Global Gastroparesis Drugs Market Regional Reports (2017–2022)
The Global Gastroparesis Drugs market size was around USD 4.75 billion in 2017. It is expected to grow at a CAGR of 4.8% to reach USD 6 billion by 2022.
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Normal spontaneous movements of the muscles in the stomach are affected when a person is suffering from Gastroparesis often causing vomiting, improper digestion etc. Erythromycin, reglan are few drugs prescribed for the treatment.
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Augmenting geriatric population, increased number of surgeries causing Gastroparesis as a side effect, growing number of people with diabetes, and introduction of new drugs in the market for controlling symptoms like nausea are the major factors driving the growth of this market.
Negative side effects of prescribed drugs, inordinate delays in regulatory approvals, and complicated diagnostic procedure are the major factors inhibiting market growth.
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- Market Segmentation
- Drug Class
- Introduction
- Prokinetic Agents
- Antiemetic Agents
- Botulinum Toxin Injections
- Y-o-Y Growth Analysis, By Drug Class
- Market Attractiveness Analysis, By Drug Class
- Market Share Analysis, By Drug Class
Classification by geography entails North America, Latin America, Europe, Asia Pacific, and Middle East and Africa. North America accounted for the largest market share. US is expected to lead the regional market in the forecast period. Europe is a close second by market share. UK captured largest market share in European market. Asia Pacific is the fastest growing market and is anticipated to remain so in the forecast period. Emerging economies of India and China are spearheading this growth spurt. Latin America and MEA are poised for a robust growth in the forecast period due to increased investments by major companies in the market.
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Key players in the market are Allergan, Plc., Abbott Laboratories (Abbott Arzneimittel GmbH), AstraZeneca Plc. Other players in the market are Cadila Pharmaceuticals Ltd., ETX Pharma, Inc, Evoke Pharma, GlaxoSmithKline Plc., Neurogastrx, Inc., Valeant Pharmaceuticals International, Inc., and Theravance Biopharma.
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