Global Obeticholic Acid Drug Market Insights, Forecast to 2034
Published on: 2024-01-04 | No of Pages : 400 | Industry : Pharma & Healthcare
Publisher : MRA | Format : PDF
Global Obeticholic Acid Drug Market Insights, Forecast to 2034
Obeticholic acid is a semi-synthetic bile acid analogue which has the chemical structure 6α-ethyl-chenodeoxycholic acid.
Global Obeticholic Acid Drug market is expected to reach to US$ 278.1 million in 2024, with a positive growth of %, compared with US$ 309 million in 2022 which suffered dual impact of COVID-19 and Russia-Ukraine War in the year. Backed with the increasing demand from downstream industries, Obeticholic Acid Drug industry is evaluated to reach US$ 240.4 million in 2029. The CAGR will be -2.4% during 2024 to 2029.
The Ocaliva market is primarily driven by the urgent need for effective treatments for primary biliary cholangitis (PBC), a chronic liver disease that affects the bile ducts. Ocaliva, also known as obeticholic acid, is a medication used to manage PBC and improve liver function. The increasing prevalence of PBC, coupled with advancements in hepatology research and the focus on liver health, contributes to market growth. Moreover, the demonstrated benefits of Ocaliva in reducing serum alkaline phosphatase levels and delaying disease progression further propel adoption. However, challenges include managing potential side effects, optimizing dosing for individual patients, and addressing potential drug interactions. Navigating patient-specific treatment needs, ensuring long-term safety, and providing comprehensive monitoring are ongoing concerns. The market's success relies on continuous research in liver diseases, collaborations between pharmaceutical manufacturers and hepatologists, and comprehensive patient education on the benefits and potential risks of Ocaliva treatment while addressing the evolving challenges associated with liver disease management and treatment accessibility.
Report Covers
This report presents an overview of global Obeticholic Acid Drug market from 2018 to 2029, aiming to help readers to get a comprehensive understanding of global Obeticholic Acid Drug market with multiple angles. Items like regional sales, revenue from 2018 to 2029 and manufacturers’ sales, price, revenue and gross margin from 2018 to 2024 are analyzed. In addition, sales and revenue of product type and application in each region from 2018 to 2029 are also highlighted.
Manufacturers, Type, Application and Regions Listed in the Report
Intercept Pharmaceuticals
Dainippon Sumitomo Pharma
Segment by Type
5mg
10mg
Primary Biliary Cirrhosis
Nonalcoholic Fatty Liver Disease
Other
US & Canada
U.S.
Canada
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter 1Product definition, type and application introduction
Chapter 2Regional revenue and sales volume analysis from 2018 to 2029
Chapter 3Manufacturers’ sales, revenue and price analysis, including manufacturers’ Obeticholic Acid Drug plant distribution, commercial date of Obeticholic Acid Drug, product type offered, Mergers & Acquisitions and expansion activities.
Chapter 4Product sales, revenue and price analysis by type from 2018 to 2029 globally
Chapter 5Product sales, revenue and price analysis by application from 2018 to 2029 globally
Chapter 6Product sales, revenue analysis by type and application from 2018 to 2029 in US & Canada. Product sales and revenue analysis of each country in US & Canada from 2018 to 2029
Chapter 7Product sales, revenue analysis by type and application from 2018 to 2029 in Europe. Product sales and revenue analysis of each country in Europe from 2018 to 2029
Chapter 8Product sales, revenue analysis by type and application from 2018 to 2029 in China. Product sales and revenue analysis of China from 2018 to 2029
Chapter 9Product sales, revenue analysis by type and application from 2018 to 2029 in Asia (excluding China). Product sales and revenue analysis of each country in Asia (excluding China) from 2018 to 2029
Chapter 10Product sales, revenue analysis by type and application from 2018 to 2029 in Middle East, Africa and Latin America. Product sales and revenue analysis of each country in Middle East, Africa and Latin America from 2018 to 2029.
Chapter 11Manufacturers’ outline, covering company’s basic information, major business, Obeticholic Acid Drug introduction, etc. Obeticholic Acid Drug Sales, Revenue, Price and Gross Margin of each company from 2018 to 2024
Chapter 12Industry chain analysis, like raw materials, manufacturing cost. Market channel, distributors and customers analysis
Chapter 13Market opportunities and challenges analysis
Chapter 14Mr Accuracy reports Conclusions of Obeticholic Acid Drug
Chapter 15Methodology and Data Sources adopted by Mr Accuracy reports
Global Obeticholic Acid Drug market is expected to reach to US$ 278.1 million in 2024, with a positive growth of %, compared with US$ 309 million in 2022 which suffered dual impact of COVID-19 and Russia-Ukraine War in the year. Backed with the increasing demand from downstream industries, Obeticholic Acid Drug industry is evaluated to reach US$ 240.4 million in 2029. The CAGR will be -2.4% during 2024 to 2029.
