Crohn’s Disease Treatment Market report offers Market Size, Dynamics, Regional Market Share, Top Key Players, Latest trends, Growth factors, Industry Stats, Historic Market, Business Intelligence, Business Research Reports, Competitive Intelligence 2013 to 2017 and Forecast 2018 to 2024
The prime driver for Crohn’s ailment treatment showcase is increment in number of individuals being tainted by the infection. What’s more, increment sought after for biologics and high neglected needs inside the counter TNF recalcitrant patient gathering that presents undiscovered market openings. Solid pipeline and novel components to treat Crohn’s infection are fuelling the development of Crohn’s sickness treatment showcase. Nonetheless, patent expiry of the key medications and high cost of treatment is relied upon to hamper the Crohn’s illness treatment showcase all inclusive. High R&D venture for advancement of natural medications and obscure etiology of the Crohn’s illness additionally ruining the market development.
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Global Crohn’s disease treatment market is segmented based on, drug class and distribution channel
Based on drug class, Crohn’s disease treatment market is segmented into
- Antibiotics
- Anti-Diarrheal
- Immune System Suppressants
- Analgesics
- Anti-Inflammatory Drugs
- Monoclonal Antibodies
Based on distribution channel, Crohn’s disease treatment market is segmented into
- Hospital Pharmacy
- Retail Pharmacy
- Others
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Crohn’s disease treatment market is expected to grow at a significant rate during the forecast period. Growth in biologics development unfolded the opportunities for the new market players as they are most commonly used in Crohn’s disease treatment. Market players are focusing on to develop new products that can treat Crohn’s disease. For instance, mongersen, is investigational therapy for the treatment of crohn’s disease, is being developed by Celgene Corporation in phase 3 clinical trials. Considering the foreseen factors Crohn’s disease treatment market is projected to have a lucrative opportunity for market players.
Geographically Crohn’s disease treatment market is divided into five key regions, i.e. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America expected to contribute major share owing to increase in R&D activity and biologics approval to treat autoimmune disease. Furthermore, increase in prevalence and incidence of the Crohn’s disease are expected to drive the growth of the market. According to Crohn’s and Colitis Foundation of America 700,000 have crohn’s diseases in between 1992-2004, and 74% increase in doctor office visits due to crohn’s disease. Asia-Pacific region is expected to create significant growth opportunities for the market players owing to develop infrastructure, R&D activities related to biologics and increase in prevalence of Crohn’s disease in the region. Developing countries such as India and China expected to show the fastest growth owing to increase in R&D investment and healthcare expenditure in these countries
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Some of the market players in Crohn’s disease treatment market are Allergan, Inc. (U.S.), AbbVie Inc., (U.S.), Takeda Pharmaceutical Company Limited (Japan), Bayer AG (Switzerland), UCB S.A. (Belgium), Perrigo Company plc (Ireland), Pfizer Inc. (US), Johnson & Johnson Services, Inc. (US), and Ferring B.V. (Switzerland) to name a few
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