Global Gastrointestinal Diseases Market Grows at a Steady CAGR with Strong Rise in Demand
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Chicago, IL -- (SBWire) -- 09/19/2016 --According to the report, "Global Gastrointestinal Diseases Market By Drug Category (Anti-Diarrhoeas, Anti-Emetics, H2 Inhibitors, Proton Pump Inhibitors, GIT Cancer Therapeutics and Others) and Geography (North America, Europe, Asia-Pacific and Rest of the World) Report Forecast - 2014 to 2022", the market for gastrointestinal diseases is expected to witness steady growth by 2022.
The global gastrointestinal diseases market report offers key insights into the growth drivers, restraints, market share and geographic analysis for the key industry players. It offers revenue forecast for this industry by the year 2022.
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According to the gastrointestinal diseases market report, the global market is set to witness steady growth during the forecast period. The chronic rise in the instances of gastrointestinal diseases and disorders around the world is one of the major factors creating strong demand for the products and procedures in this market. Rising demand for gastrointestinal disease therapeutics is also considered as one of the primary reasons for the growth of this market. The report also suggests that different companies are showing interest in investing in this market and expand their existing business across the different geographic region. This factor is also considered as a major driver for this market. Growth in sales of gastrointestinal drugs is also considered as a major driver for this market.
The gastrointestinal diseases market report segments the global market by the types of drug categories, treatments, and the major geographic regions of the world. The major types of drugs are sub-segmented into Anti-Emetics, GIT Cancer Therapeutics, Proton Pump Inhibitors, H2 Inhibitors, and others. The treatment categories vary as per different types of gastrointestinal diseases, which include inflammatory bowel syndrome, irritable bowel diseases, ulcer, and such other diseases. The major geographic regions covered in this market include North America, Asia-Pacific, Europe and the rest of the world region, which mainly includes Latin America and Middle East and Africa.
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According to the gastrointestinal diseases market share analysis, North America is expected to maintain the largest share. The Asia-Pacific region is expected to become the fastest-growing geographic region in this market. The Irritable Bowel Syndrome (IBS) therapeutics segment is expected to witness the largest growth over the forecast period. Segments like cancer therapeutics and proton pump inhibitors are also suggested to witness impressive growth during the forecast period.
The major players highlighted in the gastrointestinal diseases market include Abbott Laboratories, AstraZeneca, Evoke Pharma, Johnson & Johnson, Salix Pharmaceuticals, Takeda Pharmaceutical Company Limited, and such other players from around the world.
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