Crohns Disease Treatment Market 2022 Global Projection By Key Players - Allergan, Inc., UCB S.A., AbbVie Inc., Perrigo Company plc- Analysis and Forecast to 2024

Crohns Disease Treatment Market 2022

The Crohns Disease Treatment Market is slated to grow at a gracious rate of 3%, reaching US$ 4,474.8 Million by the year 2024. With value-oriented approach being the need of the hour, the healthcare vertical is likely to go the technologically advanced way in the next 10 years. With Big Data, AI comprising these advancements, the healthcare vertical is bound to create greater strides going forward.

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The Crohn's & Colitis Foundation of America (CCFA) stated that over 1 Million Americans were diagnosed with Crohn's & ulcerative colitis disorders, with most of them aged above 30. Growing occurrence of Crohn's disease has triggered a robust demand for its therapeutics. A survey conducted by the US Center for Disease Control (CDC) has revealed that the incidence rate of Crohn's disease in the country is 3.1 to 14.6 new cases per 100,000 population annually. The disease is highly prevalent in developed countries, especially in individuals who smoke.

According to a study conducted by Persistence Market Research (PMR), demand for anti-inflammatory drugs and biologics for treating Crohn's disease will gain traction in the near future. Persistence Market Research forecasts that the global market for Crohn's disease is set to reach US$ 4,474.8 Million by 2024-end, growing at a CAGR of 3% during the assessment period.

Increasing demand for biologics for treating bowel disorders such as ulcerative collates and Crohn's disease is propelling the overall growth of Crohn's disease market. Moreover, drug manufacturers are actively focusing on advanced products having higher efficiency. The growing patient population is an additional factor expected to influence the market growth between 2016 and 2024. Therefore, higher utilization and preference for biologics and anti-inflammatory drug therapies coupled with the surging popularity of biosimilars is expected to play an important role in shaping the market for the future.

Company Profiles:

Allergan, Inc.,
UCB S.A.
AbbVie Inc.
Perrigo Company plc
Takeda Pharmaceutical Company Limited
Pfizer Inc.
Johnson & Johnson Services, Inc.
Bayer AG
Ferring B.V.

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Bottlenecks

The high cost of treatment will remain as a major impediment for the market. Further, the patient expiry of blockbuster drugs and lack of early diagnosis particularly in third world countries are some of the other hindrances that are likely to inhibit the market growth during the forecast period.

Major Trends

Higher preference for symptomatic therapeutic and drugs over surgeries, better treatment management of inflammatory bowel diseases, the arrival of enhanced drugs in the market owing to healthier investments in R&D programs are some of the key trends governing the market.

Market Overview

While biologics will continue to remain the most preferred drug type amongst both healthcare professionals and patients, the demand for anti-inflammatory drugs will also witness a rampant acceleration during the forecast period. Based on drug type, the anti-inflammatory drug segment is projected to reach a market valuation of US$ 1,095.9 Million by end of the assessment period.

Based on distribution channel, the hospital pharmacies will continue to be the leading segment of the market over the forecast period. Whereas, the retail pharmacies segment is projected to exhibit the highest growth, reaching a market valuation of US$ 1,470.2 Million by 2024.

PMR's findings based on regional assessment suggest that the Crohn's disease market in North America will continue to lead the pack during the forecast period. The region's market is expected to value US$ 3,149.8 Million over 2014. However, Asia-Pacific is expected to witness the highest CAGR over the forecast period. The APAC market is projected to create an absolute $ opportunity of US$ 13.2 Million in 2017 over 2016.

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Key Questions Answered in the Crohns Disease Treatment Market Report

How is the Crohns Disease Treatment Market expected to grow over the projected period?

What direction is the Crohns Disease Treatment Market expected to take in terms of volume and value during the forecast period?

What is the impact of macroeconomic factors on the Crohns Disease Treatment Market in future?

What are the key market drivers in the Crohns Disease Treatment Market?

What are significant opportunities and improvement areas for Crohns Disease Treatment Market manufacturers?

What are the key developments and trends taking over the Crohns Disease Treatment Market?

Which are the emerging countries that are expected to create significant growth opportunities in the Crohns Disease Treatment Market?  

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