Crohn's Disease Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2018–2024
Crohn’s Disease Market: Size, Share, Growth, Trends, and Forecast, 2018–2024
Sarasota, FL -- (SBWire) -- 06/14/2018 --Global Crohn's Disease Market: Overview
An inflammatory disease of bowel affecting any part of the Gastro-Intestinal Tract (GI Tract) is termed as Crohn's disease. It is classified into a segment of chronic disease. Crohn's disease is considered to impact nearly every part of an individual's life, as it causes malnutrition, fatigue, abdominal pain, severe diarrhea and weight loss. Apart from these, other symptoms associated with this disease are some of the extraintestinal conditions such as uveitis (related to redness and swelling of an eye), Arthritis (related to joints) and erythema nodosum (related to tender nodules under the skin). Due to these factors, Crohn's disease may further lead to depression, headache, and other mental side effects. From the recent study, it has been observed that approximately one-third of the patients affected population by Crohn's disease is children (). Developing such disease before reaching adulthood is known as Pediatric Crohn's disease. In 2016, about 100,000 children are recorded to have Crohn's disease in the U.S. Hence, developing a drug which has the bioavailability of corticosteroid with less toxicity is foreseen to augment the global Crohn's disease market.
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Global Crohn's Disease Market: Growth Factors
With the growing population, the existence of such disease has become very common. Due to this, the need for new drugs has escalated the demand for drugs for the treatment of the Crohn's disease. Inflating costs is the major drawback hampering the growth of the market of Crohn's disease. The gastrointestinal tract has many types of common disorders that result in misleading the symptoms of Crohn's Disease to some other disease. An occurrence of such situations is the outcome of lack of awareness that overall constitutes as the factors of restraints for the market of Crohn's Disease. The impact of Crohn's disease to the children population majorly generates the demand of new drugs with its ease to consume and guaranteed safety creates a huge scope for the companies to start a business in this segment.
Global Crohn's Disease Market: Segmentation
The market for Crohn's disease can be classified on the basis of the drugs used in order to treat the disease including anti-inflammatory drug, pain relievers, immune system suppressors, antibiotics, and anti-diarrheal. depending upon the type of treatment global Crohn's disease market is divided into computerized tomography, magnetic resonance imaging (also termed as MRI), colonoscopy, capsule endoscopy, double balloon endoscopy, flexible sigmoidoscopy, and small bowel Imaging. The market can be segmented based on the type of Crohn's disease as Ileocolitis (affects the lower part of small intestine), Ileitis (worsen condition of Ileocolitis), Granulomatous colitis (affecting the colon which is a part of large intestine), Gastroduodenal Crohn's disease (affecting the duodenum: beginning of small intestine), Jejunoileitis (affects jejunum: the second part of small intestine) and Perianal Crohn's disease (affecting the area around anus).
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Global Crohn's Disease Market: Regional Analysis
North America leads the global Crohn's disease market followed by European region, attributed to rising in a number of cases, especially amongst the children affected by pediatric Crohn's disease. As a result of unusual occurrences of this disease in the Asia Pacific and The Middle East and Africa, the global Crohn's disease market witnesses a gradual growth, although it is projected to attain a considerable position in the market after the substantial period of time.
Global Crohn's Disease Market: Competitive Players
Considering the available opportunities for expansion, many companies are entering into this market competition. Some of the major companies contributing to the market are Bayer AG, Amgen, Inc., Takeda Pharmaceutical Company Limited, AbbVie, Inc., UCB S.A., Ferring B.V., Eli Lilly and Company, Hoffman-La Roche, Bristol-Myers Squibb, and Pfizer, Inc.
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