Peptide Based Gastrointestinal Disorders Therapeutics Market Global Trends, Growth, Size, Opportunities, Regional Overview, Leading Company Analysis, and Key Country

Kenneth Research recently added a report on Peptide Based Gastrointestinal Disorders Therapeutics Industry Market in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Peptide Based Gastrointestinal Disorders Therapeutics Industry Market along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.

The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Peptide Based Gastrointestinal Disorders Therapeutics Industry Market products.

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“The global market size of gastrointestinal therapy in 2021 is estimated to be USD 80 billion, and it will grow at a CAGR of 8% during the forecast period 2022-2030. Increasing use of biological agents to treat gastrointestinal diseases is the main driving force of the market. According to the Centers for Disease Control and Prevention (CDC), an estimated 1 to 1.3 million people in the United States suffer from inflammatory bowel disease (IBD).
The prevalence of Crohn’s disease and ulcerative colitis is 201 per 100,000 adults and 238 per 100,000 adults, respectively. A wide range of next-generation therapeutic targets are currently being studied, including new small molecules and cell therapies. These include tofacitinib, ustekinumab, mongersen, and vedolizumab. This influx is expected to be the result of a high incidence of gastrointestinal diseases worldwide. Vedolizumab is becoming the first-line biological treatment for Crohn disease.

Currently, the US FDA has approved Humira, Amjevita, Cimzia, Remicade, Renflexis, Inflectra, Tysabri and Entyvio for the treatment of Crohn’s disease. Some studies have shown that biological agents show greater long-term efficacy.

According to a study conducted by the University of Chicago, the use of biological products reduced the overall number of operations by about 40%, the number of emergency room visits by 60%, and the number of hospitalizations by 50%. The efficacy study of infliximab in the treatment of health studies is reported to be a cost-effective solution for the treatment of active Crohn’s disease onset. The growing need to control drug development costs and management costs may drive growth opportunities for biologics. The emergence of alternatives to targeted therapy has led to the development of more personalized biologics.

TYPE INSIGHT: 

The global market size of gastrointestinal therapy in 2020 is estimated to ~USD 60 billion, and it will grow at a CAGR of 7% during the forecast period. Increasing use of biological agents to treat gastrointestinal diseases is the main driving force of the market. According to the Centers for Disease Control and Prevention (CDC), an estimated 1 to 1.3 million people in the United States suffer from inflammatory bowel disease (IBD).

The prevalence of Crohn’s disease and ulcerative colitis is 201 per 100,000 adults and 238 per 100,000 adults, respectively. A wide range of next-generation therapeutic targets are currently being studied, including new small molecules and cell therapies. These include tofacitinib, ustekinumab, mongersen, and vedolizumab. This influx is expected to be the result of a high incidence of gastrointestinal diseases worldwide. Vedolizumab is becoming the first-line biological treatment for Crohn disease.

Currently, the US FDA has approved Humira, Amjevita, Cimzia, Remicade, Renflexis, Inflectra, Tysabri and Entyvio for the treatment of Crohn’s disease. Some studies have shown that biological agents show greater long-term efficacy. According to a study conducted by the University of Chicago, the use of biological products reduced the overall number of operations by about 40%, the number of emergency room visits by 60%, and the number of hospitalizations by 50%.

The efficacy study of infliximab in the treatment of health studies is reported to be a cost-effective solution for the treatment of active Crohn’s disease onset. The growing need to control drug development costs and management costs may drive growth opportunities for biologics. The emergence of alternatives to targeted therapy has led to the development of more personalized biologics.

Information on the route of administration: 

In 2021, the route of administration was mainly intravenous. It is expected that a large part will be the result of the benefits associated with intravenous products. This can also be attributed to the higher prices of intravenous products than oral products. Such products include Humira, Sandostatin, Aldurazyme, Elelyso, Naglazyme, Myozyme, Vimizim, Donnatal, Pamine, Aloxi, Pepcid AC, Remicade, Tysabri, Entyvio and Remsima. In terms of quantity, oral products account for the largest proportion; however, in terms of revenue, the intravenous injection part dominates.

Ease of management and long-term cost-effectiveness are important factors that have driven the adoption of these products over the years. Oral products accounted for the second largest share of the gastrointestinal treatment market in 2020. This is due to the high efficacy of oral gastrointestinal drugs in direct contact with the affected area. However, compared with oral products, other routes (such as intravenous injection and transdermal injection) have higher bioavailability, which may lead to a significant drop in demand. In addition, oral products are not suitable for younger patients. In addition, patients receiving gastrointestinal cancer treatment are more likely to have contraindications and toxic drug interactions.

