United Kingdom Ulcerative Colitis Market is Segmented By Drug Type (Anti-Inflammatory Drugs, Anti-TN....
The United Kingdom ulcerative colitis market size was valued at US$ 421.3 Mn in 2023 and is expected to reach US$ 548.1 Mn by 2031, grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
The ulcerative colitis market in the United Kingdom has been growing significantly over the past decade. Ulcerative colitis is a type of inflammatory bowel disease that causes long-lasting inflammation and ulcers in the colon and rectum. Some of the key factors driving the growth of the UC market in the UK include the rising incidence of inflammatory bowel diseases, growing geriatric population susceptible to such diseases, new drug approvals and launches, and increasing awareness about the disease and its treatment. However, factors such as high treatment costs and lack of disease-modifying therapies continue to restrain the market growth. Overall, the U.K. ulcerative colitis market is expected to offer lucrative opportunities with ongoing R&D and pipeline drugs.
United Kingdom Ulcerative Colitis Market Drivers:
United Kingdom Ulcerative Colitis Market Opportunities:
United Kingdom Ulcerative Colitis Market Restraints:
Market Size in USD Mn
CAGR3.4%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 3.4% |
Larget Market | United Kingdom |
Market Concentration | High |
Major Players | AbbVie Inc. (Allergan, Inc.), Merck & Co., Inc., Novartis AG, Bausch Health Companies Inc., Johnson & Johnson and Among Others |
Figure 1. United Kingdom Ulcerative Colitis Market Value (US$ Mn), By Region, 2023
The major players operating in the United Kingdom ulcerative colitis market include AbbVie Inc. (Allergan, Inc.), Merck & Co., Inc., Novartis AG, Bausch Health Companies Inc., Johnson & Johnson, Abbott, COSMO PHARMACEUTICALS, F. Hoffmann-La Roche Ltd, & Pfizer Inc., etc.
United Kingdom Ulcerative Colitis Market
New product approvals:
Acquisition and partnerships:
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Vipul Patil is a dynamic management consultant with 6 years of dedicated experience in the pharmaceutical industry. Known for his analytical acumen and strategic insight, Vipul has successfully partnered with pharmaceutical companies to enhance operational efficiency, cross broader expansion, and navigate the complexities of distribution in markets with high revenue potential.
What are the key factors hampering the growth of the United Kingdom ulcerative colitis market?
Risk of side effects associated with long term medication use is the major factor hampering the growth of the United Kingdom ulcerative colitis market.
What are the major factors driving the United Kingdom ulcerative colitis market growth?
Increasing prevalence of ulcerative colitis and growing research and development activities are the major factors driving the United Kingdom ulcerative colitis market growth.
Which is the leading drug type segment in the United Kingdom ulcerative colitis market?
The leading drug type segment is anti-inflammatory drugs.
Which are the major players operating in the United Kingdom ulcerative colitis market?
AbbVie Inc. (Allergan, Inc.), Merck & Co., Inc., Novartis AG, Bausch Health Companies Inc., Johnson & Johnson, Abbott, COSMO PHARMACEUTICALS, F. Hoffmann-La Roche Ltd, and Pfizer Inc. are the major players operating in the market.
What will be the CAGR of the United Kingdom ulcerative colitis market?
The CAGR of the United Kingdom ulcerative colitis market is projected to be 3.4% from 2024-2031.