| The Business Research Company’s report on the Euvichol Or Euvichol-Plus Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#Which emerging drivers are set to accelerate the growth of the euvichol or euvichol-plus market further?#
The growing prevalence of liver diseases is anticipated to drive the future growth of the euvichol or euvichol-plus market in the coming years. Liver diseases refer to a range of medical conditions that affect the liver, impairing its ability to function properly. The increasing prevalence of liver diseases is largely due to rising obesity rates, which contribute to non-alcoholic fatty liver disease, and excessive alcohol consumption, a major cause of alcoholic liver disease. Euvichol and Euvichol Plus are used to manage liver diseases, particularly chronic hepatitis B, by improving liver cell membrane integrity, reducing inflammation, and supporting liver function. For instance, in April 2024, according to the GOV.UK, a UK-based government agency, hospital admission rates for liver disease increased to 155.2 per 100,000 population in the financial year ending 2023, up from 150.6 per 100,000 in 2022. Therefore, the increasing prevalence of liver diseases is driving the growth of the euvichol or euvichol-plus market.
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#What are the key factors influencing the forecasted market size of the euvichol or euvichol-plus industry?#
The euvichol or euvichol-plus market size has XX (HCAGR) in recent years. It will grow from $XX million in 2024 to $XX million in 2025 at a compound annual growth rate (CAGR) of XX%. The growth in the historic period can be attributed to demand for generic UDCA, increased awareness among healthcare professionals, increased awareness of NASH and liver health, demand for personalized liver health, and demand for pharmaceutical therapies.
The euvichol or euvichol-plus market size is expected to see XX (FCAGR) in the next few years. It will grow to $XX million in 2029 at a compound annual growth rate (CAGR) of XX%. The growth in the forecast period can be attributed to the rising prevalence of chronic kidney disease (CKD), increasing prevalence of liver fibrosis, increasing prevalence of obesity, type 2 diabetes, rising prevalence of NASH and NAFLD, and growing prevalence of non-alcoholic fatty liver disease (NAFLD). Major trends in the forecast period include technological advancements in drug delivery systems, advances in diagnostic technologies, a focus on biopharmaceutical innovations, advances in drug development, and the adoption of telemedicine and digital health tools.
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#Who are the leading competitors in the euvichol or euvichol-plus market?#
Major companies operating in the euvichol or euvichol-plus market include Eubiologics Co. Ltd.; Techinvention Lifecare Pvt. Ltd.
#Which emerging trends are set to transform the euvichol or euvichol-plus market landscape?#
A key trend in the euvichol or euvichol-plus market is the development of technologically advanced solutions, such as the oral cholera vaccine, to meet various critical industry needs. Oral cholera vaccines are vaccines taken by mouth to protect against cholera, a bacterial infection that causes severe diarrhea and dehydration. For instance, in May 2023, Techinvention Lifecare Pvt. Ltd., an India-based biotechnology company, introduced Euvichol-Plus, the first oral cholera vaccine packaged in a low-density polyethylene (LDPE) unidose pack. This innovative packaging enhances usability and safety by minimizing the risks of breakage and waste typically associated with traditional glass vials. Approved by the Central Drugs Standard Control Organization (CDSCO) following a successful phase III clinical trial, Euvichol-Plus addresses a significant public health need in India, where approximately 400 million people are at risk of cholera. The vaccine is expected to improve distribution during emergencies and humanitarian crises, supporting global efforts to eradicate cholera by 2030.
#How do different geographies compare in terms of market share and growth potential in the euvichol or euvichol-plus market?#
North America was the largest region in the euvichol or euvichol-plus market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the euvichol or euvichol-plus market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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#Which major segments of the euvichol or euvichol-plus market are experiencing the fastest growth?#
The euvichol or euvichol-plus market covered in this report is segmented –
1) By Product Type: Euvichol, Euvichol-Plus
2) By Clinical Indication: Non-Alcoholic Fatty Liver Disease (NAFLD), Liver Dysfunction, Detoxification And Liver Protection
3) By Distribution Channel: Hospitals And Clinics, Pharmacies, Public Health Campaigns
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#How is the euvichol or euvichol-plus market defined, and what are its core characteristics?#
Euvichol and euvichol-plus are pharmaceutical products used primarily in the treatment of liver diseases, especially those associated with cholestasis, gallstones, and primary biliary cirrhosis (PBC). These medications are both ursodeoxycholic acid (UDCA)-based treatments, with Euvichol-Plus being a combination therapy.
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