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Europe Ibs-C Drug Market Forecast 2020-2028

The IBS-C drug market in Europe is predicted to register a CAGR of 9.38% during the estimated period, 2020-2028. Europe has the largest market share in the market. The demand for the market is growing, due to the highest number of patients suffering from IBS in the region.

In order to survey the Europe IBS- C drug market further, the European region is segregated into countries such as France, Poland, Italy, Belgium, Russia, the UK, Germany, and the rest of Europe that include countries like Spain and others. The Russian pharmaceutical industry is being considered by US exporters, and has huge potential, and can be distinguished into over the counter (OTC) medicines and prescription drugs. The pharmaceutical industry accounts for 1.2% of GDP and 22.1% of Russia's healthcare expenditure. Prescription drug sales dominated sales until 2018, which represented 62.3% of sales. In Belgium, healthcare expenditure accounted for 10% of GDP in 2016 and remained stable over the years. In order to ensure good quality and effective medicines used currently, the pharmaceutical industry is heavily regulated. In countries like Poland, the growing elderly population and the rise in the number of gastrointestinal diseases and colorectal cancer are expected to fuel the overall growth of the market. Though Poland's pharmaceutical market lags behind most Western European nations, the market records steady growth, owing to the stability and bright outlook of the country that attracts most global pharmaceutical companies. In Spain, IBD affects 7.8% of the population and twice the number of women compared to men.

AstraZeneca, Abbott Laboratories, Ferring BV, The Menarini Group, Bama-Geve, S.L.U., etc. are some of the major companies operating in the market.

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Europe Ibs-C Drug Market Forecast 2020-2028
Published By :Inkwood Research
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