Diabetic Gastroparesis Treatment Market: Introduction
• Diabetes could trigger a number of medical conditions in humans; gastroparesis is one such condition of the stomach. Diabetic gastroparesis is characterized by loss of the digestive tract’s ability to ingest food within the desired amount of time. This leads to food staying in the stomach for longer durations than normal, which results in vomiting and nausea. Increase in incidence of diabetes boosts the growth of the global diabetic gastroparesis treatment market. Moreover, presence of a seamless health care industry that focuses on swift treatment and diagnosis has fueled market growth. Diabetic gastroparesis can affect the quality of life of a patient. Hence, medical practitioners have shown a sense of seriousness in treating such disorders. Furthermore, the presence of dieticians and professionals who can advise diabetics on proper food consumption patterns boosts the growth of the global diabetic gastroparesis treatment market.
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• The global diabetic gastroparesis treatment market can be segmented based on treatment type, disease indication, distribution channel, and region. These segments are important from the perspective of getting a holistic view of the global diabetic gastroparesis treatment market.
• A report published by Transparency Market Research (TMR) on the global diabetic gastroparesis treatment market provides the major drivers of the market. Presence of a robust mechanism for treatment of diseases and disorders related to diabetes has propelled the global market. This factor coupled with a number of other drivers have been discussed in the report. A section on the geographical trends prevailing in the global diabetic gastroparesis treatment market has also been included in the report.
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Key Drivers, Restraints, and Opportunities of Global Diabetic Gastroparesis Treatment Market
• Demand for diabetic gastroparesis treatments has increased in the last decade. This is attributed to high-unmet needs within the field of diabetic treatment and diagnostics. Moreover, increase in incidence of type-I and type-II diabetes has fueled the growth of the global diabetic gastroparesis treatment market. Increase in demand for minimally invasive treatments and surgeries for diabetes gastroparesis presents significant opportunities in the global market. Development of new drug lines for treatment of diabetic gastroparesis is likely to augment the market in terms of revenue in the next few years.
• The global diabetic gastroparesis treatment market grew at a rapid pace in the past few years. Favorable reimbursement policies for diabetics has driven the global diabetic gastroparesis treatment market. Moreover, diabetic gastroparesis has evident symptoms such as nausea and vomiting, which eases diagnosis. Hence, the global diabetic gastroparesis treatment market is anticipated to expand at a high CAGR during the forecast period.
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North America to Capture Major Share of Global Diabetic Gastroparesis Treatment Market
• In terms of region, the global diabetic gastroparesis market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The diabetic gastroparesis market in North America is driven by advancements in diabetic care in the U.S.
• The market in Asia Pacific is expected to expand at the highest CAGR during the forecast period. Rise in prevalence of diabetes in countries in Asia Pacific is likely to boost the growth of the diabetic gastroparesis treatment market in the region.
Key Players Operating in Global Diabetic Gastroparesis Treatment Market
The global diabetic gastroparesis treatment market is highly consolidated due to the presence of small number of key players. These players hold a major share in their respective regions. Major players operating in the global diabetic gastroparesis treatment market include:
• Abbott Laboratories
• Alfa Wassermann SPA
• Boston Scientific Corporation
• C. R. Bard, Inc.
• Cardinal Health, Inc.
• Evoke Pharma
• Halyard Health, Inc.
• Janssen Global Services, LLC
• Kimberly-Clark Corporation
• Medtronic
• Rhythm Pharmaceuticals, Inc.
• Salix Pharmaceuticals, Inc.
• Other prominent players