In recent years, market trends in the treatment of Irritable Bowel Syndrome (IBS) in America have changed greatly as a result of improvements in healthcare, modifications in the consumers’ preference and shifts in approach to treatment. An important development is the increasing use of personalized medicine for IBS care. Modern health care providers are personalizing drug prescriptions based on factors like genes, way of life and peculiar symptoms found among patients. This approach seeks better therapeutic results while minimizing side effects by matching interventions more closely with individual patient’s needs.
In addition, there has been a significant increase in digital health technology development and usage within the American IBS treatment market. Mobile applications, wearables, and telemedicine are emerging as remote monitoring tools for managing IBS symptoms. Such innovations provide faster access to health information at any time thus promoting collaboration between patients and health practitioners towards improving their health especially for those living with irritable bowel syndrome.
Additionally, dietary interventions/nutritional approaches have emerged as major trends influencing Americas IBS treatment market. Recognizing the interconnection between gut-brain relationship and diet effect on IBS symptoms has led to increased focus on specialized diets such as low fermentable oligosaccharides disaccharides monosaccharides polyols (FODMAP) diet. This dietary strategy is aimed at diminishing consumption of specific carbohydrates that can cause episodes of irritable bowel syndrome which has made it popular among both clinical practitioners and patients who want alternative non-pharmacological ways to handle their condition.
On the medical front line, new drugs continue to flood into America’s pharmaceutical industry with regard to treating IBS. The market has experienced new medications targeting different aspects of this condition like antispasmodics, laxatives or drugs affecting gut movement disorders have been introduced into the market so far. Therefore, this range of treatments gives physicians wider choice options when composing individualized regimens therefore leading towards improved patients’ outcomes.
Furthermore, patient education and empowerment have emerged as key trends in the treatment of IBS in America. With the long-term nature of IBS and its impacts on the quality of life, health service providers are increasingly investing in educational programs to help people understand this condition better and manage it. These programs include online materials and resources, support systems for patients, and community-building platforms that enable individuals with irritable bowel syndrome to connect, share coping mechanisms or experiences.
IBS Treatment Market Size was valued at USD 1.24 Billion in 2023. The Global IBS Treatment industry is projected to grow from USD 1.36 Billion in 2024 to USD 3.73 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 13.54% during the forecast period (2024 - 2032).
Irritable bowel syndrome (IBS) is a common disorder that affects the digestive system. IBS is characterized by symptoms such as stomach cramps, bloating, diarrhea, and constipation, which impacts one’s everyday life. Although the cause of IBS is unknown, but few factors that cause IBS are severe infection, inflammation in the intestines, muscle contractions in the intestine, changes in bacteria in the gut, and abnormalities in the nerves.
Rising prevalence of gastrointestinal diseases and disorder, geriatric population, unhealthy diet, anxiety, depression, and changing lifestyle in Americas are the key drivers of the Americas Irritable bowel syndrome (IBS) treatment market. Moreover, strong clinical pipeline and government support is fuelling the market in this region.
According to an updated report by the Anxiety and Depression Association of America, in 2017, the most common mental disorder was anxiety in the United States, affecting approximately 40 million adults over 18 years every year. Additionally, According to a report of the National Institute of Mental Health, in 2015, approximately 16.1 adults over 18 years in the United States had at least one major depressive episode in the past one year, which is 6.7% of all the U.S. adults. These number generate the huge demand for better treatment in this region.
Hence, most of the companies are more into mergers, acquisitions, and collaboration activities in order to provide better treatment procedures. In this regard, Allergan Plc. in January 2017, entered into a licensing agreement with Assembly Biosciences, Inc. for worldwide rights to Assembly's microbiome GI development programs. Also, in October 2016, Allergan Plc. announced the formation of the IBS CounSEL, group of experts dedicated to improve diagnosis and management of irritable bowel syndrome (IBS) by providing support.
These merger and acquisition help the companies to introduce quality treatment and expand the product line within the region. Companies are also focusing on research and development activities to get better approach to treat IBS. In this regard, in September 2017, Sucampo Pharmaceuticals announced that the U.S. Food and Drug Administration (FDA) has accepted the application of supplemental new drug application (sNDA) for lubiprostone (AMITIZA) in children.
Furthermore, increasing consumer awareness about irritable bowel syndrome increase the footfall of patient in clinics and hospitals. Furthermore, increasing spending in the healthcare domain fuelling the growth of the IBS treatment market. According to the Centers for Medicare & Medicaid Services, in 2015, the U.S. healthcare spending increased by 5.8% reaching USD 3.2 trillion. In 2016, healthcare spending in North America had increased to some extent.
However, strict FDA regulations and unsatisfactory effectiveness of the treatment may hinder the growth of America's Americas Irritable bowel syndrome (IBS) treatment market during the forecast period.
The Americas Irritable bowel syndrome (IBS) treatmen market is segmented on the basis of types, drugs type, and end user.
On the basis the types, irritable bowel syndrome (IBS) treatment market is segmented into IBS-D, IBS-C, IBS-M.
On the basis of the drugs type, irritable bowel syndrome (IBS) treatment market is segmented into lubiprostone, linaclotide, eluxadoline, rifaximin, alosetron, and others.
On the basis of the end users, irritable bowel syndrome (IBS) treatment market is segmented into hospitals, clinics, and research laboratories.
The Americas region is divided into North America and South America. North America command the largest market of IBS treatment owing to the well presence of health care structure, government support, various research and development programs, increasing sensitivity and specificity for diagnosing IBS, aware and concerned individual, and presence of well-developed clinical laboratories. Moreover, the presence of strong economic conditions, and the focus of research institutions on updating technology for new and advanced IBS treatment fuel the growth of the market in this region. Also, the countries in this region have multiple companies that are involved in the IBS treatment business. North America is further divided into the U.S. and Canada. Both of these countries have good economic growth and a great standard of living. According to a report published by the International Foundation for Functional Gastrointestinal Disorders, in 2016, functional gastrointestinal (GI) and motility disorders are the most common GI disorders which accounted for 1 in 4 people or more in the United States.
Some of the key players in this Americas Irritable bowel syndrome (IBS) treatment market are:
Intended Audience
© 2024 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)