Global Oral Biologics Market- Regional Analysis
Among regions, North America is estimated to hold a dominant position in the global oral biologics market over the forecast period. North America is estimated to hold 40.0% of the market share in 2023. The global oral biologics market is expected to witness significant growth in the coming years, driven by the high prevalence of Irritable Bowel Syndrome, favorable health reimbursement, and increased awareness. The increasing prevalence of irritable bowel syndrome (IBS) is contributing to the growth of the surgical equipment market in the North America region. For instance, according to the American College of Gastroenterology, 2020, about 10% to 15% of people in the U.S. suffer from IBS symptoms annually.
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