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Last Updated: December 23, 2024

GASTROVIST Drug Patent Profile


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Which patents cover Gastrovist, and when can generic versions of Gastrovist launch?

Gastrovist is a drug marketed by Bayer Hlthcare and is included in one NDA.

The generic ingredient in GASTROVIST is diatrizoate meglumine; diatrizoate sodium. There are eleven drug master file entries for this compound. Four suppliers are listed for this compound. Additional details are available on the diatrizoate meglumine; diatrizoate sodium profile page.

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Summary for GASTROVIST
US Patents:0
Applicants:1
NDAs:1
DailyMed Link:GASTROVIST at DailyMed
Drug patent expirations by year for GASTROVIST

US Patents and Regulatory Information for GASTROVIST

Applicant Tradename Generic Name Dosage NDA Approval Date TE Type RLD RS Patent No. Patent Expiration Product Substance Delist Req. Exclusivity Expiration
Bayer Hlthcare GASTROVIST diatrizoate meglumine; diatrizoate sodium SOLUTION;ORAL, RECTAL 087728-001 Sep 23, 1982 DISCN No No ⤷  Subscribe ⤷  Subscribe ⤷  Subscribe
>Applicant >Tradename >Generic Name >Dosage >NDA >Approval Date >TE >Type >RLD >RS >Patent No. >Patent Expiration >Product >Substance >Delist Req. >Exclusivity Expiration

GASTROVIST Market Analysis and Financial Projection Experimental

Market Dynamics and Financial Trajectory of the Gastrointestinal Therapeutics Market

Introduction to Gastrointestinal Therapeutics

The gastrointestinal therapeutics market is a rapidly growing sector driven by several key factors, including the rising prevalence of gastrointestinal diseases, advancements in drug development and biotechnology, and increasing healthcare expenditure.

Current Market Size and Forecast

As of 2023, the gastrointestinal therapeutics market size was valued at USD 46.5 billion. Looking ahead, the market is projected to reach USD 69.6 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 4.5% during the period of 2024-2032[1].

Key Drivers of Market Growth

Rising Prevalence of Gastrointestinal Diseases

The increasing incidence of gastrointestinal disorders such as gastrointestinal ulcers, colon cancer, inflammatory bowel disease, and gastric cancer is a significant driver of market growth. According to the World Health Organization, around 350 million people globally suffer from gastrointestinal problems annually, which is augmenting the demand for advanced gastroenterology procedures and therapeutics[2].

Advancements in Drug Development and Biotechnology

Innovations in biologics and biosimilars are playing a crucial role in treating inflammatory bowel diseases like Crohn's disease and ulcerative colitis. The lack of effective therapeutic alternatives for these diseases is boosting the demand for biologics and biosimilars[2].

Increasing Healthcare Expenditure and Access

Growing healthcare expenditure and improving access to advanced therapies, particularly in regions like Latin America and the Middle East and Africa, are supporting market growth. Government initiatives and investments in healthcare infrastructure are also contributing to this trend[1].

Improved Diagnostic and Treatment Facilities

Enhanced diagnostic and treatment facilities, along with a greater focus on health education campaigns, are driving the market forward. Early diagnosis and treatment options are becoming more accessible, which is further fueling market growth[1].

Market Segmentation

By Type

The market is segmented into branded and generic drugs. The generic segment is expected to grow significantly due to the easy availability and cost-effectiveness of generic drugs, especially in oral solid dosage forms[1].

By Route of Administration

The oral segment holds the largest share of the market by dosage form due to its convenience of use and cost-effectiveness. Other routes of administration include intravenous and others[1].

Regional Market Dynamics

North America

North America is expected to hold a dominant position in the market due to the rising prevalence of gastrointestinal diseases and growing healthcare expenditures. The region is home to many leading companies and research institutions driving innovation in gastroenterology therapeutics[2].

