Global Inflammatory Bowel Disease Treatment Market

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  • Type: Common Disease Area
  • Published : March 2021
  • Region: Worldwide
  • Country: Other
  • Report ID : 344

  • Format: PPT, PDF

Global Inflammatory Bowel Disease Treatment Market by Type (Ulcerative Colitis, Crohn’s Disease), By Route of Administration, By Distribution Channel & by Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and Latin America) – Opportunity Analysis, Trends, and Forecasts (2019 – 2028).

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Report Overview

The global inflammatory bowel disease treatment market size was valued at USD 16.9 billion in 2019 and is expected to reach XX million by 2028, registering a CAGR of 4.4% from 2019 to 2028.

Emergence of biosimilars is also one of the major factors governing the overall market. Biosimilars are expected to be less costly than biologics, making them more accessible in developing countries. The expected patent expiration of some of the drugs is one of the factors responsible for the launch of new biosimilars.

For instance, in 2016, the U.S. FDA approved a biosimilar Inflectra, which is similar to Remicade with lower competitive pricing. Remicade, a biologic drug manufactured by Janssen Non-surgical and approved in 1998, is majorly used for the treatment of Crohn’s disease and ulcerative colitis.

Market Drivers

The market for inflammatory bowel disease treatment is growing worldwide due to factors such as the increasing prevalence of ulcerative colitis and Crohn’s disease, advances in medical technology, government support for inflammatory bowel disease treatment research, and the ubiquity of anxiety and depression. Moreover, increasing number of drugs in clinical trial and growing popularity of prebiotic and probiotic foods is likely to spur market growth. However, high capital investments required for drug discovery, unsatisfactory effectiveness of treatment, and stringent drug regulatory policies are restraining the growth of the inflammatory bowel disease treatment market.

Type of Inflammatory Bowel Disease:

Crohn’s disease and ulcerative colitis are two major types of IBDs. Crohn’s disease was the largest segment in 2019 due to increasing prevalence of the condition. According to an article published in the Jobson Medical Information LLC, in 2019, the incidence of CD was found to be around 3.1 to 14.6 cases per 100,000 people every year and the prevalence was approximately 201 cases per 100,000 adults in U.S.

Ulcerative colitis is estimated to be the fastest growing segment over the forecast year owing to presence of strong pipeline products for its treatment. Moreover, increasing involvement of key players in product development related in the field is anticipated to drive the segment. In March 2019, Johnson & Johnson Services Inc. announced new data from its Phase III UNIFI study showing positive results of STELARA in adults suffering from moderate to severe ulcerative colitis.

1. Global Inflammatory Bowel Disease Market Overview………………………………….
A. Market Size
2. Market Growth Drivers……………………………………………………..……………….
A. Rising prevalence of Crohn’s disease and ulcerative colitis
B. Strong pipeline products
C. Increasing geriatric population
D. Involvement of regulatory bodies for funding and designation.
3. Type of Inflammatory Bowel Disease………………………………………………….
A. Crohn’s Disease
B. Inflammatory Bowel Disease
4. Inflammatory Bowel Disease Market Segmentation…………….……………………..
A. By Route of Administration
I. Oral
II. Injectables
B. By Distribution Channel
I. Hospital Pharmacy
II. Retail Pharmacy
III. Online Pharmacy
C. By Geography
I. North America Market Analysis
II. Europe Market Analysis
III. Asia-Pacific Market Analysis
IV. Latin America, Middle-East and Africa Market Analysis
5. Inflammatory Bowel Disease Market Share………………………………………….
A. Key Findings
B. Market Analysis, Insights and Forecast
6. Competitive Landscape………………………………………………………….………..
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………….
A. Pfizer Company overview, Product & Services, Strategies & Financials
B. Johnson & Johnson Company overview, Product & Services, Strategies & Financials
C. AbbVie Inc. Company, Product & Services, Strategies & Financials
8. Potential Growth Opportunities………………………………………………..…………
A. Advancements in Treatment development
B. Untapped markets in developing economies
9. Factors Driving Future Growth…………………………………………………………..
A. Key Industry Developments of Inflammatory Bowel Disease treatment market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Route of Administration:

On the basis of route of administration, the IBD treatment market is segmented into oral route and injectables. Injectables are considered to be the largest segment owing to their efficacy. In addition, emergence of biosimilars such as Inflectra is expected to fuel segment growth. This segment is further divided into IL inhibitors, TNF inhibitors, and anti-integrin. TNF-inhibitors were the largest sub-segment in 2019.

Oral route is estimated to be the fastest growing segment over the forecast period due to presence of strong pipeline products. The oral segment is further segmented into ASAs, corticosteroids, and JAK inhibitors. ASAs dominated the market in 2019 and JAK inhibitors are estimated to be the fastest growing sub-segment over the forecast period.

By Distribution channel:

Based on distribution channel, the inflammatory bowel disease (IBD) treatment market is segmented into hospital pharmacy, retail pharmacy, and online pharmacy. The hospital pharmacy segment, which includes both in-patient and out-patient, dominated the market with a share of 36.6% in 2019. Increasing prevalence of Crohn’s disease and ulcerative colitis has led to an increase in the total number of hospitalizations worldwide.

Online pharmacy is estimated to be the fastest growing segment over the forecast period. The trend of online purchasing and the demand for it is growing due to comfort, flexibility, and convenience, which is increasing the revenue generated by this segment. Moreover, online shopping offers various discounts, which additionally benefit customers. These factors are expected to boost the demand for online pharmacies over the forecast period.

By Region:

North America led the market in 2019 owing to presence of key companies and well-established healthcare infrastructure. The region is projected to maintain its dominance during the forecast years on account of increasing geriatric population base and prevalence of ulcerative colitis and Crohn’s disease.

According to an article published in the Jobson Medical Information LLC, in 2019, the incidence of CD was found to be around 3.1 to 14.6 cases per 100,000 person every year and the prevalence was approximately 201 cases per 100,000 adults in U.S. Asia Pacific is estimated to be the fastest growing regional segment over the forecast period due to rising product approvals.

Top 5 Major Players

Some of the key companies in this market are Johnson & Johnson Services Inc.; Pfizer Inc.; Takeda Pharmaceutical Company Limited; AbbVie Inc.; Celltrion Healthcare Co., Ltd.; CELGENE CORPORATION; COSMO PHARMACEUTICALS; Innovate Biopharmaceuticals; UCB S.A.; and Gilead Sciences. They are majorly focused on regional expansion, strategic agreements, and research and development of novel products.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

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We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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