Irritable Bowel Syndrome Treatment Market

Growing incidence of irritable bowel syndrome and related diseases to drive market growth

Irritable bowel syndrome (IBS) is a common chronic gastrointestinal condition that causes bowel irregularities and abdominal pain. The condition is also called spastic colitis, irritable colitis, mucous colitis, and irritable colon. Abdominal pain, constipation, diarrhea, and cramping are all symptoms of irritable bowel syndrome. Irritable bowel syndrome prevalence is increasing significantly across all regional health systems. According to data published by the International Foundation for Gastrointestinal Disorders, approximately 40% of all IBS patients have mild IBS, approximately 35% have moderate IBS, and approximately 25% have severe IBS. Many people are unaware of IBS symptoms.

The efficient management of irritable bowel syndrome has increased the use of different medical drug types, such as anti-diarrheal drugs and alosetron, as metrics for irritable bowel syndrome treatment other than traditional therapeutic means. It has consequently led to higher irritable bowel syndrome treatment market CAGR growth. Food allergies, early gastroenteritis, sporadic colon movements, abnormal serotonin composition in the colon, and mild celiac disease are all risk factors for IBS. These factors are expected to accelerate the prevalence of IBS.

For example, according to a report conducted on NCBI in 2019, IBS is predicted to affect 10% to 16% of the US population each year. The staggering prevalence of IBS is anticipated to propel the irritable bowel syndrome treatment market revenue over the projected timeline.

The increasing prevalence of Irritable Bowel Syndrome (IBS) globally is a primary driver for the Global Irritable Bowel Syndrome Treatment Market Industry. It is estimated that around 10 to 15 percent of the global population suffers from IBS, leading to a heightened demand for effective treatment options. This growing patient population is expected to contribute significantly to the market, with the industry projected to reach 2.1 USD Billion in 2024. As awareness of IBS continues to rise, healthcare providers are more likely to seek innovative therapies, further propelling market growth.

An increase in global healthcare expenditure is facilitating growth in the Global Irritable Bowel Syndrome Treatment Market Industry. As countries allocate more resources to healthcare, patients gain better access to diagnostic tools and treatment options for IBS. This trend is particularly evident in developed nations, where healthcare systems are increasingly prioritizing gastrointestinal disorders. The financial commitment to healthcare is likely to enhance the availability of IBS treatments, thus supporting market growth as more patients seek effective management solutions.

Innovations in treatment methodologies are shaping the Global Irritable Bowel Syndrome Treatment Market Industry. Recent developments in pharmacological therapies, including the introduction of new medications specifically targeting IBS symptoms, are enhancing patient outcomes. For instance, the approval of novel agents that address both constipation and diarrhea subtypes of IBS has expanded the therapeutic landscape. This evolution in treatment options is likely to attract more patients seeking relief, thereby driving the market's growth trajectory towards an anticipated valuation of 4.95 USD Billion by 2035.

The growing awareness surrounding IBS and its symptoms is significantly influencing the Global Irritable Bowel Syndrome Treatment Market Industry. Enhanced educational initiatives by healthcare organizations are leading to improved diagnosis rates. As more individuals recognize their symptoms and seek medical advice, the demand for IBS treatments is expected to rise. This trend is likely to contribute to a compound annual growth rate (CAGR) of 8.11% from 2025 to 2035, reflecting a robust market expansion as more patients are diagnosed and treated effectively.

The shift towards personalized medicine is transforming the Global Irritable Bowel Syndrome Treatment Market Industry. Tailored treatment approaches that consider individual patient profiles are becoming more prevalent, leading to improved therapeutic outcomes. This trend is driven by advancements in genetic research and a deeper understanding of IBS pathophysiology. As healthcare providers adopt personalized strategies, the market is expected to benefit from increased patient satisfaction and adherence to treatment regimens, ultimately contributing to the overall growth of the industry.

By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World. The North American Irritable Bowel Syndrome Treatment market was worth USD 0.82 billion in 2022 and is projected to grow at a significant CAGR over the study period due to the existence of key market players, growing prevalence of chronic constipation, well-established healthcare systems, increased patient awareness, and a strong presence of novel products. Additionally, the United States dominates the market in North America due to various factors, including many companies presence that produces constipation drugs.

