United Kingdom Ulcerative Colitis Market is Segmented By Drug Type (Anti-Inflammatory Drugs, Anti-TNF biologics, Immuno-suppressants, Calcineurin Inhi....
Market Size in USD
CAGR3.4%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 3.4% |
Largest Market | United Kingdom |
Market Concentration | High |
Major Players | AbbVie Inc. (Allergan, Inc.), Merck & Co., Inc., Novartis AG, Bausch Health Companies Inc., Johnson & Johnson |
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: