Digestive & Intestinal Remedies Market By Type (Digestive Medicines, Gastrointestinal Agents and Remedies), By Age Group (Pediatirc, Adult), By Distribution Channel (Online, Offline): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global digestive and intestinal remedies market was valued at $18,250.0 million in 2021, and is projected to reach $26,243.4 million by 2031, registering a CAGR of 3.6% from 2022 to 2031.
Gastrointestinal conditions are disorders of digestive system, an extensive and complex system that breaks down food in order to absorb water and extract nutrients, minerals and vitamins for the body’s use, while removing unabsorbed waste. Symptoms of digestive disorders vary from condition to condition. Some of the common symptoms for most gastrointestinal problems include abdominal discomfort, unintentional weight loss, acid reflux, diarrhea, constipation, and fecal incontinence. Prevalence of these symptoms increases demand for various options for treatment. For instance, according to data by the Centers for Disease Control and Prevention in 2018, the estimated number of adults diagnosed with ulcers was 14.8 million, which is a 5.9% of total population. Moreover, in 2018, the number of visits to physician offices with diseases of digestive system as a primary diagnosis was about 37.2 million. The symptoms for this disease can be well treated by medicines such as laxatives, antacids, acidifying agents, and may also need use of digestive enzymes as a part of treatment.
The global digestive and intestinal remedies market is anticipated to show significant growth during the forecast period, owing to increase in gastrointestinal disorders, changes in natural food habits, and high demand for related over-the-counter products. Furthermore, increase in prevalence of digestive diseases such as inflammatory bowel disease, constipation, irritable bowel syndrome, and gastroesophageal reflux illness and increase in healthcare expenditure considerably contribute toward the market growth. However, increase in consumption of supplementary food products and availability of alternative therapies for gastrointestinal diseases negatively impact the market growth. In addition, economic growth in emerging markets offers lucrative opportunities for growth of the market.
The global digestive and intestinal remedies market is segmented on the basis of type, age group, distribution channel, and region. By type, the market is classified into digestive medicines and gastrointestinal agents & remedies. Furthermore, the digestive medicines segment is sub-classified into online and offline. The gastrointestinal agents & remedies segment is sub-classified into online and offline. By age group, the market is classified into pediatric and adult. By distribution channel, it is classified into online and offline. Region wise, the market is studied across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
Major companies profiled in the report include Abbott Laboratories, Bausch Health Companies Inc., Bayer AG, Boehringer Ingelheim International GmbH, Eli Lilly and Company, GlaxoSmithKline Plc, Jiangzhong Pharmaceutical Co Ltd, Johnson & Johnson, Menarini Group, Merck KGaA, Pfizer Inc., Prestige Consumer Healthcare Inc., Procter & Gamble Company, Reckitt Benckiser Group Plc, Sanofi S.A., Taisho Pharmaceutical Holdings Co Ltd, and Takeda Pharmaceutical Company Limited.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the digestive & intestinal remedies market analysis from 2021 to 2031 to identify the prevailing digestive & intestinal remedies market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the digestive & intestinal remedies market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global digestive & intestinal remedies market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Digestive Medicines
Gastrointestinal Agents and Remedies
By Age Group
Pediatirc
Adult
By Distribution Channel
Online
Offline
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
South Korea
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Abbott Laboratories
Bausch Health Companies Inc.
Bayer AG
Boehringer Ingelheim International GmbH
Eli Lilly and Company
Glaxosmithkline plc
Jiangzhong Pharmaceutical Co Ltd
Johnson & Johnson
Menarini Group
Merck KGaA
Pfizer Inc.
Prestige Consumer Healthcare Inc.
Procter & Gamble Company
Reckitt Benckiser Group plc
Sanofi S.A.
Taisho Pharmaceutical Holdings Co Ltd
Takeda Pharmaceutical Company Limited
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