Press release
Elderly Population Boom Fuels Growth In Antispasmodic Drug Market: Key Factor Driving The Growth In The Antispasmodics Drugs Market
Antispasmodics Drugs Market Share
What Is the Expected Antispasmodics Drugs Market Size During the Forecast Period?
In recent times, the antispasmodics drugs market has seen substantial growth. With an expected rise from $13.76 billion in 2024 to $15.07 billion in 2025, the sector anticipates a compound annual growth rate (CAGR) of 9.5%. The previous growth can be credited to increasing instances of spasmodic conditions, progress in medical research, a greater aging population, lifestyle changes, and enhanced diagnostic methods.
It is anticipated that the antispasmodics drugs market will experience substantial growth in the coming years, expanding to $21.91 billion in 2029 with a compound annual growth rate (CAGR) of 9.8%. This growth during the forecast period is attributed to factors such as rising health care spending, personalized medicine, growth in global population, developing markets, and ongoing clinical trials and research. Key trends expected within this period are broadening applications for antispasmodics, enhancement of healthcare infrastructure, advancements in drug development, increased awareness and diagnosis, and a preference towards non-invasive treatment options.
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What Are the High-Growth Segments in the Antispasmodics Drugs Market?
The antispasmodics drugs market covered in this report is segmented -
1) By Drug: Dicyclomine Hydrochloride, Loperamide Hydrochloride, Other Drugs
2) By Indication: Irritable Bowel Syndrome, Stomach Cramps, Other Indications
3) By Route Of Administration: Oral, Parenteral, Other Modes Of Administrations
4) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
5) By End-User: Hospitals, Homecare, Specialty Clinics, Other End-Users
Subsegments:
1) By Dicyclomine Hydrochloride: Oral Tablets, Injectable Formulations
2) By Loperamide Hydrochloride: Oral Tablets, Liquid Formulations
3) By Other Drugs: Hyoscine Butylbromide (Scopolamine), Peppermint Oil, Atropine, Other Antispasmodics
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What Key Drivers Are Expected to Influence Future Antispasmodics Drugs Market Growth?
The exponential rise in the number of senior citizens is predicted to act as a catalyst for the advancement of the antispasmodic drug market in the future. Individuals who are 65 years old and up are classified as elderly, and these individuals typically encounter a range of physical and mental health-related problems. Antispasmodic medications play a crucial role in helping this demographic manage symptoms connected to various conditions that can spur muscle spasms or cramps, and are also employed for certain illnesses like irritable bowel syndrome (IBS), gastroesophageal reflux disease (GERD), interstitial cystitis, and uterine cramping. For example, as per the World Health Organization (WHO), a Switzerland-based global health authority, it is anticipated that by 2030, the worldwide segment of the population aged 60 and above will escalate to 1.4 billion. It is estimated that the number of people aged 60 and over will rise twofold by 2050 (2.1 billion). Furthermore, the total count of individuals aged 80 and over is predicted to see a significant uptick, reaching 426 million by 2050. As such, an escalation in the elderly population will power the progress of the antispasmodic drug market.
Which Companies Hold the Largest Share Across Different Antispasmodics Drugs Market Segments?
Major companies operating in the antispasmodics drugs market include Daiichi Sankyo Company Limited, Fresenius Kabi AG, Hikma Pharmaceuticals plc, Johnson & Johnson Services Inc., Pfizer Inc., Shanghai Fosun Pharmaceutical Co. Ltd., Takeda Pharmaceutical Company Limited, Akorn Inc., Aurobindo Pharma Limited, Lannett Company Inc., Nexus Pharmaceuticals Inc., Actiza Pharmaceutical Private Limited, Blue Cross Laboratories Pvt. Ltd., Dr. Reddy's Laboratories Ltd., Lexicare Pharma Pvt. Ltd., Solitaire Pharmacia Private Limited, Strides Pharma Science Limited, Wellona Pharma Private Limited, SunGen Pharma LLC, GlaxoSmithKline plc, Novartis AG, Sanofi SA, AstraZeneca plc, Merck & Co. Inc., Bayer AG, Teva Pharmaceutical Industries Ltd., Endo Pharmaceuticals Inc., Sun Pharmaceutical Industries Ltd., Cipla Ltd., Lupin Ltd.
What Trends Are Driving Growth in The Antispasmodics Drugs Market?
Pioneering novel products is becoming a significant trend in the antispasmodic drugs market. Top entities in the antispasmodic drug industry are concentrating on creating ingenious solutions to consolidate their market stance. For example, Ardelyx Inc., an American biopharmaceutical organization, unveiled IBSRELA in April 2022, which is a treatment for sufferers of irritable bowel syndrome with constipation (IBS-C) and works as an NHE-3 inhibitor. This product provides an innovative therapeutic alternative with an unprecedented mechanism of actions and impressive efficacy to treat constipation and a variety of belly symptoms commonly found in IBS-C patients, as corroborated by Phase 3 clinical research.
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What Are the Emerging Geographies for The Antispasmodics Drugs Market Growth?
North America was the largest region in the antispasmodics drugs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the antispasmodics drugs market report during the forecast period. The regions covered in the antispasmodics drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Antispasmodics Drugs Market?
2. What is the CAGR expected in the Antispasmodics Drugs Market?
3. What Are the Key Innovations Transforming the Antispasmodics Drugs Industry?
4. Which Region Is Leading the Antispasmodics Drugs Market?
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