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Global Gastroesophageal Reflux Disease Market Size By Treatment Type, By Drug Class, By Distribution Channel, By Geographic Scope And Forecast


Published on: 2024-08-07 | No of Pages : 320 | Industry : latest updates trending Report

Publisher : MIR | Format : PDF&Excel

Global Gastroesophageal Reflux Disease Market Size By Treatment Type, By Drug Class, By Distribution Channel, By Geographic Scope And Forecast

Gastroesophageal Reflux Disease Market Size And Forecast

Gastroesophageal Reflux Disease Market size was valued at USD 5.18 Billion in 2023 and is projected to reach USD 5.93 Billion by 2030, growing at a CAGR of 1.7% during the forecast period 2024 to 2030.

The Gastroesophageal Reflux Disease (GERD) Market encompasses the segment within the healthcare industry that focuses on the diagnosis, treatment, and management of gastroesophageal reflux disease, a chronic condition characterized by the reflux of stomach acid into the esophagus, leading to symptoms such as heartburn, regurgitation, chest pain, and difficulty swallowing. GERD is a prevalent gastrointestinal disorder affecting millions of individuals worldwide and is associated with various risk factors, including obesity, hiatal hernia, pregnancy, and certain dietary and lifestyle habits. The market includes a range of pharmaceutical therapies, over-the-counter (OTC) medications, medical devices, surgical interventions, and lifestyle modifications aimed at alleviating symptoms, preventing complications, and improving patients’ quality of life.

Global Gastroesophageal Reflux Disease Market Drivers

The market drivers for the Gastroesophageal Reflux Disease Market can be influenced by various factors. These may include

  • Growing PrevalenceOne important contributing factor is the global increase in GERD cases. The prevalence of GERD is rising due to a number of factors, including eating choices, aging populations, changing lifestyles, and obesity rates.
  • Growing Awareness As patients become more knowledgeable about the signs and effects of GERD, more people are contacting doctors for guidance and care.
  • Technological Developments in Diagnostic procedures Accurate diagnosis and timely action are made possible by advances in diagnostic procedures such as endoscopy, pH monitoring, and imaging investigations.
  • Growing Healthcare Expenditure Patients with GERD now have more access to GERD-related diagnostic tests, treatment choices, and healthcare services thanks to rising healthcare spending in developed and developing nations alike.
  • Modifying Eating Habits Nutritional elements are important in the onset and treatment of gastroesophageal reflux disease (GERD). The prevalence of GERD is enhanced by dietary changes, such as increased intake of alcohol, caffeine, spicy and fatty meals. This leads to a surge in the market for related products and therapies.
  • Technological developments in Treatment technologies The development of less intrusive and more effective technologies for surgical treatments like laparoscopic anti-reflux operations is one factor driving the growth of the GERD market.
  • Growing Complications from GERD The need for efficient therapies and monitoring techniques is driven by complications from untreated or inadequately managed GERD, such as Barrett’s esophagus and esophageal cancer.
  • Regulatory Support By making it easier for novel treatments and products to be approved and brought to market, supportive regulatory frameworks and activities that support research and development in gastroenterology and adjacent sectors help to expand the GERD market.
  • Growing Senior Population Because to physiological changes in the gastrointestinal system, the elderly population is more prone to GERD. The likelihood of GERD increasing with ageing of the world population will fuel demand for GERD-related goods and services.

Global Gastroesophageal Reflux Disease Market Restraints

Several factors can act as restraints or challenges for the Gastroesophageal Reflux Disease Market. These may include

  • Generic Competition The income potential for branded drugs is limited by the availability of generic versions of proton pump inhibitors (PPIs), a key component of GERD treatment. Pharmaceutical firms frequently experience price erosion and lower profit margins as a result of generic competition.
  • Side Effects of Medications Prolonged usage of proton pump inhibitors (PPIs), which are frequently recommended to treat gastroenteritis (GERD), has been linked to a number of unfavourable outcomes, such as an elevated risk of bone fractures, Clostridium difficile infections, and deficiencies in vitamins and minerals. The growth of the pharmaceutical market may be impacted if individuals and healthcare professionals decide to look into alternative treatments or cut back on their prescription use due to concerns about these negative effects.
  • Alternative therapy In order to alleviate their GERD symptoms, some patients choose non-pharmacological and alternative therapy. These include herbal remedies, acupuncture, chiropractic adjustments, and dietary and weight-loss modifications. The adoption and accessibility of these substitute methods could lessen dependency on prescription drugs and limit the expansion of the GERD drug market.
  • Limited Effectiveness of Current Treatments Although many patients can find significant symptom alleviation from medications and lifestyle changes, some people develop refractory GERD, in which symptoms worsen despite treatment. The need for additional effective treatment alternatives is highlighted by the limited efficacy of current medicines in specific patient populations.
  • Diagnostic Difficulties Because GERD symptoms might overlap with those of other gastrointestinal disorders, diagnosing GERD can be difficult. Underdiagnosis or misdiagnosis of GERD can result in ineffective treatment and impede the expansion of the GERD-related goods and services sector.
  • High Cost of Surgical treatments For patients with severe or refractory GERD, surgical treatments like fundoplication are useful therapy choices. But some patients might be discouraged from seeking surgical care due to the high expense of surgery as well as possible risks and problems, which would hinder market growth in this category.
  • Reimbursement Challenges Patients’ access to care and treatment choices may be impacted by variations in insurance coverage and reimbursement regulations for GERD therapies among various locations and healthcare systems. Growth in the industry may be constrained by reimbursement issues, especially for expensive treatments and prescription drugs.
  • Patient Persistence and Compliance Following recommended course of action and making lifestyle adjustments are essential for controlling GERD. However, a number of reasons, including the chronic nature of the ailment, complicated dosing regimens, and pharmaceutical side effects, might result in less than ideal patient compliance. Therapy results may be hampered and market expansion may be constrained by low compliance and perseverance with treatment.