The Ocaliva market is primarily driven by the urgent need for effective treatments for primary biliary cholangitis (PBC), a chronic liver disease that affects the bile ducts. Ocaliva, also known as obeticholic acid, is a medication used to manage PBC and improve liver function. The increasing prevalence of PBC, coupled with advancements in hepatology research and the focus on liver health, contributes to market growth. Moreover, the demonstrated benefits of Ocaliva in reducing serum alkaline phosphatase levels and delaying disease progression further propel adoption. However, challenges include managing potential side effects, optimizing dosing for individual patients, and addressing potential drug interactions. Navigating patient-specific treatment needs, ensuring long-term safety, and providing comprehensive monitoring are ongoing concerns. The market's success relies on continuous research in liver diseases, collaborations between pharmaceutical manufacturers and hepatologists, and comprehensive patient education on the benefits and potential risks of Ocaliva treatment while addressing the evolving challenges associated with liver disease management and treatment accessibility.
Report Covers
This report presents an overview of global Obeticholic Acid Drug market from 2018 to 2029, aiming to help readers to get a comprehensive understanding of global Obeticholic Acid Drug market with multiple angles. Items like regional sales, revenue from 2018 to 2029 and manufacturers’ sales, price, revenue and gross margin from 2018 to 2024 are analyzed. In addition, sales and revenue of product type and application in each region from 2018 to 2029 are also highlighted.
Manufacturers, Type, Application and Regions Listed in the Report
By Company
Intercept Pharmaceuticals
Dainippon Sumitomo Pharma
Segment by Type
5mg
10mg
Segment by Application
Primary Biliary Cirrhosis
Nonalcoholic Fatty Liver Disease
Other
Segment by Region
US & Canada
U.S.
Canada
China
Asia (excluding China)
Japan
South Korea
China Taiwan
Southeast Asia
India
Europe
Germany
France
U.K.
Italy
Russia
Latin America, Middle East & Africa
Brazil
Mexico
Turkey
Israel
GCC Countries
Chapter Outline
Chapter 1Product definition, type and application introduction
Chapter 2Regional revenue and sales volume analysis from 2018 to 2029
Chapter 3Manufacturers’ sales, revenue and price analysis, including manufacturers’ Obeticholic Acid Drug plant distribution, commercial date of Obeticholic Acid Drug, product type offered, Mergers & Acquisitions and expansion activities.
Chapter 4Product sales, revenue and price analysis by type from 2018 to 2029 globally
Chapter 5Product sales, revenue and price analysis by application from 2018 to 2029 globally
Chapter 6Product sales, revenue analysis by type and application from 2018 to 2029 in US & Canada. Product sales and revenue analysis of each country in US & Canada from 2018 to 2029
Chapter 7Product sales, revenue analysis by type and application from 2018 to 2029 in Europe. Product sales and revenue analysis of each country in Europe from 2018 to 2029
Chapter 8Product sales, revenue analysis by type and application from 2018 to 2029 in China. Product sales and revenue analysis of China from 2018 to 2029
Chapter 9Product sales, revenue analysis by type and application from 2018 to 2029 in Asia (excluding China). Product sales and revenue analysis of each country in Asia (excluding China) from 2018 to 2029
Chapter 10Product sales, revenue analysis by type and application from 2018 to 2029 in Middle East, Africa and Latin America. Product sales and revenue analysis of each country in Middle East, Africa and Latin America from 2018 to 2029.
Chapter 11Manufacturers’ outline, covering company’s basic information, major business, Obeticholic Acid Drug introduction, etc. Obeticholic Acid Drug Sales, Revenue, Price and Gross Margin of each company from 2018 to 2024
Chapter 12Industry chain analysis, like raw materials, manufacturing cost. Market channel, distributors and customers analysis
Chapter 13Market opportunities and challenges analysis
Chapter 14Mr Accuracy reports Conclusions of Obeticholic Acid Drug
Chapter 15Methodology and Data Sources adopted by Mr Accuracy reports
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