Press release
Gastrointestinal Therapeutics Market Worth $64.5 billion by 2032 | Organon Group of Companies, Bausch Health Companies Inc., Teva Pharmaceutical Industries Limited, AbbVie Inc.
According to the report, the global gastrointestinal therapeutics industry generated $39.5 billion in 2022, and is anticipated to generate $64.5 billion by 2032, witnessing a CAGR of 5.0% from 2023 to 2032.
Request Sample of the Report:
https://www.alliedmarketresearch.com/request-sample/3535
The global gastrointestinal therapeutics market is poised for significant growth driven by various factors, although there are challenges to navigate, especially during economic downturns like recessions. Here's a summarized breakdown of the key points:
Key Growth Drivers:
Prevalence of Gastrointestinal Diseases: An increase in gastrointestinal diseases boosts demand for therapeutics.
Geriatric Population: The aging population often requires gastrointestinal treatments.
Product Launches: New product introductions contribute to market growth.
R&D Activities: Ongoing research and development activities present growth opportunities.
Emerging Markets: Emerging markets show promise due to funding activities, demand for better healthcare, and increased need for gastrointestinal treatments.
Challenges:
Regulatory Hurdles: Stringent government regulations for biosimilars and drug patents expiration hinder market growth.
Recession Impact:
Negative Impact: Tightened budgets may reduce healthcare spending and access to medications.
Positive Impact: Despite economic challenges, R&D activities and pipeline products are moderately benefiting from the recession.
Segment Insights:
Biologics: Leading the market, with a high growth rate due to their effectiveness in treating complex gastrointestinal disorders.
Inflammatory Bowel Disease: Dominating the application segment with a high growth rate driven by increasing cases, treatment advancements, and rising awareness.
Distribution Channels:
Drug Stores and Retail Pharmacies: Leading due to high accessibility.
Online Providers: Witnessing the fastest growth due to the adoption of telemedicine and digital healthcare platforms.
Regional Analysis:
North America: Dominates the market due to drug availability, advanced healthcare infrastructure, and high disease prevalence.
Asia-Pacific: Expected to grow rapidly with a significant CAGR, driven by an aging population, rising disease prevalence, R&D activities, and increased healthcare expenditure.
For Purchase Inquiry: https://www.alliedmarketresearch.com/purchase-enquiry/3535
Leading Market Players:
The report highlights key players like AbbVie Inc., Astrazeneca plc, Pfizer Inc., among others.
These companies employ strategies such as product launches, clinical trials, and geographic expansion to maintain their market dominance.
In summary, while the gastrointestinal therapeutics market faces challenges from regulatory constraints and economic downturns, it continues to expand driven by disease prevalence, technological advancements, and increasing healthcare investments. North America remains a dominant player, but the Asia-Pacific region is showing promising growth potential. The competitive landscape is dynamic with leading players constantly innovating and expanding their market presence.
Contact :
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int'l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Gastrointestinal Therapeutics Market Worth $64.5 billion by 2032 | Organon Group of Companies, Bausch Health Companies Inc., Teva Pharmaceutical Industries Limited, AbbVie Inc. here
News-ID: 3466875 • Views: …
More Releases from Allied Market Research
Global Urinary Drainage Bags Market: Trends, Growth, and Insights to 2031
The global urinary drainage bags market is experiencing robust growth, with its market size valued at $1.4billion in 2021 and projected to reach $2billion by 2031. This expansion represents a compound annual growth rate (CAGR) of 3.8% from 2021 to 2031, highlighting the increasing demand for these essential medical devices.
Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/A17529
What Are Urinary Drainage Bags?
Urinary drainage bags are specialized medical devices designed to collect…
Cream Powder Market to Reach $8.9 Billion by 2031 with 6.4% CAGR
The global cream powder industry was estimated at $4.8 billion in 2021 and is expected to hit $8.9 billion by 2031, registering a CAGR of 6.4% from 2022 to 2031.
The cream powder market is experiencing growth due to various factors, including the increasing popularity of bakeries and HoReCa (hotels, restaurants, and cafes) and rising consumer demand for natural products. The dairy-based segment is a significant contributor to the market's growth…
Micro Drone Market Valued at $6.71 Billion in 2020, Expected to Reach $28.91 Bil …
The global micro drone industry generated $6.71 billion in 2020, and is expected to reach $28.91 billion in 2030, witnessing a CAGR of 17.2% from 2021 to 2030. The report provides an extensive analysis of changing market dynamics, top segments, top investment pockets, regional landscape, value chain, and competitive scenario.
Increased operational efficiency and rise in demand for improved surveillance drive the growth of the global micro drone market. However, strict…
Microwavable Foods Market to reach $230.93 billion by 2031, growing at a CAGR of …
The global microwaveable foods industry was accounted for $120.45 billion in 2020, and is expected to reach $230.93 billion by 2031, growing at a CAGR of 5.6% from 2022 to 2031.
Rise in popularity of fast-food restaurants and large population base coupled with increase in number of quick-service restaurants drive the global microwaveable foods market. However, lack of awareness about microwavable foods hinders the market growth. On the contrary, rise in…
More Releases for Gastrointestinal
Prominent Gastrointestinal Pathogen Testing Market Trend for 2025: Advancements …
What combination of drivers is leading to accelerated growth in the gastrointestinal pathogen testing market?
The rise in foodborne diseases is expected to drive the growth of the gastrointestinal pathogen testing market. Foodborne diseases, caused by consuming contaminated food or drinks, are on the rise due to changes in food production and distribution, inadequate food safety measures, and climate change. Gastrointestinal pathogen testing helps identify pathogens responsible for foodborne illnesses, aiding…
Major Market Shift in Gastrointestinal Pathogen Testing Industry: Advancements I …
What Is the Forecasted Market Size and Growth Rate for the Gastrointestinal Pathogen Testing Market?
The market size for gastrointestinal pathogen testing has seen a consistent growth lately. Projected to surge from $4.05 billion in 2024 to $4.24 billion in 2025, it is expected to grow at a compound annual growth rate (CAGR) of 4.6%. The growth observed during the historic period can be ascribed to factors such as the amplified…
Gastrointestinal Bleeding Treatment Devices Market Report 2024 - Gastrointestina …
"The Business Research Company recently released a comprehensive report on the Global Gastrointestinal Bleeding Treatment Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free…
Gastrointestinal (GI) Stents Market is Driven by Rising Prevalence of Gastroint …
The Gastrointestinal (GI) Stents Market research report provides an in depth examination of the key factors stimulating market expansion. It also sheds light on the challenges or restraining factors that are poised to hinder industry growth over the forecast timeframe. Growth rate, market share captured, and valuation estimates for each region, segment, and company are documented as well.
View Report - https://www.theinsightpartners.com/reports/gastrointestinal-gi-stents-market/
Gastrointestinal stents are used as an effective alternate to perform…
Gastrointestinal Devices Market Report 2018: Segmentation by Type (Gastrointesti …
Global Gastrointestinal Devices market research report provides company profile for Coloplast, Given Imaging, CONMED, Covidien, Ethicon, Olympus, Boston Scientific and Others.
This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed segmentation…
Global Gastrointestinal Industry Report 2016
Global Gastrointestinal Industry 2016 Market Overview, Size, Share, Trends, Analysis, Technology, Applications, Growth, Market Status, Demands, Insights, Development, Research and Forecast 2016-2020.
The analysts of the global Gastrointestinal market report have taken on the challenge of procuring insightful data from reliable resources and precisely segregating critical market dynamics, given the voluminous amount of information available. Established and novice players in the Gastrointestinal market can secure their position on the cutting edge…
