The Global Crohn’s Disease Market is expected to exhibit a solid 3% CAGR over the forecast period from 2016 to 2022. The Global Crohn’s Disease Market is mainly driven by the growing awareness about Crohn’s and other inflammatory bowel diseases
Global Crohn’s Disease Market – Key Players
Key players profiled in the report are
- Allergan, Inc.
- AbbVie Inc.
- Takeda Pharmaceutical Company Limited
- Bayer AG
- UCB S.A.
- Perrigo Company plc.
- Pfizer Inc.
- Johnson & Johnson Services, Inc.
- Ferring B.V.
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Crohn’s Disease Market – Overview
Crohn’s disease is an inflammatory bowel disease that can affect any part of the gastrointestinal tract. Around 1.4 million Americans suffer from either Crohn’s disease or ulcerative colitis, signifying its growing prevalence and threat. The growing awareness about inflammatory bowel diseases is likely to be a major driver for the global Crohn’s disease market over the forecast period.
The increasing demand for biologics to treat Crohn’s disease is likely to be a prominent feature of the global Crohn’s disease market over the forecast period. Biologics offer a more comprehensive solution to the incidence of Crohn’s disease, including safer action and more effective eradication of the disease. Increasing interest in biologics and their high potential in curing a number of diseases has resulted in a growing demand for biologics for the treatment of Crohn’s disease.
On the other hand, the high cost of current treatments has held back the global Crohn’s disease market and is likely to remain a significant restraint on the market in the short term, till biologics can be developed on an industrial scale and brought into mass circulation.
Crohn’s Disease Market – Segmentation
Global Crohn’s Disease Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding.
By Procedures: Comprises – Colonoscopy, Flexible Sigmoidoscopy, Magnetic Resonance Imaging (MRI), Computerized Tomography (CT), Capsule Endoscopy, and Small Bowel Imaging & Double-Balloon Endoscopy among others.
By Drug Types: Anti-Diarrheal, Antibiotics, Immune System Suppressors, Anti-Inflammatory Drugs Pain Relievers among others.
By Regions: North America, Europe, APAC and Rest of the World.
Global Crohn’s Disease Market – Regional Analysis
North America accounts for the largest market share of the global Crohn’s Disease Market followed by the Europe & Asia Pacific regions. The North America market is growing due to the largest contribution from the significantly growing market of the US.
On the other hand, growth of the world’s second largest market for Crohn’s Disease, (Europe) is driven by the higher per capita income and strong healthcare penetration in the region.
While Asia Pacific Crohn’s Disease Market is expected to perceive an exponential growth. The market growth will be led by China and India owing to the huge population and the low cost of Crohn’s drugs.
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