About Irritable Bowel Syndrome Treatment
Irritable bowel syndrome is a gut-related functional gastrointestinal condition marked by colon muscle contractions. The large intestine is affected by irritable bowel syndrome. Irritable bowel syndrome is caused by bowel dysfunction and is more common in the elderly population. Constipation, diarrhoea, stomach pain, bowel function changes and irritation, and bloating are some of the symptoms. Because of the development of well-defined diagnostic criteria and the discovery of novel therapeutic groups by key market players, the market for irritable bowel syndrome care is growing positively. Furthermore, changes in lifestyle and eating patterns increase the prevalence of this disease, which could lead to an increase in the use of this medication and, as a result, market development.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Irritable Bowel Syndrome Treatment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Abbott Laboratories (United States), Synergy Pharmaceuticals, Inc. (United States), Sucampo Pharmaceuticals, Inc. (United States), Bausch Health Companies Inc. (Canada), Ardelyx, Inc. (United States), Astellas Pharma Inc. (Japan), Novartis AG (Switzerland), Lexicon Pharmaceuticals (United States) and Salix Pharmaceuticals (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Ironwood Pharmaceuticals, Inc. (United States), GlaxoSmithKline plc. (United Kingdom) and Allergan Plc (United States).
Segmentation Overview
AMA Research has segmented the market of Global Irritable Bowel Syndrome Treatment market by Type (Lubiprostone, Linaclotide, Eluxadoline, Rifaximin, Ramosetron Hydrochloride and Others) and Region.
On the basis of geography, the market of Irritable Bowel Syndrome Treatment 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). If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Irritable Bowel Syndrome Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Medical Condition, the sub-segment i.e. IBS-constipation will boost the Irritable Bowel Syndrome Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increase in Number of Pipeline Drugs
Market Growth Drivers:
Rise in Geriatric Population and Increase in the Prevalence of Gastrointestinal Disorders
Challenges:
Higher Competition among the Key Players in terms of Pricing
Restraints:
Lack of Specific Treatment which Treats all the Symptoms of Disorder
Opportunities:
Untapped Opportunities in Developing Economies and Increased Awareness about Available Treatment among the Patients
Market Leaders and their expansionary development strategies
In May 2020, AbbVie acquires Allergan This merger brought together AbbVie's Linzess (linaclotide) and Allergan's Viberzi (eluxadoline), two leading prescription drugs for IBS with constipation. This deal solidified AbbVie's position as a major player in the IBS marke
In Jan 2019, Ironwood Pharmaceuticals and AstraZeneca received marketing approval for Linzess in China with an aim to strengthen its position in the market.
Key Target Audience
New Entrants/Investors, Venture Capitalists and Private Equity Firms, Analysts and Strategic Business Planners, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.