Global Gastroenterology Market By Drug Type : Antacids, Laxatives, Antidiarrheal agents, Antiemetics, Antiulcer agents, Other Drug Types

According to the latest research by SkyQuest Technology, the Global Gastroenterology Market was valued at US$ 49.85 billion in 2021, and it is expected to reach US$ 79.01 billion by 2028, with a CAGR of 6.80% during the forecast period of 2022 - 2028. The research provides up-to-date Gastroenterology market analysis of the current market landscape, latest trends, drivers, and overall market environment.

The increased prevalence of gastrointestinal ailments is the main factor driving the growth of the gastroenterology industry. The expansion of clinical studies with solid results, rising healthcare costs, and an increase in the elderly population are additional significant factors boosting the growth of the gastroenterology market. These factors are also responsible for the rising incidence of gastrointestinal disorders brought on by poor dietary habits.

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New generation therapies come in a wide range, and examples include cellular therapy and creative tiny molecules. Hospitalizations and operations for GI illnesses are increasing, and biopharmaceutical firms are increasing their R&D expenditures to produce biologics and biosimilars. As of May 2021, there were around 6,443 ongoing clinical trials for gastrointestinal diseases in various stages of research, according to the National Clinical Trials (NCT) registry. The positive outcomes of these investigations may over the projected period lead to new opportunities for effective medications.

Read market research report, " Global Gastroenterology Market is segmented based on Drug Type, Dosage Form, Application and Regions. Based on Drug Type, the market is segmented into Antacids, Laxatives, Antidiarrheal agents, Antiemetics, Antiulcer agents, and Other Drug Types. Based on Dosage Form, the market is segmented into Oral, Parenteral, and Other Dosage Forms. Based on Application, the market is segmented into Ulcerative Colitis, Irritable Bowel Syndrome, Crohn's Disease, Celiac Disease, Gastroenteritis, and Other Applications & By Region- Forecast and Analysis 2022-2028" by SkyQuest.

Rising incidence of gastrointestinal diseases and increasing R & D activities to boost the market growth
Gallstones, ulcerative colitis, fissure, hemorrhoids, irritable bowel syndrome (IBS), and gastroesophageal reflux disease (GERD) are among the gastrointestinal disorders that have seen a sharp increase in occurrence worldwide. Poor diet, a sedentary lifestyle, stress, food sensitivity, and bacterial or viral infections are the key contributors to the increased prevalence of chronic and acute gastrointestinal diseases. Numerous medications, including antacids, histamine H2-receptor antagonists, laxatives, proton pump inhibitors, and antibiotics, are becoming more and more popular for treating a variety of gastrointestinal illnesses and avoiding their linked medical complications. The demand for various classes or types of pharmaceuticals to treat gastrointestinal conditions is increasing as a result, and this is causing the global market for therapeutics for gastrointestinal disorders to rise.
The rise in severe to moderate gastrointestinal problems, such as ulcerative colitis, Crohn's disease, and other gastrointestinal afflictions, is driving the demand for the development of cutting-edge medications.

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Pharmaceutical and biotechnology companies are focusing on R&D to research and develop novel pharmaceuticals for the treatment of gastrointestinal diseases in order to increase their product pipeline. The development of novel, cutting-edge medicines for effectively treating gastrointestinal illnesses is becoming a growing area of focus for businesses, which is expected to lead to growth possibilities for the global market for therapeutics for gastrointestinal illnesses throughout the forecast period. The increased development of gastrointestinal sickness pharmaceuticals by local and international vendors is predicted to considerably contribute to the expansion of the global market for therapeutics for gastrointestinal disorders during the forecast period.

The report published by SkyQuest Technology Consulting provides in-depth qualitative insights, historical data, and verifiable projections about Gastroenterology Revenue. The projections featured in the report have been derived using proven research methodologies and assumptions.

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What does this Report Deliver?
● Market Estimation for 20+ Countries
● Gastroenterology Market demand by Region, Sub-Region, and Country
● Customization on Segments, Regions, and Company Profiles
● 100+ tables, 150+ Figures
● Global, Regional and Country specific Gastroenterology Market Trends
● Comprehensive Mapping of Gastroenterology Industry Parameters
● Attractive Investment Proposition in the Global Gastroenterology Industry
● Competitive Strategies Adopted by Gastroenterology Market Key Players
● Drivers, Restraints, Opportunities, Challenges and the impact on the Gastroenterology Market Size
● Market growth rate till 2028
● Regulatory scenario, regional dynamics, and gastroenterology market insights of leading countries in each region
● In-depth Market insights by Region and Country
● Market Segmentation Trend Analysis, Opportunities and Growth
● Porter's five force analysis to know the market's condition
● Pricing Analysis and Gastroenterology Market Sales
● Parent market analysis
● Product portfolio benchmarking

SkyQuest has segmented the Global Gastroenterology Market based on Drug Type, Dosage Form, Application and Region:
● Global Gastroenterology Market By Drug Type (Revenue, US$ billion, 2021-2028)
○ Antacids
○ Laxatives
○ Antidiarrheal agents
○ Antiemetics
○ Antiulcer agents
○ Other Drug Types
● Global Gastroenterology Market By Dosage Form(Revenue, US$ billion, 2021-2028)
○ Oral
○ Parenteral
○ Other Dosage Forms
● Global Gastroenterology Market By Application (Revenue, US$ billion, 2021-2028)
○ Ulcerative Colitis
○ Irritable Bowel Syndrome
○ Crohn's Disease
○ Celiac Disease
○ Gastroenteritis
○ Other Applications
● Global Gastroenterology Market By Region (Revenue, US$ billion, 2021-2028)
○ North America
■ U.S.
■ Canada
■ Mexico
○ Europe
■ Germany
■ France
■ U.K.
■ Italy
■ Spain
■ Rest of Europe
○ Asia Pacific
■ China
■ Japan
■ India
■ Australia
■ Rest of Asia Pacific
○ Latin America
■ Brazil
■ Argentina
■ Rest of Latin America
○ Middle East & Africa
■ Turkey
■ South Africa
■ Rest of Middle East & Africa

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Key Players in the Global Gastroenterology Market
● Abbott Laboratories (US)
● AbbVie Inc. (US)
● AstraZeneca Plc (UK)
● Bausch Health Companies Inc. (Canada)
● Boehringer Ingelheim International GmbH (Germany)
● GlaxoSmithKline Plc (UK)
● Johnson & Johnson (US)
● Merck & Co. Inc. (US)
● Takeda Pharmaceutical Co. Ltd. (Japan)
● UCB SA (Belgium)
● Bayer AG (Germany)
● Pfizer Inc. (US)
● Cipla Inc. (India)
● Sebela Pharmaceuticals (US)

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This release was published on openPR.