Inflammatory Bowel Disease Drugs Market By Type (Ulcerative Colitis, Crohns Disease), By Drug Class (TNF inhibitors, Corticosteroids, Aminosalicylates, JAK inhibitors, Anti-integrin, IL inhibitors, Others), By Distribution Channel (Hospital Pharmacy, Drug Store and Retail Pharmacy, Online Pharmacy): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global inflammatory bowel disease drugs market was valued at $20,988 million in 2021 and is projected to reach $34.513.56 million by 2031 registering a CAGR of 5.1% from 2022 to 2031.
Inflammatory bowel disease is a group of disorders that causes chronic inflammation in the intestine and it is a type of gastrointestinal disease. It includes ulcerative colitis and Crohn’s disease, and both these types of diseases effect on digestive system. The prolonged inflammation of these diseases leads to damage of the gastrointestinal tract. The ulcerative colitis causes inflammation to the large intestine in the digestive tract and causes other non-digestive problems. Whereas, Crohn’s disease causes inflammation in any part of the digestive tract and it mainly affects the end part of the small intestine.
The main factors that foster the growth of the inflammatory bowel disease drugs market are alarming increase in number of chronic inflammatory bowel diseases, rise in government initiatives for development of pharmaceutical industry, and increase in number of approvals for ulcerative colitis drugs. In addition, according to the survey conducted by Marc D Basson on Ulcerative Colitis, in 2019, about one million people were affected with UC. Moreover, as per Crohn’s and Colitis Foundation (CCFA), in 2020, around 70,000 cases of inflammatory bowel disease were diagnosed in the U.S. Thus, rise in number of cases of ulcerative colitis disease drives the growth of the market. Furthermore, according to the European Federation of Crohn’s and Ulcerative Colitis Associations (EFCCA), there were around 10 million people suffering from inflammatory bowel disease in 2020 across the world and about 3.4 million in Europe. Furthermore, ECCFA has collaborated with Medscape to conduct training session on biosimilars for the treatment of inflammatory bowel disease. Thus, factors such as rise in prevalence of inflammatory bowel disease and collaboration among private institutions to develop new solutions for the treatment of the diseases propels the growth of the market.
In addition, increase in approval of biosimilars such as Inflectra, Imraldi, and Hyrimoz is expected to rise the adoption of effective treatment. In addition, the presence of other drugs such as IXFI which is launch by Pfizer Inc. and Cyltezo by Boehringer Ingelheim is expected to fuel the growth of the market. For instance, in September 2019, Janssen Biotech Inc. has received an FDA approval for its STELARA (ustekinumab) drug for the treatment of ulcerative colitis. STELARA is the first approved drug for ulcerative colitis which targets interleukin-12 and interleukin-23 cytokines. The interleukin-12 and interleukin-23 cytokines plays an important role in inflammatory and immune disease responses. It provides improvement of the intestinal tract as assessed by a novel histologic endoscopic mucosal improvement endpoint. In addition, in February 2022, Johnson & Johnson has introduced the safety and efficacy of Tremfya drug which is currently approved for the treatment of psoriasis but now it pushes to use for the treatment of Crohn’s and ulcerative colitis. Thus, increase in approval of biologics and biosimilars for the treatment of Crohn’s disease and ulcerative colitis by key players contribute towards the growth of the market.
In Western World, it was reported that there were increase in incidences of inflammatory bowel disease by about 0.6% out of the overall population in Canada. The prevalence of inflammatory bowel disease is increasing rapidly in developed countries. Moreover, in recent years the metagenomics research, bio-information analysis technology has begun to emerge in medical research field which contribute to inflammatory bowel disease treatment research greatly. Thus, rise in new trends in the treatment of inflammatory bowel disease drives the growth of the market. According to the Indian Journal of Medical Research, in 2021, the prevalence of inflammatory bowel disease has increasing due to lack of hygiene. The study shows that around 200 Crohn’s disease patients from Vellore, India. Thus, rise in issues regarding to personal hygiene drives the growth of the market. Moreover, development of pharmaceutical industries and improvement in healthcare spending are anticipated to drive the growth of the inflammatory bowel disease drugs market. Presently, people are more aware of health, which, in turn, compels them to maintain their health condition and increase the demand for treatment of ulcerative colitis drugs. This has encouraged many key players to enter emerging market, thus offering lucrative growth opportunities in the inflammatory bowel disease drugs market.
The cause of inflammatory bowel disease is known to involve an interaction between genes, the immune system, and environmental factors. Smoking is a factor that is consistently associated with inflammatory bowel disease. For instance, according to Indian Journal of Medical Research in 2021, there were 65% prevalence of smoking in Asians. Thus, increase in frequency of smoking increases the risk of ulcerative colitis, which is expected to contribute toward the growth of the inflammatory bowel disease drugs market. However, patent expiry and availability of alternative surgery option for inflammatory bowel disease treatment restrict the market growth. Presently, people are more aware of health, which, in turn, compels them to maintain their health condition and increase demand for treatment of ulcerative colitis drugs and Crohn’s disease drugs .This has encouraged many key players to enter emerging market, thus offering lucrative growth opportunities in the inflammatory bowel disease drugs market.
The inflammatory bowel disease drugs market is studied across type, drug class, and distribution channel. On the basis of type, the market is segmented into ulcerative colitis, and Crohn’s disease. By drug class, the market is fragmented into TNF inhibitors, Corticosteroids, Aminosalicylates, JAK inhibitors, Anti-integrin, IL inhibitors, and others. By distribution channel, it is categorized into hospital pharmacy, retail pharmacy and online pharmacy. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players mentioned in the report are AbbVie Inc., Bristol Myers Squibb, Celltrion Healthcare, Eli-Lilly, Johnson & Johnson Services Inc., Merck & Co, Inc., Novartis AG, Pfizer Inc., Takeda Pharmaceutical Company Ltd., and UCB S.A
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the inflammatory bowel disease drugs market analysis from 2021 to 2031 to identify the prevailing inflammatory bowel disease drugs market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the inflammatory bowel disease drugs market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global inflammatory bowel disease drugs market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Ulcerative Colitis
Crohns Disease
By Drug Class
TNF inhibitors
Corticosteroids
Aminosalicylates
JAK inhibitors
Anti-integrin
IL inhibitors
Others
By Distribution Channel
Hospital Pharmacy
Drug Store and Retail Pharmacy
Online Pharmacy
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Takeda Pharmaceutical Company Limited
AbbVie Inc.
Pfizer Inc.
UCB S.A.
Johnson & Johnson Services, Inc.
Novartis AG
Bristol Myers Squibb
ELI-LILLY
Merck & Co. Inc.
Celltrion Healthcare Co.,Ltd.
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