Global Digestive Remedies Market 2023: Sector is Expected to Reach $22.53 Billion by 2028 at a CAGR of 3.3% - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Digestive Remedies Market: Analysis By Type, By Formulation, By Distribution Channel, By End User, By Region Size and Trends with Impact of COVID-19 and Forecast up to 2028" report has been added to ResearchAndMarkets.com's offering.

The global digestive remedies market in 2022 stood at US$18.71 billion, and is likely to reach US$23.53 billion by 2028.

Digestive remedies are treatments or medicines that try to relieve pain or symptoms caused by digestive disorders. These remedies might include over-the-counter drugs, herbal supplements, or dietary adjustments that help the gastrointestinal tract work more effectively. They are frequently used to treat common digestive issues such as heartburn, indigestion, bloating, constipation, and diarrhea.

The increase in sedentary lifestyles and unhealthy dietary habits is contributing to the growing demand for digestive remedies in recent years. This shift has resulted in a higher incidence of digestive disorders, causing people to seek relief and improve their overall digestive health.

The growing stress levels in modern life, insufficient physical activity/obesity and natural digestive remedies have also contributed to fuel the demand for digestive remedies. Moreover, a shift towards functional foods/probiotics and the growth of the VMS category would impact digestive remedies industry. The global digestive remedies market is projected to grow at a CAGR of 3.82% during the forecast period of 2023-2028.

Companies Mentioned

• Bayer AG
• Sanofi S.A.
• Pfizer Inc.
• Abbott Laboratories
• Procter & Gamble Co.
• Reckitt Benckiser Group PLC.
• Johnson & Johnson
• Nestle S.A.
• Haleon PLC
• Sun Pharmaceutical Industries Ltd.
• Perrigo Company PLC
• Menarini Group

Market Dynamics

Growth Driver

• Rapid Urbanization
• Growth of E-commerce
• Rising Disposable Income
• Aging Population
• Prevalence of Gastrointestinal Disorders
• Increased Consumer Focus on Health

Challenges

• Counterfeit Products
• Regulatory Hurdles

Market Trends

• Increasing Penetration of Artificial Intelligence and Machine Learning
• Escalation of Internet of Things (IOT)
• Increase in Telemedicine and Digital Health Platforms
• Increasing Demand for Probiotics
• Increasing Demand for Functional Foods and Nutraceuticals
• Growing Adoption of Personalized Medicines

Key Attributes:

Market Segmentation Analysis:

• By Type: The market report has segmented the global digestive remedies market into seven segments namely, Antacids, Laxatives, Diarrheal Remedies, Proton Pump Inhibitors (PPIs), Digestive Enzymes, Motion Sickness, and Others. In 2022, the antacids segment dominated the market share as heightened stress levels, poor diets, and inactive lifestyles lead to widespread acid reflux, heartburn, and indigestion, prompting individuals to seek remedies. On the other hand, the laxatives segment is expected to be the fastest-growing segment due to its increasing prevalence of constipation, which is influenced by factors such as aging population and sedentary lifestyles, leading to a higher demand for effective treatments.
• By Formulation: Based on the formulation, the global digestive remedies market can be segmented into four segments: Capsules, Tablets, Powder, and Others. In 2022, the capsule segment dominated the market, as consumers become increasingly aware of gut health importance and prefer convenient, easily consumable solutions like capsules, fitting well with their busy lifestyles. The powder segment is expected to be the fastest-growing segment due to its versatile and convenient formulations, easily mixed with liquids or meals, appeal to a wide range of customers.
• By Distribution Channel: The global digestive remedies market can be divided into three segments based on distribution channel: Pharmacies & Drugstores, Online Providers, and Others. The Online Providers segment of the digestive remedies market is expected to be the fastest-growing due to the convenience and accessibility of online shopping. The growth of e-commerce, combined with the increasing usage of smartphones and the internet, has made it easier for customers to explore, compare, and purchase digestive remedies from the comfort of their own homes, which is likely to drive demand for online providers in the future years.
• By End User: The global digestive remedies market can be divided into two segments according to end user: Adult, and Pediatric. The adult segment holds the largest market share in 2022, as well as the fastest growing market due to the increased demand for digestive remedies due to factors such as increased stress, unhealthy dietary habits, and sedentary lifestyles. These factors can contribute to digestive issues in adults, leading to a greater need for digestive support to maintain overall gut health, especially as natural digestive enzyme production decreases with age.
• By Region: According to this report, the global digestive remedies market can be divided into five major regions: North America (The US, Mexico, and Canada), Europe (Germany, UK, France, and Rest of Europe), Asia Pacific (China, Japan, India, and Rest of Asia Pacific), Middle East & Africa, and Latin America. In 2022, North America dominated the global digestive remedies market due to the high prevalence of digestive disorders. The region has seen an increase in gastrointestinal diseases such as IBS, IBD, GERD, and constipation, due to changes in lifestyle, poor eating habits, sedentary lifestyles, and higher stress levels, along with a well-established healthcare infrastructure and strong R&D endeavors, which have fueled growth in the market.

For more information about this report visit https://www.researchandmarkets.com/r/p2opbf

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