The Global Gastric Motility Disorder Drug Market is In Trends by Increasing Prevalence of Functional Dyspepsia
Gastric motility disorder drugs assist in treating gastrointestinal disorders such as gastroparesis, constipation, and functional dyspepsia. These drugs stimulate gastric emptying and enhance gastric and intestinal motility. Popular gastric motility disorder drugs include antiemetics, prokinetics, and laxatives. The increasing prevalence of functional dyspepsia worldwide is creating high demand for effective gastric motility disorder treatments.
The Global Gastric Motility Disorder Drug Market is estimated to be valued at US$ 57.65 Bn in 2024 and is expected to exhibit a CAGR of 5.4% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the gastric motility disorder drug market are Pfizer Inc., Takeda Pharmaceutical Company Limited, Janssen Pharmaceuticals, Sun Pharmaceutical Industries Ltd., AbbVie Inc., Boehringer Ingelheim, Eli Lilly and Company, Bristol Myers Squibb, Daiichi Sankyo Company, Limited, Bausch Health Companies, Mallinckrodt Pharmaceuticals, Endo Pharmaceuticals, Eisai Co., Ltd., Ferring Pharmaceuticals, UCB, Evoke Pharma, and Cadila Pharmaceuticals.
The growing burden of gastrointestinal disorders across the globe is augmenting the demand for gastric motility disorder drugs. As per clinical studies, gastric motility disorder symptoms affect around 40% of the global population annually, presenting significant treatment opportunities.
Key manufacturers are focusing on geographic expansion and new product launches to strengthen their positions in the global market. Strategic mergers and acquisitions are helping companies expand their product portfolios and global distribution networks.
Market Key Trends
The increasing application of novel drug delivery technologies for Gastric Motility Disorder Drug Market is a key trend in the market. Manufacturers are developing advanced oral and injectable drug formulations for enhanced drug bioavailability and sustained therapeutic effects. For example, Takeda Pharmaceutical has developed an enterally administered viscous gel formulation of methylcellulose for gastroparesis. Novel formulation approaches are expected to augment market revenues over the forecast period.
Porter's Analysis
Threat of new entrants: New pharmaceutical companies find it difficult to enter the gastric motility disorder drug market due to high capital requirement for R&D and clinical trials.
Bargaining power of buyers: Large pharmacy chains and hospital groups have some bargaining power over drug prices.
Bargaining power of suppliers: Established drug manufacturers have more bargaining power over raw material suppliers and contract manufacturing organizations.
Threat of new substitutes: New drug delivery technologies and novel mechanisms of action pose potential threats of substitution in the market.
Competitive rivalry: The market is dominated by few large pharmaceutical companies with many branded and generic drug options available for treatment.
Geographical Regions
North America accounts for the largest share of Gastric Motility Disorder Drug Market Regional Analysis mainly due to high healthcare spending and established pharmaceutical industry in the region.
Asia Pacific is poised to be the fastest growing regional market over the forecast period, largely attributed to rising healthcare infrastructure, increasing generic drug production, and growing prevalence of gastric diseases in developing economies like India and China.
Get More Insights On Gastric Motility Disorder Drug Market
About Author:
Ravina Pandya, Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. (https://www.linkedin.com/in/ravina-pandya-1a3984191)
Comments
0 comment