Market Overview
Inflammatory bowel disease (IBD) is a chronic ailment of the digestive system. People who have it have pain in the abdominal region, bloating, and blood in the stool. The goal of medical treatment is to stop the abnormal inflammation and maintain remission. Inflammatory bowel disease is not contagious, although it can cause serious health issues.
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Market Drivers
Increasing prevalence of Crohnโs disease and ulcerative colitis is expected to propel the global inflammatory bowel disease market growth over the forecast period. As per the Centers for Disease Control and Prevention (CDC), in 2015, inflammatory bowel disease, which is either Crohnโs disease or ulcerative colitis, was reported among 1.3% of the U.S. adults that is around 3 million people. As a result of this, the demand for adequate treatment options such as medication, surgical operation, and medical procedures such as enema has increased.
However, high capital investment for drug discovery and stringent regulations on drug approvals are expected to hinder the global inflammatory bowel disease market growth over the forecast period.
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Impact of COVID-19
The outbreak of the COVID-19 pandemic significantly affected growth of the global inflammatory bowel disease market. Since many countries adopted stringent nationwide lockdown policies to curb the virus, manufacturing activities across different sectors were temporarily suspended. Besides, massive disruption in the global supply chain industry led to a slowdown in economic activities across the world. However, declining cases of novel coronavirus and rollout of vaccines are expected to support the market is regaining its lost traction.
Key Takeaways
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The global inflammatory bowel disease market is expected to expand, exhibiting a CAGR of 4.9% over the forecast period. This is owing to increasing adoption of biologics and biosimilar for the treatment of the said disease. For instance, in October 2021, Boehringer Ingelheim received the U.S. Food and Drug Administration (FDA) approval for Cyltezo the first interchange biosimilar product to treat inflammatory diseases such as Crohnโs disease.
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Among regions, North America is expected to witness significant growth in the global inflammatory bowel disease market during the forecast period. This is owing to increasing adoption of novel drugs, and the presence of well-established healthcare infrastructure in the region.
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Key companies involved in the global inflammatory bowel disease market are AbbVie Inc., Pfizer Inc., Eli Lilly and Company, F. Hoffmann-La Roche AG, and Takeda Pharmaceutical Company Limited
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Inflammatory Bowel Disease Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Inflammatory Bowel Disease Industry Impact
Chapter 2 Global Inflammatory Bowel Disease Competition by Types, Applications, and Top Regions and Countries
2.1 Global Inflammatory Bowel Disease (Volume and Value) by Type
2.3 Global Inflammatory Bowel Disease (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Inflammatory Bowel Disease Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Inflammatory Bowel Disease Market Analysis
Chapter 6 East Asia Inflammatory Bowel Disease Market Analysis
Chapter 7 Europe Inflammatory Bowel Disease Market Analysis
Chapter 8 South Asia Inflammatory Bowel Disease Market Analysis
Chapter 9 Southeast Asia Inflammatory Bowel Disease Market Analysis
Chapter 10 Middle East Inflammatory Bowel Disease Market Analysis
Chapter 11 Africa Inflammatory Bowel Disease Market Analysis
Chapter 12 Oceania Inflammatory Bowel Disease Market Analysis
Chapter 13 South America Inflammatory Bowel Disease Market Analysis
Chapter 14 Company Profiles and Key Figures in Inflammatory Bowel Disease Business
Chapter 15 Global Inflammatory Bowel Disease Market Forecast (2021-2027)
Chapter 16 Conclusions
Research Methodology
Continued….
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