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Gastroparesis Market Size | Segmentation, Outlook, Industry Report

10-29-2024 03:39 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Premium Market Insights

The Gastroparesis Market was valued at US$ 4,338.61 million in 2019 and is projected to reach US$ 6,025.11 million by 2027; it is expected to grow at a CAGR of 4.3%during 2020-2027.

The growth of the market is mainly attributed to the increasing prevalence of diabetes and growing geriatric population. However, side effects of gastroparesis drugs obstruct the growth of the market.

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Analysis of the Top Market Players:

1. EVOKE PHARMA
2. Bausch Health Companies Inc. (Salix Pharmaceuticals, Ltd.)
3. Johnson and Johnson Services, Inc.
4. Allergan Plc
5. NEUROGASTRX, INC.
6. TEVA PHARMACEUTICAL INDUSTRIES LTD
7. Pfizer Inc.
8. ANI Pharmaceuticals, Inc.
9. Ipca Laboratories Ltd.
10. Cinrx Pharma, LLC (Cindome Pharma)

In this report, the market has been segmented on the basis of:

Gastroparesis Type (Idiopathic, Diabetic, Post-Surgical, and Others)
Drug Class Type (Prokinetic Agents, Botulinum Toxin Injections, and Antiemetic Agents)
Distribution Channel (Retail Pharmacies, Hospital Pharmacies, and Others)

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Diabetes mellitus is a life-threatening chronic disease mainly caused by the body's inability to produce insulin or effectively utilize it. Diabetes is one of the global health emergencies of the 21st century. According to a report published by International Diabetes Federation (IDF) in 2019, 1 in 11 people in the world are suffering from diabetes. The total global count of people suffering from diabetes was around 463 million in 2019. Moreover, according to the same report, the prevalence of disease is expected grow by 35% by 2045. The data also suggests that almost 84 million people in Southeast Asia are diabetic; among these, 149,300 are children, and they require a daily dosage of insulin shots. In addition, the National Institutes of Health (NIH) also reported that the incidence of type 1 diabetes is increasing rapidly, and the disease is affecting a significant number of children and teenagers.

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