Moreover, several market participants are launching new irritable bowel syndrome treatment products, contributing to the region's growth. For instance, IBSRELA (tenapanor), a first-in-class therapy for treating adults with irritable bowel syndrome with constipation (IBS-C), was made commercially available in Canada by Knight Therapeutics Inc in March 2021. Under a license agreement with Ardelyx Inc, the company has the exclusive right to commercialize IBSRELA in Canada.

Further, the major countries studied in the market report are the U.S., Germany, Canada, France, the UK, Spain, Italy, Japan, India, Australia, China, South Korea, and Brazil.

Figure 2: IRRITABLE BOWEL SYNDROME TREATMENT MARKET SHARE BY REGION 2022 (%)

Source: Primary Research, Secondary Research, Market Research Future Database, and Analyst Review

The European irritable bowel syndrome treatment market holds the second-largest market share due to a sizable target population and the increasing commercialization of IBS products in the region. Increasing regional efforts to spread awareness of the condition will also accelerate market expansion. Numerous businesses produce products for irritable bowel syndrome. Additionally, the regional businesses promote awareness of the signs, causes, signs, and treatments of irritable bowel syndrome. The International Foundation for Gastrointestinal Disorders estimates that between 2.4 and 3.5 million people in the United Kingdom seek treatment for irritable bowel syndrome each year.

Further, the German irritable bowel syndrome treatment market held the largest market share, and the UK irritable bowel syndrome treatment market was the fastest-growing market in the European region.

The Asia-Pacific Irritable Bowel Syndrome Treatment Market is expected to grow at the fastest CAGR from 2022 to 2030. Asia-Pacific offers lucrative opportunities for key players in the irritable bowel syndrome treatment market, with rising awareness of irritable bowel syndrome treatment and increased adoption of irritable bowel syndrome treatment products. Moreover, advancements in healthcare infrastructure, an increase in the number of health facilities equipped with advanced medical centers, a growing R&D sector, an increase in healthcare reforms, and technological developments in the healthcare field all contribute to market growth.

Other factors expected to drive the growth of the Asia-Pacific irritable bowel syndrome treatment market include the increased focus of leading manufacturers on broadening their geographical reach in emerging regional countries to grab high growth opportunities within the market, a large population base, and rising disposable incomes. Furthermore, China’s irritable bowel syndrome treatment market held the largest market share, and the Indian irritable bowel syndrome treatment market was the fastest-growing market in the Asia-Pacific region.

The irritable bowel syndrome treatment industry has recently delivered prescription medication with some of the most substantial advantages. The irritable bowel syndrome treatment market’s major players, such as Allergan Inc, Synergy Pharmaceuticals, Ardelyx, Abbott, and others, are working to increase industry demand by investing in IBS drug research and development activities. Competing companies in the irritable bowel syndrome treatment industry must offer drugs to expand and sustain in a highly competitive and rising competitive landscape.

With significant market developments like introducing new products, contractual arrangements, mergers & acquisitions, increased drug R&D investments, and collaborative projects with other organizations, market players are also undertaking various strategic initiatives to expand their footprint. Manufacturing drugs domestically to cut operating costs is one of the leading business strategies manufacturers use in the irritable bowel syndrome treatment industry to benefit customers and expand the marketplace.

Ferring Pharmaceuticals is a multinational biopharmaceutical company headquartered in Switzerland specializing in reproductive health, maternal health, gastroenterology, and urology. The business develops and sells medications for bedwetting, prostate cancer treatment, irritable bowel syndrome treatment, nycturia, safe delivery, and gastrointestinal and growth disorders. Ferring B.V., a biopharmaceutical company, announced in June 2022 that it had signed a strategic partnership with I-MAB Biopharma Co., Ltd, an innovation-driven biopharmaceutical company, to develop further olamkicept, a selective interleukin-6 (IL-6) trans-signaling antagonist for inflammatory bowel disease (IBD) and related inflammatory conditions.

Also, Bausch Health Companies Inc is a multinational specialty pharmaceutical corporation headquartered in Laval, Quebec. It creates, produces, and sells branded generic medications and pharmaceutical products, primarily for eye health, neurology, gastrointestinal disorders, irritable bowel syndrome treatment, and skin conditions. Bausch Health Companies Inc introduced GastroHub for advanced practice providers in March 2021. It is a website for nurse practitioners and medical assistants that provides information on treating IBS-D and HE.