Press release
Global Crohn's Disease Market 2033: Anti-inflammatory Drugs Segment Anticipated to be the Most Lucrative Segment
Crohn's disease is a chronic inflammatory bowel disease (IBD) that affects the digestive system. It can cause abdominal pain, diarrhea, weight loss, and other symptoms. While there is no cure for Crohn's disease, there are a number of treatments available that can help manage the condition and improve quality of life.The anti-inflammatory drugs segment is expected to exhibit the highest growth over the forecast period. Anti-inflammatory drugs is the fastest growing segment of the global Crohn's disease market, which is expected to grow from over US$ 780 Mn to more than US$ 1,000 Mn during the forecast period.
Anti-inflammatory drugs segment is expected to create absolute $ opportunity of more than US$ 20 Mn in 2017 over 2016. This segment is leading the global Crohn's disease market by expanding at a CAGR of 4.2% over the assessment period. It is also expected to be the most lucrative segment in global Crohn's disease market.
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The market for Crohn's disease treatment is significant, with billions of dollars in annual sales. It is driven by the increasing prevalence of IBD worldwide, as well as the development of new and innovative treatments.
Companies
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.
Others
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There are several different approaches to treating Crohn's disease, including medication, surgery, and lifestyle changes. Medications used to treat Crohn's disease include aminosalicylates, corticosteroids, immunomodulators, and biologics. Surgery may be necessary in severe cases or if medications are not effective. Lifestyle changes, such as dietary modifications and stress management, can also be helpful in managing the condition.
The global market for Crohn's disease treatment is expected to continue to grow in the coming years, driven by the increasing prevalence of IBD and the development of new treatments.
Lack of education and ignorance is likely to hamper the development of the anti-inflammatory drugs segment
In countries such as Africa and Nigeria the diagnosis rate of inflammatory bowel syndrome is substantially low. Moreover, around 30% of the diagnosed population does not take total treatment for an average duration of six months. Thus, lack of education and a casual attitude towards treatment duration is a factor that is expected to hamper revenue growth of the anti-inflammatory drugs segment of the global Crohn's disease market.
On the other hand, patients suffering from Crohn's disease in India and China are adopting alternative treatment options such as Ayurveda and Homeopathy, which is another significant factor expected to hinder the progress of the anti-inflammatory drugs segment during the forecasted period.
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Market segmentation
By Drug Type
Anti-inflammatory drugs
Immune system suppressors
Antibiotics
Biologics
Anti-diarrheal
Pain relievers
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Drug Stores
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Market segment by Regions/Countries, this report covers
United States
EU
Japan
China
India
Southeast Asia
Market segment by Type, Crohn Disease can be split into
Small Intestine and Ileocephalitis
Colon Disease
Market segment…