Global Gastrointestinal Therapeutics Market was valued US$ xx Mn in 2019 and the total revenue is expected to grow at 5.59 % through 2020 to 2027, reaching US$ xx Mn. The report has covered Country Market trends with competitive landscape.
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Global Gastrointestinal Therapeutics Market Overview:
Rising acceptance of biologics for the treatment of gastrointestinal diseases is the main driver of the market. A wide range of new generation therapeutics aims at comprising novel small molecules & cellular therapy are presently under investigation. These contain tofacitinib, & vedolizumab. This arrival is expected to be a significance of high occurrence of gastrointestinal diseases worldwide. Vedolizumab is developing as a first-line biologic treatment for Crohn’s disease. Now, the U.S. FDA has accepted Humira, Amjevita, Cimzia, Remicade, & Entyvio for the cure of Crohn’s disease.
The analysis shows that biologics displays superior long-term efficiency. According to the analysis led by University of Chicago, usage of biologics has caused in a total reduction in the number of surgeries by about 39.65%, extra room stays by 59.87%, & hospitalizations by 49.76%.
The generic segment is anticipated to grow at an exponential rate during the forecast period because steady finishes of patents, cost-effectiveness of generics, & initiatives by government administrations for endorsing usage of generics in developing economies. In addition, key pharmaceutical players are steadily determined to launch generic versions of their branded complements to recover losses affected by patent expiration.
Branded drug producers & generic producing companies are cooperating for manufacturing generic drugs after patent expiry, which is expected to increase the development of generics. In addition, key companies are gradually focusing on emerging generics because of the rise in off-patented drugs in the market. However, promotion exclusivity given by the FDA to patent holders for dissimilar indications is expected to hinder market development to a slight extent.
The others segment accounted for the major share by application in the year 2018. The large share can be attributed to an extensive range of applications for which gastrointestinal drugs have been used steadily over the past few years. Frequent number of drug launches is also responsible for improved scope for development.
Ulcerative colitis accounted for the second-largest share in the market in the year 2018. Progress of this segment can be attributed to easy accessibility of drugs to treat this disorder. The segment is also expected to grow at a substantial rate thanks to high clinical urgency to control rising prevalence of ulcerative colitis. This high occurrence is owing to poor prognosis & consumption of unhealthy food, which may result in high possibility of disease recurrence.
In 2018, retail pharmacy accounted for the leading share in terms of distribution channel due to high affordability & availability to retail stores. As number of treatment medicines being reimbursed is growing, it is inspiring patients to buy medicines from retail pharmacies. Retail pharmacists also suggest drug alternates that prevent adverse drug interactions. These influences are likely to increase customer preference toward retail stores. In case retail pharmacists have any worries concerning prescribed medicines, they suggest substitutes for the same, thus ensuring higher safety. Start of pharmacy chains like CVS Health is a key supplier to the share of the retail segment. Acceptance of digitalized systems in retail pharmacies to decrease risk of mistakes in prescriptions is also expected to fuel development the forecast period.
The North America market accounted for the major share of xx% in 2018 and is anticipated to keep its position during the forecast period. This extensive share is attributed to extraordinary change in lifestyle, causing in greater occurrence of gastrointestinal diseases.
Moreover, occurrence of government initiatives expected at preventing as well as treating gastrointestinal diseases is expected to drive the market towards north. For example, the Integrated Global Action Plan for Diarrhoea by UNICEF & WHO objects at reducing avoidable childhood deaths as a result of diarrhea by providing interventions & services to increase awareness & deliver access to treatment & preventive measures.
Global Gastrointestinal Therapeutics Market Competitive Landscape:
The objective of the report is to present a comprehensive analysis of the Global Gastrointestinal Therapeutics Market including all the stakeholders of the industry. The past and current status of the industry with forecasted Market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes Market leaders, followers and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the Market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The report also helps in understanding Global Gastrointestinal Therapeutics Market dynamics, structure by analyzing the Market segments and project the Global Gastrointestinal Therapeutics Market size. Clear representation of competitive analysis of key players by Type, price, financial position, Raw material portfolio, growth strategies, and regional presence in the Global Gastrointestinal Therapeutics Market make the report investor’s guide.
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Global Gastrointestinal Therapeutics Market, By Type
• Branded
• Generics
Global Gastrointestinal Therapeutics Market, By Route of Administration
• Oral
• Intravenous
• Others
Global Gastrointestinal Therapeutics Market, By Application
• Ulcerative Colitis
• Crohn’s Disease
• GERD
• Others
Global Gastrointestinal Therapeutics Market, By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
Global Gastrointestinal Therapeutics Market, by Region
• North America
• Europe
• Asia-Pacific
• MEA & Africa
• Latin America
Global Gastrointestinal Therapeutics Market Key Players
• Abbott Laboratories
• Allergan plc
• AstraZeneca
• Bayer AG
• GlaxoSmithKline plc
• Janssen Pharmaceuticals
• Takeda Pharmaceuticals
• Valeant Pharmaceuticals
• Pfizer
• AbbVie, Inc.
• AstraZeneca
• Shire
• Valeant (Salix Pharmaceuticals)
• Takeda Pharmaceutical Company Limited
• Eisai Co. Ltd.
• Johnson & Johnson Private Limited
• Astellas Pharma Inc.
• Novo Nordisk A/S
• Sanofi S.A.
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