Crohn's Disease Market Expected To Witness Sublimation With A CAGR Of 3% Between 2024

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Crohn's Disease Market
Report Id PMRREP9665 Category Life Science
Healthcare
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Crohn's Disease Market Expected To Witness
Sublimation With A CAGR Of 3 Between 2024

• The Crohns Colitis Foundation of America
  (CCFA) stated that over 1 Million Americans were
  diagnosed with Crohns ulcerative colitis
  disorders, with most of them aged above 30.
  Growing occurrence of Crohns disease has
  triggered a robust demand for its therapeutics. A
  survey conducted by the US Center for Disease
  Control (CDC) has revealed that the incidence
  rate of Crohns disease in the country is 3.1 to
  14.6 new cases per 100,000 population annually.
• The disease is highly prevalent in developed
  countries, especially in individuals who smoke. 
  According to a study conducted by Persistence
  Market Research (PMR), demand for
  anti-inflammatory drugs and biologics for
  treating Crohns disease will gain traction in
  the near future. PMR forecasts that the global
  market for Crohns disease is set to reach US
  4,474.8 Million by 2024-end, growing at a CAGR of
  3 during the assessment period.

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Market Overview
While biologics will continue to remain the most
preferred drug type amongst both healthcare
professionals and patients, the demand for
anti-inflammatory drugs will also witness a
rampant acceleration during the forecast period.
Based on drug type, the anti-inflammatory drug
segment is projected to reach a market valuation
of US 1,095.9 Million by end of the assessment
period. Based on distribution channel, the
hospital pharmacies will continue to be the
leading segment of the market over the forecast
period. Whereas, the retail pharmacies segment is
projected to exhibit the highest growth, reaching
a market valuation of US 1,470.2 Million by
2024. PMRs findings based on regional
assessment suggest that the Crohns disease
market in North America will continue to lead the
pack during the forecast period. The regions
market is expected to value US 3,149.8
Million over 2014. However, Asia-Pacific is
expected to witness the highest CAGR over the
forecast period. The APAC market is projected to
create an absolute opportunity of US 13.2
Million in 2017 over 2016.
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