Gastrointestinal Therapeutics Market Size (2024 - 2029)

Gastrointestinal Therapeutics Market Analysis

The Gastrointestinal Therapeutics Market size is estimated at USD 40.20 billion in 2024, and is expected to reach USD 49.80 billion by 2029, growing at a CAGR of 4.34% during the forecast period (2024-2029).

Factors such as the increasing prevalence of gastrointestinal diseases and the rising investments in research and development by pharmaceutical companies are expected to boost the market growth.

The increasing burden of gastrointestinal diseases such as ulcerative colitis, irritable bowel syndrome, Crohn’s disease, celiac disease, gastroenteritis, and others among the population is the key factor driving the market growth. For instance, according to a report published by the International Journal of Colorectal Disease in May 2023, in Japan, patients diagnosed with ulcerative colitis (UC) tended to be younger and exhibited a higher prevalence among men compared to women, while the opposite trend was observed in the United States.

Additionally, as per an article published in NLM in July 2022, it was observed that GERD, the most prevalent gastrointestinal condition, affects 20% of individuals in Western culture. As per the same source, an estimated prevalence of GERD in the United States ranges between 18.1% and 27.8%, and the prevalence of GERD is higher among men than women. Thus, the high burden of GI tract diseases such as cancer and GERD is expected to increase demand for effective therapeutics approaches, thereby boosting the market growth.

Furthermore, the rising company's investment in research and development of gastro-related drugs and rising drug launches that increase the availability of the drugs in the market are also expected to fuel the market growth. For instance, in September 2023, gastrointestinal health company Vivante Health received USD 31 million in its Series B funding round led by new investor Mercato Partners, bringing its total raise to USD 47 million. Vivante provides personalized care plans to track their symptoms and connect patients with a coordinated care team, including dietitians, internists, and gastroenterologists. Similarly, in June 2023, the American Gastroenterological Association invested in Oshi Health. Oshi Health provides diagnosis and integrated care for digestive conditions.

Therefore, owing to the factors above, such as the rising prevalence of GI disorders and the increasing R&D activities for the development of gastrointestinal disease treatment, it is likely to boost the growth of the gastrointestinal therapeutics market over the forecast period. However, stringent regulatory norms regarding drug approvals and an increasing number of patent expiries are expected to impede the market growth over the forecast period.

Gastrointestinal Therapeutics Industry Segmentation

As per the scope of the report, gastrointestinal disorders are medical conditions related to the digestive system that affect the colon, small and large intestine, and rectum. The disorders mainly include constipation, peptic ulcer diseases, and irritable bowel syndrome, characterized by various symptoms such as pain, bloating, diarrhea, nausea, and vomiting.

The gastrointestinal therapeutics market is segmented by drug type, dosage form, application, and geography. The drug type segment is further divided into biologics/ biosimilars, antacids, laxatives, antidiarrheal agents, antiemetics, antiulcer agents, and other drug types. The dosage form is further segmented into oral, parenteral, and other dosage forms. The application is further bifurcated into ulcerative colitis, irritable bowel syndrome, Crohn's disease, celiac disease, gastroenteritis, and other applications. The geography region is further divided into North America, Europe, Asia-Pacific, Middle East and Africa, and South America. The report also covers the estimated market sizes and trends for countries across major regions globally. The report offers the value (in USD) for the above segments.