Market Highlights
Gastrointestinal disorders cover a wide range of diseases. According to the WHO, approximately 6% of the total European population is suffering from GI disorders. Beside common diseases such as rumination syndrome, diarrhea, and chronic diseases such as celiac disease, diverticulitis, and irritable bowel syndrome help in contributing a huge share of the GI drug market. Factors such as increasing investments in research activities and growing population are responsible for the growth of the market in this region. Besides, this unhygienic food and improper diet are responsible for causing many GI disorders. Incorrect self-diagnosis and introduction of many misbranded and spurious drugs in the market are likely to be responsible for hampering the rumination syndrome market growth during the forecast period.
Segmentation
The global Rumination Syndrome Market Report is segmented by diagnosis, treatment, and end-user. The diagnosis segment is further sub-segmented into esophagogastroduodenoscopy, gastric emptying, and others. Furthermore, on the basis of treatment, the market is segmented into behavior therapy and medication. The medication segment has been sub-segmented into proton pump inhibitors and others. Proton pump inhibitors are sub-segmented into esomeprazole, omeprazole, pantoprazole, lansoprazole, dexlansoprazole, rabeprazole, and others. Based on end-user, the market is segmented into gastroenterology clinics, hospitals, research centers, and others.
Based on region the market is segmented into Americas, Europe, Asia Pacific, and the Middle East and Africa. The American rumination syndrome market is segmented into two regions, namely, North America and South America. North America is further segmented into the U.S. and Canada. The European region includes both Eastern and Western European countries which are involved in the deployment of the rumination syndrome. Countries that are majorly involved in the rumination syndrome market are the U.K., France, Germany, Spain, and Italy, among others.
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Regional Analysis
The Americas dominates the global rumination syndrome market owing to increasing expenditure in healthcare and presence of a well-developed healthcare sector within the region. Moreover, growing geriatric population and presence of key players within regional boundaries provide a favorable background for the market growth.
Europe is the second largest in the global rumination syndrome market. Factors such as the increasing availability of funds for research and a huge patient population followed by a well-developed healthcare sector drives the market within the region.
The Asia Pacific region is estimated to be growing at a fast pace during the forecast period. This can be attributed to the presence of developing economies such as India and China and also to the increasing patient population. Moreover, the increasing healthcare expenditure and a rapidly developing healthcare sector boost the market growth within the region.
On the other hand, the Middle East and Africa has the least share in the global rumination syndrome market due to low per capita healthcare expenditure and stringent government policies, especially within the Africa region. It is estimated that the Middle East holds a majority of the market within the Middle Eastern and African region.
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Key Players
Some of the key players in this market are Pfizer Inc., Valent Pharmaceuticals, Medtronic, Astra Zeneca, Eisai Co. Ltd., Takeda Pharmaceuticals, Allergan Plc, Novo Nordisk A/S, Johnson & Johnson, Bayer AG, Otsuka Pharmaceutical Co. Ltd, and others.
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