Global Crohn's Disease Therapeutics Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Drug Type;

Antibiotics, Amino Salicylates, Corticosteroids, Immunomodulators, and Others.

By Distribution Channel;

Hospital Pharmacies, Online Pharmacies, and Retail Pharmacies.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn107205929 Published Date: November, 2024 Updated Date: December, 2024

Introduction

Global Crohn's Disease Therapeutics Market (USD Million), 2020 - 2030

In the year 2023, the Global Crohn's Disease Therapeutics Market was valued at USD 6,286.21 million. The size of this market is expected to increase to USD 7,574.99 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 2.7%.

The COVID-19 pandemic has brought attention to the complexities of managing inflammatory bowel disease (IBD) such as Crohn's disease, as patients with IBD are at an increased risk of adverse outcomes from COVID-19 due to age and comorbidities. Studies indicate that can activate immune responses in the gastrointestinal tract, potentially exacerbating inflammatory reactions and causing intestinal damage in IBD patients. Moreover, IBD patients undergoing immune suppressive therapy face a greater risk of infections, although there is no evidence suggesting they are more susceptible to than the general population. The prevalence of gastrointestinal complaints in patients further underscores the need for effective diagnostics and therapeutics for Crohn's disease to manage potential complications arising from the virus.

The growing incidence of Crohn's disease globally serves as a key driver for market growth. Reports from the Centers for Disease Control and Prevention (CDC) highlight a significant increase in the prevalence of IBD, affecting approximately 7 million individuals worldwide. Moreover, the prevalence of chronic health conditions is notably higher among IBD patients compared to non-IBD individuals, leading to increased hospitalizations and healthcare resource utilization. Particularly, older patients with IBD face heightened risks of hospitalization for conditions such as hip fractures, necessitating focused efforts on IBD treatment to mitigate such outcomes and drive market development.

Increasing awareness of Crohn's disease and concerted efforts by regulatory authorities to foster the development of innovative treatment options contribute to the market's growth potential. Heightened awareness campaigns and educational initiatives aim to improve disease understanding among healthcare providers and patients, leading to earlier diagnosis and intervention. Regulatory support for research and development initiatives fosters the exploration of novel therapeutic approaches, offering promising avenues for market expansion and addressing unmet needs in Crohn's disease management. These factors collectively contribute to the market's anticipated growth trajectory during the forecast period.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Drug Type
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Crohn's Disease Therapeutics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Prevalence of Crohn's Disease
        2. Advancements in Treatment Options
        3. Growing Research and Development Activities
      2. Restraints
        1. Limited Understanding of Disease Mechanisms
        2. High Cost of Treatment
        3. Adverse Effects and Safety Concerns
      3. Opportunities
        1. Personalized Medicine Approaches
        2. Oral Targeted Therapies
        3. Novel Drug Delivery Systems
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Crohn's Disease Therapeutics Market, By Drug Type, 2020 - 2030 (USD Million)
      1. Antibiotics
      2. Amino Salicylates
      3. Corticosteroids
      4. Immunomodulators
      5. Others
    2. Global Crohn's Disease Therapeutics Market, By Distribution Channel, 2020 - 2030 (USD Million)
      1. Hospital Pharmacies
      2. Online Pharmacies
      3. Retail Pharmacies
    3. Global Crohn's Disease Therapeutics Market, By Geography, 2020 - 2030 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. AbbVie, Inc.
      2. Janssen Biotech, Inc.
      3. Allergen, Inc.
      4. Bayer AG, Bristol Myers Squibb
      5. Boehringer Ingelheim GmbH
      6. Pfizer, Inc.
      7. F-Hoffmann La Roche
      8. Eli Lily and Company
      9. GlaxoSmithKline Plc
      10. Novartis AG, Sanofi S.A.
      11. Takeda Pharmaceutical Company Limited
  7. Analyst Views
  8. Future Outlook of the Market