Rising Demand Drives Gastrointestinal Drugs Market Healthy Growth by 2022
Chicago, IL -- (SBWIRE) -- 08/14/2017 -- Gastrointestinal diseases mostly affect body parts like stomach, small intestine, large intestine, gall bladder, pancreas and rectum. The diseases can affect any group of people, but mostly occur in old aged population when the digestive track starts to weaken. Improper digestion, heartburn, gases, and inflammation are some of the basic symptoms of gastrointestinal diseases. This report studies the current and future aspects of gastrointestinal drugs market.
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The report on the global Gastrointestinal drugs market uses the top-down and bottom-up approaches to define, analyze, and describe the market trends for the next five years. The report also tracks the emerging applications, innovative technologies, and mergers & acquisitions. It also focuses on the growth drivers and restraints for the key market players during the forecast period.
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KEY PREMIUM INDUSTRY INSIGHTS
1. Major factor driving the gastrointestinal drugs market is the rise in occurrence of gastrointestinal diseases. Pharmaceutical companies of developed as well as developing countries are investing heavily in research and development activities and working on improving the efficacy of the drugs, thereby increasing the growth opportunities of the market.
2. Companies are collaborating and entering into a partnership which is also one of the factors contributing towards growth of the gastrointestinal drugs market. In addition, advancement in technology is boosting the global market growth.
3. With the rise in geriatric population and changes in lifestyle, the incidences of gastrointestinal diseases are explicitly increasing which is paving way to the growth of global gastrointestinal drugs market.
The gastrointestinal drugs market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the world. The North America region holds the highest market share and is the largest revenue contributor of the gastrointestinal drugs market. The region continues to dominate the global market due to increase in geriatric population and rise in number of chronic diseases. With rise in number of elderly people in the North America region, the market is estimated to grow at a steady pace and remain a dominant region during the forecasted period. Next in line is the Europe region which is witnessing a rapid growth due to availability of biosimilars for the treatment of bowel disorders. Asia-Pacific region is also gaining pace due to increase in population and rise in investment by public and private organizations for promoting the technological advancements related to the treatment options of gastrointestinal diseases.
KEY MARKET PLAYERS
Key players in the gastrointestinal drugs market include:
1. AbbVie Inc.
3. Johnson & Johnson
5. Abbott Laboratories
6. Allergan Plc
7. Bayer AG
8. Janssen Biotech Inc.
9. Takeda Pharmaceutical Company Limited
10. Eisai Co., Ltd.
11. Valeant Pharmaceuticals
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