$46 Billion Worldwide Gastrointestinal Drugs Industry to 2030 - Featuring Takeda Pharmaceuticals, Allergan and AstraZeneca Among Others - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Gastrointestinal Drugs Global Market Report 2021: COVID-19 Implications and Growth to 2030" report has been added to ResearchAndMarkets.com's offering.

This report covers this critical market and the impact on it from the COVID-19 virus. It provides strategists, marketers and senior management with the critical information they need to assess the increasing demand for gastrointestinal drugs. Vitamins and Minerals play a crucial role in the treatment of patients with COVID-19 as they are used as immunity boosters.

The global gastrointestinal drugs market is expected to grow from $46.68 billion in 2020 to $48.74 billion in 2021 at a compound annual growth rate (CAGR) of 4.4%. The change in growth trend is mainly due to the companies stabilizing their output after catering to the demand that grew exponentially during the COVID-19 pandemic in 2020. The market is expected to reach $62.19 billion in 2025 at a CAGR of 6%.

Companies Mentioned

• Takeda Pharmaceuticals
• Allergan Plc
• Novo Nordisk A/S
• AstraZeneca Plc
• Johnson & Johnson

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North America was the largest region in the global gastrointestinal drugs market, accounting for 48% of the market in 2020. Asia Pacific was the second largest region accounting for 24% of the global gastrointestinal drugs market. Africa was the smallest region in the global gastrointestinal drugs market.

Major companies in the gastrointestinal drug industry are investing in making oral capsules of macromolecular drugs for gastrointestinal diseases for making the drug more effective. Macromolecular drugs, such as peptides, proteins, and antibodies, form a new class of drugs which can treat diseases of the gastrointestinal tract, such as inflammatory bowel disease. These macromolecular drugs are usually injected and only a fraction of the administered dose reaches the disease sites in the gastrointestinal tract. Thus, major companies such as Eli Lilly have been increasingly investing in making oral capsules for macromolecular drugs. In December 2017, the company invested $5 million to enter into a collaboration with Entrega to study the oral delivery of complex molecules, such as peptides to combat gastrointestinal diseases.

During the historic period, the growth of the gastrointestinal drugs market was restrained by patent expiration of branded gastrointestinal drugs. In general, pharmaceutical companies invest a large sum of money in the drug development process and patents. During the patency period, the company holding the patent holds exclusivity for the manufacturing and distribution of drugs. Post expiration of patency, generic versions of the drugs are manufactured by other companies with prices much lower than the original branded drugs. Overall, this negatively impacts the growth of the market in terms of value.

The aging population profile of most countries contributed to the growth of the gastrointestinal drugs market. The increase in patient pool due to rising geriatric population globally, contributed significantly to the growth of the market during the historic period. According to the Population Reference Bureau, the share of population over the age of 65 in the global population increased from 8% in 2015 to 9% in 2019. The global population aged 65 years or over was 703 million in 2019. This rise in the geriatric population increased the demand for medical care and drove the healthcare expenditure. This has led to increased demand for pharmaceuticals products, significantly impacting market growth during this period.

Key Topics Covered:

1. Executive Summary

2. Report Structure

3. Gastrointestinal Drugs Market Characteristics

3.1. Market Definition

3.2. Key Segmentations

4. Gastrointestinal Drugs Market Product Analysis

4.1. Leading Products/ Services

4.2. Key Features and Differentiators

4.3. Development Products

5. Gastrointestinal Drugs Market Supply Chain

5.1. Supply Chain

5.2. Distribution

5.3. End Customers

6. Gastrointestinal Drugs Market Customer Information

6.1. Customer Preferences

6.2. End Use Market Size and Growth

7. Gastrointestinal Drugs Market Trends and Strategies

8. Impact of COVID-19 on Gastrointestinal Drugs

9. Gastrointestinal Drugs Market Size and Growth

9.1. Market Size

9.2. Historic Market Growth, Value ($ Billion)

9.3. Forecast Market Growth, Value ($ Billion)

10. Gastrointestinal Drugs Market Regional Analysis

10.1. Global Gastrointestinal Drugs Market, 2020, by Region, Value ($ Billion)

10.2. Global Gastrointestinal Drugs Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region

10.3. Global Gastrointestinal Drugs Market, Growth and Market Share Comparison, by Region

11. Gastrointestinal Drugs Market Segmentation

11.1. Global Gastrointestinal Drugs Market, Segmentation by Type

11.2. Global Gastrointestinal Drugs Market, Segmentation by Distribution Channel

11.3. Global Gastrointestinal Drugs Market, Segmentation by Route of Administration

11.4. Global Gastrointestinal Drugs Market, Segmentation by Drug Classification, Historic and Forecast

11.5. Global Gastrointestinal Drugs Market, Segmentation by Mode of Purchase, Historic and Forecast

12. Gastrointestinal Drugs Market Metrics

For more information about this report visit https://www.researchandmarkets.com/r/3fs5kg

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