About Inflammatory Bowel Disease
Inflammatory bowel disease (IBD) describes a group of disorders which are caused due to the inflammation of the intestine. Various symptoms of IBD are diarrhea, blood or mucus in stool, fever, abdominal pain, and others. In order to diagnose IBD, various tests such as C - reactive protein (CPR), Complete Blood Count (CBC), and calprotectin test are performed.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.84% |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that Global Players will contribute the maximum growth to Global Inflammatory Bowel Disease market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AbbVie (United States), Janssen Biotech(United States), Sanofi (France), Takeda Pharmaceuticals (Japan), Bayer AG (Germany), Bristol-Myers Squibb (United States), Eli Lilly and Co. (United States), F. Hoffmann-La Roche (Switzerland), GlaxoSmithKline plc (United Kingdom) and Pfizer Inc. (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Boehringer Ingelheim GmbH (Germany), Amgen (United States), Tillotts Pharma (Switzerland) and UCB (Belgium).
Segmentation Overview
AMA Research has segmented the market of Global Inflammatory Bowel Disease market by Type (Anti-inflammatory Biologics, Non-Steroidal Anti-inflammatory drugs (NSAIDs) and Corticosteroids), Application (Hospital and Drugs Stores) and Region.
On the basis of geography, the market of Inflammatory Bowel Disease has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Route of Administration, the sub-segment i.e. Oral will boost the Inflammatory Bowel Disease market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Cause, the sub-segment i.e. Genetic will boost the Inflammatory Bowel Disease market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
R&D agreement and collaboration between the companies
Market Growth Drivers:
Rising occurrence inflammatory bowel disease and Growing number of geriatrics population
Challenges:
Patent expiry of drugs
Restraints:
Stringent government regulations towards approval of biosimilars restrain market growth
Opportunities:
The increasing involvement of key players in product development related in the field is anticipated to drive the segment
Market Leaders and their expansionary development strategies
In January 2024, Evotec has announced a collaboration with the Crohn’s & Colitis Foundation to advance drug discovery and develop new therapies for IBD, which includes Crohn’s disease and ulcerative colitis. The collaboration between Evotec and the foundation’s IBD therapeutics incubator programme aims to translate academic research into medical innovations for patients with IBD, a debilitating chronic medical condition.
In June 2023, Aster Medcity announced the opening of the Aster Inflammatory Bowel Disease Centre at the hospital. The new center is dedicated to providing specialized services for individuals suffering from Inflammatory Bowel Diseases (IBD). This multidisciplinary approach ensures comprehensive care and support for individuals with these conditions.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Inflammatory Bowel Disease Drugs Manufacturer, Government Regulatory and Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.