The
global ulcerative colitis (UC) market value will increase steadily over the
coming years, growing from almost $4.2 billion in 2012 to approximately $6.6
billion by 2022, at a Compound Annual Growth Rate (CAGR) of 4.7%, according to
a new report from research and consulting firm by Publisher.
The
company’s latest report* states that out of the 10 major countries (the US,
Canada, France, Germany, Italy, Spain, the UK, Japan, China and India), the US
will continue to hold the largest UC market share by 2020, with 52%. France and
Germany will follow with shares of 11% and 8%, respectively.
Johnson
& Johnson (J&J) has been continually dominating the UC market due to
the success of Remicade. However, Remicade’s patent is set to expire between
2015 and 2018, which will knock J&J’s sales down from approximately $2
billion in 2012 to $1.5 billion by 2022, according to Publisher.
Another
key player in the UC industry, AbbVie’s Humira, will also lose its patent
during the forecast period, with sales slipping from $1.2 billion in 2012 to
$569 million by 2022.
However,
the UC market will receive a major boost with the entry of J&J’s Simponi
and Takeda’s Entyvio, with sales expected to reach an estimated $576 million
and $1.3 billion by 2022, respectively.
According
to Senior Analyst covering Immunology, “Simponi shows better efficacy in UC
than Humira and will therefore allow J&J to retain its positive standing in
the UC industry for a longer period of time. On the other hand, Entyvio will
have a slow start before gradually reaching blockbuster status, as a result of
its remarkably safe profile for a biologic drug.”
Still,
a number of barriers will limit any further growth in the UC market, including
the lack of curative therapy, diagnostic markers for disease severity, and
biologic treatment personalization.
Vavatsikou
concludes: “There is also a major need for preventive medicine that lowers the
associated risk of colorectal cancer, as well as demand for steroid
replacement, oral formulations and the management of infectious adverse
events.”
PharmaPoint: Ulcerative Colitis - Global
Drug Forecast and Market Analysis to 2022 report provides an
overview of ulcerative colitis (UC), including epidemiology, etiology,
pathophysiology, symptoms, diagnosis, and current treatment options. It shows
annualized UC therapeutics market revenue, annual cost of therapy and treatment
usage pattern data from 2012 to 2022.
This
report was built using data and information sourced from proprietary databases,
primary and secondary research, and in-house analysis conducted by Publisher’s
team of industry experts.
Know
more about this report at: http://mrr.cm/ZSj
Find other Healthcare Reports
at : http://www.marketresearchreports.com/healthcare
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