Gastrointestinal (GI) infections are common problems which are resolved rapidly but aggravate in certain healthcare settings. There are recorded cases of 3-6 million children dying due to gastroenteritis worldwide. Gastrointestinal agents are recommended by doctors and clinicians to alleviate problems caused in lupus, gastroesophageal reflux disease (GERD), and others. Market Research Future (MRFR) has focused on specific trends and GI diseases in the Americas gastrointestinal drugs market report while keeping a finger on drug developments by large pharmaceutical companies.
The gastrointestinal drugs market research report reveals that the industry is poised to reach a stellar size of USD 75.56 Bn by 2030. It can exhibit a CAGR of 5.03% from 2022 to 2030 (forecast period).
The market is anticipated to gain high dividends from over the counter (OTC) drugs as well as high incidence of GI diseases. Large number of patients being diagnosed with GI in healthcare settings combined with change in diets due to deviating lifestyles pursued by patients can drive the market demand over the forecast period.
Studies conducted by private firms in collaboration with universities or research groups have placed ranitdine, omeprazole, and sodium alginate as highly recommended drugs for treating GI disorders with minimum adverse effects. Prescription of histamine blockers or proton inhibitors for treating symptoms of heartburn can augur favorably for the market.
Rising awareness levels of GI and its associated disorders, accessibility to these drugs, and a notable rise in research and development activities are other major drivers expected to facilitate market growth. Need for novel medications for the treatment of the malady can provide an abundance of growth opportunities to players.
The gastrointestinal drugs market is segmented by disease type, route of administration, drug category, and end-user.
By disease type, it is segmented into inflammatory bowel diseases, gastroesophageal reflux disease, and others. Inflammatory bowel diseases are further segmented into Crohn’s disease and ulcerative disease. Ulcertaive disease is sub-segmented into acute severe ulcerative colitis, left sided colitis, pancolitis, ulcerative proctitis, and proctosigmoiditis.
By route of administration, it is segmented into parenteral, rectal, and oral.
By drug category, it is segmented into anti-emetic, anti-inflammatory, acid neutralizers, laxatives & anti-diarrheal, and others. Acid neutralizers are segmented into proton pump inhibitors, H2 antagonists, antacid, and others.
By end-user, it is segmented into retail pharmacies, hospital pharmacies, and others.
Major industry participants in the global market include Takeda Pharmaceutical Company Limited, Valeant Pharmaceuticals, Eisai Co., Ltd., Abbott Laboratories, AbbVie Inc., Allergan Plc, Janssen Biotech Inc., Bayer AG, Evoke Pharma, Sanofi, Boehringer Ingelheim GmbH, GlaxoSmithKline Plc., AstraZeneca, and others.
Partnerships, agreements, collaborations, and mergers & acquisitions are major strategies employed by these players to gain their edge in the market. Recent Gastrointestinal Drugs Market report shows, AstraZeneca plc entered an agreement with Tillots Pharma for the development of Encort. Encort is a medicine for alleviating the pain levels of patients with Crohn’s disease. The agreement will allow Tillots to distribute the medicine by paying a considerable share to AstraZeneca for development and production of Encort capsules outside the U.S.
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