Gastrointestinal (GI) infections are common problems which are resolved rapidly but aggravate in certain healthcare settings. There are recorded cases of 3-6 million children dying due to gastroenteritis worldwide. Gastrointestinal agents are recommended by doctors and clinicians to alleviate problems caused in lupus, gastroesophageal reflux disease (GERD), and others. Market Research Future (MRFR) has focused on specific trends and GI diseases in the Americas gastrointestinal drugs market report while keeping a finger on drug developments by large pharmaceutical companies.
The Americas gastrointestinal drugs market is poised to reach a stellar size of USD 53.9 Bn by 2023. It can exhibit a CAGR of 5% from 2017 to 2023 (forecast period). The market is anticipated to gain high dividends from over-the-counter (OTC) drugs as well as high incidence of GI diseases. Large number of patients being diagnosed with GI in healthcare settings combined with change in diets due to deviating lifestyles pursued by patients can drive the market demand over the forecast period.
Studies conducted by private firms in collaboration with universities or research groups have placed ranitdine, omeprazole, and sodium alginate as highly recommended drugs for treating GI disorders with minimum adverse effects. Prescription of histamine blockers or proton inhibitors for treating symptoms of heartburn can augur favorably for the market.
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Rising awareness levels of GI and its associated disorders, accessibility to these drugs, and a notable rise in research and development activities are other major drivers expected to facilitiate market growth. Need for novel medications for the treatment of the malady can provide an abundance of growth opportunities to players.
Major industry participants in the global whiskey market include Takeda Pharmaceutical Company Limited, Valeant Pharmaceuticals, Eisai Co., Ltd., Abbott Laboratories, AbbVie Inc., Allergan Plc, Janssen Biotech Inc., Bayer AG, Evoke Pharma, Sanofi, Boehringer Ingelheim GmbH, GlaxoSmithKline Plc., AstraZeneca, and others.
Partnerships, agreements, collaborations, and mergers & acquisitions are major strategies employed by these players to gain their edge in the market. Recently, AstraZeneca plc entered an agreement with Tillots Pharma for the development of Encort. Encort is a medicine for alleviating the pain levels of patients with Crohn’s disease. The agreement will allow Tillots to distribute the medicine by paying a considerable share to AstraZeneca for development and production of Encort capsules outside the U.S.
The Americas gastrointestinal drugs market is segmented by disease type, route of administration, drug category, and end-user.
- By Disease Type, it is segmented into inflammatory bowel diseases, gastroesophageal reflux disease, and others. Inflammatory bowel diseases are further segmented into Crohn’s disease and ulcerative disease. Ulcertaive disease is sub-segmented into acute severe ulcerative colitis, left sided colitis, pancolitis, ulcerative proctitis, and proctosigmoiditis.
- By Route of Administration, it is segmented into parenteral, rectal, and oral.
- By Drug Category, it is segmented into anti-emetic, anti-inflammatory, acid neutralizers, laxatives & anti-diarrheal, and others. Acid neutralizers are segmented into proton pump inhibitors, H2 antagonists, antacid, and others.
- By End-user, it is segmented into retail pharmacies, hospital pharmacies, and others.
North America and South America are regions taken into consideration in the compilation of the Americas gastrointestinal drugs market report.
The North America region is expected to remain dominant due to the large numbers of the elderly and increasing cases of GI diseases. Hectic lifestyles and changes in dietary patterns among patients in the region are major drivers of the market. Prevalence of chronic diseases which can cause GI diseases as a side-effect combined with supportive healthcare insurance policies which cover drug reimbursement can bolster the Americas gastrointestinal drugs market revenue till 2023. Rapid approvals by federal agencies as well as expansion of the product pipeline can work in favor of the Americas gastrointestinal drugs market.
Diroximel Fumarate, a novel iteration of fumarate, has showcased positive effects when tested in the clinical trial of patients with relapsing-remitting multiple sclerosis (RRMS). The study, a collaboration between Biogen Inc and Alkermes plc, has low adverse effects as compared to dimethyl fumarate.