Global Gastrointestinal Therapeutics Market report delivers future development strategies, key companies, Possibility of competition, major challenges analysis. The reports elaborate the expansion rate of the Gastrointestinal Therapeutics market supported the highest company profile analysis. This report providing an in-depth analysis, market size, and evaluation for the developing segment among the industry. Gastrointestinal Therapeutics Market report will help you take expert decisions, recognize opportunities, plan effective professional tactics, plan new schemes, analyse drivers and restraints and give you a vision on the Gastrointestinal Therapeutics Market forecast.
The Gastrointestinal Therapeutics Market report discusses the primary
industry growth drivers and challenges that the vendors and the market as a
whole face and provides an overview of the key trends emerging in the market.
It also talks about the market size of different segments and their growth
aspects along with key leading countries in Americas, Asia-Pacific, Europe, the
Middle East, and Africa regions.
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Global Gastrointestinal Therapeutics Market is
anticipated to reach USD 65.1 billion by 2025. The market is anticipated to
rise at a healthy growth rate in the years to come. Gastrointestinal disorders
are medical situations associated with the digestive system that disturb the
small & large intestine, colon, and rectum. The syndromes mostly comprise
peptic ulcer diseases, irritable bowel syndrome and constipation, categorized
by several symptoms and signs such as bloating, pain, diarrhea, vomiting, and
nausea. Gastrointestinal therapeutics comprises medications, which are
commercially accessible in the market namely Afinitor, Aciphex, Akynzeo,
Prilosec and Dificid.
The market is anticipated to grow at a significant
CAGR of 6.6% in the upcoming period as the scope, product types and its
applications are increasing across the globe.
In addition, the factors that propel the growth of market
comprise the growing healthcare spending, increasing geriatric population,
rising prevalence of gastrointestinal disease due to additional numbers of
clinical trials, unhealthy dietary habits. On the other hand, the high
competition among several key players to lead the market may ultimately rule
the price attrition, and hamper the growth of market. However, these Gastro
intestinal therapeutics have side effects, such as they have a low diagnosis
rates, and stern rules for the approval of drugs. These factors will limit the
growth of market in the years to come.
Gastrointestinal Therapeutics industry may be explored by
type, Route Administration, applications, Distribution Channel and geography.
The market may be explored by type as Branded, (Antacids, Enzyme Replacement
Therapies, Amino salicylates, Proton Pump Inhibitors, H2 Antagonists,
Laxatives, Antiemetics, Biologics, Antidiarrheals, others), Generics. Branded
gastrointestinal drugs dominated the market in 2016. However, it is anticipated
to observe a decline in CAGR during the upcoming period due to saturation of
generic medicines in the market.
Gastrointestinal Therapeutics Market may be explored by
Route Administration as Intravenous, Oral, and Others. “Intravenous” segment
dominated the route administration in the industry in 2016. Gastrointestinal
Therapeutics industry may be explored by applications as GERD, Ulcerative
Colitis, Crohn’s Disease, and others. “Others” segment dominated the market in
2016. This “others” segment may comprise chronic idiopathic constipation,
irritable bowel syndrome opioid-induced constipation, diarrhea, nausea,
recurrent gastrointestinal infections, gastrointestinal stromal tumor, and
pancreatic insufficiency.
Gastrointestinal Therapeutics Market may be explored by
Distribution Channel as Online Pharmacies, Hospital Pharmacies, and Retail
Pharmacies. The Online pharmacies segment dominated the Gastrointestinal
Therapeutics industry in 2017. Moreover, increasing occurrence of chronic
diseases. In addition, growing incidence of chronic diseases has caused in an
extensive gap in the source of and demand for main drugs. The factors are
anticipated to present remunerative development projections for online
pharmacies throughout the upcoming period.
North America accounted for the major share of the global
Gastrointestinal Therapeutics Market Size Analysis in 2016 and will continue to
rule the roost in the forecast period. The market for Gastrointestinal
Therapeutics in North America, especially in the U.S., is the most lucrative
one and gaining robust traction from numerous features such as changing
lifestyle, resultant in grater occurrence of gastrointestinal diseases will
upsurge the gastrointestinal therapeutics in North America region in the years
to come. North America followed by Asia-Pacific region.
Some of the key players that fuel the growth of the
gastrointestinal therapeutics industry include Johnson & Johnson, Abbott
Laboratories, AbbVie Inc., Salix Pharmaceuticals, Pfizer Inc, AstraZeneca,
Takeda Pharmaceutical Company Limited, Astellas Pharma US, Inc., ALLERGAN, and
GlaxoSmithKline Plc. The leading companies are taking up partnerships, mergers
and acquisitions, and joint ventures in order to boost the inorganic growth of
the industry.
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