Latin America and Middle East & Africa

These regions are experiencing growth driven by the rising incidence of gastrointestinal disorders, improving healthcare infrastructure, and growing awareness about disease management. Government initiatives and investments in healthcare are also key factors[1].

Market Trends

Minimally Invasive Procedures

The adoption of minimally invasive procedures like endoscopy is increasing due to reduced hospital stay and quicker recovery times. This trend is expected to continue, driving the demand for advanced gastroenterology procedures[2].

Biologics and Biosimilars

The biologics/biosimilars segment is expected to hold the largest share of the gastroenterology market during the forecast period. These drugs are widely used for treating inflammatory bowel diseases and are in high demand due to their effectiveness[2].

Challenges and Opportunities

High Cost of Endoscopy Devices

One of the challenges facing the market is the high cost of endoscopy devices, which can limit access to these advanced procedures in some regions[2].

Shortage of Skilled Professionals

A shortage of skilled professionals in gastroenterology is another challenge that needs to be addressed to ensure the sustainable growth of the market[2].

Market Opportunities

The increasing prevalence of gastrointestinal diseases and the lack of effective therapeutic alternatives present significant opportunities for market growth. Innovations in drug delivery systems and the growing aging population with stress and anxiety are also driving market opportunities[1].

Competitor Insights

Companies like Gastro Health, LLC, are playing a significant role in the market. Gastro Health is the second largest gastrointestinal physician practice management platform in the United States, offering a comprehensive suite of core GI procedures and ancillary services. Investments by firms like Penfund in Gastro Health highlight the financial confidence in the growth potential of this sector[5].

Financial Trajectory

The global gastrointestinal drugs market is projected to grow from USD 45.20 billion in 2023 to USD 62.96 billion by 2031, exhibiting a CAGR of 4.23% during the forecast period. This growth is driven by the rising cases of gastrointestinal diseases, novel product launches, and increasing emphasis on ensuring the availability of gastrointestinal drugs globally[4].

Key Takeaways

  • The gastrointestinal therapeutics market is expected to reach USD 69.6 billion by 2032, growing at a CAGR of 4.5% from 2024-2032.
  • Rising prevalence of gastrointestinal diseases and advancements in drug development are key drivers.
  • The biologics/biosimilars segment is expected to dominate the market due to its effectiveness in treating inflammatory bowel diseases.
  • North America will hold a dominant position in the market due to high healthcare expenditures and the prevalence of gastrointestinal diseases.
  • Minimally invasive procedures and improved diagnostic facilities are driving market growth.

FAQs

Q: What is the current size of the gastrointestinal therapeutics market? A: As of 2023, the gastrointestinal therapeutics market size was valued at USD 46.5 billion[1].

Q: What is the projected growth rate of the gastrointestinal therapeutics market from 2024 to 2032? A: The market is expected to grow at a CAGR of 4.5% during the period of 2024-2032[1].

Q: Which segment is expected to hold the largest share of the gastroenterology market by dosage form? A: The oral segment is expected to hold the largest share due to its convenience of use and cost-effectiveness[2].

Q: What are the major challenges facing the gastroenterology market? A: High costs of endoscopy devices and a shortage of skilled professionals are significant challenges[2].

Q: Which region is expected to dominate the gastroenterology market during the forecast period? A: North America is expected to hold a dominant position due to the rising prevalence of gastrointestinal diseases and growing healthcare expenditures[2].

Sources:

  1. Biospace: Gastrointestinal Therapeutics Market to Reach USD 69.6 Billion by 2032, Impelled by Growing Awareness Regarding Gastrointestinal Diseases.
  2. Biospace: Gastroenterology Market Projected to Reach USD 53.10 Billion by 2031, Says Coherent Market Insights.
  3. GI Research: Gastroenterology Market, By Drug Type, By Dosage Form, By Disease Type, By Distribution Channel.
  4. MarketsandData: Global Gastrointestinal Drugs Market 2031: Trends, Developments, and Forecast.
  5. Penfund: Penfund Announces US$85 million Investment in Gastro Health.

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