Crohn’s Disease Market to Record a CAGR of 7.6%, North America to Contribute Majority of Industry Growth: Market.us
Pune, Maharashtra, India, September 15 2022 (Wiredrelease) Prudour Pvt. Ltd –:Crohn’s disease is a type of inflammatory bowel disease that can affect any part of the gastrointestinal tract. Symptoms may include abdominal pain, diarrhea, weight loss, and fatigue. Crohn’s disease is thought to be caused by a combination of genetic and environmental factors. There is no cure for Crohn’s disease, but treatment can help manage symptoms.
Top 5 Pharmaceutical Companies in the Crohn’s Disease Market
The Crohn’s disease market is expected to grow at a CAGR of 7.6% from 2018 to 2026. The global Crohn’s disease market was valued at $4.9 billion in 2018 and is projected to reach $8.1 billion by 2026. Crohn’s disease is a chronic inflammatory condition of the gastrointestinal tract that can lead to abdominal pain, diarrhea, weight loss, and fatigue. There are currently no cure for Crohn’s disease and treatment options are limited to symptom management.
The top 5 pharmaceutical companies in the Crohn’s disease market are AbbVie, Janssen Biotech, Pfizer, Takeda Pharmaceuticals, and UCB. These companies hold a combined market share of over 80%.
Notable trends in Crohn’s disease market include rising preference to symptomatic medications and therapeutic over surgery and the emergence and improvement of better drugs in this market, which is due to substantial money being spent by manufacturers on research and development.
North America is the top region in Crohn’s Disease market. The U.S. (and Canada) are driving the region’s economic growth. Europe trailed North America in market share. Asia Pacific is another attractive region that is projected to grow at an impressive pace.
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Crohn’s Disease Market: Scope of the Report
The market estimates included in the report are based on extensive secondary research as well as primary interviews and in-house reviews. The consideration of Market estimates will be evaluated based on the market’s current market dynamics and the impact of various socio-political and economic factors. In addition to the market overview, which comprises market dynamics the section also includes Porter’s Five Forces Analysis which explains the five forces that are: buyer’s bargaining power, supplier’s bargaining power, the threat of new entrants, threat of substitutes, and degree of competition in the Crohn’s Disease Market.
Market Dynamics
Drivers
Major factors driving the market growth are the increasing incidence of Crohn’s Disease due to changes in lifestyle. Globally, Crohn’s disease incidence has increased by approximately 0.3 percent each year according to data. An increasing literacy rate means that more people will visit hospitals to receive diagnosis and treatment. This will increase market growth. Globally, governments have made significant investments in medical infrastructure to improve the ability of patients to receive treatment. This will contribute to the global growth. The market is also receiving positive stimuli from ongoing research on drug development and treatment procedures.
Restraints
A large portion of the population cannot afford treatment for Crohn’s because it is a chronic condition that can last a lifetime. Market growth has also been slowed by the absence of appropriate treatment and specific drugs.
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Crohn’s Disease Market: Competitive Landscape
Innovation and up-gradation in technologies across various industries are bringing new players to the market. The section contains information regarding the financial revenue and key developments of all the major market competitors. This includes SWOT analysis, product benchmarking, key developments and key developments of any 3-5 top market players. This section allows clients to customize the companies they wish to include.
Examples of some of the major players in the global Crohn’s Disease market are
Abbvie
Amgen
Cambridge Antibody Technology
Janssen Biotech
Pfizer
Tillotts Pharma
Johnson & Johnson
Boehringer Ingelheim
Market Taxonomy
On the basis of product type, the global Crohn’s Disease market is segmented into:
Surgery
Drug Therapy
On the basis of application, the global Crohn’s Disease market is segmented into:
Hospitals
Ambulatory Surgical Centers
Others
Global Crohn’s Disease Market: Geographical Analysis
Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The Market.us Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.
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Countries Covered:
North America: U.S and Canada
Europe: Germany, France, Italy, U.K, Spain, Russia, Rest of Europe
APAC: China, Japan, South Korea, India, Australia, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Mexico
The Middle East And Africa: Saudi Arab, South Africa, UAE
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Growth Formula
Market.us Research developed the growth formula to provide insight to CXOs and stakeholders about the current market. This growth formula makes the report an ideal companion for CXOs and stakeholders.
The growth formula includes the following points:
1. Current Challenges and Future Threats Outlook (2022-2031)
2. Accurate Market Trends and Developments
3. Regional Assessment
4. Industrial Analogy
5. COVID-19 Impact, Russia-Ukraine War Impact, Tension between China and Taiwan
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FREQUENTLY ASKED QUESTIONS
Q1. How big is the Crohn’s Disease market?
Q2. What is the total market worth of Crohn’s Disease market?
Q3. What is the Crohn’s Disease market growth?
Q4. What are the recent trends affecting the Crohn’s Disease market?
Q5. Which segment accounted for the largest Crohn’s Disease market share?
Q6. Who are the key companies/players in the Crohn’s Disease market?
Q7. What are the factors driving the Crohn’s Disease market?
Q8. Which region is expected to project the highest market share in the global Crohn’s Disease market?
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