The digestive and intestinal remedies global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Digestive and Intestinal Remedies Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The digestive and intestinal remedies market size has grown strongly in recent years. It will grow from $20.51 billion in 2023 to $21.63 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to traditional remedies, lifestyle changes, increased stress levels, dietary shifts, covid-19 impact.
The digestive and intestinal remedies market size is expected to see strong growth in the next few years. It will grow to $27.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to healthcare accessibility, global health events, rising health consciousness, ageing population, innovative product development. Major trends in the forecast period include healthcare access, environmental factors, consumer education, regulatory environment, pharmaceutical advancements.
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Scope Of Digestive and Intestinal Remedies Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Digestive and Intestinal Remedies Market Overview
Market Drivers –
The increase in gastrointestinal disorder cases is expected to propel the digestive and intestinal remedy market going forward. Gastrointestinal disorders refer to a collective term of diseases such as nausea, vomiting, food poisoning, and diarrhea that impact the overall biological functioning of the gastrointestinal (GI) tract. The rising incidence of gastrointestinal disorders has resulted in a growing demand for digestive and intestinal remedies that can treat gastrointestinal diseases effectively. For instance, in May 2021, according to a report published by BioMed Central, a UK-based journal, the prevalence of Inflammatory Bowel Disease (IBD) is expected to significantly increase in various regions in 2035. Iran is projected to experience a 2.5-fold rise, reaching 69 thousand cases. In North Africa and the Middle East, the prevalence is estimated to increase by 2.3-fold, totaling 220 thousand cases. Moreover, there is an anticipation of a fourfold increase in prevalence in India, totaling 2.2 million cases. The East Asia region is anticipated to experience a 1.5-fold increase, reaching 4.5 million cases, while high-income Asia-Pacific and Southeast Asia regions are expected to have a 1.6-fold elevation in prevalence, with 183 thousand and 199 thousand cases, respectively. Therefore, an increase in gastrointestinal disorder cases is expected to drive the growth of the digestive and intestinal remedy market.
Market Trends –
Technological developments and advancements are key trend gaining popularity in the digestive and intestinal remedy market. Major players operating in the digestive and intestinal remedy market are focused on creating innovative technologies to manage and monitor digestive health in the digestive and intestinal remedy market. Recently the market has witnessed the use of breath analyzers to gather clinical condition information related to the digestive system. For instance, In May 2021, Owlstone Medical, a UK-based manufacturer and developer of breathalyzer for disease, launched digestive health breath testing in collaboration with functional gut diagnostics and functional gut clinic, providers of smart solutions for the diagnosis of gut health problems. Individuals can get better control over their digestive health through a simple at-home breath test. In SIBO and Food Intolerance, hydrogen and methane are well-established breath-based indicators. It uses an external substrate to create a precise and biologically relevant measurement of breath.
The digestive and intestinal remedies market covered in this report is segmented –
1) By Type: Digestive Medicines, Remedies Against Gastrointestinal Complaints, Natural And Synthetic Agents
2) By Age Group: Pediatric, Adults
3) By Distribution Channel: Online, Offline
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Regional Insights –
North America was the largest region in the digestive and intestinal remedies market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digestive and intestinal remedies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the digestive and intestinal remedies market report are Bayer AG, Abbott Laboratories, Bausch Health Companies Inc., CH Boehringer Sohn AG & Co. KG, Eli Lilly and Company, GlaxoSmithKline plc, Jiangzhong Pharmaceutical Co. Ltd., Johnson & Johnson Pvt. Ltd., Menarini Group, Merck Co. & KGaA, Pfizer Inc., Prestige Consumer Healthcare Inc., Procter & Gamble Company, Reckitt Benckiser Group plc, Sanofi SA, Takeda Pharmaceutical Company Limited, AbbVie Inc., Alfa Wassermann and Sigma-Tau, Allergan plc, AstraZeneca plc, Boehringer Ingelheim International GmbH, Daiichi Sankyo Chemical Pharma Co. Ltd., Evoke Pharma Inc., Ipsen SA, Ironwood Pharmaceuticals Inc., Mundipharma, Mylan NV, Norgine Pharmaceuticals Ltd., Novartis AG, Otsuka Pharmaceutical Co. Ltd., Perrigo Company, Recordati S.p.A., RedHill Biopharma Ltd., Ritter Pharmaceuticals Inc., Salix Pharmaceuticals Inc.
Table of Contents
- Executive Summary
- Digestive and Intestinal Remedies Market Report Structure
- Digestive and Intestinal Remedies Market Trends And Strategies
- Digestive and Intestinal Remedies Market – Macro Economic Scenario
- Digestive and Intestinal Remedies Market Size And Growth
…..
- Digestive and Intestinal Remedies Market Competitor Landscape And Company Profiles
- Key Mergers And Acquisitions
- Future Outlook and Potential Analysis
- Appendix
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