The global primary biliary cholangitis therapeutics market size was valued at US$732.5 million in 2023 and is projected to reach US$1358.1 billion by 2032, growing at a CAGR of 7.1% from 2024 to 2032.
Primary biliary cholangitis (PBC), formerly known as primary biliary cirrhosis, is a chronic autoimmune liver disease that primarily affects the small bile ducts within the liver. Prolonged hepatic cholestasis subsequently causes cirrhosis and portal hypertension. The precise cause of PBC remains unidentified; however, it is believed to arise from genetic, environmental, and immune system elements.
Factors Influencing Market Growth
- The market is being driven by increased clinical trials, the availability of advanced healthcare facilities, and significant healthcare investments by government organizations.
- The increasing prevalence of primary biliary cholangitis, especially among middle-aged women, drives the demand for effective treatments that are anticipated to boost the growth of the market.
- The high cost associated with the treatment will obstruct the market's growth rate. The dearth of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the primary biliary cholangitis therapeutics market.
COVID-19 Impact Analysis
The primary biliary cholangitis therapeutic market was adversely impacted by the COVID-19 pandemic. COVID-19 impacted a large number of clinical studies assessing novel treatments or approaches to treating PBC. Clinical studies, patient recruitment constraints, and new product development have all been hampered by the epidemic. Disruptions occurred to individuals with PBC who needed regular monitoring and professional visits. This might cause delays in the diagnosis, start of therapy, or modification of existing counseling.
Regional Analysis
North America accounted for a major share of the primary biliary cholangitis therapeutics market in 2023 and is expected to maintain its dominance during the forecast period. The presence of several major players, such as Cyma Bay Therapeutics, Intercept Pharmaceuticals, Inc., COUR Pharmaceuticals, and others; the rise in several clinical trials; availability of advanced healthcare facilities; and high healthcare expenditure from the government organizations in the region drive the growth of the market. Furthermore, the existence of a sophisticated reimbursement structure that aims to reduce expenditure levels fosters the growth of the market.
Leading Companies
- AMAGEN INDIA LIFE SCIENCES
- Lupin
- Sun Pharmaceutical Industries Ltd
- GENFIT
- Leeford Healthcare Limited
- Intercept Pharmaceuticals, Inc
- ABC Farmaceutici S.p.a
- Zydus Lifesciences Limited
- Alkem Laboratories Ltd
- Ipsen Pharma
- Other Prominent Players
Segmentation Outline
The primary biliary cholangitis therapeutics market is segmented based on drug type, distribution channel, and region.
Segmentation Based on Drug Type
- Primary Drug
o Type
? Obeticholic Acid
? Ursodeoxycholic Acid
? Others
- Secondary Drug
Segmentation Based on Distribution Channel
- Hospital Pharmacies
- Drugs Stores and Retail Pharmacies
- Online Pharmacies
Segmentation based on region
- North America?
o The U.S.
o Canada
- Europe?
o UK
o Germany
o France
o Italy
o Spain
o Netherlands
o Rest of Europe
- Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Singapore
o Rest Of Asia-Pacific
- LAMEA?
o Latin America
o Middle East
o Africa