Diabetic Gastroparesis Market Expected To Reach US$ 3,769.3 Mn By 2024

According to the latest market report published by Persistence Market Research titled “Diabetic Gastroparesis Treatment Market: Global Industry Analysis and Forecast, 2016 – 2024”, revenue from the global diabetic gastroparesis treatment market is projected to register a CAGR of 4.1% during the forecast period (2016–2024). Diabetic gastroparesis is the symptom of delayed gastric emptying affecting patients suffering from Type-1 and Type-2 diabetes.

The disease primarily has no cure but its symptoms are treatable via various types of drugs and devices. The global diabetic gastroparesis treatment market was valued at US$ 2,650 Mn in 2015, which is expected to increase to US$ 3,769.3 Mn by 2024.

The report analyzes the global diabetic gastroparesis treatment market in terms of market value on the basis of product type, disease indication, and distribution channel; and provides information regarding regional market dynamics, regulations, current trends, market estimations, and forecast.

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Rising prevalence of Type-1 and Type-2 diabetes with high unmet medical needs, growing demand for minimally invasive treatment for refractory gastroparesis, and availability of reimbursement for in-patient hospital stays are driving growth of the global diabetic gastroparesis treatment market.

Increasing use of diabetic gastroparesis drugs to control symptoms such as nausea and vomiting is anticipated to fuel growth of the global diabetic gastroparesis treatment market over the forecast period. However, usage of non-prescription drugs to control the symptoms restricts diagnosis of stage 1 and stage 2 gastroparesis.

Lack of clinical evidence on improvement offered by prescription drugs and termination of clinical trials are factors expected to hamper growth of the global diabetic gastroparesis treatment market over the forecast period.

Key Findings of the Report:

  • To investigate the competitive landscape – product launches, expansions, collaborations and acquisitions in the market.
  • To analyze and research the global market landscape and growth outlook, which includes, revenue, production, consumption, historical and forecast.
  • To recognize important drivers, restraints, opportunities, and threats (DROT Analysis)(SWOT Analysis).
  • To tactically examine the growth pattern and contribution to the market of every segment.

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The global diabetic gastroparesis treatment market has been segmented on the basis of product type into drugs and surgical treatment products; on the basis of disease indication into compensated gastroparesis and gastric failure; and on the basis of distribution channel into hospital pharmacies, private clinics, drug stores, retail pharmacies, and e-commerce. Among product types, the drugs segment dominated the market with maximum revenue share of 66% in 2015 followed by the surgical treatment product segment with 34% share.

Enhanced development of novel products such as the domperidone drug for the treatment of gastric motility disorder are expected to fuel the growth of the drugs segment over the forecast period. The hospital pharmacies segment is estimated to account for the highest market revenue share of 48.0% in the global diabetic gastroparesis treatment market by the end of 2016.

The report covers the global diabetic gastroparesis treatment market across five key regions namely North America, Latin America, Europe, Asia Pacific (APAC), and Middle East & Africa (MEA). North America is expected to remain the dominant market throughout the forecast period, driven by rise in healthcare expenditure, increasing demand for metoclopramide agents in the management of diabetic gastroparesis disease, increasing research on antibodies and other innovative prokinetics drug delivery formats, and technological advancements.

Revenue from the diabetic gastroparesis treatment market in North America is expected to register a CAGR of 4.4% over the forecast period. Asia Pacific is expected to remain the second-most lucrative market for diabetic gastroparesis treatment, with an estimated CAGR of 4.5% over the forecast period.

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Company Profiles

  • Janssen Global Services, LLC
  • Evoke Pharma
  • Cardinal Health, Inc.
  • Salix Pharmaceuticals, Inc.
  • Alfa Wassermann SPA
  • Abbott Laboratories
  • Medtronic Plc.
  • C. R. Bard, Inc.
  • Rhythm Pharmaceuticals, Inc.
  • Boston Scientific Corporation
  • Kimberly-Clark Corporation
  • Others

More About the Report –

Unprecedented access to a world of information has given rise to the empowered, albeit distrustful, consumer. So is the case with healthcare, where the patient has been rendered more informed and conscientious thanks to the extraordinary penetration of the Internet. The discerning patient now demands more affordable, sophisticated, transparent, and personalized healthcare services, creating the need for new models for care.

The advent of health information technology (HIT) components such as electronic health records (EHR), hospital information systems (HIS), picture archiving and communication systems (PACS), and vendor-neutral archives (VNA) has had just as transformational an impact on the overall healthcare sector as the concerns regarding security and privacy. Data theft, undue access to personal health records, and cyber-attacks are very real threats that the healthcare sector faces today.

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