Global Irritable Bowel Syndrome Treatment Market Growth Amplified by Surging Prevalence of Gastrointestinal Ailments

According to Inkwood Research, the Global Irritable Bowel Syndrome Treatment Market is predicted to register a CAGR of 7.25% in terms of revenue during the forecasting years of 2021-2028.

"Browse 60 Market Data Tables and 51 Figures spread over 211 Pages, along with an in-depth TOC on the Global Irritable Bowel Syndrome Treatment Market Forecast 2021-2028."

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Irritable bowel syndrome entails a gastrointestinal ailment of the gut, that may be diagnosed by colon muscle contraction. The condition principally affects the large intestine. In addition, it is associated with bowel malfunction, and majorly prevalent across the geriatric populace. Moreover, diarrhea, constipation, alteration, bowel function discomfort, bloating, and abdominal pain are some of the typical symptoms of irritable bowel syndrome.

Increasing Incidence of Gastrointestinal Diseases to Propel Market Growth

The rising prevalence of gastrointestinal ailments is anticipated to bolster the demand for products related to irritable bowel syndrome treatment. For instance, as per the International Foundation for Gastrointestinal Disorders (IFFGD), nearly 25-45 million people in the United States suffered from irritable bowel syndrome, in 2016. Moreover, according to the statistics issued by the Food and Drug Administration (FDA), in 2017, the condition is often misunderstood, and affects more than 15 million individuals in the country.

On the other hand, the gastrointestinal disease results in chronic conditions, including cramping, abdominal pain, gas, bloating, constipation, and diarrhea. Hence, the surging numbers of chronic ailments as well as comorbidities lead to a surge in irritable bowel syndrome complexities, thereby, facilitating the irritable bowel syndrome treatment market growth.

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Liquid is the Fastest-Growing Dosage

Under the dosage category, the liquid segment comprises drugs in the form of suspensions, solutions, or emulsions. They can either be monophasic or biphasic in nature, and are primarily prepared by dispersing, suspending, or dissolving the active ingredient, within a suitable medium. They are also convenient to administer, particularly for children and the elderly, owing to the faster absorption rate and the swallowing ease. Besides, drugs available in the liquid dosage form include lactulose and magnesium sulfate.

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Asia Pacific to be the Leading Region by 2028

The Asia Pacific is anticipated to record the fastest market growth over the forecast period, on account of the improving healthcare infrastructure, the growing number of hospitals equipped with enhanced medical facilities, and the swiftly expanding research and development sector. Moreover, technological advancements in the field of healthcare and the surging medical reforms also play a significant role in fueling the market growth.
The global market is projected to observe a high degree of competitive rivalry, owing to the availability of numerous key companies, over the forecast period. In addition, major players also compete by offering products with similar characteristics, prices, and features at lower rates.

Some of the leading firms operating in the market include, Allergan PLC, AstraZeneca PLC, GlaxoSmithKline PLC, etc.

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