The global Primary Sclerosing Cholangitis (PSC) market is expected to reach US 314.26 million by 2033, growing at a compound annual growth rate (CAGR) of 7.6% from 2023 to 2033. This significant growth is attributed to the rising prevalence of liver diseases and the increasing trend of alcohol consumption across the globe.
The current market size of PSC is estimated at US$ 151.07 million in 2023. The growing awareness of PSC, coupled with advancements in diagnostic tools and treatment options, is anticipated to drive the market forward in the coming years.
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Key factors propelling the PSC market growth:
- Rising incidence of liver diseases: PSC is an autoimmune disease that affects the bile ducts in the liver. The increasing prevalence of liver diseases, such as non-alcoholic fatty liver disease (NAFLD) and hepatitis C, is expected to fuel the demand for PSC diagnosis and treatment.
- Growing alcohol consumption: Excessive alcohol consumption is a known risk factor for developing PSC. The rising trend of alcohol consumption, particularly in developing countries, is projected to contribute to the market growth.
- Technological advancements: Advancements in diagnostic techniques, such as magnetic resonance cholangiopancreatography (MRCP) and endoscopic retrograde cholangiopancreatography (ERCP), are enabling earlier and more accurate diagnosis of PSC. Additionally, the development of new and effective treatment options, such as ursodeoxycholic acid (UDCA) and fibroblast growth factor (FGF) inhibitors, is expected to improve patient outcomes and drive market expansion.
Key Takeaways:
The PSC market is expected to grow significantly over the next decade, driven by factors such as the increasing prevalence of PSC, rising awareness of the disease, and growing R&D investment.
The ursodiol drug type segment is expected to account for the largest share of the PSC market during the forecast period. This is due to the fact that ursodiol is the only FDA-approved drug for the treatment of PSC.
The off-label drugs segment is expected to account for the largest share of the PSC market based on treatment type during the forecast period. This is due to the fact that there are a number of off-label drugs that are used to treat PSC, such as budesonide and obeticholic acid.
North America is expected to account for the largest share of the PSC market based on region during the forecast period. This is due to the high prevalence of PSC in North America and the availability of advanced treatment options.
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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
Key Segments Covered in the Primary Sclerosing Cholangitis (PSC) Industry Analysis:
Primary Sclerosing Cholangitis (PSC) Market by Drug:
- BTT1023
- GS-9674
- NGM282
- OCA
- Cenicriviroc
- LUM001
- DUR928
- norUDCA
- HTD1801
- IDN-7314
- STP705
Primary Sclerosing Cholangitis (PSC) Market by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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