IMARC Group, a leading market research company, has recently releases report titled “Gastroparesis Drugs Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global gastroparesis drugs market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Report Highlights
How big is the gastroparesis drugs market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 6.2 Billion |
| Market Forecast in 2028 | US$ 8.2 Billion |
| Growth rate (2023 to 2028) | CAGR of 5.05% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What is Gastroparesis Drugs?
Gastroparesis, or partial paralysis, is a medical disorder wherein the natural and spontaneous stomach motility and muscles are negatively impacted, and it disrupts the digestive process. If it is not treated, then causes nausea, vomiting, stomach discomfort, and problems with blood sugar regulation and nutrient absorption. Currently, it can be medicated by using multiple gastroparesis drugs, including domperidone, Metoclopramide, Reglan, erythromycin, diphenhydramine, antiemetics, ondansetron, and prochlorperazine. These medications improve spasms in stomach muscles, enhance gastric emptying, and promote nutrition absorption; thus, gastroparesis drugs are recommended or prescribed by doctors to treat diabetes and other diseases.
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What are the growth prospects and trends in the gastroparesis drugs industry?
The increasing prevalence of idiopathic gastroparesis, diabetes mellitus, and post-surgical gastroparesis is primarily driving the market growth. Moreover, the introduction of innovative drugs and treatments for avoiding symptoms such as nausea, abdominal pain, and vomiting is favoring the gastroparesis drug market. Furthermore, the significant rise in the geriatric population who are susceptible to gastroparesis due to sedentary lifestyles, extensive smoking, and consumption of alcoholic drinks are supplementing the product demand. Moreover, the extensive investments by governments in research and development (R&D) activities to employ user-friendly approaches to formulate effective drugs for gastroparesis, is favoring the market growth. Other factors, such as the significant enhancements in the healthcare infrastructure, favorable reimbursement policies by regulatory bodies, and the growing consumer awareness regarding the availability of gastroparesis drugs on diverse shopping platforms, are contributing to the market growth.
Who are the key players operating in the industry?
The report covers the major market players including:
- Abbott Laboratories
- Abbvie Inc
- AstraZeneca Plc
- Bausch Health Companies Inc
- Becton Dickinson and Company
- Boston Scientific Corporation
- Evoke Pharma
- Medtronic plc
- Neurogastrx Inc.
- Sanofi S.A
- Takeda Pharmaceutical Company Limited
- Theravance Biopharma
What is included in market segmentation?
The report has segmented the market into the following categories:
Breakup by Disease Type:
- Diabetic Gastroparesis
- Idiopathic Gastroparesis
- Post-surgical Gastroparesis
- Others
Breakup by Drug Class:
- Prokinetic Agents
- Antiemetic Agents
- Botulinum Toxin Injections
Breakup by Distribution Channel:
- Hospitals and Clinics
- Pharmacies
- Online Stores
Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- The Impact of COVID-19 on the Global Market
- Value Chain Analysis
- Structure of the Global Market
- Comprehensive mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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