Gastrointestinal Therapeutics Market Will Reach USD 64.5 Billion By 2032 And Hit Around 5% CAGR

PORTLAND, OREGON, UNITED STATES, June 19, 2024 /EINPresswire.com/ -- According to the report, the global gastrointestinal therapeutics industry generated $39.5 billion in 2022, and is anticipated to generate $64.5 billion by 2032, witnessing a CAGR of 5.0% from 2023 to 2032.  Increase in prevalence of gastrointestinal diseases, increase in the geriatric population suffering from gastrointestinal disorders, surge in demand for effective treatment options, and rise in prevalence of ulcerative colitis and Crohn’s disease are the factors expected to drive the gastrointestinal therapeutics market.

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Key Takeaways:

The biologics segment to maintain its leadership status throughout the forecast period.
The inflammatory bowel disease segment to maintain its leadership status throughout the forecast period.
The drug stores and retail pharmacies segment to maintain its lead position during the forecast period.
North America to maintain its dominance by 2032 .

Recession Impact :

During a recession, individuals and governments might tighten their budgets, leading to reduced healthcare spending. This could affect patient ability to access and afford gastrointestinal medications and treatments, potentially leading to decreased demand for these therapeutics. In addition, economic uncertainty during a recession might cause individuals to delay or avoid non-essential medical visits, including routine check-ups for gastrointestinal issues.

However, the rise in research and development activities for gastrointestinal therapeutics and increase in number of pipeline products for gastrointestinal diseases is experiencing a moderate positive impact from the global recession.

Increase in prevalence of gastrointestinal diseases, rise in geriatric population, rise in number of product launches drive the growth of the global gastrointestinal therapeutics market. However, the stringent government regulations toward approval of biosimilars and patent expiry of drugs restrict market growth. Moreover, rise in research and development activities and growth opportunities in emerging markets such as rise in funding activities, demand for better healthcare facilities and surge in need for gastrointestinal therapeutics presents new opportunities in the coming years. 

Drivers:

Increase in prevalence of gastrointestinal diseases  

Rise in geriatric population   

Rise in number of product launches 

Opportunities:

Rise in research and development activities   

Growth opportunities in emerging markets 

Restraints:

Stringent government regulations toward approval of biosimilars 

Patent expiry of drugs 

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Market Segmentation:

Type of Disorder:

Gastroesophageal Reflux Disease (GERD)
Inflammatory Bowel Disease (IBD) (including Crohn’s disease and ulcerative colitis)
Irritable Bowel Syndrome (IBS)
Peptic Ulcer Disease
Gastrointestinal Cancers
Others (such as gastroparesis, celiac disease, and diverticular disease)

Type of Drug:

Proton Pump Inhibitors (PPIs)
H2 Receptor Antagonists
Antidiarrheals
Antiemetics
Immunomodulators
Biologics (such as TNF-alpha inhibitors)
Antacids
Others (including antibiotics, laxatives, and steroids)

Route of Administration:

Oral
Parenteral (intravenous or subcutaneous)
Rectal
Topical (such as creams or ointments for certain gastrointestinal disorders)
Others (such as nasogastric or gastrostomy tube administration for specific cases)

Geography:

North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, India, Australia, South Korea, Rest of Asia-Pacific)
Latin America (Brazil, Colombia, Argentina, Rest of Latin America)
Middle East and Africa (Gcc, South Africa, North Africa, Rest Of Mea)

Distribution Channel:

Hospital Pharmacies
Retail Pharmacies & Drug Stores
Online Pharmacies
Others (including specialty clinics and institutional sales)

End User:

Hospitals
Ambulatory Surgical Centers
Specialty Clinics
Homecare Settings

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Competitive Landscape

AbbVie Inc.
Astrazeneca plc
Pfizer Inc.
Bayer AG
Bausch Health Companies Inc.
Takeda Pharmaceutical Company Limited
Cosmo Pharmaceuticals
Organon Group of Companies
Bristol-Myers Squibb Company
Teva Pharmaceutical Industries Limited

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