The inflammatory bowel disease treatment market is expected to grow from USD 19.91 billion in 2023 to approximately USD 33.19 billion by 2032, with a compound annual growth rate (CAGR) of 5.5% from 2024 to 2032.
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Key Market Highlights:
Inflammatory Bowel Disease (IBD) includes two primary conditions: Crohn’s disease and ulcerative colitis. These are chronic conditions that cause inflammation in the digestive tract.
The prevalence of IBD, including Crohn’s disease and ulcerative colitis, is on the rise globally, impacting millions of lives and posing significant challenges to healthcare systems. Factors contributing to this increase include:
Canada has one of the highest rates of IBD globally. In 2023, it was estimated that 825 per 100,000 Canadians live with IBD, equating to 322,600 people:
Projections suggest the prevalence of IBD in Canada will rise to 1.08% by 2035, potentially affecting 470,000 Canadians.
There is a noticeable rise in pediatric-onset IBD. Data from the National Institute of Health estimates the incidence of pediatric IBD to increase from 13.9 per 100,000 children in 2014 to 18.0 per 100,000 by 2035, with an annual increase rate of 1.23%.
Conversely, the incidence of IBD among adults and seniors (64 and older) remains steady and is expected to continue at the same rate over the next decade.
Crohn’s and Colitis Canada, a leading health charity, has invested over $145 million in research since 1974, focusing on genetics, gut microbiota, inflammation, and cell repair. The Genetic, Environmental, and Microbial (GEM) Project is one of their key initiatives, aiming to uncover the factors that cause IBD. Recent research funded by Crohn’s and Colitis Canada includes studies on immune mechanisms, links between Crohn’s disease and Type-2 diabetes, and the use of new lab models to understand ulcerative colitis.
Government and Non-Profit Initiatives Driving Market Growth
Government agencies and non-profit organizations are increasingly investing in innovative IBD treatments:
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Read Also: https://www.healthcarewebwire.com/precision-oncology-market-size/
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