Inflammatory Bowel Disease Treatment Market Growth by 2031
The inflammatory bowel disease treatment market value is projected to grow from US$ 24.05 billion in 2023 to US$ 31.67 billion by 2031; the market is anticipated to record a CAGR of 3.50% from 2023 to 2031.
Market Insights and Analyst View:
Inflammatory bowel disease (IBD) is a chronic inflammatory condition of the gastrointestinal tract, including Crohn's disease and ulcerative colitis. These conditions cause inflammation of the digestive tract lining, leading to symptoms like abdominal pain, diarrhea, fatigue, and weight loss. Treatment aims to reduce inflammation, manage symptoms, and prevent complications through medication, lifestyle changes, and sometimes surgery. Managing IBD typically requires ongoing medical care and monitoring to maintain remission and improve quality of life. The key factors driving the Inflammatory Bowel Disease Treatment Market growth are the rising prevalence of Crohn's disease and ulcerative colitis, and the increasing number of product launches. This report includes growth prospects owing to the current Inflammatory Bowel Disease Treatment Market trends and their foreseeable impact during the forecast period. Technological advancements are likely to bring significant trends in the Inflammatory Bowel Disease Treatment Market in the coming years. Further, the development of innovative treatments through continuing research as well as encouraging government initiatives are also expected to fuel the market growth.
Growth Drivers and Challenges:
Crohn’s disease is a complex, chronic disorder that primarily affects the digestive system. The National Library of Medicine stated that there were 825 cases of IBD per 100,000 people in 2023, including compared to 410 cases of Crohn's disease and 414 cases of ulcerative colitis and IBD-u. With a prevalence of 0.82%, 322,600 Canadians were had IBD in 2023. Patients with gastrointestinal disease are at an increased risk of nutritional deterioration due to fasting requirements of diagnostic tests, therapeutic dietary restrictions, and loss of appetite due to anorexia or altered nutritional requirements caused due to the disease itself. Thus, enteral nutrition is prescribed for gastrointestinal disease patients, as the enteral route is preferred to provide the required nutrients. Therefore, the rising prevalence of Crohn’s disease and ulcerative colitis drives the growth of the Inflammatory Bowel Disease Treatment Market.
Crohn’s disease, gastrointestinal disease due to trauma, bowel obstruction (BO), microscopic colitis, short bowel syndrome, and ulcerative colitis are a few of the common gastrointestinal diseases. According to an article published in Healthline in 2021, ~40% of people across the world were affected by functional gastrointestinal disorders. The Canadian Digestive Health Foundation states millions of Canadians live with digestive diseases; ~20 million Canadians, i.e., 2 of every 3 people, suffer from digestive disorders yearly.
On the other hand, the high cost associated with treating inflammatory bowel disease (IBD) is a significant barrier in the IBD treatment market. From expensive medications to frequent hospitalizations and surgeries, managing IBD can place a heavy financial burden on patients and healthcare systems. The cost factor often limits access to optimal care and innovative treatments for many individuals living with IBD. Addressing the affordability and accessibility issues is crucial for improving outcomes and quality of life for patients affected by this chronic condition. Thus, the high cost associated with treatment hinders the Inflammatory Bowel Disease Treatment Market growth.
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Inflammatory Bowel Disease Treatment Market: Strategic Insights
Market Size Value in US$ 24.05 billion in 2023 Market Size Value by US$ 31.67 billion by 2031 Growth rate CAGR of 3.50% from 2023 to 2031 Forecast Period 2023-2031 Base Year 2023
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Inflammatory Bowel Disease Treatment Market: Strategic Insights
| Market Size Value in | US$ 24.05 billion in 2023 |
| Market Size Value by | US$ 31.67 billion by 2031 |
| Growth rate | CAGR of 3.50% from 2023 to 2031 |
| Forecast Period | 2023-2031 |
| Base Year | 2023 |
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Report Segmentation and Scope:
The Inflammatory Bowel Disease Treatment Market analysis has been carried out by considering the following segments: drug class, disease indication, and distribution channel. Based on geography, the Inflammatory Bowel Disease Treatment Market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, South Africa, and Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and Rest of South & Central America).
Segmental Analysis:
Drug Class-Based Insights
Based on drug class, the market is segmented into biologics, aminosalicyclates, corticosteroids, and others. The biologics segment held the largest Inflammatory Bowel Disease Treatment Market share in 2023, and it is anticipated to register the highest CAGR during 2023–2031.
Disease Indication-Based Insights
Based on disease indication, the Inflammatory Bowel Disease Treatment Market is bifurcated into Crohn's disease and ulcerative colitis. The Crohn's disease segment is anticipated to hold a significant market share by 2031.
