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Gastroparesis Market Forecast 2025-2034: Comprehensive Analysis And Growth Opportunities
The Gastroparesis Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Projected Growth of the Gastroparesis Market?
The growth of the gastroparesis market size has been constant over recent periods, escalating from $6.84 billion in 2024 to $7.17 billion by 2025, reflecting a compound annual growth rate (CAGR) of 4.9%. The historic rise can be linked to the aging population, the escalating prevalence of diabetes, improved comprehension of gastrointestinal disorders, progressive treatment guidelines, and an increased recognition of gastroparesis.
Expectations are high for robust expansion in the gastroparesis market in the coming years, with the estimated market size shooting up to $8.82 billion in 2029, indicating a compound annual growth rate (CAGR) of 5.3%. Various factors that could contribute to this predicted growth during the forecast period include the introduction of innovative therapeutic options, an increasing preference for personalized medicine, greater application of digital health resources, enhancements in healthcare facilities and a growing emphasis on early diagnosis. The forecast period will likely also see certain trends dominating such as advancements in gastric electrical stimulation treatment, increasing studies on stem cell therapy, widespread adoption of minimally invasive surgical interventions, growing utilization of wearable health monitoring gadgets and emphasis on patient-oriented care models.
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What Are the Different Gastroparesis Market Segments?
The gastroparesis market covered in this report is segmented -
1) By Treatment Modality: Medications, Dietary Modifications, Medical Devices, Other Therapies
2) By Gastroparesis Type: Idiopathic, Diabetic, Post- Surgical, Other Types
3) By Patient Demographics: Pediatric Gastroparesis, Adult Gastroparesis
4) By Distribution Channel: Retail Pharmacies, Hospital Pharmacies, Other Distribution Channels
5) By End User: Hospitals And Clinics, Ambulatory Surgical Centers, Home Care Settings
Subsegments:
1) By Medications: Prokinetic Agents, Antiemetic Medications, Pain Management Medications
2) By Dietary Modifications: Low-Fiber Diets, Small, Frequent Meals, Pureed Or Liquid Diets
3) By Medical Devices: Gastric Electrical Stimulation Devices, Enteral Feeding Tubes
4) By Other Therapies: Acupuncture, Behavioral Therapies, Nutritional Supplements
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What Are the Primary Drivers Shaping the Gastroparesis Market?
The gastroparesis market's expansion is anticipated to be propelled by an increase in healthcare spending. This refers to the total resources dedicated to health services, such as hospital costs, medical professionals, nursing, dental care, medications, and public health initiatives. The surge in healthcare spend is accredited to multiple variables, including an aging populace, advancements in medical technology, increased prevalence of chronic diseases, and heightened expectation of better healthcare services among consumers. The gastroparesis market stands to gain from this rise in healthcare expenditure in terms of better funding for research and development, enhanced treatment possibilities, and wider patient access to specialist healthcare services. As an illustration, a report published by the UK-based governmental Office for National Statistics in May 2023 revealed that between 2022 and 2023, the UK's healthcare spending rose by 5.6%, juxtaposed against a 0.9% growth in 2022. The healthcare expenditure in the UK stood at approximately $317.63 billion (£292 billion) in 2023. Consequently, the escalation in healthcare expenditure is fuelling the growth of the gastroparesis market.
Which Companies Are Leading in the Gastroparesis Market?
Major companies operating in the gastroparesis market include Pfizer Inc., GlaxoSmithKline plc., Abbott Laboratories Inc., AstraZeneca Plc., Medtronic Plc., Takeda Pharmaceutical Company Limited, Johnson And Johnson Services Inc., Teva Pharmaceutical Industries Ltd, AbbVie Inc., Boston Scientific Corporation, Bausch Health Companies Inc., Cadila Pharmaceuticals Ltd., Daewoong Pharmaceutical co. ltd, ReGenXBio Inc., ANI Pharmaceuticals Inc., Dompe Farmaceutici S.p.A, Sucampo Pharmaceuticals Inc., Ironwood Pharmaceuticals Inc., Theravance Biopharma Inc., RedHill Biopharma Ltd., Valeant Pharmaceuticals International Inc., CinRx Pharma LLC., Ritter Pharmaceuticals Inc., Evoke Pharma Inc., Metacrine Inc., Neurogastrx Inc.
What Are the Major Trends Shaping the Gastroparesis Market?
Leading firms in the gastroparesis market are crafting inventive devices to bolster their market profitability. These are medical implements or apparatus specifically designed to manage or alleviate the symptoms of gastroparesis, an ailment marked by a delay in stomach emptying. To illustrate, Enterra Medical Inc., an American medical device company, introduced enterra therapy for gastroparesis treatment in 2022. The Enterra Therapy system uses an implanted neurostimulator to generate mild electrical pulses, potentially offering relief for chronic nausea and vomiting symptoms related to gastroparesis. This therapy is intended for individuals between 18 to 70 years old who are dealing with chronic, untreatable nausea and vomiting associated with diabetic or idiopathic gastroparesis.
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What Are the Top Revenue-Generating Geographies in the Gastroparesis Market?
North America was the largest region in the gastroparesis market in 2024. The regions covered in the gastroparesis 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 Gastroparesis Market?
2. What is the CAGR expected in the Gastroparesis Market?
3. What Are the Key Innovations Transforming the Gastroparesis Industry?
4. Which Region Is Leading the Gastroparesis Market?
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