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Gastrointestinal Therapeutics Market

According to the latest report by IMARC Group, titled “Gastrointestinal Therapeutics Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, the global gastrointestinal therapeutics market size reached a strong growth in 2020. Gastrointestinal, or GI, disorder refers to medical conditions related to the digestive system. These diseases affect the rectum, colon, small and large intestines, gall bladder, liver, and stomach. GI disorders are characterized by various symptoms, such as bloating, pain, nausea, diarrhea, heartburn, and constipation. Gastrointestinal drugs are prescribed based on endoscopy, blood tests, and imaging tests. There are various GI therapeutics available targeted at providing relief and minimizing gastric acidity. Some of the common therapeutics include prescription and over-the-counter (OTC) drugs, such as Afinitor, Dificid, antacids, laxatives, and Aciphex.

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The global GI therapeutics market is primarily being driven by the increasing prevalence of GI diseases, such as ulcerative colitis, peptic ulcer diseases, and irritable bowel syndrome. In addition to this, the rising geriatric population, which is more prone to GI ailments, is further supporting the market growth. Moreover, the development of cellular therapies and innovative biosimilars for the treatment of GI disorders is also contributing to the growth of the market. Rising health consciousness amongst consumers, improvements in healthcare infrastructure, and innovations in research and development (R&D) activities are some of the factors driving the GI therapeutics market further toward growth. Looking forward, IMARC Group expects the global gastrointestinal therapeutics market to exhibit moderate growth during 2021-2026.

Breakup by Type:

• Branded
• Generic

Breakup by Route of Administration:

• Oral
• Intravenous
• Others

Breakup by Application:

• Ulcerative Colitis
• Crohn’s Disease
• GERD
• Others

Breakup by Distribution Channel:

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

Breakup by Region: 

Competitive Landscape with Key Player:

• Abbott Laboratories
• AbbVie Inc.
• AstraZeneca Plc
• Bausch Health Companies Inc.
• Bayer Aktiengesellschaft
• GlaxoSmithKline Plc
• Janssen Biotech Inc. (Johnson & Johnson)
• Novo Nordisk A/S
• Pfizer Inc.
• Sanofi S.A.
• Takeda Pharmaceuticals

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 As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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