Inflammatory Bowel Disease Market Size, Trends & Growth Forecast 2024-2031 | Pfizer Inc, Biogen, Novartis AG.

The Global Inflammatory Bowel Disease Market reached USD 19 billion in 2022 and is projected to witness lucrative growth by reaching up to USD 26.7 billion by 2031. The global inflammatory bowel disease market is expected to exhibit a CAGR of 4.4% during the forecast period 2024-2031.

Inflammatory Bowel Disease Market report, published by DataM Intelligence, provides in-depth insights and analysis on key market trends, growth opportunities, and emerging challenges. Committed to delivering actionable intelligence, DataM Intelligence empowers businesses to make informed decisions and stay ahead of the competition. Through a combination of qualitative and quantitative research methods, it offers comprehensive reports that help clients navigate complex market landscapes, drive strategic growth, and seize new opportunities in an ever-evolving global market.

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The Inflammatory Bowel Disease (IBD) market focuses on treatments for chronic digestive disorders like Crohn's disease and ulcerative colitis. It includes biologics, immunosuppressants, and novel therapies aimed at reducing inflammation and improving patient quality of life. Rising prevalence, ongoing drug innovations, and personalized treatment approaches are shaping the market's growth.

List of the Key Players in the Inflammatory Bowel Disease Market:

AbbVie Inc, Takeda Pharmaceutical Company Limited, Pfizer Inc, Biogen, Novartis AG, Eli Lilly Company, Merck & Co., Inc., Johnson & Johnson, Biocon Ltd., and Sanofi among others.

Industry Development:

On March 16, 2022, AbbVie announced that the FDA approved RINVOQ (upadacitinib) for adults with moderately to severely active ulcerative colitis (UC). This approval is specifically for patients who have not responded well or have shown intolerance to one or more tumor necrosis factor (TNF) blockers, offering them a new treatment option.

On February 27, 2023, AbbVie revealed plans to present new analyses on SKYRIZI (risankizumab) for Crohn's disease (CD) and RINVOQ (upadacitinib) for ulcerative colitis (UC) at the 18th Congress of the European Crohn's and Colitis Organisation (ECCO). The event, held from March 1-4 in Copenhagen, Denmark, will also feature insights into the investigational use of upadacitinib in Crohn's disease, highlighting AbbVie's commitment to advancing treatment options for inflammatory bowel diseases.

Growth Forecast Projected:

The Global Inflammatory Bowel Disease Market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global Inflammatory Bowel Disease Market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Segment Covered in the Inflammatory Bowel Disease Market:

By Type: Crohn's Disease, Ulcerative Colitis.

By Route of Administration: Oral Route, Rectal Route, Subcutaneous Route, Intravenous Route.

By Drug Class: Aminosalicylates, Corticosteroids, TNF inhibitors, IL inhibitors, Anti-integrin, JAK inhibitors, Others.

By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies.

Regional Analysis for Inflammatory Bowel Disease Market:

The regional analysis of the Inflammatory Bowel Disease Market covers key regions including North America, Europe, Asia Pacific Middle East and Africa and South America. The North America with a focus on the U.S., Canada, and Mexico; Europe, highlighting major countries like the U.K., Germany, France, and Italy, along with other nations in the region; Asia-Pacific, covering India, China, Japan, South Korea, and Australia, among others; South America, with emphasis on Colombia, Brazil, and Argentina; and the Middle East & Africa, which includes Saudi Arabia, the U.A.E., South Africa, and other countries. This comprehensive regional breakdown helps identify unique market trends and growth opportunities specific to each area.

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

➡ A descriptive analysis of demand-supply gap, market size estimation, SWOT analysis, PESTEL Analysis and forecast in the global market.

➡ Top-down and bottom-up approach for regional analysis

➡ Porter's five forces model gives an in-depth analysis of buyers and suppliers, threats of new entrants & substitutes and competition amongst the key market players.

➡ By understanding the value chain analysis, the stakeholders can get a clear and detailed picture of this Market

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People Also Ask:

➠ What is the global sales, production, consumption, import, and export value of the Inflammatory Bowel Disease market?

➠ Who are the leading manufacturers in the global Inflammatory Bowel Disease industry? What is their operational status in terms of capacity, production, sales, pricing, costs, gross margin, and revenue?

➠ What opportunities and challenges do vendors in the global Inflammatory Bowel Disease industry face?

➠ Which applications, end-users, or product types are expected to see growth? What is the market share for each type and application?

➠ What are the key factors and limitations affecting the growth of the Inflammatory Bowel Disease market?

➠ What are the various sales, marketing, and distribution channels in the global industry?

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