The global mesalamine market size was US$ 169.5 million in 2021. The global mesalamine market size is forecast to reach US$ 212.6 million by 2030, registering a compound annual growth rate (CAGR) of 3.8% during the forecast period from 2022 to 2030.
Mesalamine, also known as Mesalazine, is the first-line agent used to treat active UC. It is a prescription drug that includes 5-aminosalicylic acid. It also helps cure other inflammatory bowel disorders.
Factors Influencing the Market
COVID-19 Impact Analysis
The COVID-19 pandemic has positively impacted the global mesalamine market. The demand for pharmaceuticals is forecast to remain the same throughout the COVID-19 pandemic period. Moreover, governments of maximum nations are highly focused on expanding the healthcare expenditure and boosting the healthcare infrastructure. Thus, it will offer ample growth opportunities for market growth. Moreover, companies are highly investing in research and development activities due to the COVID-19 influenced growth. Thus, all of this will contribute to the growth of the global mesalamine market.
Regional Analysis
North America is forecast to hold the largest mesalamine market share due to the growing awareness about the benefits of the drug. In addition, the presence of prominent pharmaceutical firms in the region is forecast to contribute to the market growth. Government funding and incentives are also forecast to surge market growth in the coming years. In addition, the growing prevalence of disease and growing geriatric population will benefit the regional mesalamine market during the study period.
Competitors in the Market
Market Segmentation
The global mesalamine market segmentation focuses on Dosage Form, Application, and Region.
Based on the dosage form, the mesalamine market is segmented into –
Based on application, the mesalamine market is segmented into –
Based on region, the mesalamine market is segmented into –