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Crohn's Disease (CD) Treatment Market Analysis 2024 -2033: Forecasted Market Size, Top Segments, And Largest Region | Pfizer Inc., Johnson and Johnson Ltd., Merck and Co. Inc., AbbVie Inc., Novartis AG
Crohn's Disease (CD) Treatment Market Analysis
The Business Research Company offers in-depth market insights through Crohn's Disease (CD) Treatment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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%. The growth in the forecast period can be attributed to growing demand for combination therapies, increasing adoption of biologics, investments in research and development on crohn's disease (cd) treatments. Major trends in the forecast period include development biologic drugs, innovative products, advanced diagnostic tools, biosimilars adoption.
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Market Segmentation:
The main drug types of crohn's diseases treatment are antibiotics, amino salicylates, corticosteroids, immunomodulators, and other drug types. Antibiotics are medicines that fight bacterial infections in people and animals by killing the bacteria or making it hard for them to grow and multiply. The route of administration includes oral and injectable, which are distributed to through hospital pharmacies, retail pharmacies, online pharmacies, and drug stores.
Crohn's Disease CD Treatment Global Market Report 2023 provides data on the global crohn's disease cd treatment market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The crohn's disease cd treatment market report identifies opportunities and strategies based on market trends and leading competitors' approaches.
Major Driver - Increasing Prevalence Of Inflammatory Bowel Diseases Fuels Growth In The Crohn'S Disease Treatment Market
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. Therefore, the increasing prevalence of inflammatory bowel diseases drives the Crohn's disease (CD) treatment market.
Competitive Landscape:
Major players 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, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Amgen Inc., Boehringer Ingelheim International GmbH, Teva Pharmaceutical Industries Ltd., Mylan N.V., Bausch Health Companies Inc., UCB S.A., Sun Pharmaceutical Industries Ltd., Perrigo Company PLC, Dr. Reddy's Laboratories Ltd., Aurobindo Pharma Limited, Cipla Limited, Ferring B.V., Hikma Pharmaceuticals PLC, Amneal Pharmaceuticals LLC.
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Top Trend - Market Leaders Innovate With Ibdsense Technology In The Crohn'S Disease Treatment Market
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. The project uses fluorescence-based technology to measure the enzyme activity of Granzyme B (GzmB) in patient biosamples. This technology aims to improve the patient experience and treatment choices.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Crohn's Disease (CD) Treatment Market Characteristics
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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Pfizer
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GSK
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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…
