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Excellent Growth of Gastrointestinal Market | Top Key Players Profile Analysis by AstraZenec, Sanofi, Bayer, Pfizer, GlaxoSmithKline, Teva | future Outlook of 2020-2025

05-11-2020 06:49 AM CET | Energy & Environment

Press release from: Business Industry Reports

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Gastrointestinal Market

Gastrointestinal Market

Global Gastrointestinal Market overview:

The growing demand for Gastrointestinal has provided a major boost to the Global Gastrointestinal Market as more people are shifting their preferences to this growing sector. The market is expected to keep rising at a high CAGR and reach values of high millions by the end of the forecast period of 2020 up to 2024.

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Gastrointestinal (GI) or gastroenterology is the branch of medicine related to the GI tract (stomach and intestines) and the accessory organs of digestion (from the mouth to the anus). Some of the conditions treated under this specialty include but are not limited to: Crohn's disease, gastroesophageal reflux disease (GERD), inflammatory bowel disease, irritable bowel syndrome, peptic ulcer disease, celiac disease, colon cancer, heartburn, gastric cancer, diverticulitis, and ulcerative colitis.

The global Gastrointestinal Market is primarily segmented based on Product Type, Application, End-Use Industry and Regions.

Based on Product Type, the market is divided into:

1 Prescription Gastrointestinal Drug

2 OTC Gastrointestinal Drug

On the basis of End Use Industry, the market is split into:

1 Chronic Gastritis

2 Functional Dyspepsia

3 Peptic Ulcer

4 Acute Gastroenteritis

Objectives of the Study

To describe and forecast the global Gastrointestinal Market on the basis of Product Type, industry verticals, Channel and regions.

To forecast the Gastrointestinal Market size of the five main regional segments, namely North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and Latin America.

To strategically analyzesubsegments with respect to individual growth trends, future prospects, and contribution to the total market.

To provide detailed information regarding the major factors influencing the growth of the Gastrointestinal Market (drivers, restraints, opportunities, and challenges).

To analyze the opportunities in the market for stakeholders and to provide details of competitive landscape for major players.

To strategically profile key players and comprehensively analyze their core competencies and positioning.

To track and analyze competitive developments such as mergers and acquisitions, new product developments, and partnerships, agreements & collaborations in the Gastrointestinal Market.

 

Some of the Gastrointestinal Market manufacturers involved in the market are AstraZenec, Sanofi, Bayer, Pfizer, GlaxoSmithKline, Teva, Zeria?Tillotts, Perrigo, Boehringer Ingelheim, Purdue Pharma, C.B. Fleet, Abbott, Jiangzhong, Xian-Janssen, Acquisitions and effective mergers are some of the strategies adopted by the Gastrointestinal Market manufacturers. New product launches and continuous technological innovations are the Gastrointestinal Market strategies adopted by the major players.

Latest Industry Updates:

Pfizer announced today findings from the U.S. UC Narrative survey1,2 of ulcerative colitis (UC) patients and gastroenterologists (GIs).  The U.S. survey findings are an initial analysis of a subset of the UC Narrative global survey, which was developed with input from the Global UC Narrative Advisory Panel.i The survey was developed in collaboration with an advisory panel, including the Crohn's & Colitis Foundation. These findings, reflected in the physician survey, suggest that people living with UC are suffering from symptoms that may impact their life choices. The survey indicated that improvements in patient-physician dialogue may have the potential to positively influence disease management.

A total of 301 U.S. UC patients were surveyed online or by telephone between August and October 2017. Patients self-reported that they had been diagnosed with UC and had their diagnosis confirmed by an endoscopic procedure, did not have a colectomy, had visited a GI office in the past 12 months and had taken prescription medication for their UC; patients who reported taking only 5-ASA (5-aminosalicylic acid) medications were excluded. A total of 149 U.S. gastroenterologists were surveyed online between August and November 2017. To qualify for participation, physicians must have seen at least 10 UC patients per month, with at least 10 percent of those patients currently taking a biologic treatment for UC. Patients and physicians who qualified for and successfully completed the survey were compensated for their participation. 

Among the 301 patients surveyed, 64 percent (n=194/301) reported that their disease controls their life rather than them controlling their disease.1 Additionally, 63 percent (n=190/301) of patients indicated they often feel like they spend more time in the bathroom than anywhere else.1 Many (69%; n=209/301) indicated they would be a "more successful person" if they did not have UC.1 Some patients (28%; n=85/301) said that they have changed their plans around deciding to adopt, not to have any/more, or delay having children.

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Asia Pacific was a prominent market for Gastrointestinals in 2016. Among the countries in Asia Pacific, the demand was substantially high in developing countries such as China and India. These countries have been witnessing rapid increase in its population along with expansion of their overall economies, which has led to increase in disposable income. Increased spending on home interiors is fuelling the Gastrointestinal market in Asia Pacific.

There are several manufacturers of Gastrointestinals in Europe and North America. In North America, the demand for Gastrointestinals is primarily driven by the residential sector. Improved standards of living and rising usage of Gastrointestinals for flooring purpose are anticipated to drive the market in North America.

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Table of Contents:

Global Gastrointestinal Market Report 2020

1 Gastrointestinal Definition

2 Global Gastrointestinal Market Major Player Share and Market Overview

3 Major Player Gastrointestinal Business Introduction

4 Global Gastrointestinal Market Segmentation (Region Level)

5 Global Gastrointestinal Market Segmentation (Product Type Level)

6 Global Gastrointestinal Market Segmentation (Industry Level)

7 Global Gastrointestinal Market Segmentation (Channel Level)

8 Gastrointestinal Market Forecast 2020-2024

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