Press release
Intestinal Pseudo Obstruction Treatment Market Analysis, Trends, Growth, Research And Forecast 2033
Intestinal Pseudo Obstruction Treatment Market
The Business Research Company offers in-depth market insights through Intestinal Pseudo Obstruction Treatment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The intestinal pseudo obstruction treatment market size has grown strongly in recent years. It will grow from $23.63 billion in 2023 to $24.98 billion in 2024 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to rise in chronic respiratory diseases, patient preference and compliance, convenience in self-administration, pediatric applications, market expansion in allergic rhinitis treatment, wider range of indications..
The intestinal pseudo obstruction treatment market size is expected to see strong growth in the next few years. It will grow to $30.87 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to increasing geriatric population, rising global respiratory issues, expanding applications in neurological disorders, personalized medicine trends, preventive healthcare initiatives, market penetration in emerging economies.. Major trends in the forecast period include advances in formulation technologies, focus on pediatric and geriatric applications, rise in self-administration devices, nasal powder inhalers, incorporation of biologics and peptides..
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Market Segmentation:
The intestinal pseudo obstruction treatment market covered in this report is segmented -
1) By Condition: Acute, Chronic
2) By Treatment: Medication, Surgery, Diet, Other Treatment
3) By Diagnosis: Physical Examination, Biopsy, Blood Test, Gastric Emptying Tests, Imaging Tests, Other Diagnosis
4) By End User: Hospitals And Clinics, Ambulatory Care Centers, Other End Users
Major Driver - Impact Of Rising Gastrointestinal Disease Prevalence On The Intestinal Pseudo-Obstruction Treatment Market
The increasing prevalence of gastrointestinal diseases is expected to propel the growth of the intestinal pseudo-obstruction treatment market going forward. Gastrointestinal diseases, or digestive disorders, refer to a wide range of conditions that impact the GI tract, which is the passageway from the mouth to the anus. Gastrointestinal diseases lead to various complications, including intestinal pseudo-obstruction, which necessitates developing and providing effective treatments to address symptoms. For instance, in January 2023, according to the American Cancer Society (ACS), a US-based health organization dedicated to eliminating cancer, gastrointestinal cancers increased by 3.18% to 348,840 compared to 338,090 in 2021 in the United States. Therefore, the increasing prevalence of gastrointestinal diseases will drive the growth of the intestinal pseudo-obstruction treatment market.
Competitive Landscape:
Major companies operating in the intestinal pseudo obstruction treatment market report are Pfizer Inc., Johnson & Johnson, Merck & Co Inc., AbbVie Inc., Novartis AG, Sanofi S.A., GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Boston Scientific Corporation, Biogen Inc., Olympus Corporation, Steris Plc, Aurobindo Pharma Limited, Dr. Reddy's Laboratories Ltd., Cipla Inc., Carestream Health, Ironwood Pharmaceuticals Inc, Fujifilm Healthcare Solutions, Basilea Pharmaceutica Ltd., Melinta Therapeutics LLC, VectivBio AG, Tetraphase Pharmaceuticals, Callisto Pharmaceuticals Inc.
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