What is the Historical Analysis of the Digestive and Intestinal Remedies Market Size?
The digestive and intestinal remedies market has seen considerable growth due to a variety of factors.
• Over the past few years, the market size for digestive and intestinal remedies has experienced significant growth. The market, which stands at $21.37 billion in 2024, is projected to increase to $22.5 billion in 2025 with a compound annual growth rate (CAGR) of 5.3%. Factors contributing to this growth include traditional remedies, changes in lifestyle, heightened stress levels, alterations in diet and the effects of the COVID-19 pandemic.
What is the Forecasted Market Size and CAGR for the Digestive and Intestinal Remedies Market in the Coming Years?
The Digestive and Intestinal Remedies market is expected to maintain its strong growth trajectory in upcoming years.
• The market for digestive and intestinal remedies is anticipated to see robust expansion in the coming years, increasing to $29.16 billion by 2029 with a compound annual growth rate (CAGR) of 6.7%.
Several factors driving growth during the forecast era include improvements in healthcare access, international health occurrences, enhanced health awareness, an aging demographic, and the creation of innovative products. Key trends to watch in this forecast period involve access to healthcare, environmental influences, consumer enlightenment, regulatory frameworks, and advancements in pharmaceuticals.
What Key Factors and Trends Are Driving The Growth Digestive and Intestinal Remedies Market?
The anticipated rise in cases of gastrointestinal disorders is predicted to boost the growth of the digestive and intestinal remedy market. The term gastrointestinal disorders encompasses various conditions such as nausea, food poisoning, vomiting, and diarrhea which affect the functionality of the gastrointestinal (GI) tract. The increased prevalence of these disorders has led to an increased demand for remedies to effectively treat these diseases. To illustrate, projections by the American Cancer Society, a non-profit organization based in the U.S., in January 2024 estimate about 26,890 new diagnoses of stomach cancer in the U.S. for that year, breaking down into 16,160 cases in men and 10,730 in women. This form of cancer is also projected to cause approximately 10,880 deaths which includes 6,490 men and 4,390 women. As such, the rise in gastrointestinal disorder cases is foreseen to fuel the expansion of the digestive and intestinal remedy market.
What Are The Market Segments In The Digestive and Intestinal Remedies Market?
The digestive and intestinal remedies market covered in this report is segmented –
1) By Type: Digestive Medicines, Remedies Against Gastrointestinal Complaints, Natural And Synthetic Agents
2) By Age Group: Pediatric, Adults
3) By Distribution Channel: Online, Offline
Subsegments:
1) By Digestive Medicines: Antacids, Digestive Enzymes, Proton Pump Inhibitors (PPIs), H2-Receptor Antagonists
2) By Remedies Against Gastrointestinal Complaints: Anti-Nausea Medications, Antidiarrheal Agents, Laxatives, Gastroprotective Agents
3) By Natural And Synthetic Agents: Herbal Remedies, Synthetic Antispasmodics, Probiotics And Prebiotics
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What Trends Are Shaping The Digestive and Intestinal Remedies Market?
The primary trend making waves in the digestive and intestinal remedy market is the rise of technological innovations. Key market players focus their energies towards the creation of cutting-edge technologies to supervise and control digestive health within the market. There has been a recent increase in the use of breath analyzers in the market, designed to collect clinical data pertinent to the digestive system. For example, FoodMarble, a company based in Ireland that specializes in breath testing devices, unveiled the AIRE 2 digestive breath tester in February 2022. The company released a compact device enabling people suffering from digestive problems like Small Intestinal Bacterial Overgrowth (SIBO) and IBS measure and observe their digestion instantaneously, assisting in effective health management. This sophisticated technology can pinpoint foods that cause swift fermentation in the gut, potentially leading to a range of digestive symptoms. The gadget is also suited for use by healthcare experts to better understand patients' digestive issues, including IBS and SIBO.
Who Are the Key Players In The Digestive and Intestinal Remedies Market?
Major companies operating in the digestive and intestinal remedies market include:
• Bayer AG
• Abbott Laboratories
• Bausch Health Companies Inc.
• Eli Lilly and Company
• GlaxoSmithKline PLC
• Jiangzhong Pharmaceutical Co. Ltd.
• Johnson & Johnson Pvt. Ltd.
• Menarini Group
• Merck Co. & KGaA
• Pfizer Inc.
• Prestige Consumer Healthcare Inc.
• Procter & Gamble Company
• Reckitt Benckiser Group PLC
• Sanofi SA
• Takeda Pharmaceutical Company Limited
• AbbVie Inc.
• Alfa Wassermann and Sigma-Tau
• Allergan PLC
• AstraZeneca PLC
• Boehringer Ingelheim International GmbH
• Daiichi Sankyo Chemical Pharma Co. Ltd.
• Evoke Pharma Inc.
• Ipsen SA
• Ironwood Pharmaceuticals Inc.
• Mundipharma
• Mylan NV
• Norgine Pharmaceuticals Ltd.
• Novartis AG
• Otsuka Pharmaceutical Co. Ltd.
• Perrigo Company
• Recordati S.p.A.
• RedHill Biopharma Ltd.
• Ritter Pharmaceuticals Inc.
• Salix Pharmaceuticals Inc.
What Are The Regional Insights Into The Digestive and Intestinal Remedies Market?
North America was the largest region in the digestive and intestinal remedies market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the digestive and intestinal remedies market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
