Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 13.99 Billion | USD 21.06 Billion | 4.2% | 2023 |
The global Crohn’s Disease Treatment market size was worth around USD 13.99 billion in 2023 and is predicted to grow to around USD 21.06 billion by 2032 with a compound annual growth rate (CAGR) of roughly 4.2% between 2024 and 2032.
The study provides historical data from 2018 to 2022 along with a forecast from 2024 to 2032 based on revenue (USD billion). The report covers a forecast and an analysis of the Crohn’s Disease Treatment market on a global and regional level.
Crohn disease is an inflammatory bowel disease and can impact the gastrointestinal tract. According to NCBI, Crohn’s Disease is genetically associated with the phenotype. Researchers at NIH have found that NOD2/CARD15 mutations to be related to crohn’s disorder phenotype that can be determined at young age. Moreover, the ailment is usually observed in North America, New Zealand, and Europe. Apparently, the ailment is one of the major chronic relapsing inflammatory bowel disorders that involve inflammation in the digestive system between anus and mouth. Apparently, the infection takes place in colon or ileum or both. Furthermore, NCBI reports that the cases of Crohn’s Disease were found to be falling in the range of nearly two to twenty incidences per one lakh persons since 1980 across the globe. The disease is impacted by factors such as heredity, immunologic milieu, and environment.
Moreover, the various modes of disease treatment include medicines, nutrient supplements, and surgery. The key aim of treating the disorder is to control inflammation, correct nutritional deficiency, and provide relief to the patients from diarrhea, abdominal pain, and rectal bleeding. Reportedly, the therapy of the ailment is based upon location and seriousness of the crohn’s disorder, its complexities, and medical treatment history for recurring disease symptoms.
Rise in the gastrointestinal disease and surge in the proportion of patients affected due to Crohn’s Disease will pave a way for the expansion of Crohn’s Disease Treatment Market in the years ahead. Changes in the lifestyles and improper food habits have resulted in occurrence of crohn’s disease, thereby steering the expansion of Crohn’s Disease Treatment market. Escalating demand for biologics for treating Crohn’s disorder and growing awareness about the ailment will push the expansion of Crohn’s Disease Treatment industry over the assessment period. Moreover, massive use of anti-inflammatory medicines along with rapid adoption of biosimilar will play a prominent role in influencing the expansion of Crohn’s Disease Treatment Market over the forecast timespan. Nonetheless, huge treatment costs will curtail the growth of Crohn’s Disease Treatment industry over the forecast timeline. Apart from this, lack of early diagnosis in emerging economies and expiry of copyrights of blockbuster medicines can hinder the expansion of Crohn’s Disease Treatment market.
Furthermore, massive preference for symptomatic medicines and treatment over surgeries, effective disease management for inflammatory bowel disorders, and arrival of new drugs will mark a new chapter in the domain of Crohn’s Disease Treatment and will steer the industry trends.
Report Attributes | Report Details |
---|---|
Report Name | Crohn’s Disease Treatment Market |
Market Size in 2023 | USD 13.99 Billion |
Market Forecast in 2032 | USD 21.06 Billion |
Growth Rate | CAGR of 4.2% |
Number of Pages | 110 |
Key Companies Covered | Allergan Inc, Takeda Immune System Suppressors Company Limited, Bayer AG, Novartis International AG, Johnson & Johnson, AbbVie Inc, Boehringer Ingelheim GmbH, F. Hoffmann-La Roche, Bristol-Myers Squibb, GlaxoSmithKline plc, Eli Lilly and Co, Janssen Biotech Inc, Pfizer Inc, and Sanofi |
Segments Covered | By procedures, By drug types and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North American Market To Attain Highest Growth By 2032
The expansion of the Crohn’s Disease Treatment market in North America over 2024-2032 is credited to surge in the number of incidences of disease occurrence witnessed in the region. In addition to this, huge focus of pharma firms on medicine development pertaining to the occurrence of disease in the countries such as the U.S. and Canada will proliferate the expansion of the Crohn’s Disease Treatment industry over the assessment timeline.
Key participants profiled in the study are:
By procedures:
By drug types:
FrequentlyAsked Questions
The key factors driving Crohn's Disease Treatment Market growth include the rising prevalence of the disease, advancements in biologics and novel therapies, and increasing awareness and diagnosis rates.
According to study, the Crohn’s Disease Treatment Market size was worth around USD 13.99 billion in 2023 and is predicted to grow to around USD 21.06 billion by 2032., is set to record a CAGR of nearly about 4.2% during 2024-2032.
North America has been leading the Crohn’s Disease Treatment Market and is anticipated to continue on the dominant position in the years to come.
The key players profiled in the report include Allergan, Inc.; Takeda Immune System Suppressors Company Limited; Bayer AG; Novartis International AG; Johnson & Johnson; AbbVie Inc.; Boehringer Ingelheim GmbH; F. Hoffmann-La Roche; Bristol-Myers Squibb; GlaxoSmithKline plc; Eli Lilly and Co.; Janssen Biotech, Inc.; Pfizer Inc.; and Sanofi.
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