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Gastrointestinal Disorder Therapeutics Market is Expected to Witness a Steady Growth by 2021
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Increasing incidences of gastrointestinal disorders that demands treatment by these therapeutics will boost the growth of this market. In addition, increasing stress, unhealthy dietary habits and geriatric population drives the growth of this market. Furthermore, increasing R&D activities of key players in order to develop new drugs will further drive the market growth. However, high competition among the key players to gain the market share may ultimately lead to price erosion. Thus, will restrain the growth of this market. In addition, these disorders have low diagnosis rates and therapeutics have high side effects that may restrain the market growth.
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Geographically, North America is considered to be the largest market of gastrointestinal therapeutics due to the large pool of patients of gastrointestinal disorders. In addition, launch of new and advanced drugs by key players coupled with increasing uptake of these drugs by consumers will further drive the market growth. Europe is considered as second largest market of gastrointestinal disorders therapeutics. Efforts of domiciled key players to fill their product pipeline with innovative drugs attracts number of customers and hence drives the market growth. In addition, Asia-Pacific region is the emerging market for gastrointestinal disorders market because of rising incidences of peptic ulcer, ulcerative colitis, irritable bowel syndrome and crohn’s disease.
Various key players contributing to the global gastrointestinal disorder therapeutics market comprises are AstraZeneca, Takeda Pharmaceutical Company, Johnson & Johnson, Eisai Co., Ltd., Abbott Laboratories, Salix Pharmaceuticals and others.
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