Spain Gastrointestinal Drugs Market Analysis

Spain Gastrointestinal Drugs Market Analysis


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Spain Gastrointestinal Drugs Market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. The rising prevalence of gastrointestinal problems, caused by factors such as changing lifestyles, dietary habits, and an ageing population, is one of the main drivers for gastrointestinal medications. Technological advances in drug research and targeted medicines, which provide more effective treatment alternatives, also contribute to market growth. Furthermore, as people become more aware of and diagnose gastrointestinal diseases, the need for medications to treat these conditions grows. Pfizer Inc., Johnson & Johnson, AbbVie Inc., Takeda Pharmaceutical Company Limited, AstraZeneca PLC, GlaxoSmithKline plc, Bristol Myers Squibb Company, Eli Lilly and Company, Merck & Co., Inc., and Allergan plc are among the major global competitors in the gastrointestinal drugs market.

ID: IN10ESPH283 CATEGORY: Pharmaceuticals GEOGRAPHY: Spain AUTHOR: Aneri Parekh

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Spain Gastrointestinal Drugs Market Analysis Summary

Spain Gastrointestinal Drugs Market is valued at around $1021.4 Mn in 2022 and is projected to reach $1430.4 Mn by 2030, exhibiting a CAGR of 4.3% during the forecast period 2023-2030.

In the general population, the point prevalence of having a digestive ailment was 24%. The increasing prevalence of gastrointestinal problems, caused by factors such as changing lifestyles, dietary habits, and an aging population, is one of the main drivers for gastrointestinal medications. Technological improvements in drug research and targeted therapies also help market expansion by giving more effective treatment alternatives. Furthermore, the increased knowledge and diagnosis of gastrointestinal problems fuels the market for medications to treat these ailments. Pfizer Inc., Johnson & Johnson, AbbVie Inc., Takeda Pharmaceutical Company Limited, AstraZeneca PLC, GlaxoSmithKline plc, Bristol Myers Squibb Company, Eli Lilly and Company, Merck & Co., Inc., and Allergan plc are among the major global competitors in the gastrointestinal drugs market.

Market Dynamics

Market Growth Drivers

  1. Increasing Prevalence of Gastrointestinal Disorders: The rising incidence and prevalence of gastrointestinal disorders, such as GERD, peptic ulcers, IBD, and IBS, are driving the demand for gastrointestinal drugs
  2. Growing Aging Population: The aging population is more prone to gastrointestinal disorders, contributing to the increased demand for medications to manage these conditions
  3. Changing Lifestyle and Dietary Habits: Unhealthy lifestyle choices, including poor diet, sedentary lifestyle, and high-stress levels, are leading to a higher occurrence of gastrointestinal disorders, creating a need for effective drugs
  4. Technological Advancements: Advancements in pharmaceutical research and development have led to the introduction of innovative and targeted therapies for gastrointestinal disorders, driving market growth

Market Restraints

  1. Side Effects and Safety Concerns: Gastrointestinal drugs may be associated with potential side effects and safety concerns. Adverse reactions and long-term effects can limit their use and affect patient compliance
  2. Generic Competition: Loss of patent exclusivity for certain branded gastrointestinal drugs leads to increased competition from generic versions, impacting market growth for original manufacturers
  3. Stringent Regulatory Environment: Strict regulations and requirements for drug approval can prolong the time and cost associated with bringing new gastrointestinal drugs to market, impeding market growth
  4. Preference for Non-pharmacological Approaches: Some patients and healthcare providers prefer non-pharmacological approaches, such as lifestyle modifications and dietary changes, which may reduce the reliance on medications and limit market growth

Competitive Landscape

Key Players

  • Pfizer Inc.
  • Johnson & Johnson
  • AbbVie Inc.
  • Takeda Pharmaceutical Company Limited
  • AstraZeneca PLC
  • GlaxoSmithKline plc
  • Bristol Myers Squibb Company
  • Eli Lilly and Company
  • Merck & Co., Inc.
  • Allergan plc.

1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Spain Gastrointestinal Drugs Market Segmentation

By Drug Class

  • Proton Pump Inhibitors (PPIs)
  • H2 Receptor Antagonists (H2RAs)
  • Antacids
  • Antiemetics
  • Prokinetics
  • Antidiarrheals
  • Laxatives
  • Antispasmodics
  • Others

By Route of Administration

  • Oral
  • Parenteral
  • Rectal

By Indication

  • Gastroesophageal Reflux Disease (GERD)
  • Peptic Ulcers
  • Inflammatory Bowel Disease (IBD)
  • Gastroenteritis
  • Irritable Bowel Syndrome (IBS)
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

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The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
  • ​Analyzing current needs and determining penetration to estimate the market

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 27 February 2024
Updated by: Shivam Zalke

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