A report by ARC estimated that the irritable bowel syndrome treatment market will surpass $3.4 billion by 2026, representing an average annual growth rate of 9.8 percent from 2019 to 2026. The report provides analysis of global Irritable Bowel Syndrome Treatment market for the period 2015-2026, wherein 2019 to 2026 is the forecast period and 2018 is considered as the base year.
IBS is a gastrointestinal functional disorder of the intestine that is characterized by contractions of the colon muscle. The big intestine is affected by irritable bowel syndrome. Irritable bowel disorder is linked to bowel malfunction and happens mainly in the elderly. Bowel function and bloating constipation, diarrhea, abdomen, disturbances and discomfort are some of the prevalent symptoms of irritable bowel syndrome. This syndrome is usually tested in the blood and endoscopied. Bowel syndrome irritation is a prevalent condition. The irritable bowel syndrome is not completely cured.
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The growing incidence of target diseases and the expansion of current medicines labels are expected to accelerate market growth. Furthermore, increasing use of medicines and the launch of new goods are expected to drive the market for IBS (Irritable Bowel Syndrome).
IBS is one of the most popular gastrointestinal illnesses with a incidence of 10-15% globally. Most IBS individuals are under the age of 50 but many elderly people also suffer. The impact of this disease may range from mild discomfort to severe weakness. It can regulate several aspects of the professional, emotional and social lives of a patient. Moderate to serious patients typically have symptoms which often adversely affect their mental, physical, educational, social, and financial well-being.
Symptoms may differ, and constipation may alternate with diarrhea, sometimes contradictory. These variables add to the need for irritable bowel syndrome treatments which allow patients to continue with their daily lives. The syndrome of long term patients is likely to disrupt their private and professional operations, and normally limits their potential.
Roughly 40% of patients suffer from mild IBS, 35% have moderate IBS, and 25% have serious IBS. Many individuals are unable to differentiate between IBS symptoms; it is still one of the most frequent illnesses that doctors are diagnosed. Not all people with IBS symptoms have the same therapy. However, approximately 2.4 to 3.5 million doctor calls are given annually in the United States alone for irritable bowel syndrome. It impacts approximately 35–40% of men and 60%–65% of women worldwide.
Due to the increasing incidence and increasing intake of medication such as Linzess / Constella and Amitiza, IBS-C was the biggest producing income segment per form in 2018.
Due to increased product acceptance in significant areas like the U.S., Germany, U.K., Italy, Spain, and Japan, Linzess / Constella was in 2018 the market leader on the worldwide IBS therapy market.
The biggest income-generating region in 2018, North America was projected to be, followed by Europe. The main contributors are the presence of important players in the industry, the elevated level of attention to patients, the powerful presence of new products and the established health infrastructure.
Over the forecast period, Europe is expected to be the fastest developing region. Increased marketing and the existence of a big target population drive the IBS therapy market.
Players have adopted policies to boost their market share, such as extension of products, product growth, regional expansion, and fusions and acquisitions. In April 2015, the company purchased a portfolio focused on gastrointestinal medicines by Salix Pharmaceuticalals.
Irritable bowel syndrome is a gastrointestinal functional intestinal disorder which may be defined by contractions of the colon muscle. The big intestine is affected by irritable bowel syndrome. Irritable bowel syndrome is caused by bowel dysfunction and is mostly present in the elderly.
Key Players & Strategies
Some of the key players in the market are Allergan; Ironwood Pharmaceuticals, Inc.; Synergy Pharmaceuticals Inc., Bausch Health; Takeda Pharmaceutical Company Limited AstraZeneca; Sebela Pharmaceuticals Inc.; Synthetic Biologics, Inc.; Astellas Pharma, Inc.; and Ardelyx. The main players have adopted distinct approaches for increasing their market share, such as mergers and acquisitions. In April 2015, for example, Bausch Health purchased a portfolio of Salix Pharmaceuticals focusing on gastrointestinal medicine.
In order to expands its market presence, players are also focused on launching their products in distinct areas. Ironwood Pharmaceuticals and AstraZeneca obtained marketing permission for Linzess in China in January 2019, for example, to enhance their market position.
Market Segment Analysis:
Acumen Research report focuses on market attractiveness by assessing the key market segments. The report also combines region-wise segments for a better understanding of the supply and demand ratio of the global irritable bowel syndrome treatment market. This exclusive study of the report analyzes the present and future market scenario and the industry trends that are influencing the growth of the segments. Besides, the report also covers the value chain analysis, supply chain analysis, and year-on-year basis analysis of the global irritable bowel syndrome treatment market.
Market, By Type
Market, By Product
Market Regional Analysis:
Based on the regions, the global irritable bowel syndrome treatment market is segmented into -North America (US and Canada), Europe (UK, Germany, France, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea and Rest of Asia-Pacific), Latin America (Mexico, Brazil and Rest of Latin America), Middle East & Africa (GCC, South Africa and Rest of MEA)
Key Questions Answered in the Report
The report addresses key questions concerning the market evolution and overarching trends shaping global market growth. Some of the key questions answered in the report include-
– What is the overall structure of the market?
– What was the historical value and what is the forecasted value of the market?
– What are the key product level trends in the market?
– What are the market level trends in the market?
– Which of the market players are leading and what are their key differential strategies to retain their stronghold?
– Which are the most lucrative regions in the market space?
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