The rising incidence of digestive tract infections of differing complexity in worldwide populations is a key factor driving the alimentary tract and metabolism market. The constant introduction of therapeutics and pharmaceutical products for the treatment of a wide variety of metabolic disorders and gastrointestinal (GI) tract infections is a crucial factor helping the substantial expansion of the market. To provide an incisive analysis of such factors and trends shaping the current and future dynamics of the market, Transparency Market Research (TMR) has penned a report, titled “Alimentary Tract and Metabolism Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016–2024”.
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The rapidly rising number of people in various parts of the world being affected by gastroesophageal reflux diseases, irritable bowel syndrome, peptic ulcers, and colitis, is a notable factor favoring the evolution of the market. The rising morbidity of alimentary tract and metabolic disorders, especially those arising out of lifestyle factors, is also bolstering the demand for alimentary tract and metabolism pharmaceuticals.
The wide significance accorded to alimentary tract in the biophysical study of metabolic disorders in the medical industry bodes well for the market. The rise in number of research and development activities being taken by several pharmaceutical companies and prominent players is a robust catalyst to the growth of the market.
Some of the key regional markets for alimentary tract and metabolism can be North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America. Of these, North America is a potentially lucrative market accounting for substantial global revenues throughout the forecast period. Apart from the rising incidence of digestive disorders, the regional market is witnessing a sustained momentum to its growth by innovative product launches. The rising mortality associated with colorectal cancer patients in key economies, notably in the U.S., is a notable factor supporting the striking growth.
Companies expected to hold a position of strength in the market include Takeda Pharmaceutical Company, Sanofi-Aventis, Merck KGaA, Novartis AG, Johnson & Johnson, F Hoffmann-La Roche, Eli Lilly and Company, AstraZeneca, and Abbott Laboratories, A/S.