GASTRITIS TREATMENT MARKET ANALYSIS

Gastritis Treatment MarketSize and Trends

Gastritis Treatment Market Taxonomy

On the basis of drug class, the global gastritis treatment market is classified into:

• Acid blocking medicines
• Antibiotics
• Antacids
• Acid reducing medicines
• Others

On the basis of end user, the global gastritis treatment market is classified into:

• Government
• Hospitals
• Medical Practitioners
• Others

Gastritis has been broadly categorized into three segments – acute gastritis (caused by NSAIDs and high alcohol consumption), chronic gastritis (variety of complication in the gastric tissues), and erosion of metalapsia or atrophic gastritis. Chronic gastritis is the most prevalent form of gastritis. Hence, the treatment of chronic gastritis will be the most promising market opportunity in the coming years.

Increasing prevalence of chronic gastritis, especially in the geriatric population offers promising growth for gastritis treatment market

There has been an increasing prevalence of gastritis, especially in the geriatric people around the globe. According to a report by National Center for Biotechnology Information, there were about 90 million new cases of gastritis in 2013. Gastritis and deodenitis (inflammation of the duodenum) caused about 60,000 deaths in 2013. As life expectancy has been increasing, the geriatric population of the globe is also on the rise. According to the same report, the prevalence of gastritis increase with age. Therefore, the demand for gastritis treatment will increase at a steady rate over the forecast period.

North America accounts for the maximum share of the market in the present scenario. Increasing prevalence of gastritis due to high alcohol consumption and unhealthy lifestyle and food habits are some of the reasons for the region’s dominance. However, Asia Pacific is expected to offer a lucrative market for the growth of the gastritis treatment market. The incidences of H pylori infection are high in Asia Pacific and other developing countries. Additionally, the prevalence of gastric adenocarcinomas and multifocal atrophic gastritis is high in these regions. Increase in geriatric population, better awareness about healthcare, and increased health care spending are some of the reasons that will fuel the growth of the gastritis treatment market in this region. Moreover, high occurrence of viral diseases, and autoimmune diseases, and lack of awareness about contagious diseases will propel the growth of the market.

Market Trends

The gastritis treatment market is highly fragmented in nature. Many companies are investing heavily in their research and development activities to come up with different treatments of the disease. Companies operating in the gastritis treatment market in the current scenario are Otsuka Indonesia PT, AstraZeneca PLC, Zydus Cadila Healthcare Limited, Novartis AG, and others.