– Favorable reimbursement policies across many countries are estimated to drive the short bowel syndrome market during the forecast period
– High cost of parenteral nutrition will boost the demand for SBS drugs extensively, eventually increasing the growth rate of the global market
ALBANY – Transparency Market Research, New York: The growing prevalence of short bowel syndrome in different regions is likely to drive the short bowel syndrome market. The rise in the prevalence and incidence of rare diseases is estimated to fuel the growth of the global market. The presence of a sedentary lifestyle among numerous individuals has led to an increase in intestinal disorders, which further boosts the growth opportunities of the short bowel syndrome market.
Short bowel syndrome is a congenital or acquired condition affecting the small intestine. The increasing awareness about the treatment of the disease among a substantial share of the populace is projected to fuel the growth of the short bowel syndrome market.
Transparency Market Research (TMR) has conducted extensive research on various growth factors associated with the expansion of the short bowel syndrome market. The analysts at TMR project the global market for short bowel syndrome to expand at a CAGR of 15.9% during the forecast period of 2021-2031. The short bowel syndrome market is prognosticated to surpass US$ 3.66 Bn by 2031.
The COVID-19 pandemic has not affected the short bowel syndrome market much in terms of revenue. Patients with gastrointestinal issues may be more vulnerable to COVID-19 due to the angiotensin-converting enzyme 2 (ACE2) receptors in the intestine. This aspect is increasing the growth prospects of the short bowel syndrome market to a great extent as the players are increasing the availability of the products through various distribution channels such as retail pharmacies, hospital pharmacies, online, and others. Furthermore, players are collaborating with researchers to expand their study in autologus tissue engineering. The players are also increasing their output capacities in anti-secretin agents to enable the patients in reducing gastric acid in the intestine. Thus, based on all these aspects, the demand for short bowel syndrome drugs is estimated to rise.
Key Findings of Report
High Parenteral Nutrition Cost Propels Popularity of SBS Drugs
Parenteral nutrition is an essential aspect in treating most short bowel syndrome patients. The parenteral nutrition cost is high and boosts demand for short bowel syndrome drugs substantially. Thus, to reduce a patient’s dependence on parenteral nutrition during clinical trials, SBS drugs such as apraglutide are used extensively. Apraglutide has the ability to decrease the burden of parenteral nutrition through increasing intestinal absorption of calories, fluids, and nutrients. Thus, these factors are projected to invite exponential growth for the short bowel syndrome market.
Glucagon-like Peptide-2 (GLP-2) Segment to Emerge as Dominant Contributor
In this study, the GLP-2 type segment is prognosticated to observe a dominating streak through the forecast period. The heightening demand for Revestive/Gattex in Europe and the U.S., as it is the only approved drug for SBS treatment, thus boosting the growth of this segment.
Retail Pharmacies to Attract Considerable Growth in Short Bowel Syndrome Market
Of all the distribution channels, retail pharmacies are estimated to dominate the distribution channel segment. High sales of SBS drugs from retail pharmacies in developed countries, including Europe, Canada, and the U.S. is expected to offer growth opportunities to the short bowel syndrome market.
Some well-entrenched players in the short bowel syndrome market are VectivBio AG, 9 Meters Biopharma, Inc., Merck KGaA, Nutrinia Ltd., Pharmascience, Inc., Zealand Pharma A/S, Takeda Pharmaceutical Company Limited, Pharmascience, Inc., Hanmi Pharm.Co., Ltd. and OxThera.
Global Short Bowel Syndrome Market – Segmentation
- Glucagon-like Peptide-2 (GLP2)
- Growth Hormone
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Sales
- North America
- Rest of the World
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