The global Primary Sclerosing Cholangitis (PSC) Market is expected to be worth US$ 151.07 million in 2023. Because of rising alcohol consumption, the overall demand for Primary Sclerosing Cholangitis (PSC) is expected to grow at a CAGR of 7.6% between 2023 and 2033, totaling around US$ 314.26 Million by 2033.
The Primary Sclerosing Cholangitis (PSC) market is expected to grow during the analysis period, owing to factors such as an increase in the incidence of liver diseases and an increase in alcohol consumption, according to Future Market Insights. The global incidence of liver disease in 2016 was 3.9 million, according to the Centers for Disease Control and Prevention. According to the World Health Organization (WHO), alcohol consumption is increasing the prevalence of liver cirrhosis in European countries. Furthermore, rising awareness campaigns and increased R&D investment for the development of new drug molecules are expected to drive the primary sclerosing cholangitis market during the forecast period.
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The rising prevalence of disorders associated with PSC, such as liver cancer and inflammatory bowel disease, is another factor that is expected to fuel therapeutic acceptance of effective pharmaceuticals to treat the condition, accelerating market growth. According to the World Journal of Gastroenterology, inflammatory bowel disease (IBD) is found in 50-80% of PSC patients, with ulcerative colitis (UC) accounting for 80-90 percent of these cases.
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Primary Sclerosing Cholangitis (PSC) Market: Segmentation
Valuable information covered in the FMI’s Primary Sclerosing Cholangitis (PSC) market report has been segregated into key segments and sub-segments.
Primary Sclerosing Cholangitis (PSC) Market by Drug:
- BTT1023
- GS-9674
- NGM282
- OCA
- Cenicriviroc
- LUM001
- DUR928
- norUDCA
- HTD1801
- IDN-7314
- STP705
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Primary Sclerosing Cholangitis (PSC) Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Primary Sclerosing Cholangitis (PSC) market. Competitive information detailed in the Primary Sclerosing Cholangitis (PSC) market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Primary Sclerosing Cholangitis (PSC) market report.
Key players covered in the report include:
- Acorda Therapeutics, Inc.
- Gilead Sciences, Inc.
- NGM Biopharmaceuticals, Inc.
- Intercept Pharmaceuticals, Inc.
- Dr. Falk Pharma GmbH
- Allergan Plc.
- Shire Plc.
- Durect Corporation
- Conatus Pharmaceuticals, Inc.
- Sirnaomics, Inc.
- Shenzhen HighTide Biopharmaceutical Ltd
Important Questions Answered in the Primary Sclerosing Cholangitis (PSC) Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Primary Sclerosing Cholangitis (PSC) market been expanding during the forecast period?
- How will the global Primary Sclerosing Cholangitis (PSC) market look like by the end of the forecast period?
- What innovative strategies are adopted by Primary Sclerosing Cholangitis (PSC) market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Primary Sclerosing Cholangitis (PSC) market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Primary Sclerosing Cholangitis (PSC) market
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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