The Digestive and Intestinal Remedies Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Digestive and Intestinal Remedies Global Market Report 2024, The digestive and intestinal remedies market size has grown strongly in recent years. It will grow from $20.51 billion in 2023 to $21.63 billion in 2024 at a compound annual growth rate (CAGR) of 5.4%. The growth in the historic period can be attributed to traditional remedies, lifestyle changes, increased stress levels, dietary shifts, covid-19 impact.
The digestive and intestinal remedies market size is expected to see strong growth in the next few years. It will grow to $27.36 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to healthcare accessibility, global health events, rising health consciousness, ageing population, innovative product development.. Major trends in the forecast period include healthcare access, environmental factors, consumer education, regulatory environment, pharmaceutical advancements.
The increase in gastrointestinal disorder cases is expected to propel the digestive and intestinal remedy market going forward. Gastrointestinal disorders refer to a collective term of diseases such as nausea, vomiting, food poisoning, and diarrhea that impact the overall biological functioning of the gastrointestinal (GI) tract. The rising incidence of gastrointestinal disorders has resulted in a growing demand for digestive and intestinal remedies that can treat gastrointestinal diseases effectively. For instance, in May 2021, according to a report published by BioMed Central, a UK-based journal, the prevalence of Inflammatory Bowel Disease (IBD) is expected to significantly increase in various regions in 2035. Iran is projected to experience a 2.5-fold rise, reaching 69 thousand cases. In North Africa and the Middle East, the prevalence is estimated to increase by 2.3-fold, totaling 220 thousand cases. Moreover, there is an anticipation of a fourfold increase in prevalence in India, totaling 2.2 million cases. The East Asia region is anticipated to experience a 1.5-fold increase, reaching 4.5 million cases, while high-income Asia-Pacific and Southeast Asia regions are expected to have a 1.6-fold elevation in prevalence, with 183 thousand and 199 thousand cases, respectively. Therefore, an increase in gastrointestinal disorder cases is expected to drive the growth of the digestive and intestinal remedy market.
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The digestive and intestinal remedies market covered in this report is segmented –
1) Digestive and Intestinal Remedies Market By Type: Digestive Medicines, Remedies Against Gastrointestinal Complaints, Natural And Synthetic Agents
2) Digestive and Intestinal Remedies Market By Age Group: Pediatric, Adults
3) Digestive and Intestinal Remedies Market By Distribution Channel: Online, Offline
Top Major Players
CH Boehringer Sohn AG & Co. KG
Technological developments and advancements are key trend gaining popularity in the digestive and intestinal remedy market. Major players operating in the digestive and intestinal remedy market are focused on creating innovative technologies to manage and monitor digestive health in the digestive and intestinal remedy market. Recently the market has witnessed the use of breath analyzers to gather clinical condition information related to the digestive system. For instance, In May 2021, Owlstone Medical, a UK-based manufacturer and developer of breathalyzer for disease, launched digestive health breath testing in collaboration with functional gut diagnostics and functional gut clinic, providers of smart solutions for the diagnosis of gut health problems. Individuals can get better control over their digestive health through a simple at-home breath test. In SIBO and Food Intolerance, hydrogen and methane are well-established breath-based indicators. It uses an external substrate to create a precise and biologically relevant measurement of breath.
The digestive and intestinal remedies market report table of contents includes:
1. Executive Summary
2. Digestive and Intestinal Remedies Market Characteristics
3. Digestive and Intestinal Remedies Market Trends And Strategies
4. Digestive and Intestinal Remedies Market – Macro Economic Scenario
5. Global Digestive and Intestinal Remedies Market Size and Growth
……
31. Global Digestive and Intestinal Remedies Market Competitive Benchmarking
32. Global Digestive and Intestinal Remedies Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Digestive and Intestinal Remedies Market
34. Digestive and Intestinal Remedies Market Future Outlook and Potential Analysis
35. Appendix
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