Pancrelipase Market By Application (Chronic Pancreatitis, Cystic Fibrosis, Others), By Age (Children, Adults and Geriatrics), By Distribution Channel (Hospital Pharmacies, Drug Store and Retail Pharmacies, Online Pharmacies): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global pancrelipase market was valued at $1,760.41 million in 2021, and is estimated to reach $2,687.39 million by 2031, growing at a CAGR of 4.3% from 2022 to 2031.
Purified porcine pancreatic lipase, amylase, and protease enzymes are used to make pancrelipase. In diseases where the pancreas is not functioning properly, such as cystic fibrosis and pancreatitis, pancrelipase is utilized to aid in improving food digestion. The lipases, proteases, and amylases included in pancrelipase are necessary for the breakdown of proteins, carbohydrates, and lipids.
The major factors that drive the growth of the pancrelipase market is increase in the increase in prevalence of chronic pancreatitis, cystic fibrosis and changing dietary habits &lifestyle, are the factors attributed to the growth of the pancrelipase market. In addition, primarily pancreatic insufficiency is a key trend of the market which is expected to fuel the growth in the forecast period.The pancreas is inflamed by pancreatitis. Chronic pancreatitis, or pancreatitis that lasts for a long time, can occur in some persons. Adults with chronic pancreatitis or those who have undergone pancreas removal surgery can enhance their food digestion by taking pancrelipase pills coupled with a proton pump inhibitor (PPI). Increase in incidence of the pancreatitis drives the market growth.
Rise in prevalence of the digestive diseases drives pancrelipase market. For an instance According to the NCBI, National Center for Biotechnology Information, gastrointestinal diseases affect an estimated 60 to 70 million people annually in America. Thus, there is a growing prevalence of the digestive diseases around the globe which further highlights the need for the pancrelipase drugs causing the market growth
However high cost associated with drug development, patents of the branded drugs are expected to hinder the growth of the market. Conversely, growth opportunities in emerging market to suffice the consumer demands is expected to provide a great opportunity for the investors to invest in the market.
The global pancrelipase market is segmented on the basis of application, age, distribution channel and region. On the basis of application, the market is categorized into chronic pancreatitis, cystic fibrosis and others. By age, it is segmented into children and adult & geriatric. By distribution channel, it is segmented into hospital pharmacies, drug store and retail pharmacies and online pharmacies. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are Abbvie Inc, Digestive Care, Inc, Nestlé S.A., Organon Canada Inc., Viatris Inc., and Vivus LLC.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the pancrelipase market analysis from 2021 to 2031 to identify the prevailing pancrelipase 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 pancrelipase 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 pancrelipase market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Age
Children
Adults and Geriatrics
By Application
Chronic Pancreatitis
Cystic Fibrosis
Others
By Distribution Channel
Online Pharmacies
Hospital Pharmacies
Drug Store and Retail Pharmacies
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Rest of Europe
Asia-Pacific
Japan
China
India
Australia
Rest of Asia-Pacific
LAMEA
Latin America
Middle East Africa
Key Market Players
Abbvie Inc
Digestive Care, Inc.
Nestlé S.A
Organon Canada Inc.
Viatris Inc.
Vivus Llc
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