Number of pages: 100 | Report Format: PDF | Published date: February 21, 2023
Historical Years – 2020 | Base Year – 2021 | Forecasted Years – 2022-2030
Report Attribute |
Details |
Market Size Value in 2021 |
US$ 730.34 million |
Revenue Forecast in 2030 |
US$ 2,366.34 million |
CAGR |
13.9% |
Base year for estimation |
2021 |
Forecast Period |
2022-2030 |
Historical Year |
2020 |
Segments Covered |
Drug Class, Distribution Channel, and Region |
Regional Scope |
North America, Europe, Asia Pacific, and the Rest of the World (RoW) |
According to the deep-dive market assessment study by Growth Plus Reports, the global short bowel syndrome market was valued at US$ 730.34 million in 2021 and is expected to register a revenue CAGR of 13.9% to reach US$ 2,366.34 million by 2030.
Short Bowel Syndrome Market Fundamentals
Short bowel syndrome (SBS) is a rare intestinal condition affecting the small intestine and is characterized by malabsorption of nutrients and chronic diarrhea. SBS is a congenital or acquired disorder that can be seen in patients who have had nearly half of their small intestine removed owing to an underlying medical condition. Damaged intestinal tissue, blockage or obstruction in the intestine, gastroschisis, and rotation of the midgut, commonly known as malrotation, are the main causes of small bowel syndrome in children and adults. Crohn’s disease, radiation enteritis, and mesenteric ischemia may result in SBS. This syndrome is most commonly seen following the surgical removal of a large part of the small intestine.
Advancements in diagnostic techniques and medical imaging have led to improvements in the diagnosis rates in SBS patients. Regimen such as intestinal rehabilitation, which aims at maximizing the function of the remaining intestine after surgery, is gaining huge popularity among patients and caregivers alike. Another key trend observed in this market is the advent of stem cell therapy and tissue engineering, along with growth factors, offering new treatment avenues to SBS patients. There is also a growing focus of patients and caregivers on optimum nutrition management. Nutritional management is a crucial aspect of SBS treatment, and there is a growing focus on personalized nutrition plans to meet individual patient needs. The growing number of patient advocacy and support groups is resulting in initiatives to improve patients’ quality of life and education. Furthermore, government bodies in several countries are also offering lucrative incentives for the development of novel treatments for SBS, thus augmenting the market revenue growth. To sum up, the overall trends in the global short bowel syndrome market aim to improve patient treatment outcomes, reduce the need for surgical interventions, and optimize nutrition management and nutrient absorption in patients.
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Short Bowel Syndrome Market Dynamics
Short bowel disease management is improving as knowledge and epidemiological data become more widely available. Furthermore, tremendous advancements in the realm of healthcare have raised awareness of small bowel syndrome, creating opportunities. Along with this, non-profit organizations are fostering research and development in the field of SBS through collaborative scientific study between the public and private sectors. Additionally, State governments, in collaboration with non-profit organizations, offer unique incentives to manufacturers to develop SBS medications. Partnerships between the public and commercial sectors are driving pharmaceutical companies to explore new medications for SBS.
Short Bowel Syndrome Market Ecosystem
The global short bowel syndrome market has been analyzed from three perspectives: drug class, distribution channel, and region.
Short Bowel Syndrome Market by Drug Class
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Based on drug class, the global short bowel syndrome market has been segmented into glucagon-like peptide-2 [GLP2], growth hormone, glutamine, and others.
During the forecast period, the glucagon-like peptide-2 [GLP-2] segment is predicted to dominate the short bowel syndrome market. Gattex/revestive is the only GLP-2 analog in the market for the treatment of SBS. The substantial expansion of this segment can be linked to an increase in Gattex therapy prescriptions, a rise in the number of patients on Gattex therapy, and the high cost of the drug. This medication is commercially available in North America and a few European nations, including the United Kingdom, Germany, France, Italy, Spain, and the Nordics.
Short Bowel Syndrome Market by Distribution Channel
Based on distribution channel, the global short bowel syndrome market has been segmented into hospital pharmacies, retail pharmacies, and others.
The hospital pharmacies segment accounts for the largest market revenue share due to the rapid deployment of therapy and a large patient footfall. Furthermore, greater patient preference towards hospitals and the availability of better reimbursement policies facilitate the dominant position of the segment in the global short bowel syndrome market.
Short Bowel Syndrome Market by Region
Based on region, the global short bowel syndrome market has been segmented into North America, Europe, Asia Pacific, and the Rest of the World.
North America dominates the short bowel syndrome market and is projected to continue to do so during the forecast period. The rapid expansion of the short bowel syndrome market in North America can be attributable mainly to a rise in Gattex treatment prescriptions in the United States. Furthermore, growth hormones and glutamine have been licensed for the treatment of SBS only in the United States.
Short Bowel Syndrome Market Competitive Landscape
The prominent players in the global short bowel syndrome market include:
Short Bowel Syndrome Market Strategic Developments
Asia Pacific is the key revenue growth region in the global short bowel syndrome market.
The rise in the prevalence of SBS, awareness programs by non-profit organizations, and increasing efforts in the launch of effective treatments and awareness programs by non-profit organizations are propelling revenue growth in the global market.
Takeda Pharmaceuticals U.S.A., EMD Serono, Inc., Emmaus Medical, Inc, Sun Pharmaceuticals Industries Ltd., and Merck KGaA are among the top market players.
The global short bowel syndrome market is expected to be valued at US$ 2.36 billion by 2030.
The global short bowel syndrome market is expected to register growth at a revenue CAGR of 13.9% during the forecast period from 2022 to 2030.
*Insights on financial performance is subject to availability of information in public domain