North America Primary Biliary Cirrhosis Market is Expected to Dominate Largest Revenue Share over the Forecast Period 2022-2030
The latest market analysis report published by Reports and Data, titled ‘Global Primary Biliary Cirrhosis Market – Forecast to 2030,’ thoroughly examines the Primary Biliary Cirrhosis industry to provide essential data & information for the targeted readers. The report consists of quantitative and qualitative research on the market performed by our market experts. The Primary Biliary Cirrhosis industry report emphasizes the current and upcoming market revenue growth opportunities and trends. Moreover, the report offers key information on the industry statistics, as well as a wide range of dynamic factors including drivers, restraints, risks, challenges, threats, supply & demand ratios, production & manufacturing capacities, sales & distribution networks, cost & demand volatility, import/export ratios, profit margins, and macro-economic and micro-economic factors. The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview. Our market experts have determined the current financial positions of the leading industry players in the report leveraging advanced analytical tools such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.
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The global Primary Biliary Cirrhosis market has significantly grown over the recent past and is expected to register rapid growth over the forecast period of 2021 to 2030. The pharma and healthcare sector is rapidly evolving with innovations in technology, increasing healthcare spending and improving healthcare facilities and systems. Many hospitals, ambulatory surgical care centers and clinics across the globe are adopting advanced devices and equipment. Revenue growth of the global Primary Biliary Cirrhosis market is significantly driven by factors such as increasing prevalence of chronic diseases, rapid advancements in healthcare and medical sector, high adoption of latest tools and techniques and growing funds by several public and private sectors. In addition, rising focus on drug development, increasing demand for precision medicine, high adoption of home care settings and point-of-care diagnostics, increasing investments in research and development activities are expected to drive global market revenue growth during the forecast period.
The ongoing pandemic is significantly changing the dynamics of the pharma and healthcare sector. Various countries are facing challenges such as shortage of medicines, vaccines, healthcare devices in hospitals. This is expected to open lucrative growth opportunities for market players in the coming years.
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Largest Market Share:
North America dominated the market in 2021 and is expected to account for largest revenue share over the forecast period. Primary biliary cirrhosis is affecting most parts of North America where it is expected to be driven by a surge in prevalence of the diseases.
Primary biliary cirrhosis prevalence steadily climbed from 5.0 (1987) to 34.6 (2014) per 100,000 people.
The North America market is expected to be strengthened by a surge in liver cancer and increase in geriatric population, growing R&D expenditure from key players, stronger healthcare infrastructure, and increased government backing to support growing economies.
Fastest Growing Region:
Asia Pacific is expected to grow significantly over the forecast period as a result of increase in prevalence of disease in the region and surge in geriatric population.
In the Asia Pacific region, prevalence of primary biliary cirrhosis is 118.75 cases per million, with Japan and China with the highest prevalence (191.18 cases per million), New Zealand with the medium prevalence (99.16 cases per million), and South Korea and Australia with the lowest prevalence (39.09 cases per million), respectively.
Economy of this region will benefit from the expansion of the healthcare business, rise in public demand to safe and effective treatments, and investments made by major companies in the R&D sector.
The global market comprises various market players operating at regional and global levels. These key players are adopting various strategies such as R&D investments, license agreements, partnerships, merger and acquisitions, collaborations, and joint ventures to gain robust footing in the market.
Top Companies Profiled in the Report:
- Intercept Pharmaceuticals, Inc.
- Teva Pharmaceutical Industries Ltd.
- Novartis AG
- Lumena Pharmaceuticals, Inc.
- TARGET PharmaSolutions, Inc.
- Calliditas Therapeutics AB
- GlaxoSmithKline plc (GSK)
- Bristol-Myers Squibb
- NGM Biopharmaceuticals
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Primary Biliary Cirrhosis Market Segmentation:
Disease Type Outlook
Treatment Type Outlook:
- Ursodeoxycholic Acid (UDCA)
- Obeticholic Acid (Ocaliva)
Route of Administration Outlook:
Distribution Channel Outlook:
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., Italy, France, BENELUX, Rest of Europe)
- Asia Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
- Latin America (Brazil, Rest of LATAM)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)
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This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the market’s future growth.
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