Global Inflammatory Bowel Disease Treatment Market to reach USD 26.66 billion by 2027.Global Inflammatory Bowel Disease Treatment Market is valued approximately USD 19.2 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 4.8 % over the forecast period 2021-2027. The term Inflammatory Bowel Disease is used for mainly two conditions Crohn’s disease and ulcerative colitis. Increase in prevalence of Crohn’s disease and ulcerative colitis is the key factor driving the market of inflammatory bowel disease treatment. According to the Crohn’s and Colitis Foundation (CCFA), approximately 70,000 fresh cases of inflammatory bowel disease are investigated in the U.S. every year.
As per the CCFA report of 2019, about 1.6 million cases were diagnosed in U.S with Inflammatory Bowel Disease. In Europe there were approximately 3.4 billion people were found with any form of IBD in 2020, according to the European Federation of Crohn’s and Ulcerative Colitis Associations (EFCCA). Growing population of affected people are rising the demand for effective treatment options.
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Increasing permissions for biosimilars such as Hyrimoz, Imraldi, Renflexis, and Inflectra is projected to increase the adoption of effective treatment due to its advantages over traditional treatment methods. However, high cost of treatment is predicted to impede the growth of the market over the forecast period of 2021-2027. Also, increasing geriatric population is likely to increase the market growth during the forecast period.
The regional analysis of global Inflammatory Bowel Disease Treatment Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the dominating region across the world in terms of market share owing to increasing treatment rates, growing prescription of novel drugs, and better reimbursement policies are some factors affecting the market growth in the region. Whereas, Asia-Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2021-2027. Factors such as growing Crohn’s disease and ulcerative colitis in the region, increasing prescription of biosimilars, and rising novel drug approval would create lucrative growth prospects for the Inflammatory Bowel Disease Treatment Market across Asia-Pacific region.
Major market player included in this report are:
AbbVie Inc.
Biogen
Johnson & Johnson Services, Inc.
Amgen Inc.
UCB S.A.
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Novartis AG
Takeda Pharmaceutical Company Limited
Merck & Co., Inc.
Pfizer Inc.
Lilly
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Crohn’s Disease
Ulcerative Colitis
By Drug Class:
Aminosalicylates
Corticosteroids
TNF inhibitors
IL inhibitors
Anti-integrin
JAK inhibitors
Others
By Route of Administration:
Oral
Injectable
By Distribution Channel:
Hospital Pharmacy
Retail Pharmacy
Online Pharmacy
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By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
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