Global Functional Dyspepsia Drug Market to reach a valuation of US$ 16.4 billion by 2034, Future Market Insights, Inc. Projection

US functional dyspepsia drug market to grow at 5.1% CAGR till 2034. Rising GI disorders, aging population drive demand. Korea is set to be the top performing market, exhibiting a CAGR of 7.0% through 2034.

NEWARK, Del., May 1, 2024 /PRNewswire/ -- The global functional dyspepsia drug market will reach a valuation of US$ 10.3 billion in 2024, attributed to factors such as increasing geriatric population. The trend is set to create new opportunities for the market, leading to a projected CAGR of 4.8% between 2024 and 2034, and reaching a total valuation of approximately US$ 16.4 billion by 2034.

Collaboration between pharmaceutical companies, academic institutions, and research organizations fosters innovation in functional dyspepsia drug development. Joint research efforts accelerate the discovery of novel therapeutic targets and the translation of scientific findings into clinical applications.

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Growing acceptance and utilization of complementary and alternative medicine approaches, such as herbal remedies, acupuncture, and mind body therapies, create opportunities for the development of natural or herbal based pharmacological treatments.

Investments in healthcare infrastructure, including the establishment of specialized gastrointestinal clinics and endoscopy centers, improve access to diagnostic services and specialist care for patients with functional dyspepsia. The infrastructure development supports the diagnosis and management of the condition, fuelling the market growth.

Harmonization of regulatory standards and the establishment of expedited approval pathways for gastrointestinal drugs across different regions streamline the drug development process.

It also facilitates market entry, encouraging investment in functional dyspepsia drug development. Research into the role of gut microbiota in gastrointestinal health has led to interest in developing drugs that modulate the microbiome to alleviate functional dyspepsia symptoms.

Probiotics, prebiotics, and fecal microbiota transplantation are areas of exploration, offering potential for novel treatment options. Advancements in regenerative medicine, including tissue engineering and stem cell therapies, offer potential for tissue repair and regeneration in gastrointestinal disorders like functional dyspepsia.

Regenerative approaches may provide long term therapeutic benefits and address underlying pathologies. Emphasis on patient reported outcomes and patient preferences in drug development processes promotes the development of drugs that align with patient needs and preferences.

Patient centric approaches enhance treatment satisfaction, adherence, and overall healthcare outcomes. The digitization of healthcare records and the widespread adoption of electronic health record systems facilitate data sharing and real time monitoring of patient outcomes.

Key Takeaways from the Market Study:

• Global functional dyspepsia drug market was valued at US$ 9.7 billion in 2023.
• From 2019 to 2023, the market demand expanded at a CAGR of 6.5%.
• The market in Korea to expand at a CAGR of 7.0% through 2034.
• By indication, the functional dyspepsia segment to account for a CAGR of 4.6% through 2034.
• The market in China will expand at a CAGR of 5.5% through 2034.
• In terms of channel, the over the counter segment to account for a CAGR of 4.4% through 2034.

"EHR integration with decision support tools enhances clinical decision making and improves the management of functional dyspepsia," opines Sabyasachi Ghosh Associate Vice President at Future Market Insights (FMI).

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Competitive Landscape:

The functional dyspepsia drug market is characterized by a diverse array of pharmaceutical companies, research institutions, and healthcare organizations striving to develop and commercialize innovative treatments for functional dyspepsia.

Company Portfolio:

• Salix Pharmaceuticals, Inc. specializes in developing and commercializing gastrointestinal therapeutics for conditions such as functional dyspepsia. The company offers a range of products targeting different aspects of gastrointestinal health, including medications for symptom relief and disease management.
• Abbott Laboratories is a diversified healthcare company with a presence in various therapeutic areas, including gastroenterology. Abbott offers medications such as proton pump inhibitors, antacids, and digestive enzyme supplements.

Report Scope:

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Segmentation Analysis of the Functional Dyspepsia Drug Market:

By Indication:

• Functional Dyspepsia
• Organic Dyspepsia

By Drug Type:

• Proton Pump Inhibitors
• H-2-Receptor Antagonists
• Antacids
• Antibiotics
• Prokinetics
• Antidepressants

By Medication:

• Branded Medicine
• Generic Medicine

By Channel:

• Over the Counter
• Prescription

By Distribution Channel:

• Retail Pharmacies
• Hospital Pharmacies
• Online Pharmacies

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia and Pacific
• East Asia
• The Middle East and Africa

Author By:

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

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SOURCE Future Market Insights