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Crohns Disease Treatment Market Trends

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

Crohn’s Disease Treatment Market Trends

The rising prevalence of Crohn's disease significantly fuels the growth of the Crohn's disease treatment industry. As more individuals are diagnosed with this chronic inflammatory condition, the demand for effective treatments and management strategies escalates. This surge in patient numbers drives pharmaceutical companies to invest in research and development, leading to the introduction of advanced biologics, immunosuppressants, and small molecule drugs.

For instance, as per the research conducted by Crohn’s & Colitis UK in 2022 it has been reported that 1 in every 123 people in the UK have either Crohn’s disease or ulcerative colitis. This amounts to a total of nearly half a million people in the UK living with IBD. Thus, the rising prevalence of Crohn’s disease globally increases the demand for effective treatment option, that will boost the market for Crohn’s disease treatment.
 

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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