Overview and Scope
Diabetic gastroparesis is a condition in which high blood glucose levels damage the stomach muscles and nerves, leading to delayed gastric emptying and other symptoms. Diabetic gastroparesis treatment refers to the medical interventions and management strategies employed to alleviate symptoms and improve the overall well-being of individuals with this condition. The treatment approach may involve several interventions to address delayed stomach emptying and associated gastrointestinal symptoms.
Sizing and Forecast
The diabetic gastroparesis treatment market size has grown strongly in recent years. It will grow from $3.68 billion in 2023 to $3.86 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to increasing diabetes prevalence, limited treatment options, rising awareness and diagnosis, healthcare infrastructure development.
The diabetic gastroparesis treatment market size is expected to see strong growth in the next few years. It will grow to $4.73 billion in 2028 at a compound annual growth rate (CAGR) of 5.2%. The growth in the forecast period can be attributed to precision medicine and personalized therapies, growing diabetic population, increased research and development, shift in regulatory landscape. Major trends in the forecast period include technological innovations in treatments, emergence of novel therapies, focus on symptom management, telemedicine and remote monitoring, gut microbiome interventions.
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Segmentation & Regional Insights
The diabetic gastroparesis treatment market covered in this report is segmented –
1) By Treatment: Medication, Surgery
2) By Route Of Administration: Oral, Injectables
3) By Indication: Compensated Gastroparesis, Gastric Failure
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels
5) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
North America was the largest region in the diabetic gastroparesis treatment market in 2023, and is expected to be the fastest-growing region in the forecast period. The regions covered in the diabetic gastroparesis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The increasing prevalence of diabetes is expected to propel the growth of the diabetic gastroparesis treatment market going forward. The prevalence of diabetes refers to the proportion or percentage of the population that has been diagnosed with diabetes at a specific point in time. The use of diabetic gastroparesis treatment is primarily aimed at managing the symptoms and complications associated with this condition, which is a common complication of diabetes. For instance, in April 2023, according to a report published by The British Diabetic Association, a UK-based diabetes charity, 4.3 million individuals in the UK have diabetes and live with it. Further, more than 2.4 million people in the UK are at high risk of acquiring type 2 diabetes, and registration numbers for 2021-22 are 148,951. Therefore, the increasing prevalence of diabetes is driving the growth of the diabetic gastroparesis treatment market.
Key Industry Players
Major companies operating in the diabetic gastroparesis treatment market report are Cardinal Health Inc., Pfizer Inc., F. Hoffmann-La Roche Ltd., Ipca Laboratories Ltd., Abbott Laboratories, GlaxoSmithKline PLC, AstraZeneca PLC, Medtronics PLC, Takeda Pharmaceutical Company Limited, Eli Lilly and Company, Kimberly-Clark Corporation, Teva Pharmaceutical Industries Ltd., Janssen Global Services LLC, Boston Scientific Corporation, Fresenius Kabi AG, Bausch Health Companies Inc., Allergan Inc., Salix Pharmaceuticals Inc., Ironwood Pharmaceuticals Inc., Wockhardt Ltd., ANI Pharmaceuticals Inc., Endologic LLC, Vanda Pharmaceuticals Inc., Rhythm Pharmaceuticals Inc., Theravance Biopharma Inc., Neurogastrx Inc., Evoke Pharma Inc., CinRx Pharma LLC
The diabetic gastroparesis treatment market report table of contents includes:
1. Executive Summary
2. Diabetic Gastroparesis Treatment Market Characteristics
3. Diabetic Gastroparesis Treatment Market Trends And Strategies
4. Diabetic Gastroparesis Treatment Market – Macro Economic Scenario
5. Global Diabetic Gastroparesis Treatment Market Size and Growth
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31. Diabetic Gastroparesis Treatment Market Other Major And Innovative Companies
32. Global Diabetic Gastroparesis Treatment Market Competitive Benchmarking
33. Global Diabetic Gastroparesis Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Diabetic Gastroparesis Treatment Market
35. Diabetic Gastroparesis Treatment Market Future Outlook and Potential Analysis
36.Appendix
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