Ulcerative Colitis Market Size (2024 - 2029)

Ulcerative Colitis Market Analysis

The ulcerative colitis market size is expected to grow from USD 7.49 billion in 2023 to USD 9.00 billion by 2028, registering a CAGR of 3.75% during the forecast period.

COVID-19 severely impacted various treatment markets, including the ulcerative colitis market, due to an increased preference for COVID-19 treatment, supply chain alterations, and increased research studies on COVID-19 products compared with other treatment products. However, due to the decreased COVID-19 effect on the public, the market players focused on various disease treatments, including ulcerative colitis treatment products. For instance, as per AbbVie Inc's 2022 annual report, the net revenue of Rinvoq (upadacitinib) increased 58% in 2022, which was favorably impacted by recent regulatory approvals and expansion of Rinvoq for the treatment of ulcerative colitis and other treatments. This shows the new approval of ulcerative colitis treatments after the COVID-19 pandemic, which is expected to significantly impact the market over the coming years.

Factors such as the growing burden of ulcerative colitis, increasing patient assistance programs, technological advancements, and research drive the market's growth.

The demand for market products is anticipated to rise due to the growing advances in treating ulcerative colitis. For instance, as per the study report published by Frontiers in Pharmacology in September 2022, the research studies on fecal microbiota transplantation, anti-integrin antibodies, Janus kinase inhibitors, and anti-tumor necrosis factor drugs for ulcerative colitis continued to grow over the coming years which likely increased the demand for more advanced treatment products and drives the market growth over the forecast period.

In addition, the increasing involvement of key players in product development related to the field is anticipated to drive the market's growth. For instance, in May 2023, Janssen Global Services, LLC released new safety and efficacy data from a Phase III trial investigating Tremyfa (guselkumab) in adults with moderately to severely active ulcerative colitis (UC). This large focus of market players on developing new drugs for treatment is expected to boost the market's growth in the future. Additionally, the approval of the drugs is also propelling the market's growth. For instance, in November 2021, Bristol Myers Squibb received marketing authorization from the European Commission for Zeposia (ozanimod) for the treatment of adults with moderately to severely active ulcerative colitis (UC) who have had an inadequate response, lost response, or are intolerant to either conventional therapy or a biologic agent. Thus, the factors above are expected to boost the market's growth over the forecast period.

However, factors such as high levels of unmet clinical need in ulcerative colitis (UC) and the side effects of medications are expected to impede market growth over the forecast period.

Ulcerative Colitis Industry Segmentation

As per the report's scope, ulcerative colitis is an inflammatory disease of the bowel that causes ulcers in the digestive tract. It affects the innermost lining of the large intestine (colon) and rectum. Symptoms usually develop over time rather than suddenly. The Ulcerative Colitis Market is Segmented by Drug Type (Anti-Inflammatory Drugs (Aminosalicylates, and Corticosteroids), Anti-TNF biologics, Immunosuppressants, Calcineurin Inhibitors, and Other Drug Types), Disease Type (Ulcerative Proctitis, Proctosigmoiditis, Left-sided Colitis, Pancolitis or Universal Colitis, and Fulminant Colitis) and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers the value (in USD) for the above segments.