Number of pages: 100 | Report Format: PDF | Published date: April 05, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
Report Attribute |
Details |
Market Size Value in 2022 |
US$ 11.88 billion |
Revenue Forecast in 2031 |
US$ 16.90 billion |
CAGR |
4% |
Base Year for Estimation |
2022 |
Forecast Period |
2023-2031 |
Historical Year |
2021 |
Segments covered |
Type, Drug Type, Distribution Channel, and Region |
Regional scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global Crohn's disease treatment market was valued at US$ 11.88 billion in 2022 and is expected to register a revenue CAGR of 4% to reach US$ 16.90 billion by 2031.
Crohn's Disease Treatment Market Fundamentals
Crohn's disease is an inflammatory bowel disease (IBD) that causes chronic inflammation in the digestive tract. It can affect any part of the gastrointestinal tract, from the mouth to the anus, but most commonly affects the small intestine and the colon. Crohn's disease causes inflammation and ulcers in the lining of the digestive tract, leading to various symptoms. Some of Crohn's disease symptoms include abdominal pain, diarrhea, fatigue, weight loss, and malnutrition. The disease can also cause complications, such as strictures, fistulas, and abscesses. The exact cause of Crohn's disease is unknown, but it is believed to be related to genetic, environmental, and immune system factors. While there is no cure for Crohn's disease, treatment options are available to manage symptoms and reduce inflammation, and most people with the disease can live active and productive lives.
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Crohn's Disease Treatment Market Dynamics
Crohn's disease is increasing worldwide, which is a significant driver of the market. Much research and development is occurring in the Crohn's disease treatment market. New therapies are being developed, and existing drugs are being improved. Several promising drugs are in the pipeline for treating Crohn's disease, including biosimilars and novel drugs. These drugs have the potential to improve outcomes for patients. Moreover, the rise in the adoption of novel treatment options, such as biologics, has revolutionized the treatment of Crohn's disease. Biologics work by targeting specific molecules in the immune system that are responsible for inflammation. These drugs effectively treat Crohn's disease, and many new biologics are currently in development. With the advent of precision medicine, treatments for Crohn's disease are becoming more personalized. Physicians use genetic testing and other biomarkers to tailor treatment plans to individual patients. This approach has the potential to improve patient outcomes and reduce healthcare costs.
The global Crohn's disease treatment market revenue share is expected to continue growing during the forecast period, driven by advancements in research and the development of new therapies. The demand for the Crohn's disease treatment market is also expected to benefit from the increasing focus on personalized medicine, which involves tailoring treatments to individual patients based on their specific genetic and biological characteristics. However, there is still a significant unmet need for more effective and safe treatments, which presents an opportunity for drug developers to innovate and improve patient outcomes.
The market is competitive, with several major pharmaceutical companies, including AbbVie Inc., Janssen Biotech, Inc., Takeda Pharmaceutical Company Limited, and Pfizer Inc., holding significant Crohn's disease treatment market revenue share. There are also several smaller companies and startups developing new treatments for Crohn's disease, contributing to the Crohn's disease treatment market revenue growth.
As awareness of Crohn's disease and IBD grows, more people are being diagnosed with the condition. This is leading to increased demand for treatment options. Healthcare spending is increasing globally, benefiting Crohn's disease treatment market growth. Patients are willing to spend more on treatments to improve their quality of life and reduce symptoms. Many new drugs for Crohn's disease are being developed in oral formulations. This is a significant development as many existing treatments are administered by injection or infusion, which can be inconvenient for patients. Thus, this trend is also expected to boost Crohn's disease treatment market growth. However, the medications used to treat Crohn's disease can have significant side effects, including increased risk of infections, liver damage, and risk of certain types of cancer, which is restricting the Crohn's disease treatment market demand. The cost of treatment for Crohn's disease can be very high, particularly for biological therapies, which is also hindering the Crohn's disease treatment market growth.
Crohn's Disease Treatment Market Ecosystem
The global Crohn's disease treatment market is analyzed from four perspectives: type, drug type, distribution channel, and region.
Crohn's Disease Treatment Market by Type
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Based on the type, the global Crohn's disease treatment market is segmented into ileocolitis, ileitis, gastroduodenal Crohn's disease, jejunoileitis, and Crohn's colitis.
