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Exocrine Pancreatic Insufficiency Market 2024: Growth Drivers and Key Insights
Exocrine Pancreatic Insufficiency Market
Exocrine Pancreatic Insufficiency Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.34 billion In 2028 At A CAGR Of 6.5% :
The exocrine pancreatic insufficiency market size has grown strongly in recent years. It will grow from $2.41 billion in 2023 to $2.59 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth in the historic period can be attributed to increased awareness and diagnosis, growing prevalence of digestive disorders, aging population and pancreatic function decline, rise in gastrointestinal surgeries..
The exocrine pancreatic insufficiency market size is expected to see strong growth in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to continued increase in awareness and screening, expanding geriatric population, rising incidence of chronic diseases, improvements in patient access to healthcare, research and development in digestive health.. Major trends in the forecast period include telehealth and digital health solutions, collaborative research initiatives, focus on pediatric epi, regulatory advances and fast-track designations, market expansion in emerging economies, advancements in healthcare infrastructure..
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Exocrine Pancreatic Insufficiency Market Major Segments
Key Driver - Increasing Prevalence Of Chronic Diseases Boosts Growth Prospects For The Exocrine Pancreatic Insufficiency (EPI) Market
The rise in chronic diseases is expected to propel the growth of the exocrine pancreatic insufficiency market going forward. Chronic diseases are long-term medical conditions that persist over an extended period, typically three months or more. The prolonged presence of the underlying disease can also increase the likelihood of developing secondary complications like exocrine pancreatic insufficiency, which fuels the better management of chronic conditions through medical interventions and therapies and can lead to longer life spans for individuals with these conditions. For instance, in January 2023, according to a report published by the National Library of Medicine, a US-based agency, the number of individuals aged 50 years and older having one or more chronic illnesses and is projected to rise by 99.5%, reaching 142.66 million by 2050, up from 71.522 million in 2020 in the United States. Therefore, the rise in chronic diseases will drive the growth of the exocrine pancreatic insufficiency market.
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Prominent Trend - Enhancing Patient-Centric Approaches In The Exocrine Pancreatic Insufficiency Market
Major companies operating in the exocrine pancreatic insufficiency market are focusing on creating patient advocacy groups to support patient-centric product development. Patient advocacy groups in exocrine pancreatic insufficiency (EPI) are organizations dedicated to supporting and advocating for individuals affected by exocrine pancreatic and empowering individuals to learn about their condition and treatment options. For instance, in November 2021, Aimmune Therapeutics, Inc., a US-based biopharmaceutical company specializing in exocrine pancreatic insufficiency (EPI) and chronic pancreatitis treatment, partnered with Mission: Cure, a US-based nonprofit organization dedicated to EPI treatment, to introduce a new online patient community on the HealthUnlocked network. This platform offers crucial support and information to patients with pancreatitis, including exocrine pancreatic insufficiency (EPI). The district serves as a space for patients to connect, share their experiences, and receive support for managing chronic pancreatitis and related conditions.
Exocrine Pancreatic Insufficiency Market Players
Major companies operating in the exocrine pancreatic insufficiency market report are Pfizer Inc., F. Hoffmann-La Roche AG, Merck & Co. Inc., Janssen Pharmaceuticals Inc., AbbVie Inc., Bayer AG, Novartis AG, Sanofi S.A., AstraZeneca plc, Medtronic plc, Eli Lilly and Company, Gilead Sciences Inc., Nestle Health Science S.A., Allergan plc, Chiesi Farmaceutici S.p.A., Wockhardt Ltd., Amryt Pharma Plc, Codexis Inc., Nordmark Arzneimittel GmbH & Co. KG, Aimmune Therapeutics Inc, Digestive Care Inc., Enzymedica Inc., Vivus Inc., Alcresta Therapeutics Inc., Cilian AG, Perseo Pharma AG, Enzyme Development Corporation, First Wave BioPharma Inc., Synspira Therapeutics
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Largest And Fastest Growing Region In The Market
North America was the largest region in the exocrine pancreatic insufficiency market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the exocrine pancreatic insufficiency market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Exocrine Pancreatic Insufficiency Market Report Structure
3. Exocrine Pancreatic Insufficiency Market Trends And Strategies
4. Exocrine Pancreatic Insufficiency Market - Macro Economic Scenario
5. Exocrine Pancreatic Insufficiency Market Size And Growth
…..
27. Exocrine Pancreatic Insufficiency Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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