IBS Treatment Market Reflecting a Hefty 9.3% of CAGR till 2023 | Eminent Players as Allergan Plc, Sucampo Pharmaceuticals, Ironwood Pharmaceuticals, etc

“Americas IBS Treatment Market” Report of MRFR Displaying an Overall Business Analysis, Top Participants, Worldwide Segmentation with sub Segments. And market is projected Grow at 9.3% of CAGR by 2023.

IBS Treatment Market - Synopsis

The Americas IBS treatment market is expected to grow at a CAGR of 9.3% during the forecast period 2017-2023. The major growth drivers for the irritable bowel syndrome treatment market are expected launches of various pipeline drugs for the treatment during the forecast period.

Irritable bowel syndrome (IBS) is a common ailment that affects the large intestine. Symptoms of IBS include cramping, abdominal pain, bloating, gas, diarrhea and constipation. Diagnosis of irritable bowel syndrome is done by tests such as blood tests, stool tests, endoscopic procedures and external imaging procedures whereas the treatment includes relieving the patient from the symptoms and improving the quality of life.

Increasing prevalence of gastrointestinal diseases and disorder, unhealthy diet, anxiety, and changing lifestyle in Americas also fuel this market. According to statistics published by the U.S. Food and Drug Administration (FDA), irritable bowel syndrome (IBS) is an often-misunderstood condition that affects about 15.3 million people in the United States.

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However, lack of specific treatment which treats all the symptoms of this disorder may restrain the growth of this market. Additionally, higher competition among the key players related to pricing is predicted to hamper growth of this market.

According to National Center for Biotechnology Information, Irritable bowel syndrome has a prevalence of 1% to 20% worldwide, although up to 75% affected individuals never seek care. In North America, irritable bowel syndrome prevalence is 5% to 10%, affecting any age, and is 3 to 4 times more common in women.

Regional Analysis:

The Americas region is divided into North America and South America.

North America holds the largest market of IBS treatment due to the well-developed healthcare infrastructure, government support, several research and development programs, widespread awareness about irritable bowel syndrome and presence of clinical laboratories.

Moreover, presence of strong economic condition, and focus of research institutions on updating technology for new irritable bowel syndrome treatments boost the growth of market in this region. Also, the countries in this region have various companies which are involved in the IBS treatment business.

Global Americas IBS Treatment Market –Competitive Landscape

The Americas IBS treatment market is observed to be growing upwards due to key players such as Allergan Plc (Ireland), Sucampo Pharmaceuticals, Inc. (U.S.), Ironwood Pharmaceuticals, Inc. (U.S.), Astellas Pharma Inc. (Japan), Bausch Health Companies Inc. (Canada), Abbott Laboratories (U.S.), Synergy Pharmaceuticals, Inc. (U.S.), Ardelyx, Inc. (U.S.), Nestlé (Switzerland), Sebela Pharmaceuticals (Ireland), Probi (Sweden), Alfasigma S.p.A. (Italy), RedHill (Israel), AstraZeneca (U.K), and more.

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The well-established market players are involved in strategic partnerships and collaborations and product updates to gain competitive advantage in this market.

In May 2018, Allergan Plc, a leading global pharmaceutical company, and Ironwood Pharmaceuticals, Inc., a commercial biotech company, launched an interactive digital destination who may be suffering from IBS-D, IBS-C or CIC. The name of this website is AboutYourGut.com.

In January 2018, Ardelyx, Inc. announced that the company successfully completed the safety extension portion of its Phase 3 T3MPO program, designed to support the registration of tenapanor for the treatment of patients with irritable bowel syndrome with constipation (IBS-C).

In January 2018, Synergy Pharmaceuticals Inc., a biopharmaceutical company focused on the development and commercialization of novel gastrointestinal (GI) therapies announced that the U.S. Food and Drug Administration (FDA) has approved TRULANCE (plecanatide) 3 mg tablet for the once-daily treatment of irritable bowel syndrome with constipation (IBS-C) in adults.

In October 2016, Nestlé introduces ProNourish, the first nationally distributed product of its kind, designed and marketed specifically for people with digestive sensitivities. ProNourish drink is a nutritional drink that helps make following a low FODMAP diet. FODMAP is an acronym for Fermentable Oligosaccharides, Disaccharides, Monosaccharides and Polyols, which classifies specific types of short-chain carbohydrates that can be poorly absorbed in the small intestine, resulting in severe abdominal pain, bloating, constipation and/or diarrhea in some people.

In May 2015, Bausch Health Companies Inc. (formerly Valeant Pharmaceuticals Inc.) announced that its wholly owned subsidiary, Salix Pharmaceuticals, Inc., had received approval from the U.S. Food and Drug Administration (FDA) for Xifaxan 550 mg for the treatment of IBS-D in adults.

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