PUBLISHER: The Insight Partners | PRODUCT CODE: 1819700
PUBLISHER: The Insight Partners | PRODUCT CODE: 1819700
The gastrointestinal drugs market in the Middle East and Africa (MEA) is projected to grow significantly, with an expected market size of approximately US$ 2,889.26 million by 2031, up from US$ 1,814.42 million in 2023. This growth represents a compound annual growth rate (CAGR) of 6.0% from 2023 to 2031.
Executive Summary and Market Overview
The MEA region encompasses key markets including the United Arab Emirates (UAE), Saudi Arabia, and South Africa, along with other countries in the region. Among these, Saudi Arabia stands out as the largest market for gastrointestinal drugs. The growth of this market is primarily driven by increasing government initiatives aimed at improving healthcare and a rising prevalence of gastrointestinal disorders.
Market Segmentation Analysis
The gastrointestinal drugs market in the MEA can be segmented based on various criteria, including drug class, application, route of administration, and distribution channel.
Market Outlook
Companies in the gastrointestinal drugs sector are actively pursuing strategic initiatives such as product approvals, collaborations, funding, and new product launches to enhance their market presence and cater to a broader customer base. Notable developments in the market include:
These strategic initiatives indicate a robust focus on developing innovative treatments for gastrointestinal diseases, which is expected to drive market growth in the coming years.
Country Insights
The MEA gastrointestinal drugs market is further analyzed by country, with Saudi Arabia, South Africa, the UAE, and the Rest of MEA being the primary regions. South Africa held the largest market share in 2023, driven by a high prevalence of gastrointestinal disorders and a need for increased awareness and early diagnosis of conditions such as IBS and constipation.
In South Africa, many gastrointestinal conditions remain undiagnosed, emphasizing the importance of raising awareness about symptoms and the need for early intervention. The South African Gastroenterology Society (SAGES) reports that older adults are particularly susceptible to constipation-related issues, with a fivefold increase in risk as age increases. Approximately 8% of the South African population, or about 4.6 million people, experience IBS symptoms at least once a week.
Recent years have seen the introduction of new agents for managing constipation, addressing the limitations of existing therapies, especially for opioid-induced constipation and other severe gastrointestinal disorders. For instance, Lubiprostone has been approved for treating chronic idiopathic constipation and opioid-induced constipation in adults.
Company Profiles
Key players in the MEA gastrointestinal drugs market include major pharmaceutical companies such as Sanofi SA, GSK Plc, Johnson & Johnson, Bausch Health Companies Inc, AstraZeneca Plc, AbbVie Inc, Bayer AG, and Pfizer Inc. These companies are employing various strategies, including market expansion, product innovation, and mergers and acquisitions, to enhance their product offerings and increase their market share in the gastrointestinal drugs sector.