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Top Market Shifts Transforming the Digestive and Intestinal Remedies Market Landscape: Key Insights
Digestive and Intestinal Remedies Market Size
What Is the Expected CAGR for the Digestive and Intestinal Remedies Market Through 2025?
The market for digestive and intestinal remedies has seen robust growth in the recent past. It is projected to expand from $21.37 billion in 2024 to $22.5 billion in 2025, with a compound annual growth rate (CAGR) of 5.3%. The historical growth can be credited to the prevalence of traditional remedies, alterations in lifestyle, heightened stress levels, changes in diet, and the effects of the COVID-19 pandemic.
What's the Projected Size of the Global Digestive and Intestinal Remedies Market by 2029?
The industry for digestive and intestinal treatments is forecasted to experience robust expansion in the upcoming years. The market is projected to reach a value of $29.16 billion in 2029, with a compound annual growth rate (CAGR) of 6.7%. Various factors driving growth in this period include increased accessibility to healare, international health occurrences, heightened awareness and concern for health, an aging demographic, and the introduction of innovative products. Key trends for this forecast period encompass increased healare access, environmental aspects, consumer literacy, regulatory frameworks, and advancements in the pharmaceutical sector.
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Top Growth Drivers in the Digestive and Intestinal Remedies Industry: What's Accelerating the Market?
The rise in gastrointestinal ailment cases is anticipated to fuel the expansion of the digestive and intestinal remedy market. Gastrointestinal disorders encompass a range of conditions such as nausea, food poisoning, vomiting, and diarrhea, which adversely affect the biological functioning of the gastrointestinal (GI) tract. The escalating prevalence of these disorders facilitates a surging demand for digestive and intestinal remedies that can adequately address these diseases. For example, the American Cancer Society, a non-profit organization based in the U.S., estimated in January 2024 that approximately 26,890 new cases of stomach cancer are expected to emerge in the U.S. in 2024, including 16,160 cases in men and 10,730 in women. This form of cancer is also projected to result in around 10,880 deaths, with 6,490 men and 4,390 women included. Consequently, a surge in gastrointestinal ailment cases is anticipated to stimulate the growth of the digestive and intestinal remedy market.
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What Trends Will Shape the Digestive and Intestinal Remedies Market Through 2029 and Beyond?
The surge in technological advancements is an emerging trend in the digestive and intestinal remedy market. Key players in this market are concentrating on producing state-of-the-art technologies for effective management and monitoring of digestive health. Recently, the use of breath analyzers to collect clinical data pertaining to the digestive system has been observed in the market. For example, FoodMarble, an Ireland based enterprise that specializes in breath testing devices, revealed the AIRE 2 digestive breath tester in February 2022. This compact device enables individuals with digestive complications such as SIBO (Small Intestinal Bacterial Overgrowth) and IBS to track their digestion in real-time, thereby facilitating better health management. This sophisticated device is able to recognize foods that accelerate fermentation in the gut, which can instigate various digestive effects. This device is also intended to be used by healare practitioners to obtain a more comprehensive understanding of the patients' digestive disorders such as IBS and SIBO.
What Are the Main Segments in the Digestive and Intestinal Remedies Market?
The digestive and intestinal remedies market covered in this report is segmented -
1) By Type: Digestive Medicines, Remedies Against Gastrointestinal Complaints, Natural And Synthetic Agents
2) By Age Group: Pediatric, Adults
3) By Distribution Channel: Online, Offline
Subsegments:
1) By Digestive Medicines: Antacids, Digestive Enzymes, Proton Pump Inhibitors (PPIs), H2-Receptor Antagonists
2) By Remedies Against Gastrointestinal Complaints: Anti-Nausea Medications, Antidiarrheal Agents, Laxatives, Gastroprotective Agents
3) By Natural And Synthetic Agents: Herbal Remedies, Synthetic Antispasmodics, Probiotics And Prebiotics
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Which Top Companies are Driving Growth in the Digestive and Intestinal Remedies Market?
Major companies operating in the digestive and intestinal remedies market are Bayer AG, Abbott Laboratories, Bausch Health Companies Inc., Eli Lilly and Company, GlaxoSmithKline PLC, Jiangzhong Pharmaceutical Co. Ltd., Johnson & Johnson Pvt. Ltd., Menarini Group, Merck Co. & KGaA, Pfizer Inc., Prestige Consumer Healare Inc., Procter & Gamble Company, Reckitt Benckiser Group PLC, Sanofi SA, Takeda Pharmaceutical Company Limited, AbbVie Inc., Alfa Wassermann and Sigma-Tau, Allergan PLC, AstraZeneca PLC, Boehringer Ingelheim International GmbH, Daiichi Sankyo Chemical Pharma Co. Ltd., Evoke Pharma Inc., Ipsen SA, Ironwood Pharmaceuticals Inc., Mundipharma, Mylan NV, Norgine Pharmaceuticals Ltd., Novartis AG, Otsuka Pharmaceutical Co. Ltd., Perrigo Company, Recordati S.p.A., RedHill Biopharma Ltd., Ritter Pharmaceuticals Inc., Salix Pharmaceuticals Inc.
Which Regions Will Dominate the Digestive and Intestinal Remedies Market Through 2029?
North America was the largest region in the digestive and intestinal remedies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digestive and intestinal remedies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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