(MENAFN- GetNews) Global Cholic acid Market Research Report Covers Historical Market Trends, Current Market Dynamics, Market Valuation by Segmentation as Well as Region, Country-level Analysis for Every Segment, Key Player's Market Share Analysis, Competitive Landscape and Supply Chain Analysis.
Cholic Acid Market Overview
The global cholic acid market is expected to exhibit a robust 7.90% CAGR over the forecast period from 2019 to 2024, according to the latest research report from Market Research Future (MRFR). The global cholic acid market is mainly driven by the growing prevalence of gallbladder cancer and gallstones, as cholic acid is a primary ingredient used to treat these diseases. The report provides a comprehensive overview of the global cholic acid market based on the historical trajectory of the market. The past growth trends of the cholic acid market are studied in detail in the report in order to shed light on the market's direction and major growth drivers and restraints. The trajectory exhibited by the market is studied and, on the basis of reliable analytical tools, extended to give readers an idea of the market's likely growth trajectory over the forecast period. Major growth drivers and restraints operating on the global cholic acid market are studied in the report to give readers a comprehensive overview of the major economic factors acting on the market. Major players operating in the global cholic acid market are also studied in the report, giving readers a comprehensive overview of the competitive landscape of the market. The global cholic acid market is expected to reach a valuation of USD 92.412 million by 2024.
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Cholic Acid Market Major Drivers and Restraints:
Cholic acid is a primary bile acid synthesized by the liver. It is industrially used to produce ursodeoxycholic acid, which is an important pharmaceutical ingredient in formulations used to cure various liver complaints, including gallstones and others. The growing prevalence of liver diseases around the world is thus likely to be a key driver for the global cholic acid market. As the prevalence of liver diseases such as cancer, cirrhosis, and gallstones has grown, the demand for industrial production of remedies for the same has increased at a corresponding rate. The liver is one of the body's most important organs and plays a crucial role in the removal of toxins from the body. This has driven an increase in the awareness about liver diseases, leading to a growing demand for cholic acid for formulating various treatments against liver diseases. The increasing prevalence of gallbladder cancer is likely to be one of the most important drivers for the global cholic acid market over the forecast period.
The increasing prevalence of obesity is also likely to be a key driver for the cholic acid market over the forecast period. Obesity is a contributing factor to liver diseases such as gallstones and thus plays a role in the growth of the cholic acid market. The growing geriatric population around the world is also likely to play a key role in the growth of the cholic acid market, as geriatric individuals are more likely to acquire liver conditions than younger people. Natural degeneration of liver cells also leads to a higher probability of liver disorders in old age, leading to the increasing importance of the geriatric population for the cholic acid market.
Competitive Analysis:
Leading players in the global cholic acid market include Zhejiang Yongning Pharmaceutical, Suzhou Tianlu Biopharmaceuticals Co. Ltd., Showa Denko KK, Retrophin Inc., PharmaZell GmbH, Panjin Hengchanglong Pharmaceutical, New Zealand Pharmaceuticals Limited, Kinsy SL, Istituto Biologico Chemioterapico SpA, Industria Chimica Emilliana SRL, Fujitomo Chemicals, Erregierre SpA, Dipharma Francis SRL, Daewoong Bio Inc., and Alchem International Ltd. China is likely to remain a key regional market for players in the global cholic acid market due to the government support for medical research and technological progress in the region. Europe is also likely to remain a promising regional environment for players in the cholic acid market.
In September 2019, Aperio Group LLC lowered its stake in Retrophin Inc. by 18.3%, selling more than 2,000 shares.
Regional Analysis:
Europe holds the largest share in the global cholic acid market, accounting for 39.5% in 2018. The promising economic environment for medical research in Europe is likely to be a key driver for the cholic acid market in Europe over the forecast period. Asia Pacific, closely followed by North America, are also likely to remain important cholic acid markets over the forecast period.
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At Market Research Future (MRFR) , we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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