Crohn's Disease Treatment Market Industry Analysis by Leading Players AbbVie Inc., Janssen Biotech, Inc., Allergan Inc., Bayer AG, Bristol-Myers Squibb, Pfizer, Inc., Boehringer Ingelheim GmbH, F. Hoffmann-La Roche, Eli Lilly

According to a study published in the Lancet in October, 2017, around 319 and 322 cases of Crohn’s disease per 1, 00,000 people were reported in the U.S. and Europe respectively. Moreover, according to the Crohn’s and Colitis Foundation, approximately 1.6 million Americans were reported with inflammatory bowel disease in 2011 and around 70,000 new cases are diagnosed each year. Moreover, the new therapies such as biosimilars developed by the market players are also expected to contribute to the growth of global Crohn’s disease market. For instance, in 2017, the U.S. FDA granted approval Cyltezo, developed by Boehringer Ingelheim International GmbH, which is a biosimilar to Humira, for the treatment of Crohn’s disease and ulcerative colitis. Moreover, Pfizer, Inc. also received approval for another therapy Ifixi which is a monoclonal antibody biosimilar to Janssen’s Remicade for the treatment of Crohn’s disease.

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Crohn’s disease treatment market is expected to exhibit significant growth, owing to increasing new product launches by key players as well as a large number of drugs completing successful clinical trial phases to receive market approvals. For instance, in September 2016, Johnson & Johnson received FDA approval for the company’s blockbuster drug Stelara for use in adults indicated in treatment of Crohn’s disease in the U.S. In April 2018, Qu Biologics, a Vancouver Canada based biopharmaceutical manufacturer successfully passed through the Phase I clinical trials of FDA and initiated Phase II studies for development of site specific Immunomodulators for the treatment of Crohn’s disease.

Additionally, rising initiatives to spread awareness and conduct educational campaigns undertaken various organizations is also expected to support the market growth in the forecast years. For instance, in July 2016, Takeda and Crohn’s Colitis Foundation of America partnered to introduce “IBD Unmasked” to share stories of patients suffering with the disease for creating awareness and education among populace in the U.S.

According to the journal of Gastroenterology’s on Inflammatory Bowel Disease (IBD) in 2017, around 1.6 million patient in the U.S were suffering from of IBD, out of which considerable section belongs to Crohn’s disease. Additionally, fast-track drug approval application of FDA pertaining to treatments for Crohn’s disease is also expected to foster the market in the forecast years. The pipeline drugs offering innovative treatment solutions expecting to receive marketing approvals are anticipated to propel the market growth. For instance, launch of interleukin (IL) inhibitor and anti-integrin therapy for Crohn’s disease, risankizumab, is in the Phase III clinical trials of FDA developed by AbbVie and is expected to complete its trials by January 2022.

Key players operating the global Crohn’s disease treatment market include AbbVie Inc., Janssen Biotech, Inc., Allergan Inc., Bayer AG, Bristol-Myers Squibb, Pfizer, Inc., Boehringer Ingelheim GmbH, F. Hoffmann-La Roche, Eli Lilly and Company, GlaxoSmithKline plc, Novartis International AG, Sanofi S.A., and Takeda Pharmaceutical Company Limited.

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Detailed Segmentation:

Global Crohn’s Disease Treatment Market, By Drug Type:
Antibiotics
Amino Salicylates
Corticosteroids
Immunomodulators
Others
Global Crohn’s Disease Treatment Market, By Distribution Channel:
Hospital Pharmacies
Retail Pharmacies
E-Commerce

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