Exocrine Pancreatic Insufficiency Market Stand Out as the Biggest Contributor to Global Growth 2019-2028
Exocrine pancreatic insufficiency (EPI) is the inability to digest food properly, owing to insufficient levels of digestive enzymes from pancreas. EPI is commonly found in humans affected with Shwachman-Diamond Syndrome and cystic fibrosis. Moreover, it is triggered by the progressive loss of pancreatic cells that generate digestive enzymes. Furthermore, exocrine pancreatic insufficiency (EPI) disturbs the normal growth, life expectancy and response from the immune system. Diarrhoea, steatorrhea, fatigue and weight loss are the key symptoms of exocrine pancreatic insufficiency (EPI).
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Increasing incidences of exocrine pancreatic insufficiency and demands of advanced therapeutics for treatment of exocrine pancreatic insufficiency across the globe are key factors driving growth of global exocrine pancreatic insufficiency market. Apart from these, strong presence of significant amount of pipeline drugs is also a major factor responsible for growth of global pancreatic exocrine insufficiency market.
However, lack of technological reach and awareness among the general population in many parts of emerging economies are key restraints for growth of global exocrine pancreatic insufficiency market. Strict regulatory measures and difficulty in gaining approvals for drugs by regulatory authorities is a major factor affecting growth of global exocrine pancreatic insufficiency market.
In developed regions, rising geriatric population and minimum death rates are key opportunities for growth of global exocrine pancreatic insufficiency market. Moreover, emerging economies such as India and China portray a great scope for growth of global exocrine pancreatic market, owing to rising awareness among the general population and technological advancements in these regions.
The markets in North America, and Europe dominated the global exocrine pancreatic insufficiency market in terms of revenue, owing to high public awareness about EPI and availability of advanced treatment methods. Asia pacific market is expected to expand significantly over the forecast period obtaining the highest CAGR, mainly due to its high geriatric population and accelerated demand for accurate and reliable treatment of exocrine pancreatic insufficiency (EPI).
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Key players in the global exocrine pancreatic insufficiency market include Axcan, Aptalis Pharma Inc., Eli Lilly & Co., Cilian AG, Nordmark Arzneimittel GmbH & Co.KG, Laboratoires Mayoly Spindler, Abbvie Inc., Allergan plc, Digestive Carew Inc., Cilian AG, Anthera Pharmaceuticals Inc. and AzuRx Biopharma, Inc.