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Key Takeaways:
- The UK Ulcerative Colitis market is expected to grow at a CAGR of 3.4% from 2024 to 2031, reaching US$ 548.1 Million by 2031.
- The rise in the adoption of biologics and increasing research & development activities are key factors driving market growth.
- The proctosigmoiditis segment, based on drug type, is expected to dominate due to its localized impact and lower complication risk.
- The United Kingdom is anticipated to lead the market due to its established healthcare infrastructure and high diagnosis rates.
- Key players like AbbVie, Merck & Co., and Novartis are expanding their portfolios through mergers and acquisitions.
United Kingdom Ulcerative Colitis Market Overview
A recent report by CoherentMI projects significant growth in the United Kingdom’s Ulcerative Colitis market. The market, valued at US$ 421.3 million in 2023, is expected to reach US$ 548.1 million by 2031, exhibiting a Compound Annual Growth Rate (CAGR) of 3.4% during the forecast period (2024-2031). This growth is primarily driven by the increasing prevalence of ulcerative colitis within the UK population and a growing awareness of the disease among the public. The rising number of patients requiring diagnostic procedures and treatment medications is fueling the market’s expansion.
Market Dynamics
The rise in disease prevalence and growing public awareness are significant factors boosting the market. Data from the Health Survey for England 2018 indicates that approximately 246,000 individuals in England have ulcerative colitis. Lifestyle changes, dietary habits, and genetic predispositions are considered contributing factors to the increasing prevalence. Government support and initiatives aimed at raising awareness about inflammatory bowel diseases are also supporting the market’s growth. However, the high cost of treatment remains a substantial obstacle.
Market Trends and Growth Drivers
The adoption of biologics is revolutionizing the treatment landscape for ulcerative colitis. These drugs target specific pro-inflammatory pathways, demonstrating high efficacy and favorable safety profiles. Popular biologics used in the treatment of ulcerative colitis include Humira, Stelara, and Entyvio. In 2023, the biologics segment accounted for over 45% of the market share and is projected to experience significant growth during the forecast period. Simultaneously, the increase in online pharmacy sales, accelerated by the COVID-19 pandemic, provides further market impetus. Online platforms offer convenience, safety, and competitive pricing, leading key players to strengthen their digital presence.
Segmentation Analysis
The market is segmented by drug type, disease type, dosage form, and distribution channel. Anti-inflammatory drugs held the largest market share (30.7%) in 2023 due to their ability to reduce inflammation. Commonly prescribed anti-inflammatory drugs include mesalazine, sulfasalazine, and corticosteroids like prednisone. The anti-TNF biologics segment is anticipated to witness significant growth, driven by a rising preference for biologics over traditional therapies in moderate to severe UC cases. These biologics inhibit factors like tumor necrosis factor alpha (TNF-α), which cause inflammation and tissue damage.
Recent Developments
Recent regulatory approvals and market entries highlight the evolving landscape. In February 2024, Everest Medicines and Pfizer Inc. announced that the European Commission granted marketing authorization for VELSIPITY (etrasimod) in the European Union for treating patients with moderately to severely active ulcerative colitis. In June 2023, Eli Lilly and Company announced U.K. marketing approval from the Medicines and Healthcare Products Regulatory Agency (MHRA) for its ulcerative colitis treatment, Mirikizumab.
Competitive Landscape
Key players in the United Kingdom Ulcerative Colitis market include AbbVie Inc. (Allergan, Inc.), Merck & Co., Inc., and Novartis AG. These companies are focused on expanding their product portfolios through strategic mergers and acquisitions. The competitive environment encourages innovation and the development of more effective treatment options for patients.
Opportunities and Challenges
The market offers significant opportunities for growth, particularly in the development and adoption of novel therapies. However, challenges remain, including the high cost of treatment and potential side effects associated with long-term medication use. Addressing these challenges will be critical for sustained market growth and improved patient outcomes.