The ileocolitis segment accounted for the largest Crohn's disease treatment market share. Ileocolitis is the most common subtype of Crohn's disease. Ileocolitis can be a particularly severe form of Crohn's disease, with symptoms including abdominal pain, diarrhea, and rectal bleeding. As a result, patients with ileocolitis may require more aggressive treatment, including medications such as biologics and immunosuppressants. Due to the high prevalence and severity of ileocolitis, significant research has focused on developing new treatments for this disease. This has led to the development of several therapies specifically targeted at ileocolitis, which has further contributed to its dominance in the Crohn's disease treatment market revenue.
Crohn's Disease Treatment Market by Drug Type
Based on the drug type, the global Crohn's disease treatment market is segmented into antibiotics, aminosalicylates, corticosteroids, immunomodulators, and others.
The immunomodulators segment accounted for a significant market revenue share in 2022 because immunomodulators are often combined with other medications, including biologics. Biologics and immunomodulator medications can provide a synergistic effect that reduces inflammation and improves symptoms more effectively than either medication alone. Immunomodulators are often used as maintenance therapy for patients with Crohn's disease, meaning that they are taken regularly to prevent disease relapse. This is particularly important for patients who have achieved remission with other medications, as immunomodulators can help maintain that remission over the long term. Steroids are often used to reduce inflammation in the short term, but they can have significant side effects when used over the long term. Using immunomodulators in combination with other medications can reduce the need for steroids, improving treatment outcomes and reducing side effects. Moreover, immunomodulators are cost-effective, which is also propelling segmental revenue growth.
Crohn's Disease Treatment Market by Distribution Channel
Based on the distribution channel, the global Crohn's disease treatment market is segmented into hospitals, pharmacies, retail pharmacies, and online pharmacies.
The hospital's pharmacy segment dominated the market with the largest market revenue share in 2022. Hospitals are often the first point of care for patients with severe or complicated cases of Crohn's disease. Hospital pharmacies play a critical role in providing medications to patients who require hospitalization and managing the complex drug regimens that are often necessary to treat Crohn's disease. The medications used to treat Crohn's disease are specialty medications that require careful handling and storage. Hospital pharmacies are equipped to manage these medications and ensure that they are stored and administered to maintain their efficacy and safety. Hospital pharmacies play a critical role in coordinating care for patients with Crohn's disease. This includes working with physicians and other healthcare providers to ensure that patients receive the appropriate medications at the right time and that medication regimens are adjusted to optimize treatment outcomes.
The online pharmacy segment has the fastest revenue growth rate in terms of the Crohn's disease treatment market during the forecast period. Patients with Crohn's disease often require ongoing treatment and monitoring, which can be time-consuming and inconvenient. Online pharmacies offer the convenience of ordering medication from the comfort of their own homes, eliminating the need to travel to a physical pharmacy. Online pharmacies often offer lower prices than traditional brick-and-mortar pharmacies. This can be especially important for patients with chronic conditions like Crohn's disease, who may require ongoing medication.
Crohn's Disease Treatment Market by Region
Based on region, the global Crohn's disease treatment market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
North America accounts for the largest market revenue share in the global Crohn's disease market. The rising prevalence of inflammatory bowel disease (IBD) in the region is increasing the demand for effective treatment. According to the Centers for Disease Control and Prevention, an estimated 3.1 million adults, which accounts for 1.3% of the U.S., have been diagnosed with inflammatory bowel disease (IBD), which includes Crohn's disease and ulcerative colitis. North America has a highly advanced healthcare infrastructure, well-developed healthcare systems, and a high level of government and non-government organizations investment. Many medications used to treat Crohn's disease are specialty medications that require careful handling and storage. North America has a well-developed system for distributing and managing specialty medications, ensuring patients can access the needed medications. North America has some of the highest healthcare spendings in the world, which allows for a high level of investment in medical research and development related to new treatments and therapies for Crohn's disease. The presence of the major players in the region and favorable reimbursement policies are also fueling regional revenue growth.
Competitive Landscape of Crohn's Disease Treatment Market
The prominent players operating in the global Crohn's disease treatment market are:
Strategic Developments in the Global Crohn's Disease Treatment Market
The expected size of the global Crohn's disease treatment market in 2031 is US$ 16.90 billion.
Region-wise, North America has the largest market revenue share, followed by Europe, and Asia Pacific is expected to be the fastest-growing region during the forecast period.
The expected revenue CAGR of the global Crohn's disease treatment market is 4%.
The ileocolitis segment dominates the global Crohn's disease treatment market in terms of revenue share.
The side effects related to the medication and high costs are some restricting factors of the global market revenue.
*Insights on financial performance are subject to the availability of information in the public domain