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Ursodeoxycholic Acid Market Size
- Report ID: GMI6838
- Published Date: Oct 2023
- Report Format: PDF
Ursodeoxycholic Acid Market Size
Ursodeoxycholic Acid Market size was accounted for USD 581.7 million in 2022 and is likely to reach USD 1.4 billion by 2032 with CAGR of 10.1%. The growth in demand for ursodeoxycholic acid (UDCA) can be attributed to several factors, including the increasing prevalence of liver diseases such as primary biliary cholangitis and gallstones and the growing volume of research focused on UDCA.
UDCA has a well-established history of usage and is known for its ability to enhance liver function, reduce inflammation, and decelerate the progression of various liver diseases. Moreover, UDCA is readily available in various forms, including both branded and generic versions, and is offered in a wide range of strengths. This accessibility benefits both patients and healthcare providers ensuring a broader reach and ease of use, thereby promoting high market progress.
Ursodeoxycholic acid is an active pharmaceutical ingredient (API) that is isolated or synthesized and used as the primary therapeutic component in various pharmaceutical formulations. It is employed for its hepatoprotective (liver-protective) properties and its ability to dissolve cholesterol gallstones. UDCA is commonly used in medications for treating liver and gallbladder disorders, such as primary biliary cholangitis (PBC), primary sclerosing cholangitis (PSC), and certain cases of gallstone disease.
| Report Attribute | Details |
|---|---|
| Base Year: | 2022 |
| Ursodeoxycholic Acid Market Size in 2022: | USD 581.7 Million |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 10.1% |
| 2032 Value Projection: | USD 1.4 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 172 |
| Tables, Charts & Figures: | 294 |
| Segments covered: | Type, Application, Mode, Use, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Ursodeoxycholic Acid Market Scope
