Inflammatory Bowel Disease Treatment Market Is Booming Globally With Abbott, Biocon, F. Hoffmann-La Roche Ltd, Novartis AG, Sanofi, Johnson & Johnson Services, Inc., Pfizer Inc

Inflammatory Bowel Disease Treatment Market is expected to reach USD 25.80 billion growing at a steady CAGR of 4.50% in the forecast period of 2020-2029. The growth of this market is attributed to availability of strong pipeline products for the treatment of inflammatory bowel disease. Inflammatory Bowel Disease Treatment Market Report highlights key market dynamics of sector. Various definitions and classification of the industry, applications of the industry and chain structure are given. The current Inflammatory Bowel Disease Treatment Market scenario and future prospects of the sector also have been studied.

Few of the major competitors currently working in inflammatory bowel disease treatment market are Abbott, Biocon, F. Hoffmann-La Roche Ltd, Novartis AG, Sanofi, Johnson & Johnson Services, Inc., Pfizer Inc., Takeda Pharmaceutical Company Limited, AbbVie Inc., Celltrion Healthcare Co., Ltd., CELGENE CORPORATION, COSMO PHARMACEUTICALS, Innovate Biopharmaceuticals and Gilead Sciences, Inc. among others.

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Market Definition:

Inflammatory bowel disease (IBD) is a term which is used to describe the disorders that involve chronic inflammation of the digestive tract. The two types of inflammatory bowel disease (IBD) include namely, ulcerative colitis and crohn's disease that usually involve severe diarrhea, fatigue, abdominal pain and weight loss. The treatment of the inflammatory bowel disease (IBD) is to reduce the inflammation that triggers your signs and symptoms. The treatment involve the drug therapy or surgery.

Inflammatory Bowel Disease Treatment Market Scope and Market Size

On the basis of type, inflammatory bowel disease treatment market is segmented into ulcerative colitis and Crohn’s disease. Ulcerative colitis is estimated to be the fastest growing segment in the forecast period.

On the basis of drug class, inflammatory bowel disease treatment market is segmented into biologics, aminosalicyclates, immunomodulators, corticosteroids and antibiotics.

On the basis of route of administration, inflammatory bowel disease treatment market is segmented into injectable and oral. Based on injectable the market is further segmented into TNF-inhibitors, IL inhibitors, Anti-integrin and others. Based on the oral the market is further segmented into ASAs, Corticosteroids, JAK inhibitors and others. Oral route is dominating segment in the forecasted period.

Based on distribution channel, inflammatory bowel disease treatment market is segmented into hospital pharmacy, retail pharmacy and online pharmacy. The hospital pharmacy is dominating segment in the forecasted period.

Country Level Analysis of Inflammatory Bowel Disease Treatment Market

On the basis of region, the inflammatory bowel disease treatment market is segmented into North America and South America, Asia Pacific, Europe and Middle East and Africa. Countries covered under North and South America region are Canada, Mexico, Brazil, Rest of Americas, along with Germany, France, United Kingdom, Italy, Spain, Rest of Europe covered under Europe region and Japan, China, India, Australia, Rest of Asia-Pacific covered under Asia-Pacific region. North America is expected to dominate the market over the forecast period.

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Data points such as new sales, replacement sales, country demographics, disease epidemiology and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands impact of sales channels are considered while provided forecast analysis of the country data.

Inflammatory Bowel Disease Treatment Market Drivers:

• Rising prevalence of inflammatory bowel disease (IBD) drives the market growth.
• Novel drugs pipeline available for inflammatory bowel disease drives the market growth.
• Approval of new biologic drugs for inflammatory bowel disease is expected to drive the market growth.
• Emergence of biosimilars in developing countries is expected to drive the market growth.

Key Developments in the Inflammatory Bowel Disease Treatment Market :

• In October 2019, PredictImmune Ltd has entered into an exclusive partnership with KSL Biomedical to commercialize and provide PredictImmune's prognostic test PredictSURE IBD for inflammatory bowel disease throughout North America. This acquisition will expand the product portfolio as well as market size of the company.

• In March 2019, Revolutionary new therapy for inflammatory bowel disease passes trial stage and launches in Europe by Professor Abdul Basit and his research group at UCL School of Pharmacy. They developed a high dose (1600mg) mesalazine formulation which guarantees targeted drug release in the colon to revolutionize treatment for inflammatory bowel disease sufferers across the world. This launch of new therapy improve the product portfolio of the company.

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Competitive Analysis and Inflammatory Bowel Disease Treatment Market Share Analysis:

Inflammatory bowel disease treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of inflammatory bowel disease treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the Inflammatory Bowel Disease Treatment Market report:

• Complete and distinct analysis of the market drivers and restraints
• Key market players involved in this industry
• Detailed analysis of the market segmentation
• Competitive analysis of the key players involved

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Research for Markets

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Email: alan.naidu@researchformarkets.com

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This release was published on openPR.