Disease Indication-Based Insights
Based on distribution channel, the market is classified hospital pharmacy, retail pharmacy, and online pharmacy. The hospital pharmacy segment is anticipated to hold a significant Inflammatory Bowel Disease Treatment Market share by 2031.
Inflammatory Bowel Disease Treatment Market Report Scope
Regional Analysis:
The geographic scope of the Inflammatory Bowel Disease Treatment Market report encompasses North America, Europe, Asia Pacific, the Middle East & Africa, and South & Central America. In 2023, North America held the largest market share. Th US dominates the market in North America with the largest revenue share. The expanding Inflammatory Bowel Disease Treatment Market size in this country is attributed to an upsurge in the prevalence of inflammatory diseases, the presence of major market players and their strategic initiatives. Improved payment solutions, high treatment rates, rising prescription of innovative medications, uninterrupted research efforts, and favorable government initiatives also benefit the Inflammatory Bowel Disease Treatment Market in the US and other North American countries. Crohn's & Colitis Foundation is one of the noteworthy organizations dedicated to promoting clinical and translational research aimed at curing colitis and Crohn's disease.
Competitive Landscape and Key Companies:
The Inflammatory Bowel Disease Treatment Market forecast presented in this report can help stakeholders in this marketplace plan their growth strategies. AbbVie Inc, Takeda Pharmaceutical Company Limited, Pfizer Inc, Biogen, Novartis AG, Lilly, UCB S.A., CELLTRION INC., Merck & Co., Inc., and Johnson & Johnson Services, Inc. are a few key companies profiled in the Inflammatory Bowel Disease Treatment Market report. These companies focus on expanding their offerings to meet the growing consumer demand worldwide. Their global presence allows them to serve many customers, subsequently allowing them to expand their market presence.
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Drug Class, Disease Indication, Distribution Channel, and Geography
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
Based on drug class, the market is segmented into biologics, aminosalicyclates, corticosteroids, and others. The biologics segment held the largest Inflammatory Bowel Disease Treatment Market share in 2023 and is anticipated to register the highest CAGR during 2023–2031.
Based on disease indication, the Inflammatory Bowel Disease Treatment Market is segmented into crohn's disease and ulcerative colitis. The crohn's disease segment is anticipated to hold a significant share by 2031.
The Inflammatory Bowel Disease Treatment Market was valued at US$ 24.05 billion in 2023.
The Inflammatory Bowel Disease Treatment Market is expected to be valued at US$ 31.67 billion in 2031.
The Inflammatory Bowel Disease Treatment Market has major market players, including AbbVie Inc, Takeda Pharmaceutical Company Limited, Pfizer Inc, Biogen, Novartis AG, Lilly, UCB S.A., CELLTRION INC., Merck & Co., Inc., and Johnson & Johnson Services, Inc.
The key factors driving the Inflammatory Bowel Disease Treatment Market growth are the rising prevalence of crohn's disease and ulcerative colitis and increasing product launches over the projection period. Inflammatory Bowel Disease Treatment Market trends include the technological advancement in IBD treatment. Furthermore, the development of innovative treatments through continuing research as well as encouraging government initiatives are also expected to fuel the market growth.
Inflammatory bowel disease" (IBD) is a chronic inflammatory condition of the gastrointestinal tract, including Crohn's disease and ulcerative colitis. These conditions cause inflammation of the digestive tract lining, leading to symptoms like abdominal pain, diarrhea, fatigue, and weight loss. Treatment aims to reduce inflammation, manage symptoms, and prevent complications through medication, lifestyle changes, and sometimes surgery. Managing IBD typically requires ongoing medical care and monitoring to maintain remission and improve quality of life.
