According to a new report by Expert Market Research titled, “Global Primary Biliary Cholangitis Therapeutics Market Share, Size, Report and Forecast 2024-2032″, the global primary biliary cholangitis therapeutics market is projected to grow at a CAGR of 10.5% between 2024 and 2032. Aided by the increasing awareness campaigns aimed at reducing complications in primary indication of cholangitis and rising adoption of advanced treatments, the market is expected to grow significantly by 2032.
Primary biliary cholangitis (PBC), historically known as primary biliary cirrhosis, is an autoimmune condition where the bile ducts in the liver become inflamed, potentially leading to liver damage over time. The therapeutic solutions for PBC are centred around slowing down the progression of the disease, alleviating symptoms, and preventing complications, thereby enriching the patient’s quality of life.
Rising adoption of advanced treatments is becoming a popular trend and is thus fuelling the primary biliary cholangitis therapeutics market size globally. As medical science progresses, there has been an effort towards the development of novel drug therapies and formulations focussed on addressing the multifaceted challenges posed by PBC. These advances are pivotal, considering the escalating number of PBC diagnoses globally.
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The medical community’s efforts to foster awareness about PBC and its repercussions are actively propelling the primary biliary cholangitis therapeutics market growth. As awareness campaigns gain traction, they indirectly stimulate the demand for efficacious treatment regimens, positioning therapeutics as an indispensable tool in the fight against the disease.
The primary biliary cholangitis therapeutics market demand is further bolstered by growing efforts and favourable policies introduced by healthcare institutions and policymakers. With robust healthcare infrastructure and proactive policymaking, there has been a growing emphasis on early detection, timely interventions, and personalised treatment plans, all of which augment the demand for cutting-edge therapeutics.
A comprehensive primary biliary cholangitis therapeutics market analysis highlights the pharmaceutical industry’s pursuit of innovation. Collaborative efforts, across biotech firms, research institutions, and pharmaceutical sectors, are at the forefront of drug discovery and clinical trials. Their collective objective is to introduce breakthrough therapies that can significantly improve the lives of those suffering with PBC.
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Market Segmentation
The market can be divided based on type and region.
Market Breakup by Type
• OCALIVA
• Ursodiol
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global primary biliary cholangitis therapeutics market. Some of the major players explored in the report by Expert Market Research are as follows:
• Intercept Pharmaceuticals, Inc.
• Novartis AG
• Glenmark Pharmaceuticals Ltd.
• Abbott Laboratories
• AbbVie Inc.
• Others
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