China Gastrointestinal Therapeutics Market Size & Outlook
China gastrointestinal therapeutics market, 2018-2030 (US$M)
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China gastrointestinal therapeutics market highlights
- The China gastrointestinal therapeutics market generated a revenue of USD 1,619.1 million in 2022 and is expected to reach USD 2,447.4 million by 2030.
- The China market is expected to grow at a CAGR of 5.3% from 2023 to 2030.
- In terms of segment, branded was the largest revenue generating drug type in 2022.
- Generics is the most lucrative drug type segment registering the fastest growth during the forecast period.
Gastrointestinal therapeutics market data book summary
| Market revenue in 2022 | USD 1,619.1 million |
| Market revenue in 2030 | USD 2,447.4 million |
| Growth rate | 5.3% (CAGR from 2022 to 2030) |
| Largest segment | Branded |
| Fastest growing segment | Generics |
| Historical data | 2018 - 2021 |
| Base year | 2022 |
| Forecast period | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Branded, Generics |
| Key market players worldwide | AbbVie Inc, AstraZeneca PLC, Bausch Health Companies Inc, Takeda Pharmaceutical Co Ltd, Pfizer Inc, Bayer AG, Abbott Laboratories, Janssen Pharmaceuticals, Sun Pharmaceutical Industries, Cipla Ltd DR, Gilead Sciences Inc, Biogen Inc, Organon & Co Ordinary Shares |
Other key industry trends
- In terms of revenue, China accounted for 4.3% of the global gastrointestinal therapeutics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan gastrointestinal therapeutics market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,285.1 million by 2030.
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Gastrointestinal Therapeutics Market Scope
Gastrointestinal Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China gastrointestinal therapeutics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gastrointestinal therapeutics market will help companies and investors design strategic landscapes.
Branded was the largest segment with a revenue share of 62.21% in 2022. Horizon Databook has segmented the China gastrointestinal therapeutics market based on branded, generics covering the revenue growth of each sub-segment from 2018 to 2030.
China is anticipated to witness substantial market growth in the near future owing to rise in the prevalence of gastrointestinal diseases due to various socioeconomic factors, increase in R&D activities, and growing investments in healthcare industry.
In addition, increase in product approvals is also expected to fuel the market growth in the country. For instance, in January 2019, Ironwood Pharmaceuticals announced that its drug Linzess received approval from the National Medical Products Administration for the treatment of IBS in adults.
The drug was jointly developed by Ironwood and AstraZeneca, with the latter being responsible for commercialization of the drug in the country. Thus, rise in regulatory approvals of drugs can lead to rise in the options for the treatment of various IBS-related symptoms.
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Target buyers of China gastrointestinal therapeutics market databook
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Our clientele includes a mix of gastrointestinal therapeutics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China gastrointestinal therapeutics market, including forecasts for subscribers. This country databook contains high-level insights into China gastrointestinal therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China gastrointestinal therapeutics market size, by drug type, 2018-2030 (US$M)
China Gastrointestinal Therapeutics Market Share, 2022 & 2030 (US$M)
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