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Gastric Motility Drug Market will grow at highest pace owing to rising awareness about available treatment options
The gastric motility disorder drug market consists of drugs used to treat gastrointestinal motility disorders like gastroparesis and constipation predominant irritable bowel syndrome. Gastric motility disorders occur when the muscles of the stomach and intestines do not function properly, usually caused by damage to the nerves that control the digestive system. Treating motility disorders aims to reduce symptoms like nausea, vomiting, abdominal pain, and constipation. 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. This market is anticipated to witness high growth owing to an increasing prevalence of gastrointestinal disorders globally. Existing key players in the market are focusing on expanding their presence across global markets through strategic collaborations and partnerships. Also, a significant number of new entrants are expected to enter the market owing to growth opportunities in both developing and developed economies.
The key opportunities in Gastric Motility Disorder Drug Market Size include a rising geriatric population more susceptible to gastrointestinal disorders, new product launches targeting motility-specific conditions, and increasing research on conditions like gastroparesis. There is also a growing awareness about GI disorders and available treatment options. Global expansion remains a key focus for major players to capitalize on opportunities across developing regions like Asia Pacific and Latin America witnessing massive economic growth.
Market Drivers:
The increasing prevalence of gastrointestinal disorders like gastroparesis and constipation-predominant irritable bowel syndrome is a major market driver. For example, statistics show gastroparesis affects over 5 million Americans annually. Also, conditions causing gastric motility issues including diabetes and Parkinson's disease are rising globally. Thus, the growing patient pool necessitates more treatment options.
Market Restrains:
Lack of approved drugs specific to certain conditions like post-surgical gastroparesis poses a major challenge. Moreover, motility disorders are often complex to diagnose and treat. High costs of drug development and regulatory approvals also restrain market growth to an extent.
Segment Analysis
Gastric Motility Disorder Drug Market Regional Analysis is segmented on the basis of drug class, disease indication, distribution channel and region. Based on drug class, the market is segmented into prokinetics, antimuscarinics, antispasmodics and others. The prokinetic drugs segment is dominating the market with highest share as it helps in enhancing stomach motility and gastric emptying. These drugs help in faster treatment of symptoms like nausea, vomiting and gastritis.
Global Analysis
Regionally, North America dominates the overall gastric motility disorder drug market owing to higher awareness regarding GI disorders and availability of advanced healthcare facilities. Europe region is the second largest market due to growing geriatric population suffering from gastrointestinal ailments. Asia Pacific is projected to be the fastest growing market during the forecast period owing to increasing prevalence of gastric motility disorders, improving healthcare infrastructure and rising healthcare expenditure. Increasing R&D investments by key players for development of novel drugs is supporting the market growth in emerging economies like India and China.
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