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Crohns Disease Treatment Market Size

  • Report ID: GMI10038
  • Published Date: Jun 2024
  • Report Format: PDF

Crohn’s Disease Treatment Market Size

Crohn’s Disease Treatment Market size was valued at USD 13.3 billion in 2023 growing at a CAGR of 4% from 2024 to 2032. One of the primary drivers for the growth is the increasing prevalence of Chron’s disease.

 

For instance, as per the report published by Crohn’s & Colitis Foundation of America it has been reported that approximately 1.6 million Americans currently have Crohn’s disease or ulcerative colitis. As many as 70,000 new cases of inflammatory bowel diseases (IBD) are diagnosed in the U.S. each year. Therefore, the advancement in diagnostic technologies enable earlier and more accurate detection of Crohn's disease. Thus, the rapid increase in the prevalence of Crohn’s disease globally is the major factor that is expanding the demand for effective treatment option, thereby driving the market growth. Further, the increasing awareness and improved diagnostic techniques have led to a higher diagnosis rate which enable for increasing number of patients seeking treatment, thereby contributing to the market growth.
 

Crohn's disease is a chronic inflammatory condition of the gastrointestinal tract. Treatment for Crohn’s disease can include the use of medication, alterations in diet and nutrition, and surgical procedures to repair or remove affected portions of the GI tract. Medication treating Crohn’s disease is designed to suppress the immune system’s abnormal inflammatory response that is causing the symptoms.
 

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Crohn’s disease treatment industry size was worth USD 13.3 billion in 2023 and will grow at a 4% CAGR between 2024 and 2032, driven by the rising prevalence of the Crohn’s disease globally.

The medication segment garnered USD 7.2 billion in 2023, primarily due to the increasing adoption of biologics and small molecule therapies, which offer improved efficacy and safety profiles.

North America Crohn’s disease treatment industry captured 44.2% in 2023, owing to the high prevalence of the disease, advanced healthcare infrastructure, and significant investment in research and development.

Prominent companies including AbbVie Inc., Amgen Inc., AstraZeneca Plc, Biogen, Boehringer Ingelheim GmbH, Bristol Myerr Squibb, Eli Lilly and Company, Janssen Pharmaceuticals (Johnson & Johnson), Merck & Co. Inc, Novartis AG, and Pfizer, Inc. are operating in the Crohn’s disease treatment industry.

Crohns Disease Treatment Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 14
  • Tables & Figures: 183
  • Countries covered: 22
  • Pages: 108
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