
Report ID: SQMIG35I2378
Skyquest Technology's expert advisors have carried out comprehensive research and identified these companies as industry leaders in the Gastroparesis Drugs Market. This Analysis is based on comprehensive primary and secondary research on the corporate strategies, financial and operational performance, product portfolio, market share and brand analysis of all the leading Gastroparesis Drugs industry players.
The competitive landscape of the global gastroparesis drugs industry in 2024 is characterized by ongoing advancements in drug development, strategic collaborations, and an increasing focus on patient-centered treatments. Key players in the market, such as AbbVie, Boston Scientific, and Takeda Pharmaceuticals, are actively involved in the research and development of new therapies.
As per market strategies, in 2024, AbbVie continued to expand its portfolio through strategic partnerships, focusing on innovative treatments for gastrointestinal disorders, including gastroparesis. For instance, the company recently entered a collaboration with a biotech firm to develop novel prokinetic agents aimed at improving gastric motility in gastroparesis patients.
The gastroparesis drugs market has seen significant innovation and development, especially with the emergence of several startups focused on addressing the unmet needs of patients suffering from delayed gastric emptying. These startups, founded after 2018, are leveraging cutting-edge biotechnology to develop novel treatments that target the underlying causes of gastroparesis. Their approach includes advancing both prokinetic agents and alternative therapies that improve gastric motility, with a particular focus on oral formulations that enhance patient compliance.
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Global Gastroparesis Drugs Market size was valued at USD 4.6 Billion in 2023 and is poised to grow from USD 4.81 Billion in 2024 to USD 6.9 Billion by 2032, growing at a CAGR of 4.6% in the forecast period (2025-2032).
The competitive landscape of the global gastroparesis drugs industry in 2024 is characterized by ongoing advancements in drug development, strategic collaborations, and an increasing focus on patient-centered treatments. Key players in the market, such as AbbVie, Boston Scientific, and Takeda Pharmaceuticals, are actively involved in the research and development of new therapies. 'AbbVie', 'Evoke Pharma', 'Vanda Pharmaceuticals', 'Renexxion Ireland Limited', 'Celerion', 'AstraZeneca', 'GSK (GlaxoSmithKline)', 'Ironwood Pharmaceuticals', 'Takeda Pharmaceutical', 'UCB Pharma', 'Valeant Pharmaceuticals', 'Progenics Pharmaceuticals', 'Meda AB (Acquired by Mylan)', 'Synergy Pharmaceuticals (Acquired by Bausch Health)', 'Mallinckrodt Pharmaceuticals'
A key driver for the market is the rising incidence of diabetes, which is closely linked to gastroparesis. As more individuals develop Type 1 and Type 2 diabetes globally, complications like diabetic gastroparesis are becoming more common, necessitating medical intervention. In January 2024, the International Diabetes Federation reported a noticeable uptick in global diabetic cases, especially in Asia and North America, pushing pharmaceutical companies like Evoke Pharma to ramp up production of drugs like Gimoti, targeting diabetic gastroparesis.
AI-Powered Drug Discovery and Trial Design: Artificial intelligence is becoming an integral part of pharmaceutical R&D, especially for complex disorders like gastroparesis, which lack a one-size-fits-all treatment. AI helps in identifying molecular targets, simulating drug interactions, and optimizing clinical trial protocols. In March 2024, Quris-AI collaborated with NeuroGasTx to streamline its gastroparesis clinical trial strategy using AI-powered patient simulation models. This reduced trial costs and increased enrollment efficiency by 25%, improving speed-to-market for their new neuromodulating drug.
What is Driving the Growth of the Gastroparesis Drugs Market in North America?
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Report ID: SQMIG35I2378
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