Inflammatory Bowel Disease Drugs Market Size, Trends, Growth Status, Share, Research, and Forecast 2031 | Celltrion Healthcare, Merck & Co., Novartis AG

The global inflammatory bowel disease drugs market size was US$ 21 billion in 2021. The global inflammatory bowel disease drugs market size is estimated to reach US$ 32.8 billion by 2030, growing at a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.

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Inflammatory bowel disease is an illness that indicates chronic infection of the digestive tract. It includes two types namely Crohn's disease and ulcerative colitis. Crohn's disease generates inflammation and pain in the digestive tract. It usually impacts the upper portion of the large intestine and the small intestine. Usually, mucosal inflammation leads to bleeding, edema, electrolyte loss, and ulcers in ulcerative colitis.

Factors Influencing Market Growth

The increase in the majority of Crohns disease and ulcerative colitis, rising incidence of disease awareness across the globe, and efforts to develop treatments for inflammatory bowel disease are some of the aspects that drive the overall market expansion.
The use of drugs like adalimumab, infliximab, certolizumab, and golimumab for the cure of inflammatory bowel disorder propels the overall market growth.
The increasing number of cases of ulcerative colitis directs to growth in the need for inflammatory bowel disease cure extensively driving the expansion of the global market.

Effect of the COVID-19 Pandemic

The COVID-19 outbreak had positively influenced the expansion of the overall market. The rise in the number of government ambitions to save patients from the disease, as those victims were more inclined to get infected because of their immunosuppressive treatments, resulted in increased usage of drugs authorized for IBD.

Regional Insights

North America recorded the highest market share in 2021 and is anticipated to grow due to a rise in drug development and the rise in cases of ulcerative colitis. In addition, the increase in the number of regulatory approvals in the growing countries propels the overall market growth in the region.

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Leading Competitors

The prominent players in the global inflammatory bowel disease drugs market are:
Celltrion Healthcare
Merck & Co.
Novartis AG
Bristol Myers Squibb
Johnson & Johnson Services
AbbVie
Pfizer
UCB S.A.
ELI-LILLY
Takeda Pharmaceutical Company
Others

Segmentation Analysis

The global inflammatory bowel disease drugs market segmentation focuses on Type, Drug Class, Distribution Channel, and Region.

Segmentation on the basis of Type
Crohns Disease
Ulcerative Colitis

Segmentation on the basis of Drug Class
IL inhibitors
TNF inhibitors
Corticosteroids
Aminosalicylates
JAK inhibitors
Anti-integrin
Others

Segmentation on the basis of Distribution Channel

Online Pharmacy
Hospital Pharmacy
Drug Store and Retail Pharmacy

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Segmentation on the basis of Region
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America

Key questions answered in the global market report are:

-- How does a global company acquire markets?
-- What are its core strategies and policies?
-- What factors will influence the market over the forecast period?
-- What are the factors driving and restraining the market?
-- What are the leading competitors in the global market?
-- Which region is growing at a higher pace in the global market?

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This release was published on openPR.