Crohn’s Disease (CD) Treatment Market Future Opportunities, Revenue Growth, Pricing And Profitability 2023 to 2033
The global Crohn's Disease (CD) Treatment Market is anticipated to be valued at US$ 11.68 billion by the end of 2023. According to Future Market Insights, the market will grow at a 4.3% CAGR from 2023 to 2033, reaching a market value of around US$ 17.8 billion by the end of 2033.
The incidence of ulcerative colitis and Crohn's disease is on the rise,
which is a significant factor driving the growth of the global market for
treatments for the condition. A few other factors that should be considered
when creating a Crohn's disease therapy to support market expansion are the
increasing prevalence of the disease and the growing awareness of it worldwide.
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The availability of drugs to manage the symptoms of inflammatory bowel
disease, such as adalimumab, infliximab, certolizumab, and golimumab, also
contributes to the market's expansion. Also, according to an article from NCBI
2020, ulcerative colitis is thought to affect 9 to 20 people per 100,000 people
year, with 156 to 291 instances occurring in the regions of North America and
Europe. Therefore, increasing ulcerative colitis instances result in increased
demand for Crohn's disease treatments, which in turn propels the expansion of
the Crohn's disease medications market.
The development of new therapeutic approaches for various Inflammatory
Bowel Diseases (IBD) like ulcerative colitis and crohn's disease through key
players' collaborations is expected to increase the adoption of inorganic
strategies within the global market for treating crohn's disease over the
course of the forecast period. For example, the Crohn's & Colitis
Foundation and Inotrem, a biotech company in advanced clinical stages that
specializes in immune checkpoint inhibitors for chronic as well as acute
inflammatory syndromes, declared a scientific and technological collaboration
agreement in April 2022 to support the development of a novel therapeutic
strategy for Crohn's disease. Such developments are anticipated to open up new
opportunities in the global market for Crohn’s disease treatment during the
forecast period.
Key Takeaways from the Market Study
- The Crohn's
disease treatment market expanded historically between 2018 and 2022 at a
CAGR of 3.2%.
- More than $11.2
billion is presently spent on treating Crohn's disease globally.
- Immunomodulators
are predicted to lead the medication type sector in 2023 with a 53%
revenue share.
- The hospital
pharmacy sector by distribution channel will maintain the second-largest
segment during the anticipated period, with a global market share of 27.3%
in 2023.
- From 2023 to
2033, the North American region is expected to expand at a constant CAGR
of 4.9%.
- From 2023 to
2033, the Asia Pacific Crohn's Disease Treatment Market is anticipated to
expand at a stable CAGR of 3.6%.
“The increasing prevalence of ulcerative colitis and Crohn’s disease
along with innovative pipeline of biological therapies and medications are
expected to accelerate the growth during the forecast period,” comments a
Future Market Insights analyst.
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Competitive Landscape
Some of the top players in the global intraocular lymphoma disease market
are:
- Abbvie Inc.
- Celgene
Corporation
- Genetech
- Johnson &
Johnson
- Pfizer
- Prometheus
Laboratories Inc. (Nestle)
- Salix
Pharmaceuticals Inc.
- Takeda's
Pharmaceutical Ltd
- Janssen
Pharmaceuticals
- Biogen
- AstraZeneca
Some of the recent developments in this domain are:
- In 2022, AbbVie
said that SKYRIZI® (risankizumab-rzaa) has received FDA approval to be
used in the management of moderately to highly active Crohn's disease. The
interleukin-23 (IL-23) inhibitor SKYRIZI binds to the p19 component of
IL-23 to specifically inhibit it. A variety of chronic immune-mediated
disorders, including Crohn's disease, are suspected to be related to
IL-23, a cytokine implicated in inflammatory processes.
- Tiziana Life
Sciences, a biotechnology firm that enables breakthrough immunotherapies
through innovative modes of monoclonal antibody administration, announced
the start of a Phase 1b clinical study in 2022 to test foralumab
enteric-coated capsules orally delivered in people who have mild to
moderate Crohn's Disease (CD). A unique method of inducing an
anti-inflammatory immune reaction by site-targeted immunomodulation in the
intestine is oral administration of foralumab.
Key Segments Covered in the Crohn's Disease Treatment Market Report
By Drug Type:
- Antibiotics
- Amino
Salicylates
- Corticosteroids
- Immunomodulators
- Others
By Distribution Channel:
- Hospital Pharmacies
- Retail
Pharmacies
- Online
Pharmacies
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