1. Introduction
1.1 Scope of the Study
1.2 Market Definition, Assumptions and Limitations
1.3 Market Segmentation
2. Executive Summary
2.1 Key Insights
2.2 Market Attractiveness Analysis
3. Research Methodology
4. Inflammatory Bowel Disease Treatment Market Landscape
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 List of Vendors in the Value Chain
5. Inflammatory Bowel Disease Treatment Market - Key Market Dynamics
5.1 Key Market Drivers
5.2 Key Market Restraints
5.3 Key Market Opportunities
5.4 Future Trends
5.5 Impact Analysis of Drivers and Restraints
6. Inflammatory Bowel Disease Treatment Market - Global Market Analysis
6.1 Inflammatory Bowel Disease Treatment - Global Market Overview
6.2 Inflammatory Bowel Disease Treatment - Global Market and Forecast to 2031
7. Inflammatory Bowel Disease Treatment Market – Revenue Analysis (USD Million) – By Drug Class, 2021-2031
7.1 Overview
7.2 Aminosalicyclates
7.3 Immunomodulators
7.4 TNF Inhibitors
7.5 Corticosteroids
8. Inflammatory Bowel Disease Treatment Market – Revenue Analysis (USD Million) – By Disease Indication, 2021-2031
8.1 Overview
8.2 Crohn's Disease
8.3 Ulcerative Colitis
9. Inflammatory Bowel Disease Treatment Market – Revenue Analysis (USD Million) – By Distribution Channel, 2021-2031
9.1 Overview
9.2 Hospital Pharmacy
9.3 Online Pharmacy
9.4 Retail Pharmacy
10. Inflammatory Bowel Disease Treatment Market - Revenue Analysis (USD Million), 2021-2031 – Geographical Analysis
10.1 North America
10.1.1 North America Inflammatory Bowel Disease Treatment Market Overview
10.1.2 North America Inflammatory Bowel Disease Treatment Market Revenue and Forecasts to 2031
10.1.3 North America Inflammatory Bowel Disease Treatment Market Revenue and Forecasts and Analysis - By Drug Class
10.1.4 North America Inflammatory Bowel Disease Treatment Market Revenue and Forecasts and Analysis - By Disease Indication
10.1.5 North America Inflammatory Bowel Disease Treatment Market Revenue and Forecasts and Analysis - By Distribution Channel
10.1.6 North America Inflammatory Bowel Disease Treatment Market Revenue and Forecasts and Analysis - By Countries
10.1.6.1 United States Inflammatory Bowel Disease Treatment Market
10.1.6.1.1 United States Inflammatory Bowel Disease Treatment Market, by Drug Class
10.1.6.1.2 United States Inflammatory Bowel Disease Treatment Market, by Disease Indication
10.1.6.1.3 United States Inflammatory Bowel Disease Treatment Market, by Distribution Channel
10.1.6.2 Canada Inflammatory Bowel Disease Treatment Market
10.1.6.2.1 Canada Inflammatory Bowel Disease Treatment Market, by Drug Class
10.1.6.2.2 Canada Inflammatory Bowel Disease Treatment Market, by Disease Indication
10.1.6.2.3 Canada Inflammatory Bowel Disease Treatment Market, by Distribution Channel
10.1.6.3 Mexico Inflammatory Bowel Disease Treatment Market
10.1.6.3.1 Mexico Inflammatory Bowel Disease Treatment Market, by Drug Class
10.1.6.3.2 Mexico Inflammatory Bowel Disease Treatment Market, by Disease Indication
10.1.6.3.3 Mexico Inflammatory Bowel Disease Treatment Market, by Distribution Channel
Note - Similar analysis would be provided for below mentioned regions/countries
10.2 Europe
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 Spain
10.2.5 United Kingdom
10.2.6 Rest of Europe
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Middle East and Africa
10.4.1 South Africa
10.4.2 Saudi Arabia
10.4.3 U.A.E
10.4.4 Rest of Middle East and Africa
10.5 South and Central America
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Rest of South and Central America
11. Industry Landscape
11.1 Mergers and Acquisitions
11.2 Agreements, Collaborations, Joint Ventures
11.3 New Product Launches
11.4 Expansions and Other Strategic Developments
12. Competitive Landscape
12.1 Heat Map Analysis by Key Players
12.2 Company Positioning and Concentration
13. Inflammatory Bowel Disease Treatment Market - Key Company Profiles
13.1 Pfizer Inc.
13.1.1 Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.1.6 Key Developments
Note - Similar information would be provided for below list of companies
13.2 Novartis AG
13.3 AbbVie Inc.
13.4 Takeda Pharmaceutical Company Limited
13.5 Johnson and Johnson (Janssen Global Services, LLC)
13.6 CELGENE CORPORATION
13.7 Bausch Health Companies Inc.
13.8 UCB, Inc.
13.9 COSMO PHARMACEUTICALS
13.10 Gilead Sciences
14. Appendix
14.1 Glossary
14.2 About The Insight Partners
14.3 Market Intelligence Cloud
The List of Companies - Inflammatory Bowel Disease Treatment Market
- AbbVie Inc
- Takeda Pharmaceutical Company Limited
- Pfizer Inc
- Biogen
- Novartis AG
- Lilly
- UCB S.A.
- CELLTRION INC.
- Merck & Co., Inc.
- Johnson & Johnson Services, Inc.
- Mindray Medical International Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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