Rising research and development proficiencies in the healthcare sector coupled with large pipeline of new drugs and therapies by the pharmaceutical companies has fuelled up the demand for exocrine pancreatic insufficiency (EPI) therapeutics and diagnostics. Data Bridge Market Research analyses that the exocrine pancreatic insufficiency (EPI) therapeutics and diagnostics market will exhibit a CAGR of around 7.05% for the forecast period of 2021-2028.
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Exocrine pancreatic insufficiency (EPI) is a state when the pancreas becomes incapable of releasing the required digestive enzymes and as a result, the body doesn’t receive complete nutrition. It is a condition of deficiency of exocrine enzymes resulting in affecting the digestive system and its functions. Exocrine pancreatic insufficiency (EPI) is a rare disease that affects the enzymes and the pancreas. Though rare, exocrine pancreatic insufficiency (EPI) is a serious condition whose symptoms are gas and bloating, stomach pain, foul smelly stools, weight loss, diarrhea among others. Cystic fibrosis and chronic pancreatitis are the two main causes of exocrine pancreatic insufficiency (EPI).
Increases awareness about this rare disease and its negative impact on the health if ignored or not treated is inducing the demand for exocrine pancreatic insufficiency (EPI) therapeutics and diagnostics. The rise in the prevalence of cystic fibrosis and chronic pancreatitis is fuelling up the demand for exocrine pancreatic insufficiency (EPI) therapeutics and diagnostics. The rise in the number of diabetic patients is too set to foster the market growth rate. Rising expenditure on the improvement of healthcare infrastructure is another factor acting as an exocrine pancreatic insufficiency (EPI) therapeutics and diagnostics market growth determinant especially in developing countries.
North America lions the market owing to the rise in awareness about exocrine pancreatic insufficiency (EPI) and rise in the adoption of various advanced therapies. Rise in the research and development proficiencies is also driving the market growth in this region. Asia-Pacific on the other hand will exhibit the highest growth rate during this forecast period owing to the high rate of demand and adoption of advanced therapies with respect to gastrointestinal disorders coupled with the rising personal disposable income.
The major players covered in the exocrine pancreatic insufficiency (EPI) therapeutics and diagnostics market report are AbbVie Inc., Allergan, Nordmark Pharma GmbH, Digestive Care, Inc., Janssen Pharmaceuticals, Inc., Cilian AG, AzurRx, CHIESI Farmaceutici S.p.A., Lilly., VIVUS Inc., Mayoly Spindler and PDL BioPHARMA among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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