Press release
Diabetic Gastroparesis Market - Global Revenue Growth Expectations in the Near Future
According to the latest market report published by Persistence Market Research titled "Diabetic Gastroparesis Treatment Market: Global Industry Analysis and Forecast, 2016 - 2024", revenue from the global diabetic gastroparesis treatment market is projected to register a CAGR of 4.1% during the forecast period (2016-2024).Diabetic gastroparesis is the symptom of delayed gastric emptying affecting patients suffering from Type-1 and Type-2 diabetes. The disease primarily has no cure but its symptoms are treatable via various types of drugs and devices. The global diabetic gastroparesis treatment market was valued at US$ 2,650 Mn in 2015, which is expected to increase to US$ 3,769.3 Mn by 2024. The report analyzes the global diabetic gastroparesis treatment market in terms of market value on the basis of product type, disease indication, and distribution channel; and provides information regarding regional market dynamics, regulations, current trends, market estimations, and forecast.
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Rising prevalence of Type-1 and Type-2 diabetes with high unmet medical needs, growing demand for minimally invasive treatment for refractory gastroparesis, and availability of reimbursement for in-patient hospital stays are driving growth of the global diabetic gastroparesis treatment market. Increasing use of diabetic gastroparesis drugs to control symptoms such as nausea and vomiting is anticipated to fuel growth of the global diabetic gastroparesis treatment market over the forecast period.
However, usage of non-prescription drugs to control the symptoms restricts diagnosis of stage 1 and stage 2 gastroparesis. Lack of clinical evidence on improvement offered by prescription drugs and termination of clinical trials are factors expected to hamper growth of the global diabetic gastroparesis treatment market over the forecast period.
The global diabetic gastroparesis treatment market has been segmented on the basis of product type into drugs and surgical treatment products; on the basis of disease indication into compensated gastroparesis and gastric failure; and on the basis of distribution channel into hospital pharmacies, private clinics, drug stores, retail pharmacies, and e-commerce. Among product types, the drugs segment dominated the market with maximum revenue share of 66% in 2015 followed by the surgical treatment product segment with 34% share.
Companies
• Janssen Global Services, LLC
• Evoke Pharma
• Cardinal Health, Inc.
• Salix Pharmaceuticals, Inc.
• Alfa Wassermann SPA
• Abbott Laboratories
• Medtronic Plc.
• C. R. Bard, Inc.
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Some of the top companies profiled in the report are Janssen Global Services, LLC, Salix Pharmaceuticals, Inc., Abbott Laboratories, Medtronic, C. R. Bard, Inc., Kimberly-Clark Corporation, Boston Scientific Corporation, Cardinal Health, Inc., Rhythm Pharmaceuticals, Inc., Evoke Pharma, and Alfa Wassermann SPA. Leading market players are continuously introducing novel products to enhance their product portfolio, increase market share, and expand customer base.
Key Questions Answered in This Report.
• What are the Roadblocks for Diabetic Gastroparesis Suppliers?
• What are the Key Opportunities for Diabetic Gastroparesis Manufacturers?
• How is Focus on Safety Influencing Diabetic Gastroparesis Demand?
• What is the Regulatory Impact on Global Sales of Diabetic Gastroparesis?
• Which Region Offers the Largest Opportunity for Sales of Diabetic Gastroparesis?
• Where Does the U.S. Stand in the Market for Diabetic Gastroparesis?
• What Is the Outlook for Diabetic Gastroparesis Manufacturers in China?
• Why is Germany a Lucrative Market for Diabetic Gastroparesis Manufacturers?
• Why Will Belgium Outpace Other European Markets for Diabetic Gastroparesis?
• Why is There High Demand for Tires in Diabetic Gastroparesis?
• Why are Sales of Diabetic Gastroparesis Surging?
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About Us
Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.
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