Chronic Idiopathic Constipation (CIC) Drugs market: In-depth Analysis, Demand Statistics & Competitive Outlook
The market research report, entitled Chronic Idiopathic Constipation (CIC) Drugs market shows good possibilities in the Chronic Idiopathic Constipation (CIC) Drugs market during the next five-year period and ensures more information regarding market trends. The following summary will give an overview of the drivers, challenges and key players in the market.
Global Chronic Idiopathic Constipation (CIC) Drugs market Forecast:
The Chronic Idiopathic Constipation (CIC) Drugs market is projected to grow from USD 4.38 billion in 2021 to USD 6.93 billion by 2028 at a CAGR of around 6.72% during the forecast period of 2022-2028.
COVID-19 Impact on Global Chronic Idiopathic Constipation (CIC) Drugs market
The COVID-19 pandemic is likely to favourably impact market growth. To curb the spread of the virus, countries worldwide are imposing restrictions and are promoting social distancing measures. Strict restrictions on the movement of people are further expected to negatively impact land-based casino operations.
Chronic Idiopathic Constipation (CIC) Drugs market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different driving factors and identifies the most-attractive segments and sub-segments. Chronic Idiopathic Constipation (CIC) Drugs market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns and increase market share and revenue.
By end-user, the chronic idiopathic constipation (CIC) drugs market has been bifurcated into hospitals & clinics, ambulatory surgical centers, long-term care centers, and others. Under these, the hospitals & clinics segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period.
By region, the market in North America accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to the high prevalence of chronic constipation particularly among the geriatric populace coupled with the presence of key market players such as Actavis Generics (US) and Pfizer Inc. (US). The market growth in the Asia-Pacific region is expected to be driven by rising awareness among consumers regarding CIC drugs coupled with the rising geriatric population in developing countries, particularly China and India.
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