The global Crohn’s disease market is estimated to grow at a significant CAGR of 4.2% during the forecast period. Crohn’s disease inflammation spreads into the layers of affected bowel tissues. Crohn’s disease is painful and may lead to life-threatening complications. Anti-inflammatory drugs, immune system suppressors, antibiotics, anti-diarrheal medications, pain relievers, iron supplements are also used during the treatment and recovery of Crohn’s disease. Crohn’s & Colitis Foundation launched a new open access journal in order to provide information to more than 3 million Americans living with IBD. Such platforms increase awareness among the population that further contribute to the growth of the market.
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The market for Crohn’s disease is growing due to the increasing prevalence of Chron’s disease across the globe. The increasing prevalence of IBD results in the need for research for the prevention of (Inflammatory Bowel Disease) IBD and innovations in healthcare systems to manage this complex and costly disease. Crohn’s disease is an IBD type that causes chronic inflammation and damage in the gastrointestinal (GI) tract. Further, funding also leads to improving the quality of healthcare facilities. In 2018, Crohn’s & Colitis Foundation has received a $3.3 million grant from The Leona M. and Harry B. Helmsley Charitable Trust to support IBD Qorus, the Foundation’s flagship quality of care program. Further, in 2018, Patient-Centered Outcomes Research Institute (PCORI) funded $2.4 million to Crohn’s & Colitis Foundation in order to study the comparative effectiveness of biologic or small molecule therapies in IBD. Such funding programs in order to increase awareness and R&D are contributing to market growth.
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Global Crohn’s disease Therapeutics Market Segmentation
By Treatment Type
· Surgery
· Anti- Inflammatory Drug Administration
· Steroids
· Immunosuppressant
· Biological Drugs
· Amino salicylates
· Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
