Press release
Gastroparesis Drugs Market: $6,662.35 Million by 2032, 4.4% CAGR
The gastroparesis drugs market size was valued at USD 4,529.75 million in 2023. The market is anticipated to grow from USD 4,720.90 million in 2024 to USD 6,662.35 million by 2032, exhibiting a CAGR of 4.4% between 2024 and 2032.Market Overview:
Gastroparesis is a disorder in which the stomach gets paralyzed. This paralysis interferes with the normal working of the stomach, resulting in food getting stuck in the stomach. Individuals suffering from gastroparesis have trouble consuming food as there is a decrease in appetite. This results in leaving behind a hard mass of food in the stomach, causing discomfort to the patient. Gastroparesis drugs aim to solve this disorder by stimulating movement in the stomach in order to pass the undigested food from the stomach.
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Major Participants:
Numerous pharmaceutical companies are continuously innovating, researching, and finding new ways to improve the efficacy of gastroparesis drugs. Some of the major companies in the gastroparesis market are:
• Abbott Laboratories (US)
• AbbVie Inc. (US)
• Allergan Inc. (US)
• Evoke Pharma (US)
• Medtronic Plc (Ireland)
• Neurogastrx Inc. (US)
• Pfizer Inc. (US)
• Rhythm Pharmaceuticals Inc. (US)
• Salix Pharmaceuticals (US)
• TEVA Pharmaceutical (Israel)
• Vanda Pharmaceuticals Inc. (US)
Growth Drivers:
• The increasing prevalence of gastroparesis among diabetic patients is boosting the market growth. As the incidents pertaining to diabetes are increasing dramatically worldwide, the risk of developing gastroparesis among individuals also rises. Also, the surging aging or geriatric population, who are more susceptible to the disease due to several physical changes in the body, are prone to relying on the gastroparesis drug market.
• The rising number of regulatory approvals for new and improved drugs for the treatment of gastroparesis from major government authorities such as the US Food and Drug Administration and European Medicines Association, coupled with the expansion of existing treatment solutions, is projected to have a positive impact on global market growth.
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Segmental Analysis
• The gastroparesis market is segmented based on drug class, disease class, end user, and region.
• The drug class segment is categorized into prokinetic agents, antiemetic agents, and botulinum toxin injections. The prokinetic agents segment accounted for the largest share in 2023.
• The end user segment is categorized into hospitals, pharmacies, clinics, and e-commerce. The pharmacies segment is expected to witness the fastest growth during the forecast period.
Regional Overview:
Gastroparesis Drugs Market, Regional Outlook (Revenue - USD Million, 2019-2032)
o North America
Drug Class Outlook
Prokinetic Agents
Antiemetic Agents
Botulinum Toxin Injections
Disease Class Outlook
Diabetic Gastroparesis
Idiopathic Gastroparesis
Post-surgical Gastroparesis
Others
End User Outlook
Hospitals
Pharmacies
Clinics
E-commerce
o Europe
Drug Class Outlook
Prokinetic Agents
Antiemetic Agents
Botulinum Toxin Injections
Disease Class Outlook
Diabetic Gastroparesis
Idiopathic Gastroparesis
Post-surgical Gastroparesis
Others
End User Outlook
Hospitals
Pharmacies
Clinics
E-commerce
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