Germany IBD therapeutics market is estimated to grow significantly at a CAGR of around 5.4% during the forecast period. The growing IBD patient population in the region is one of the major driving forces for the growth of the market in the country. According to the national institutes of health, the prevalence of Crohn's disease in Germany was estimated to be 322 per 100,000 in Germany in 2018. Moreover, the growing demand for quality healthcare services in the region is another factor boosting the germany IBD market. The healthcare expenditure in Germany has also been increasing significantly in the past years. A similar trend is expected to be followed in the future. This is expected to be one of the key reasons which are estimated to increase the inflow of R&D funds in inflammatory diseases such as IBD in the future.
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Germany IBD therapeutics market is segmented on the basis of disease type and treatment type. The disease type segment includes ulcerative colitis and Crohn’s disease. Crohn’s disease segment is estimated to dominate the market. The growth of the segment is attributed to the comparatively higher incidence of Crohn’s disease than ulcerative colitis. For Crohn’s and ulcerative colitis, the development of minimally invasive methods has been evolved with more caution as compared to other colorectal diseases. This is primarily due to disease-related characteristics that are concerned with IBD. The treatment type segment is further segmented into anti-inflammatory drugs and surgery.
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The companies which are contributing to the growth of the Germany IBD therapeutics market include AbbVie Inc., Allergan, PLC, Boehringer Ingelheim International GmbH, Eli Lilly and Co., Johnson & Johnson Services Inc., Pfizer Inc., Pharmacosmos A/S, Sanofi S.A., and others.
Market Segmentation
Germany IBD Therapeutics Market by Disease Type
• Ulcerative Colitis
• Crohn’s Disease
Germany IBD Therapeutics Market by Treatment Type
• Surgery
• Anti- Inflammatory Drug Administration
• Steroids
• Immunosuppressant
• Biological Drugs
• Amino salicylates
• Others
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