain their market positions. For example, Clario ERT Inc., GI Reviewers LLC, and RSIP Vision introduced an AI-based rating system in March 2023. This system enhances efficiency and consistency in scoring inflammatory bowel diseases like ulcerative colitis, ultimately reducing clinical trial costs.

Recent Acquisition:

In March 2022, Pfizer Inc. acquired Arena Pharmaceuticals Inc. for approximately $6.7 billion, expanding its inflammation and immunology pipeline. This strategic move aims to improve treatment options for immuno-inflammatory disorders like ulcerative colitis.

Regional Insights:

North America dominated the ulcerative colitis market in 2022. The market report covers regions such as Asia-Pacific, Western Europe, Eastern Europe, North America, South America, and the Middle East and Africa.

Country-Specific Data:

The report delves into specific countries, including Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA.

Impact of Healthcare Expenditure:

Rising healthcare expenditures are expected to drive market growth. Increased healthcare spending enhances access to medical care and therapies, benefiting ulcerative colitis patients. For instance, the 2021-2030 National Health Expenditure (NHE) report projects a 5.1% annual increase in national health spending, reaching approximately $6.8 trillion by 2030, which will boost the ulcerative colitis market.

Key Topics Covered:

1. Executive Summary

2. Ulcerative Colitis Market Characteristics

3. Ulcerative Colitis Market Trends And Strategies

4. Ulcerative Colitis Market - Macro Economic Scenario
4.1. COVID-19 Impact On Ulcerative Colitis Market
4.2. Ukraine-Russia War Impact On Ulcerative Colitis Market
4.3. Impact Of High Inflation On Ulcerative Colitis Market

5. Ulcerative Colitis Market Size And Growth
5.1. Global Ulcerative Colitis Historic Market, 2017-2022, $ Billion
5.1.1. Drivers Of The Market
5.1.2. Restraints On The Market
5.2. Global Ulcerative Colitis Forecast Market, 2022-2027F, 2032F, $ Billion
5.2.1. Drivers Of The Market
5.2.2. Restraints On the Market

6. Ulcerative Colitis Market Segmentation
6.1. Global Ulcerative Colitis Market, Segmentation By Drug Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Anti-Inflammatory Drugs
Anti-TNF Biologics
Immunosuppressant
Calcineurin Inhibitors
Other Drugs

6.2. Global Ulcerative Colitis Market, Segmentation By Disease Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Ulcerative Proctitis
Proctosigmoiditis
Left-sided Colitis
Pancolitis or Universal Colitis
Fulminant Colitis

6.3. Global Ulcerative Colitis Market, Segmentation By Molecule Type, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Biologics
Small Molecules

6.4. Global Ulcerative Colitis Market, Segmentation By Route of Administration, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Oral
Injectables

6.5. Global Ulcerative Colitis Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

Hospital Pharmacies
Retail Pharmacies
Drug Store
Other End-Users

7. Ulcerative Colitis Market Regional And Country Analysis
7.1. Global Ulcerative Colitis Market, Split By Region, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
7.2. Global Ulcerative Colitis Market, Split By Country, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion

For more information about this report visit https://www.researchandmarkets.com/r/p30zoh

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