Forecasted Growth Rate of the Inflammatory Bowel Disease Treatment Market
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As outlined in The Business Research Company’s Inflammatory Bowel Disease Treatment Global Market Report 2023, the global market size for inflammatory bowel disease treatment increased from $20.39 billion in 2022 to $21.3 billion in 2023, achieving a compound annual growth rate (CAGR) of 4.5%. Projections suggest that the size of the inflammatory bowel disease treatment market will reach $25.74 billion by 2027, with a CAGR of 4.8%.
Inflammatory bowel disease treatment involves the use of anti-inflammatory medications commonly utilized for mild to moderate ulcerative colitis. Examples of anti-inflammatories include aminosalicylates such as mesalamine (Delzicol, Rowasa, and other brands), balsalazide (Colazal), and olsalazine (Dipentum).
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Inflammatory Bowel Disease Treatment Market Driver
The increasing prevalence of Crohn’s disease and ulcerative colitis plays a substantial role in driving the inflammatory bowel disease treatment market. These diseases are types of inflammatory bowel diseases (IBD) causing inflammation and ulcers in the digestive tracts. The rise in cases of Crohn’s disease and ulcerative colitis is expected to enhance the demand for inflammatory bowel disease treatments, as they are commonly used to alleviate bowel inflammation, minimize complications, and prevent them.
Inflammatory Bowel Disease Treatment Market Trends
A significant trend in the inflammatory bowel disease treatment market is the adoption of technological advancements. Major players in the market are directing their efforts towards utilizing technology such as artificial intelligence (AI) for drug discovery processes and introducing innovative inflammatory bowel disease treatments. Collaboration between key players and technology companies to leverage each other’s expertise and technology is instrumental in the development of novel treatments and strengthening their market position.
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Major Players and Regions in the Inflammatory Bowel Disease Treatment Market
Prominent participants in the inflammatory bowel disease treatment market include AbbVie Inc., Biogen, Johnson & Johnson, Amgen Inc., UCB SA, Novartis AG, Takeda Pharmaceutical Company Limited, Merck & Co, Pfizer Inc., Abbott Laboratories, and Janssen Biotech Inc.
In 2022, North America held the distinction of being the largest region in the inflammatory bowel disease treatment market.
Inflammatory Bowel Disease Treatment Market Segmentation By The Business Research Company
1) By Drug Class: Aminosalicylates, Corticosteroids, TNF inhibitors, IL inhibitors, Anti-integrin, JAK inhibitors, Other Drug Classes
2) By Type: Crohn’s Disease, Ulcerative Colitis
3) By Route of Administration: Oral, Injectable
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy
The Table Of Content For The Inflammatory Bowel Disease Treatment Market Include:
1. Inflammatory Bowel Disease Treatment Market Executive Summary
2. Inflammatory Bowel Disease Treatment Market Segments
3. Inflammatory Bowel Disease Treatment Market Size And Inflammatory Bowel Disease Treatment Market Growth Rate
4. Key Inflammatory Bowel Disease Treatment Market Trends
5. Major Inflammatory Bowel Disease Treatment Market Drivers
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25. Key Mergers And Acquisitions In The Inflammatory Bowel Disease Treatment Market
26. Top Inflammatory Bowel Disease Treatment Companies
27. Inflammatory Bowel Disease Treatment Market Opportunities And Strategies
28. Inflammatory Bowel Disease Treatment Market, Conclusions And Recommendations
29. Appendix
The Inflammatory Bowel Disease Treatment Market Global Market Report 2023 encompasses regional insights into key drivers, opportunities, and strategies for Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The report features market size and forecast market shares for all regions and countries concerning major players within the inflammatory bowel disease treatment market.
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