The Global Crohn’s Disease Market size is anticipated to grow at a CAGR of 3% during the forecast period (2016 to 2022). The Global Crohn’s Disease Market is expected to witness significant growth due to rising awareness about inflammatory bowel and Crohn’s diseases. Crohn’s diseases trigger due to bacterial, environmental and immune factors. Higher preference for symptomatic therapeutic, better treatment of inflammatory bowel diseases, arrival of enhanced drugs and healthier investments in R&D programs are the major factors contributing to the growth of the Crohn’s Disease market. Lack of early diagnosis techniques and High cost of treatment are the major factor restricting the growth of market.
Initiating genetic research into the development and treatment of Crohn’s disease is likely to prove to be a fruitful avenue for market players over the forecast period. Market players could even attempt to collaborate with established research institutions such as institutes and universities to come up with novel research to treat Crohn’s disease. The role played by genetic components in the development of Crohn’s disease is strong; as a result, genetics is likely to play a key role in the development of the antidote to the disease.
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Crohn’s Disease Market Top Key Players:
Leading companies in the Global Market include
• Pfizer Inc.
• Allergan Inc.
• Takeda Pharmaceutical Company Limited
• UCB S.A.
• Perrigo Company plc
• Bayer AG
• AbbVie Inc.
• Ferring B.V.
• Johnson & Johnson Services Inc.
Crohn’s Disease Market Segmentation:
The Global Crohn’s Disease Market is segmented into drugs, procedure and region.
The global market is segmented based on drug include
• Immune system suppressors
• Anti-inflammatory drugs
• Anti-diarrheal drugs
• Pain relievers
the global market is segmented based on procedure include
• Flexible sigmoidoscopy
• Capsule endoscopy
• Double-balloon endoscopy
• Small bowel imaging
• Flexible sigmoidoscopy
• Computed tomography (CT)
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Crohn’s Disease Market Regional Analysis:
The market is segmented based on region into
• NORTH AMERICA
• MIDDLE EAST & AFRICA
North America is leading the global Crohn’s disease market share owing to increasing awareness about Crohn’s disease and rising establishment of genetic research facilities in the America and Canada. Easy linkup between genetic research, large-scale availability of effective medication, day-to-day healthcare sector operations, and the growing spending capacity of consumers in North America are likely to ensure the region’s dominance in the global market forecast to 2022.
Crohn’s disease is more prevalent in developed North American and European economies than in underdeveloped Asian or Latin American countries, leading to the former two regions accounting for the major shares in the global Crohn’s disease market. In Asia Pacific, China is likely to be a major consumer for Crohn’s disease testing and medication over the forecast period.
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