Global Ursodeoxycholic Acid Market, by Dosage Form (Solid Dosage Form and Liquid Dosage Form), by Mode of Extraction (Synthetic and Biological), by Application (Gallstones, Cystic Fibrosis, Liver Cirrhosis, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa), was valued at US$ 457.3 million in 2017 and is projected to exhibit a CAGR of 10.1% over the forecast period (2018 – 2026).
Development of liquid ursodeoxycholic acid can offer growth opportunities to market players, since UDCA is currently prescribed only in solid form. Introducing a liquid formulation of ursodeoxycholic acid would provide healthcare professionals an alternate dosing method for patients who have difficulty swallowing tablets or capsules. Major players in the market are focusing on receiving patents for liquid formulation of UDCA. For instance, in June 2016, Retrophin, Inc. signed a definitive agreement to purchase rights, titles, and ownership of a liquid formulation of ursodeoxycholic acid from Asklepion Pharmaceuticals, LLC. Furthermore, in 2017, Retrophin announced plans to file a new drug application (NDA) with the U.S. Food and Drug Administration for the liquid formulation of ursodeoxycholic acid, to be used for treating primary biliary cholangitis (PBC).
Browse 32 Market Data Tables and 22 Figures spread through 160 Pages and in-depth TOC on ‘Ursodeoxycholic Acid Market’- Global Forecast to 2026, by Dosage Form (Solid Dosage Form and Liquid Dosage Form), by Mode of Extraction (Synthetic and Biological), by Application (Gallstones, Cystic Fibrosis, Liver Cirrhosis and Others) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
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The Asia Pacific region is expected to be dominant in the ursodeoxycholic acid market over the forecast period, due to reasons such as high prevalence of diseases such as gallstones and liver cirrhosis. For instance, according to the data published by the OMICS International, in India, liver cirrhosis resulted in 1.2 million deaths in 2013, increasing from 0.8 million deaths in 1990. Furthermore, key players in the region are focusing on gaining approval for development of ursodeoxycholic acid for novel indication. For instance, In February, 2019, EA Pharma is developing nor-ursodeoxycholic acid for treatment of primary sclerosing cholangitis (PSC), and non-alcoholic steatohepatitis (NASH) in Japan.
Key Takeaways of the Ursodeoxycholic Acid Market: