Indian IBD Therapeutics Market Growth, Opportunity, Size, Share and Forecast 2019-2025Indian IBD therapeutics market is estimated to grow significantly at a CAGR of around 6.2% during the forecast period. The Indian pharmaceutical industry has been consistently growing with the public and private investments, making India as a potential market for the treatment of prevailing diseases such as IBD. Additionally, healthcare expenditure is playing a critical role in fueling the IBD therapeutics market in India.
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With the substantial healthcare expenditure and various insurance schemes including PMJAY and Ayushman Bharat-National Health Protection Mission, the healthcare sector is improving on various fronts in India. Various aspects in which the Indian healthcare sector is improving upon includes a number of healthcare services, advanced diagnostic centers, induction of advanced treatment process, international collaborations, and developing infrastructure for healthcare services that further provide a significant opportunity to the market growth.
Indian IBD therapeutics market is segmented on the basis of disease type and treatment type. The disease type segment includes ulcerative colitis and Crohn's disease. Crohn's disease segment is estimated to dominate the market. The growth of the segment is attributed to the comparatively higher incidence of Crohn's disease than ulcerative colitis. For Crohn's and ulcerative colitis, the development of minimally invasive methods has been evolved with more caution as compared to other colorectal diseases.
This is primarily due to disease-related characteristics that are concerned with IBD. The treatment type segment is further segmented into anti-inflammatory drugs and surgery. There is a range of anti-inflammatory drugs used for the treatment of IBD, such as immunosuppressants (methotrexate, ciclosporin, and azathioprine), steroids and biological drugs. Steroids are commonly referred to as Corticosteroids. This enables to reduce inflammation in the digestive tract and provides relief from symptoms of IBD condition. For several people, corticosteroids have a potential anti-inflammatory effect that starts working very rapidly.
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Indian IBD Therapeutics Market
By Disease Type
o Ulcerative Colitis
o Crohn's Disease
By Treatment Type
o Anti- Inflammatory Drug Administration
o Biological Drugs
o Amino salicylates
o AbbVie Inc.
o Allergan, PLC
o Boehringer Ingelheim International GmbH
o Daiichi Sankyo Co. Ltd.
o Eli Lilly and Co.
o Johnson & Johnson Services Inc.
o Mercator Pharmaceutical Solutions
o Pfizer Inc.
o RPG Life Sciences Ltd.
o Sanofi S.A.
o Takeda Pharmaceutical Co., Ltd.
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