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Download Free sampleThe global Ulcerative Colitis market was valued at 475.88 Million USD in 2021 and will grow with a CAGR of 5.81% from 2021 to 2027, based on Research newly published report.
The prime objective of Ulcerative Colitis Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Ulcerative Colitis Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).
Ulcerative Colitis (UC) is a chronic, debilitating disease that affects large intestine or colon. The cause of ulcerative colitis is unknown however, researchers believe that it is an exaggerated immune response to a microbial trigger. UC is characterized by inflammation in the colon, and its symptoms include blood in the stool, diarrhea, and abdominal pain. The factors that drive the growth of global ulcerative colitis market are growing prevalence of ulcerative colitis disease that affects millions of people globally. In addition, huge R&D and investment done by key players towards development of novel therapies for UC treatment and rise in government and non-government organizations towards research in biologics further fuels the market growth. However, patent expiry of drugs and stringent government regulations towards approval of biosimilars restrain the market growth. Unmet needs in the treatment of UC provide lucrative growth opportunities for the growth of the market. The Americas accounted for approximately 50% of the market share during 2017 and is expected to grow at a CAGR of around 5% during the forecast period. The increased uptake of biologics, growing number of ulcerative colitis patients, and the associated health issues are the primary drivers for market growth in this region.
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