Global Ursodeoxycholic Acid Market Outlook 2017-2022

Global Ursodeoxycholic Acid Market is expected to grow at a significant CAGR of 7% by 2022 as the scope and its applications are rising enormously across the globe. Ursodeoxycholic Acid is also termed as ursodiol (USAN) and abbreviated as UDCA. it is an epimer of chenodeoxycholic acid, a mammalian bile acid formed by the liver and stored in the gallbladder. It was first found in the liver of Chinese black bear and was exclusively used to treat liver diseases. It helps to reduce the absorption of cholesterol from the intestinal tract. It is exclusively used as a choleretic and cholagogue.

Ursodeoxycholic Acid Market is segmented based on product type, application, and region. Extraction ursodeoxycholic acid and Synthetic ursodeoxycholic acid are the product types that could be explored in the forecast period. The market may be categorized based on applications like health products, pharmacy, and others.

Ursodeoxycholic Acid Market is segmented geographically into North America, Europe (Eastern Europe, Western Europe), Asia Pacific (India, China, Japan, New Zealand, and Australia), Latin America (Mexico, Argentina, and Brazil), Middle East (UAE, Saudi, and Qatar) and Africa (South Africa).

Globally, Asia Pacific may account for the substantial market share of Ursodeoxycholic Acid and is estimated to lead the overall market in the coming years. The reason behind the overall market growth could be presence of key manufacturers in the region and high demand from the healthcare industry. The developing countries like India and China are the major consumer of Ursodeoxycholic Acid in this region.

Europe and North America are also estimated to have a positive influence on the future growth. Europe is the second largest region with significant market share. However, North America is estimated to grow at fastest pace with the highest CAGR in the foremost period. The key players of Ursodeoxycholic Acid Market are Zhongshan Belling, Daewoong Bio, Suzhou Tianlu, Dipharma, PharmaZell, Arcelor Chemicals, ABIL Chempharma and ICE. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. 

The global market for ursodeoxycholic acid (UDCA, CAS 128-13-2) will grow at a CAGR of 7% by 2022, according to a new report published by Gen Consulting Company. The report segments the market and forecasts its size, by volume and value, on the basis of product (cholic acid-based, chenodeoxycholic acid-based, etc.), and by geography (North America, Europe, Asia-Pacific, MEA and South America).

The report covers forecast and analysis for the ursodeoxycholic acid market on a global and regional level. The study provides historic data of 2012-2016 along with a forecast from 2017 to 2022 based on both output/volume and revenue. The study then describes the drivers and restraints for the ursodeoxycholic acid market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the ursodeoxycholic acid market on a global level.

The report has been prepared based on the synthesis, analysis, and interpretation of information about the global ursodeoxycholic acid market collected from specialized sources. The competitive landscape section of the report provides a clear insight into the market share analysis of key industry players. Company overview, financial overview, product portfolio, new project launched, recent development analysis are the parameters included in the profile. Relevantly, the report and company profiles specify the key drivers that are impacting the demand in global ursodeoxycholic acid market.

Key Products
- Cholic Acid-based
- Chenodeoxycholic Acid-based

Key Regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- Daewoong Bio
- Dipharma
- ICE
- PharmaZell
- Suzhou Tianlu
- Zhongshan Belling
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Key Questions Answered in this Report
- What will the market size be in 2022?
- What are the key factors driving the global ursodeoxycholic acid market?
- What are the challenges to market growth?
- Who are the key players in the ursodeoxycholic acid market?
- What are the market opportunities and threats faced by the key players?