Application information:

In 2020, each application accounted for the highest proportion of other market segments. This segment includes opioid-induced constipation, chronic idiopathic constipation, diarrhea, repeated gastrointestinal infections, nausea, gastrointestinal stromal tumors, pancreatic insufficiency and irritable bowel syndrome. Most can be attributed to the widespread use of gastrointestinal drugs in previous years. Frequent drug releases have also led to greater room for growth. Ulcerative colitis accounted for the second largest share of the gastrointestinal treatment market in 2020. The growth of this market segment can be attributed to the easy availability of drugs to treat this disease.
Due to the clinical urgency of suppressing the increasing prevalence of ulcerative colitis, this market segment is also expected to grow at a considerable rate. This high prevalence is due to a poor prognosis and eating unhealthy foods, which may lead to a high probability of disease recurrence. The Crohns disease market segment is expected to achieve considerable growth rates throughout the forecast period.

The increasing prevalence of lifestyle-related diseases, such as excessive alcohol consumption and the high incidence of chronic diseases such as cancer and diabetes, are the main drivers of growth. According to data from the Centers for Disease Control and Prevention, approximately 10,000-1.3 million people suffer from inflammatory bowel disease (IBD). In the United States, the prevalence of Crohns disease is 201 per 100,000 adults.

Distribution Channel Outlook : 

In 2020, retail pharmacies dominate the distribution channels due to the affordability and accessibility of retail stores. As the number of reimbursed prescription drugs increases, patients are encouraged to purchase drugs from retail pharmacies. Retail pharmacists also recommend alternative medicines that avoid adverse drug interactions. These factors may prompt customers to lean toward retail stores.

If retail pharmacists have any concerns about prescription drugs, they will recommend alternatives to ensure greater safety. The emergence of chain pharmacies such as CVS Health is the main contributor to the retail market share.

The adoption of digital systems by retail pharmacies to reduce the risk of prescription errors is also expected to drive growth in the coming years. It is expected that online pharmacies will experience lucrative growth during the forecast period.

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This increase is expected to be the result of related benefits, such as increased comfort for bedridden patients who have difficulty purchasing medications from hospitals or retail stores. In addition, the increasing incidence of chronic diseases has led to a large gap in the supply and demand of major drugs. The above factors are expected to bring prospects for the salary growth of online pharmacies during the forecast period. With the advent of online pharmacies, order tracking and purchase have become convenient. The supply chain management (SCM) of online pharmacies can integrate various market intermediaries of delivery channels and reduce overall costs, thereby further driving demand in this segment.

Regional information: 

The North American market accounted for the largest share in 2020 and is expected to maintain its position during the forecast period. This huge proportion can be attributed to unprecedented changes in lifestyle, leading to a higher incidence of gastrointestinal diseases. In addition, the existence of government initiatives aimed at preventing and treating gastrointestinal diseases is expected to boost the market. For example, the UNICEF and WHO Comprehensive Global Action Plan for Diarrhea aims to provide interventions and services to raise awareness and provide treatment and preventive measures to minimize preventable deaths of children from diarrhoea.

The Asia-Pacific region is expected to grow exponentially throughout the forecast period. This may be driven by the continuous efforts of major players, including investment in research and development, and the commercialization of brand-name drugs at relatively low prices. In addition, there is an urgent need to curb the high incidence of gastrointestinal diseases and the technological upgrade of medical infrastructure, which is expected to provide potential opportunities for high growth in the regional market during the forecast period.

Market segments covered by the report: 

The report forecasts global, regional, and national revenue growth, and analyzes the latest industry trends in each sub-segment from 2022-2030. For the purpose of this research, Kenneth Research will be based on the type, route of administration, application, distribution channel and region of the global market for gastrointestinal therapy: type outlook (revenue, million US dollars, 2022-2030) Brand amino salicylic Acid salt antacid therapy enzyme replacement proton pump inhibitor laxative antiemetic H2 antagonist antidiarrheal biological preparation other million, 2022-2030) OralIntravenousOthers application outlook (revenue, million US dollars, 2022-2030) ulcerative colitis Crohns disease GERDOthersPerspective of Distribution Channel (Revenue), 2022-2030) hospital pharmacy retail pharmacy online pharmacy.”
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