Gastrointestinal Therapeutics Market size is expected to reach US$ 78.58 Bn. by 2030, at a CAGR of 5.59% during the forecast period. The report has covered Country Market trends with competitive landscape.
Anticipated Growth in Revenue:
The Gastrointestinal (GI) therapeutics market is poised for substantial expansion, with a projected value of US$ 78.58 billion by 2030, marking a notable compound annual growth rate (CAGR) of 5.59% during the forecast period. This market, fueled by a confluence of factors, presents a landscape ripe with opportunities for stakeholders across the globe.
Gastrointestinal Therapeutics Market Overview
The burgeoning market for GI therapeutics finds its impetus in the escalating acceptance of biologics as a cornerstone in the treatment paradigm for gastrointestinal ailments. Biologics such as tofacitinib and vedolizumab, alongside FDA-approved drugs like Humira, Amjevita, Cimzia, Remicade, and Entyvio, have exhibited commendable long-term efficacy, evidencing significant reductions in surgeries, hospitalizations, and convalescent stays.
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Report Scope:
This comprehensive report delves into the market trends of various countries, offering insights into the competitive landscape shaping the trajectory of GI therapeutics. It navigates through the expanse of technological advancements and burgeoning R&D investments, particularly in biologics and targeted drugs tailored for gastrointestinal disorders.
Research Methodology:
The methodology employed in this report entails meticulous research and analysis, leveraging both primary and secondary sources. Through a synthesis of quantitative data and qualitative insights, the report provides a robust understanding of market dynamics, trends, and emerging opportunities.
Drivers:
The market is propelled by a multitude of drivers, prominently including the increasing adoption of biologics, technological innovations, and a conducive regulatory landscape. The advent of FDA-approved drugs, coupled with a pipeline brimming with promising candidates like ustekinumab and risankizumab, augurs well for market expansion.
Restraints:
However, the market is not devoid of challenges. High investment requisites for biologics, coupled with patent expirations, pose impediments to growth. Additionally, the emergence of biosimilars, exemplified by the case of Humira, presents a competitive challenge to market incumbents.
Segmentation
by Type
Branded
Generics
by Route of Administration
Oral
Intravenous
Others
by Application
Ulcerative Colitis
Crohn’s Disease
GERD
Others
by Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Regional Insights:
The market segmentation reflects a nuanced understanding of diverse factors influencing market dynamics. The generic segment is poised for significant growth, propelled by patent expirations and cost-effective alternatives. Meanwhile, regional dynamics underscore North America's dominance, driven by lifestyle changes and governmental initiatives aimed at combating gastrointestinal disorders.
Market Key Players:
1. Abbott Laboratories - Abbott Park, Illinois, United States
2. AstraZeneca - Cambridge, England
3. Bayer AG - Leverkusen, Germany
4. Janssen Pharmaceuticals (a subsidiary of Johnson & Johnson) - Beerse, Belgium
5. Takeda Pharmaceuticals - Tokyo, Japan
6. Pfizer - New York City, New York, United States
7. AbbVie Inc. - North Chicago, Illinois, United States
8. Valeant (Salix Pharmaceuticals) - Bridgewater, New Jersey, United States
9. Takeda Pharmaceutical Company Limited - Tokyo, Japan
10. Eisai Co. Ltd. - Tokyo, Japan
11. Johnson & Johnson Private Limited - Mumbai, India
12. Astellas Pharma Inc. - Tokyo, Japan
13. Sanofi S.A. - Paris, France
14. Bausch Health Companies Inc - Laval, Quebec, Canada
15. Cipla - Mumbai, India
16. Pfizer Inc. - New York City, New York, United States
17. Bayer AG - Leverkusen, Germany
18. Biogen - Cambridge, Massachusetts, United States
19. Azurity Pharmaceuticals, Inc. - Wilmington, Massachusetts, United States
20. Iterative Health - Boston, Massachusetts, United States
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Key questions answered in the Gastrointestinal Therapeutics Market report include:
- What is the current market size and forecasted growth of the Gastrointestinal Therapeutics Market?
- What are the primary drivers influencing the growth of the Gastrointestinal Therapeutics Market?
- What challenges and restraints are impacting the Gastrointestinal Therapeutics Market?
- How is the market segmented, and which segments are expected to show the highest growth?
- What are the key regional insights and which regions are leading the market?
- Who are the major players in the Gastrointestinal Therapeutics Market, and what are their strategies?
- What recent developments have taken place in the Gastrointestinal Therapeutics Market?
- What are the future prospects and trends in the Gastrointestinal Therapeutics Market?
- How has the COVID-19 pandemic impacted the Gastrointestinal Therapeutics Market?
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