An In-Depth Exploration of the Crohn's Disease (CD) Treatment Market - Sanofi S.A., AbbVie Inc., Novartis AG

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Crohn's Disease (CD) Treatment Global Market Report 2023 identifies the increasing prevalence of inflammatory bowel diseases is expected to propel the growth of the Crohn's disease (CD) treatment market going forward. Inflammatory bowel disease (IBD) is a group of chronic inflammatory disorders primarily affecting the gastrointestinal (GI) tract. Crohn's disease (CD) treatment offers relief from symptoms, reduces inflammation, promotes remission and enhances the overall quality of life for individuals suffering from chronic inflammatory bowel disease. For instance, in May 2021, according to BioMed Central Ltd., a UK-based scientific open-access publisher, it is expected that between 2020 and 2035, there will be 69 thousand Inflammatory bowel disease cases in Iran, 220 thousand cases in the Middle East, 2.2 million cases in India and 4.5 million cases in East Asia.

The crohn's disease (cd) treatment market size has grown strongly in recent years. It will grow from $11.13 billion in 2023 to $11.76 billion in 2024 at a compound annual growth rate (CAGR) of 5.6%. The growth in the historic period can be attributed to rising prevalence of crohn's disease, growing awareness of the disease, government initiatives, changing lifestyle. The crohn's disease (cd) treatment market size is expected to see steady growth in the next few years. It will grow to $14.22 billion in 2028 at a compound annual growth rate (CAGR) of 4.9%.

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Major competitors in the crohn's disease (cd) treatment market are Pfizer Inc., Johnson and Johnson Ltd., Merck and Co. Inc., AbbVie Inc., Novartis AG, Sanofi S.A., Bristol-Myers Squibb Company, Abbott Laboratories, GlaxoSmithKline PLC.

A key trend in the crohn's disease (cd) treatment market includes ibdsense technology. Major companies operating in the Crohn's disease (CD) treatment market are introducing new technologies, such as IBDSENSE, to sustain their position in the market. For instance, in March 2023, The IRR Chemistry Hub, a Scotland-based interdisciplinary hub, developed IBDSENSE. This technology aims to improve inflammatory bowel disease diagnosis and monitoring using non-invasive methods, including Crohn's disease.

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The crohn's disease (cd) treatment market is segmented -

1) By Drug Type: Antibiotics, Amino Salicylates, Corticosteroids, Immunomodulators, Other Drug Types

2) By Route of Administration: Oral, Injectable

3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Drug Stores

4) By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Crohn's disease (CD) treatment market.

The Business Research Company's "Global Crohn's Disease (CD) Treatment Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Crohn's Disease (CD) Treatment Market Include:
1. Executive Summary
2. Crohn's Disease (CD) Treatment Market Characteristic
3. Crohn's Disease (CD) Treatment Market Trends And Strategies
4. Crohn's Disease (CD) Treatment Market - Macro Economic Scenario
5. Crohn's Disease (CD) Treatment Market Size And Growth
……………
27. Crohn's Disease (CD) Treatment Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Crohn's Disease (CD) Treatment Market
29. Crohn's Disease (CD) Treatment Market Future Outlook And Potential Analysis
30. Appendix

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