Primary Biliary Cholangitis Market Trends, Share, Industry Size, Growth, Opportunities and Forecast to 2029
An excellent practice models and method of research used while building Primary Biliary Cholangitis Market report unearths the best opportunities to thrive in the market. Market report provides wide-ranging statistical analysis of the market’s continuous positive developments, capacity, production, production value, cost/profit, supply/demand and import/export. It encompasses a methodical investigation of current scenario of the global market, which covers several market dynamics. This market research report delivers extensive analysis of the market structure along with forecast of the diverse segments and sub-segments of the market. To acquire detailed Primary Biliary Cholangitis market report, request an analyst call or drop down an enquiry at any time.
The verified and advanced tools such as SWOT analysis and Porter's Five Forces Analysis are used watchfully to structure Primary Biliary Cholangitis market report. While designing the report, markets on the local, regional as well as global level are explored. In addition, for the clear and better understanding of facts and figures, the data is represented in the form of graphs, tables, and charts. This market research report also offers list of the chief competitors and provides the strategic insights and analysis of the key factors influencing the industry. Careful efforts of experienced forecasters, well-versed analysts and knowledgeable researchers result into such premium Primary Biliary Cholangitis market research report.
Data Bridge Market Research analyses that the primary biliary cholangitis market was valued at USD 784.81 million in 2021 and is expected to reach USD 1,744.47 million by 2029, registering a CAGR of 10.50% during the forecast period of 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Primary biliary cholangitis, also known as primary biliary cirrhosis, is a chronic liver condition in which the bile ducts are gradually damaged. PBC has no known treatment. To control symptoms and reduce the progression of PBC, doctors prescribe medication. Ursodiol aids in the removal of bile from the liver. In many cases, this medication improves liver function and slows the course of liver disease. If ursodeoxycholic acid (UDCA) is ineffective or cannot be tolerated, obeticholic acid is used alone or in combination with it. This treatment lowers bile production while increasing bile flow out of the liver. Other pharmacological choices are available depending on the individual circumstances of each patient and the existence of other medical disorders. If liver function continues to deteriorate after medical treatment, a liver transplant may be required.
Primary Biliary Cholangitis Market Dynamics
Drivers
· Increasing prevalence of primary biliary cholangitis
The rising prevalence of primary biliary cholangitis across the globe is estimated to enhance the market's growth. Primary biliary cholangitis (PBC) is an uncommon disease that causes a persistent, progressive liver disorder. It primarily affects women and usually strikes between the ages of 30 and 60. The tiny bile duct in the liver is usually affected by PBC. Primary biliary cholangitis is split into four phases: stage 1 (no scarring) to stage 4 (cirrhosis). A mix of causes, including autoimmune, genetic, and environmental factors, can cause PBC.
· Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of primary biliary cholangitis market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
Furthermore, rising initiatives by public and private organizations to spread awareness will expand the primary biliary cholangitis market. Additionally, the sedentary lifestyle of people such as high alcohol consumption and addiction of smoking will result in the expansion of primary biliary cholangitis market. Rising level of disposable income and surging geriatric population are the major factors anticipated to flourish the market’s growth rate during the forecast period of 2022-2029.
Some of the major players operating in the Primary Biliary Cholangitis market are:
· F. Hoffmann-La Roche Ltd. (Switzerland)
· Mylan N.V. (U.S.)
· Teva Pharmaceutical Industries Ltd. (Ireland)
· Sanofi (France)
· Pfizer Inc. (U.S.)
· GlaxoSmithKline plc (U.K.)
· Novartis AG (Switzerland)
· Merck & Co., Inc. (U.S.)
· Allergan (Ireland)
· AstraZeneca (U.K.)
· Johnson & Johnson Private Limited (U.S.)
· Hikma Pharmaceuticals PLC (U.K.)
· Bristol-Myers Squibb Company (U.S.)
· Bayer AG (Germany)
· Boehringer Ingelheim International GmbH. (Germany)
· Dr. Reddy’s Laboratories Ltd. (India)
· Gilead Sciences, Inc. (U.S.)
· Amgen Inc. (U.S.)
· Eli Lilly and Company (U.S.)
· AbbVie Inc. (U.S.)
· Lupin (India)
· Allergan (Ireland)
Global Primary Biliary Cholangitis Market Scope
The primary biliary cholangitis market is segmented on the basis of treatment type, diagnosis, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Treatment Type
· Liver Transplantation
· Drug Therapy
· Ursodeoxycholic acid (UDCA)
· Obeticholic acid
· Fibrates
· Budesonide
· Others
Diagnosis
· Imaging Tests
· Magnetic resonance elastography (MRE)
· Magnetic resonance cholangiopancreatography (MRCP)
· Ultrasound
· FibroScan
· Blood Tests
· Cholesterol test
· Antibody tests
· Liver tests
· Others
Route of Administration
· Oral
· Parenteral
· Others
End-Users
· Hospitals
· Specialty Clinics
· Homecare
· Others
Distribution Channel
· Hospital Pharmacy
· Retail Pharmacy
· Online Pharmacy
· Others
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The research examines the characteristics of the target market, as well as recent developments and patterns, industry opportunities, growth rates, sector expansion strategies, and emerging technologies. The Primary Biliary Cholangitis market research report offered a very useful resource that can help stakeholders, manufacturers, decision-makers, and market participants to become familiar with all the factors impacting the growth of the global market. The report includes SWOT, and market analyses to provide a deep and clear understanding of aspects of the Primary Biliary Cholangitis market.
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