Gastroparesis Treatment Market Overview:
The global gastroparesis treatment market is predicted to touch USD 5,323.62 million at a 3.8% CAGR over the forecast period (2016-2023), in accordance with the latest Market Research Future (MRFR) report. Gastroparesis means stomach paralysis. This is basically a digestive disorder where stomach mobility is absent or abnormal. During this condition, the stomach is not capable of contracting normally, thus cannot propel food nor crush food properly in the small intestine. As a result, there will be no normal digestion.
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Gastroparesis treatment market is burgeoning in sync with the growing implementation of strategies from various companies. Gastroparesis is an abnormality where the stomach delays the gastric emptying process due to some partial paralysis. Gastric muscles and vagus nerve play a significant role in the digestive system. Gastric muscles contract to push the food down towards small intestines. Vagus nerve controls the functions of small intestines. But if they are damaged, then the food goes down slowly, leading to symptoms like nausea, gastroesophageal reflux, feeling of fullness, bloating, loss of appetite, and pain. Diabetes can be considered as a trigger of the disease. Mostly young adult women register cases of such problem. MRFR while discussing the report included segmental analysis and drivers that can impact the market in detail for a holistic understanding. Profiles of market players have been updated as well in the report.
Gastroparesis is getting registered more due to the increasing prevalence of diabetes and post-surgical complications. New drug entry is also one major reason that can give the gastroparesis market traction. Participation from several big-shots in developing new, specific drugs can also be considered healthy for the market expansion. At the same time, the gastroparesis market can explore the mostly untapped market of India and China. The large patient pool of these countries can assist the market in securing substantial revenue.
On the flip side, lack of awareness regarding the gastroparesis treatment can hinder the normal growth rate of the gastroparesis market in the coming years.
Gastroparesis Treatment Market Segmentation:
MRFR report segments the global gastroparesis treatment market by type, drug class, and treatment.
Based on the type, the gastroparesis treatment market can be segmented into idiopathic, diabetic, post-surgical and others. Idiopathic leads the segment by fetching in substantial revenue. Diabetic is expected to be the fastest growing segment during the forecast period.
Based on the drug class, the gastroparesis treatment market includes prokinetic drugs, antiemetics, antidepressants, and others.
Based on the treatment, the gastroparesis treatment market can be segmented into jejunostomy, gastric electric stimulation (GES) and parenteral nutrition. Jejunostomy, at present, has the maximum market share.
Gastroparesis Treatment Market Regional Analysis:
MRFR report, region-wise, segments the Gastroparesis Treatment Market into the Americas, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA).
The Americas, at present, is leading the charge with the maximum market share. The dominance can be attributed to the endeavor big pharmaceutical companies are showing in taking the market forward by investing substantially in research and development. Technological advantage and robust healthcare infrastructure are major advantages that are expected to give the market an edge over its peers.
Europe assumes the second spot and the regional market can thrive on the factors that are quite similar to the Americas and expect prosperity in the coming years. The APAC region can display the fastest growth rate during the forecast period. Developing economies such as India and China, with their radically changing healthcare sector, are reaching out to a large patient pool. A step like this can always better the regional market growth rate.
Gastroparesis Treatment Market Competitive Landscape:
Notable players profiled in the MRFR report of gastroparesis market are Evoke Pharma, Salix Pharmaceuticals, Inc., Medtronic, Abbott Laboratories, Kimberly-Clark Corporation, Boston Scientific Corporation, C. R. Bard, Inc., Cardinal Health, Inc., Janssen Global Services, LLC, Alfa Wassermann SPA, Rhythm Pharmaceuticals, Inc. and others.
In 2018, Physicians at Cleveland Clinic Abu Dhabi performed the first POP surgery to provide the patient relief from gastroparesis. The surgery was first-of-its-kind performed in the UAE. This can mark a significant change in the Middle Eastern approach to the disease and open up further scopes for the regional market growth.
Evoke Pharma declared in 2018 that their Gimoti, a metoclopramide nasal spray, can treat women for their gastroparesis symptoms. But it has a different impact on men. That is why the company has filed for only for women approval.
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