What is Prokinetic Drugs Market?
Prokinetic drugs are the medications used for the treatment of acid reflux disease. These drugs help to strengthen the lower esophageal sphincter (LES) and cause the contents of the stomach to empty faster that allows less time for acid reflux to occur. They are typically used with gastroesophageal reflux disease (GERD) or heartburn medications, such as proton pump inhibitors (PPIs) or H2 receptor blockers.
The market study is being classified by Type (Cisapride, Domperidone, Metoclopramide, Levosulpiride, Erythromycin, Tegaserod, Mosapride Citrate, Itopride hydrochloride, Renzapride and Prucalopride), by Application (Gastrointestinal Symptoms (Abdominal Discomfort, Bloating, Constipation, Heart Burn and Others) and Gastrointestinal Disorders (Irritable Bowel Syndrome, Gastritis, Gastroparesis and Functional Dyspepsia)) and major geographies with country level break-up.
Johnson and Johnson (United States), Sanofi S.A. (France), Cadila Pharmaceuticals (India), Hanmi Pharm Co., Ltd. (South Korea), Kyowa Hakko Kirin Co., Ltd. (Japan), Pfizer Inc. (United States), Teva Pharmaceutical Industries Ltd (Israel), Medley Pharmaceuticals Ltd (India), Sumitomo Dainippon Pharma Co., Ltd. (Japan) and Tranzyme Pharma, Inc. (United States) are some of the key players profiled in the study.
There are various companies that are operating in the new geographical regions by adopting various market growth initiatives such as mergers & acquisitions, expansions, investments, and others. There are various new market players are entering the market to capture market growth opportunities. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Prokinetic Drugs market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Prokinetic Drugs market by Type, Application and Region.
On the basis of geography, the market of Prokinetic Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Prevalence of Gastrointestinal Diseases
- Increase in Healthcare Expenditure
- Development of New Diagnostic Centre and Hospitals
Market Trend
- High Demand for Advanced Treatment Options for Chronic Diseases
Restraints
- Serious Side Effects of the Prokinetic Drugs
Opportunities
- Growing Number of Regulatory Approvals
- Growth in the Healthcare Industry Worldwide
- Increased Research and Development Activities
Challenges
- Stringent Government Rules and Regulations
In August 2020, Johnson & Johnson has announced it has entered into a definitive agreement to acquire Momenta Pharmaceuticals, Inc. (Momenta), a company that discovers and develops novel therapies for immune-mediated diseases, in an all-cash transaction.
Key Target Audience
Prokinetic Drugs Manufacturers, Raw Material Suppliers, Distributors, Emerging Companies, Research Professionals and End-users