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Viral Gastroenteritis Market Landscape to 2034: Key Forces Shaping the Next Decade of Growth
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.How Large Will the Viral Gastroenteritis Market Size By 2025?
The overall scale of the viral gastroenteritis market has demonstrated consistent expansion throughout the most recent years, projected to increase from its 2024 valuation of $6.75 billion to $7.06 billion by 2025, reflecting a compound annual growth rate (CAGR) of 4.7%. This upward trajectory observed during the historical period is supported by several key factors, namely the widespread occurrence of viral illnesses, improvements in worldwide sanitation standards, breakthroughs in detection methodologies, the rise in international movement and leisure activities, and the influence of weather patterns and ecological conditions.
How Big Is the Viral Gastroenteritis Market Size Expected to Grow by 2029?
Anticipated for the immediate future is considerable expansion within the viral gastroenteritis market, projecting an escalation to a valuation of $8.69 billion by the year 2029, underpinned by a consistent compound annual growth rate (CAGR) of 5.3%. This upward trajectory is fundamentally driven by enhanced global health readiness measures, the consequences stemming from shifts in the climate, the adoption of a unified 'one health' philosophy, improvements in monitoring disease outbreaks, and increased efforts in both public education and awareness campaigns. Throughout this projected period, key developments shaping the industry will encompass advancements in vaccine creation, the deployment of sophisticated diagnostic tools, the integration of remote medical consultation for initial assessments, joint research endeavors between entities, the advancement of treatments tailored to individuals, and the utilization of modern digital healthcare technologies.
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Which Key Market Drivers Powering Viral Gastroenteritis Market Expansion and Growth?
Anticipated expansion in the incidence of afflictions related to the digestive system is poised to fuel the progression of the viral gastroenteritis market in the future. Gastrointestinal (GI) conditions encompass ailments affecting any segment of the alimentary canal. Treatments involving pharmaceutical interventions and diagnostic procedures for viral gastroenteritis offer necessary and fitting medical support to affected individuals. To illustrate this trend, data from the Impact of IBD Report 2023, released in September 2023 by the IBD Clinical and Research Centre, a Canadian entity dedicated to enhancing the welfare of individuals with Crohn's disease and ulcerative colitis, reveals that in 2023 alone, more than 320,000 people in Canada suffered from inflammatory bowel disease (IBD), marking a prevalence rate of 825 per 100,000, and with projections indicating a yearly rise of 2.44% in prevalence, it is estimated that 1.1% of the population, equating to 470,000 Canadians, will be living with IBD by the year 2035, thus demonstrating how the escalating occurrence of GI disorders serves as a catalyst for the expansion of the viral gastroenteritis market.
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Which Fast-Growing Trends Are Poised to Disrupt the Viral Gastroenteritis Market?
A pivotal element shaping the landscape of the viral gastroenteritis market is the increasing focus on product innovation, with key industry participants channeling efforts into creating novel offerings to secure a more robust market standing. As an illustration, GlaxoSmithKline PLC, a pharmaceutical giant situated in the United Kingdom, secured authorization from the United States Food and Drug Administration in November 2022 for an applicator-only, liquid version of its ROTARIX vaccine, designed for prophylactic use against rotavirus gastroenteritis among infants. This recently authorized formulation simplifies administration procedures for medical professionals by negating the requirement to mix the vaccine preparation immediately prior to administration. This regulatory clearance was substantiated by comprehensive international study findings that confirmed the safety profile and acceptable tolerability levels relative to the previously available freeze-dried preparation, while also establishing its comparable immunogenic potential.
What Are the Emerging Segments in the Viral Gastroenteritis Market?
The viral gastroenteritismarket covered in this report is segmented -
1) By Drugs: Antibiotics; Antacids; Laxatives; Antimotility Agents; Others Drugs
2) By Diagnosis: Physical Examination; Rapid Stool Test
3) By Indication: Watery Diarrhea; Abdominal Cramps; Pain; Other Indications
4) By Type Of Virus: Norovirus; Rotavirus; Astrovirus; Enteric Adenovirus
5) By End User: Hospitals; Clinics; Pharmaceutical Companies; Diagnostic Centers; Ambulatory Care Centers; Others End Users
Subsegments:
1) By Antibiotics: Broad-Spectrum Antibiotics; Narrow-Spectrum Antibiotics; Penicillins; Macrolides; Cephalosporins
2) By Antacids: Proton Pump Inhibitors (PPIs); Histamine-2 Receptor Antagonists (H2 Blockers); Magnesium-Based Antacids; Calcium-Based Antacids; Sodium Bicarbonate
3) By Laxatives: Bulk-Forming Laxatives; Osmotic Laxatives; Stimulant Laxatives; Stool Softeners
4) By Antimotility Agents: Loperamide; Diphenoxylate
5) By Other Drugs: Oral Rehydration Salts (Ors); Zinc Supplements; Antiemetics
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Who Are the Global Leaders in the Viral Gastroenteritis Market?
Major companies operating in the viral gastroenteritis market include Pfizer Inc., Abbvie Inc., Sanofi S.A., Abbott Laboratories, GlaxoSmithKline Plc., Takeda Pharmaceutical Company Limited, C.H. Boehringer Sohn AG & Co. KG, Mylan N.V., Astellas Pharma Inc., Fresenius Kabi AG, Bausch Health Companies Inc., Alexion Pharmaceuticals Inc., Horizon Therapeutics Plc, Dr. Reddy's Laboratories Ltd., BioMarin Pharmaceutical Inc., Lupin Limited, Zydus Lifesciences Limited, Alkem Laboratories Ltd, Ironwood Pharmaceuticals Inc, ANI Pharmaceuticals Inc., Merck Sharp & Dohme Corp., Allergan plc, Haustus Biotech Private Limited, Gracia Lifesciences India Private Limited
Which are the Top Profitable Regional Markets for the Viral Gastroenteritis Industry?
North America was the largest region in the viral gastroenteritis market in 2024. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the viral gastroenteritis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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