Global Gastroesophageal Reflux Disease Market Segmentation Analysis

The Global Gastroesophageal Reflux Disease Market is segmented based on Treatment Type, Drug Class, Distribution Channel, and Geography.

Gastroesophageal Reflux Disease Market, By Treatment Type

  • Medication Various drugs like proton pump inhibitors, H2 receptor blockers, and antacids used to manage acid reflux symptoms.
  • Surgery Surgical procedures such as fundoplication and LINX for severe acid reflux cases unresponsive to medication.

Gastroesophageal Reflux Disease Market, By Drug Class

  • Proton Pump Inhibitors (PPIs) Drugs like omeprazole and esomeprazole that reduce stomach acid production.
  • H2 Receptor Blockers Medications such as ranitidine and famotidine that decrease acid production in the stomach.
  • Antacids Substances like calcium carbonate and sodium bicarbonate that neutralize stomach acid.
  • Prokinetics Medications such as metoclopramide and domperidone that improve gastrointestinal motility.

Gastroesophageal Reflux Disease Market, By Distribution Channel

  • Hospital Pharmacies Pharmacies within medical facilities providing medications for inpatients and outpatients.
  • Retail Pharmacies Pharmacies in retail settings offering medications and healthcare products to the general public.
  • Online Pharmacies Digital platforms facilitating the purchase and delivery of medications and health-related items.

Gastroesophageal Reflux Disease Market, By Geography

  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

Key Players

The major players in the Gastroesophageal Reflux Disease Market are

  • Pfizer Inc
  • AstraZeneca
  • Teva Pharmaceutical Industries Ltd
  • Eisai Co Ltd
  • Ironwood Pharmaceuticals Inc
  • Boston Scientific Corporation
  • Medtronic plc
  • Endogastric Solutions Inc
  • Torax Medical
  • BD
  • Dynamed LLC
  • Mayo Clinic
  • American College of Gastroenterology
  • National Institutes of Health

Report Scope

REPORT ATTRIBUTESDETAILS
STUDY PERIOD

2020-2030

BASE YEAR

2023

FORECAST PERIOD

2024-2030

HISTORICAL PERIOD

2020-2022

UNIT

Value (USD Billion)

KEY COMPANIES PROFILED

Pfizer Inc, AstraZeneca, Teva Pharmaceutical Industries Ltd, Eisai Co Ltd, Ironwood Pharmaceuticals Inc, Boston Scientific Corporation, Medtronic plc, Endogastric Solutions Inc, Torax Medical, BD.

SEGMENTS COVERED

By Treatment Type, By Drug Class, By Distribution Channel And By Geography.

CUSTOMIZATION SCOPE

Free report customization (equivalent to up to 4 analyst working days) with purchase. Addition or alteration to country, regional & segment scope

Analyst’s Take

In conclusion, the Gastroesophageal Reflux Disease (GERD) Market is experiencing significant growth driven by factors such as increasing prevalence and awareness of GERD, changing dietary and lifestyle patterns, and the aging population. The rising incidence of obesity, hiatal hernia, and other predisposing factors is contributing to the growing burden of GERD worldwide, necessitating effective management and treatment options to alleviate symptoms and prevent complications such as esophageal strictures, Barrett’s esophagus, and esophageal adenocarcinoma. Pharmaceutical therapies such as proton pump inhibitors (PPIs), H2-receptor antagonists, and prokinetic agents are widely used for symptom relief and acid suppression in GERD patients, while lifestyle modifications, dietary changes, and weight management strategies are recommended as adjunctive measures. Moreover, advancements in minimally invasive surgical techniques, such as laparoscopic fundoplication and magnetic sphincter augmentation, offer alternative treatment options for patients with refractory GERD or those seeking long-term symptom control. However, challenges such as medication side effects, treatment resistance, and the need for long-term maintenance therapy may impact patient adherence and treatment outcomes. To address these challenges and capitalize on emerging opportunities in the GERD market, healthcare providers, pharmaceutical companies, and medical device manufacturers need to focus on patient education, personalized treatment approaches, and interdisciplinary care coordination to optimize GERD management and improve patient outcomes. Additionally, investments in research and development, clinical trials, and innovative therapies targeting novel mechanisms of action will be crucial for addressing unmet needs and driving innovation in the management of Gastroesophageal Reflux Disease.

Research Methodology of Market Research

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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