Short Bowel Syndrome Market to Grow with a CAGR of 6.24% through 2028
Increasing incidence of short
bowel syndrome and rising investment in research and development are factors
driving the global Short Bowel Syndrome market in the forecast period 2024-2028.
According to TechSci Research report, “Short Bowel
Syndrome Market – Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2028”, the Global Short Bowel Syndrome Market
stood at USD 805.11 million in 2022 and is anticipated to grow with a CAGR of 6.24%
in the forecast period, 2024-2028. Short Bowel Syndrome (SBS) is a rare and complex
gastrointestinal disorder characterized by the inadequate absorption of
essential nutrients due to the surgical removal of a significant portion of the
small intestine. The Global Short Bowel Syndrome Market has witnessed
significant growth in recent years, driven by various factors. One of the primary drivers
of the Global SBS Market is the increasing incidence of Short Bowel Syndrome.
This condition often results from surgical interventions for conditions such as
Crohn's disease, intestinal volvulus, or trauma. The rising prevalence of these
underlying diseases has contributed to a higher incidence of SBS, thus driving
the demand for SBS treatments and therapies.
Browse over XX market data Figures spread
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Bowel Syndrome Market.”
Pharmaceutical companies and research
institutions have recognized the unmet medical needs of SBS patients, leading
to increased investments in research and development. These investments have
resulted in the development of new therapies and treatment options, including
medications designed to improve intestinal adaptation and reduce dependency on
parenteral nutrition.
Increased awareness of Short Bowel
Syndrome among healthcare professionals and the general population has led to
improved diagnosis rates. As healthcare providers become more familiar with
SBS, they are better equipped to identify and manage the condition, thereby
increasing the demand for SBS-related products and therapies.
Patients with Short Bowel Syndrome often
require enteral and parenteral nutrition support to meet their nutritional
needs. The expansion of these markets, along with the development of
specialized nutritional products, has been a significant driver of the SBS
market. Companies offering enteral and parenteral nutrition solutions have seen
increased demand for their products.
The Global Short Bowel Syndrome Market is segmented Drug
Class, Distribution Channel and company.
Based on Distribution Channel, the Hospital Pharmacies segment has
emerged as the predominant market leader.
Hospital
pharmacists play a vital role in educating SBS patients about their
medications, nutritional requirements, and disease management. This
patient-centric approach enhances treatment adherence and fosters better
outcomes. Hospital
pharmacies collaborate closely with physicians, dietitians, and other
healthcare providers to develop comprehensive treatment plans for SBS patients.
This multidisciplinary approach ensures that patients receive holistic care.
Based on region, North America segment is expected to
grow during the forecast period. SBS patients in North America
benefit from a robust network of patient advocacy groups and support
organizations. These groups work tirelessly to raise awareness about the
condition, provide resources to patients and caregivers, and advocate for
improved access to treatment options. Their efforts have helped create a more
favorable environment for SBS research and development. North America's healthcare market is characterized by
its vast reach and accessibility. SBS patients in the region have access to a
wide range of healthcare providers and treatment options. This accessibility,
combined with the region's insurance coverage and reimbursement policies,
ensures that SBS patients can access the latest treatments without financial
barriers.
The Asia Pacific region is experiencing rapid market
growth.The region’s healthcare ecosystem
promotes collaboration among stakeholders. Pharmaceutical companies, research
institutions, healthcare providers, and patient advocacy groups frequently
collaborate on SBS-related initiatives. This collaborative approach accelerates
the pace of research, development, and treatment innovation.
Major companies operating in Global Short Bowel
Syndrome Market are:
- 9 Meters Biopharma, Inc.
- Wellspect Healthcare
- Emmaus Life Sciences, Inc.
- Merck KGaA
- Nestle S.A.
- Novartis International AG
- OPKO Health, Inc.
- Oxthera AB
- Pfizer Inc.
- PhaseBio Pharmaceuticals Inc.
- Sancilio and Company, Inc.
- Swedish Orphan Biovitrum AB
- Takeda Pharmaceutical Company Limited
- Teva Pharmaceutical Industries Ltd
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“The Global Short Bowel Syndrome Market is
experiencing notable growth due to a combination of factors, including the
increasing incidence of SBS, advances in medical technology, growing awareness
and diagnosis rates, rising investments in research and development, regulatory
support, patient advocacy, and the expansion of enteral and parenteral
nutrition markets.,” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based management consulting firm.
“Short Bowel Syndrome Market By Drug
Class ( GLP-2, Glutamine, and Growth Hormone), By Distribution Channel
(Hospital Pharmacies, Online Sales, and Retail Pharmacies), By Region, By Competition Forecast &
Opportunities, 2018-2028F”, has evaluated the future growth potential of Global
Short Bowel Syndrome Market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Short
Bowel Syndrome Market.
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