PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1279593
PUBLISHER: Knowledge Sourcing Intelligence | PRODUCT CODE: 1279593
The inflammatory bowel syndrome (IBS) treatment market was valued at US$22.529 billion in 2021 and will witness robust growth over the projected period. Inflammatory bowel syndrome is a chronic digestive disorder that affects the large intestine (colon) and causes symptoms such as abdominal pain, bloating, diarrhea, and constipation. It is a complicated illness with no known cure, and its precise cause is unclear. As a result, the IBS industry offers various medications and therapies designed to control and lessen the condition's symptoms. The two primary categories of these treatments are pharmacological and non-pharmacological. Laxatives, anti-diarrheal medicines, antispasmodics, and antidepressants are a few examples of the pharmaceuticals used pharmacologically to treat IBS. By focusing on particular IBS symptoms, such as decreased bowel contractions, increased frequency of stools, or mood enhancement, these drugs seek to alleviate the symptoms of the condition.
Dietary changes, such as increasing fiber intake or avoiding particular trigger foods, and lifestyle improvements, such as stress management and exercise, are examples of non-pharmacological therapy for IBS. Additional treatment options like supplementary and alternative therapies include acupuncture or hypnosis, which some patients may find helpful. The development of novel and innovative treatments, the rising prevalence of the illness, rising awareness of IBS among patients and healthcare professionals, and other factors are projected to fuel the growth of the IBS treatment market in the upcoming years. However, the market also has to contend with issues like the high cost of some pharmaceuticals and the ineffectiveness of some patients' present treatments.
Since many available IBS treatments are only partially effective, many patients only get insufficient symptom relief. Antispasmodics and antidepressants, for example, might have considerable adverse effects that restrict their acceptability when used as IBS therapy. In addition, some of the more recent IBS medications, such as biologics, can be pricey, which limits some patients' access to them. These reasons significantly hamper the development of the IBS treatment market.
The inflammatory bowel syndrome treatment market is segmented geographically into North America, South America, Europe, Middle East and Africa, and Asia Pacific. North America is anticipated to control significant shares of the global IBS market due to the region's high incidence of the ailment and numerous big pharmaceutical companies. According to the Canadian Society of Intestinal Research, IBS is estimated to affect between 5% and 20% of Canadians. Additionally, the region has a strong healthcare infrastructure and high public and professional knowledge of IBS. As a result, developing novel and creative remedies for the illness has become a priority.
The Asia Pacific IBS treatment market is predicted to rise significantly due to the region's huge and expanding population and the ailment's rising prevalence. IBS is also becoming more widely known in the area, which has boosted the demand for diagnostic procedures and treatment alternatives. A number of significant pharmaceutical companies have also established operations in the area, which has increased investment in R&D.
Not an exhaustive list