IBD (Ulcerative Colitis and Crohn’s Disease) Treatment Market Players See Strong Demand for TNF Inhibitors, TMR Report Notes

  • The IBD (ulcerative colitis and Crohn’s disease) treatment market is expected to exceed a value of US$34.22 billion by 2031
  • Rise in Ulcerative Colitis Cases Globally Opens Growth Opportunities in IBD (Ulcerative Colitis and Crohn’s Disease) Treatment Market

WILMINGTON, Del., July 20, 2022 /PRNewswire/ — A research report by Transparency Market Research (TMR) predicts that the global IBD treatment market will grow at a CAGR of 6.8% during the forecast period from 2022 to 2031.

Several manufacturers of treatments for IBD (ulcerative colitis and Crohn’s disease) offer attractive reimbursement plans to support healthcare costs. Such initiatives should have a positive impact on patients’ feelings regarding the effective treatment of this disease. This factor, in turn, is expected to drive the demand for IBD (ulcerative colitis and Crohn’s disease) treatment solutions in the coming years.

Doctors around the world are inclined to prescribe TNF inhibitors for the treatment of moderate to critical ulcerative colitis. As a result, R&D investments focused on TNF inhibitors have increased, analysts note in a TMR report on the IBD (ulcerative colitis and Crohn’s disease) treatment market.

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IBD (Ulcerative Colitis and Crohn’s Disease) Treatment Market: Key Findings

  • The number of patients worldwide suffering from Inflammatory Bowel Disease (IBD) is increasing globally in recent years. This factor opens notable growth prospects for the IBD (ulcerative colitis and Crohn’s disease) treatment market.
  • The global IBD (ulcerative colitis and Crohn’s disease) treatment market is driven by factors such as increasing approvals of new biologic drugs for IBD and increasing usage of IBD treatment solutions in several emerging economies. Thus, the IBD (ulcerative colitis and Crohn’s disease) treatment market is expected to be valued at more than US$34.22 billion by 2031.

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IBD (Ulcerative Colitis and Crohn’s Disease) Treatment Market: Growth Boosters

  • Rising prevalence of ulcerative colitis in many developed and developing countries is driving sales growth in IBD (ulcerative colitis and Crohn’s disease) treatment market
  • The surge in adoption of TNF inhibitors due to their high level of efficacy, improved therapeutic outcomes and safety is driving the sales growth in the market
  • The growing propensity of people to use biosimilar or biologic drugs is expected to create opportunities in the IBD (ulcerative colitis and Crohn’s disease) treatment market

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IBD (Ulcerative Colitis and Crohn’s Disease) Treatment Market: Regional Analysis

  • The market for the treatment of IBD (ulcerative colitis and Crohn’s disease) in North America is expected to maintain its dominance over the forecast period due to an increase in the prevalence of Crohn’s disease and ulcerative colitis in Canada and the United States. Additionally, the regional market is expected to grow at a steady pace owing to the presence of strong healthcare infrastructure and rising incidence of lifestyle disorders among the people of North America.
  • The market in Latin America and Middle East & Africa is expected to increase at a notable CAGR during the forecast period owing to an increase in the number of IBD patients across the regions. Additionally, the market in these regions is expected to grow owing to the growing focus of regional market players on the development of next-generation therapies.

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IBD (Ulcerative Colitis and Crohn’s Disease) Treatment Market: Key Players

Some of the key players profiled in the report are:

  • Janssen Biotech, Inc. (Johnson & Johnson)
  • Pfizer, Inc.
  • Allergan AG
  • Health Companies, Inc.
  • AbbVie, Inc.
  • Takeda Pharmaceutical Company Limited
  • UCB, Inc.
  • Novartis AG
  • Biogene, Inc.

IBD (ulcerative colitis and Crohn’s disease) treatment market segmentation

  • Drug class
    • TNF inhibitors
    • Aminosalicylates
    • Integrin antagonists
    • Corticosteroids
    • Others
  • Indication of the disease
    • Ulcerative colitis
    • Crohn’s disease
  • Distribution channel
    • Hospital pharmacies
    • Retail pharmacies
    • Online pharmacies
  • Regions covered
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East & Africa

Modernization of healthcare in terms of infrastructure and services has pushed the healthcare industry to new heights, stay updated with Latest Healthcare Research Reports by Transparency Market Research:

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About Transparency Market Research

Transparency Market Research, a global market research firm registered in Wilmington, Delaware, United States, provides personalized research and consulting services. Our proprietary blend of quantitative forecasting and trend analysis delivers forward-looking insights to thousands of decision makers. Our experienced team of analysts, researchers and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With broad research and analytical capability, Transparency Market Research uses rigorous primary and secondary research techniques to develop distinctive datasets and research material for trade reports.

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