The new report by Expert Market Research titled, ‘Global Diabetic Gastroparesis Treatment Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2031’, gives in-depth analysis of the Global Diabetic Gastroparesis Treatment market, assessing the market based on its segments like type, disease indication, distribution channel, and major regions.
The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analyzing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2031): –
- Historical Market Size (2022): USD 3.5 billion
- Forecast CAGR (2023-2031): 4.1%
The demand for diabetic gastroparesis has increased due to developments in the field of healthcare and gastric treatment. A variety of medical disorders in humans could be caused by diabetes, and gastroparesis is one such stomach disease. In the growth of the global market for diabetic gastroparesis care, the growing incidence of diabetes has played a major role. The market growth has also been aided by the presence of a streamlined healthcare industry that focuses on swift treatment and diagnosis.
The quality of life can be seriously compromised by diabetic gastroparesis, thus medical practitioners have shown a great sense of urgency in the treatment of such disorders. Furthermore, the presence of dieticians and practitioners who can advise diabetics on correct food intake habits has also helped market development. The factors listed above vindicate the growth prospects within the global market for treatment of diabetic gastroparesis.
Industry Definition and Major Segments
Gastroparesis is a delayed gastric emptying syndrome because of partial stomach paralysis, resulting in an abnormally long duration of food remaining in the stomach. The gastric muscles contract to carry food down to the small intestine that the vague nerve regulates.
Damage to the vague or stomach and intestinal muscles causes food to move slowly, contributing to gastroparesis. Gastroparesis affects young adult females primarily. While diabetes is often associated with gastroparesis, idiopathic gastroparesis accounts for the largest number of cases.
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On the basis of type, the industry is divided into:
- Surgical Treatment Products
On the basis of disease indication, the industry is divided into:
- Compensated Gastroparesis
- Gastric Failure
On the basis of distribution channel, the industry is divided into:
- Hospital Pharmacies
- Drug Stores
- Private Clinics
- Retail Pharmacies
On the basis of region, the industry is divided into:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The demand graph of the worldwide diabetic gastroparesis care market has been tracing an escalating trajectory. This is partly due to the large gap in diabetic care and identification of unmet needs. The growing occurrence of type I and type II diabetes has also played a significant role in the growth of the global market for diabetic gastroparesis care. Demand for minimally invasive gastroparesis treatments and surgeries has also created enormous market growth opportunities. Production of new drug lines for the treatment of diabetic gastroparesis is also expected to generate substantial revenues in this market.
In North America, the demand for diabetic gastroparesis has been expanding alongside developments in the United States diabetic care industry. In the growth of the global market for the treatment of diabetic gastroparesis, the availability of favourable reimbursement policies for diabetics has played a key role. It is therefore fair to expect that the global demand for diabetic gastroparesis therapy will grow in the coming years at a stellar rate.
Key Market Players
The major players in the market are Evoke Pharma, Inc., Allergan plc, Salix Pharmaceuticals, Theravance Biopharma, Inc., and Medtronic, plc, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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