About IBS Treatment
Irritable bowel syndrome (IBS) is a common disorder that affects the large intestine. Signs and symptoms include cramping, abdominal pain, bloating, gas, and diarrhea or constipation, or both. Only a small number of people with IBS have severe signs and symptoms. Some people can control their symptoms by managing diet, lifestyle and stress. More-severe symptoms can be treated with medication and counseling. Rising prevalence of gastrointestinal diseases and disorder, geriatric population, unhealthy diet, anxiety, depression, and changing lifestyle are the key drivers of the IBS market. Moreover, strong clinical pipeline and government support is fuelling the market in this region.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The market is highly fragmented with the presence of various players in the market. Some of the key strategies followed by the players operating in the market were innovation, product development, acquisition, and expansion. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global IBS 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.
Novartis AG (Switzerland), Abbott Laboratories (United States), Synergy Pharmaceuticals, Inc. (United States), Allergan Plc (Ireland), Sucampo Pharmaceuticals (United States), Ironwood Pharmaceuticals, Inc. (United States), Astellas Pharma Inc. (Japan), Valeant Pharmaceuticals (Canada), Ardelyx, Inc. (United States) and Sebela Pharmaceuticals (Ireland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Probi (Sweden), Alfasigma USA, Inc. (Italy), RedHill Biopharma Ltd. (Israel), AstraZeneca (United Kingdom), Ipsen (France), Takeda Pharmaceutical Company Ltd (Japan) and Synthetic Biologics, Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global IBS Treatment market by Type (IBS-D, IBS-C and IBS-M), Application (Hospitals, Clinics and Research Laboratories) and Region.
On the basis of geography, the market of IBS 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 Drug, the sub-segment i.e. Lubiprostone will boost the IBS Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Product, the sub-segment i.e. Xifaxan will boost the IBS Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing adoption of inorganic strategies by manufacturer
Market Growth Drivers:
Increase prevalence of irritable bowel syndrome among the population and Increase in research and development of new therapeutic products for the treatments of IBS
Challenges:
Lack of expertise
Restraints:
Side effects associated with various drugs taken in curing IBS
Opportunities:
Increasing investments and funding in the field of life science
Market Leaders and their expansionary development strategies
In February 2021, Seed Health, a microbial sciences company, acquired of Auggi, a digital health company with a suite of artificial intelligence and machine learning technologies to track and analyze digestive health. Seed Health will acquire Auggi's technology assets, including its AI algorithm for real-time Bristol stool typing, the world's largest stool image database, and a mobile monitoring application for clinical research.
In April 2022, Ardelyx, Inc. (Nasdaq: ARDX), a biopharmaceutical company founded with a mission to discover, developed and commercialize innovative first-in-class medicines that meet significant unmet medical launched of IBSRELA, the first and only NHE3 inhibitor for the treatment of irritable bowel syndrome with constipation (IBS-C) in adults. IBSRELA is the first FDA-approved product for Ardelyx.
Key Target Audience
Academic research institute, Pharmaceuticals companies, Biotechnology companies, Contract research organization and Market research and consulting firms
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.