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What Growth Rate is the Viral Gastroenteritis Market Anticipated to Experience from 2024-2033?

In recent times, we have witnessed a substantial growth in the market size of viral gastroenteritis. The expansion will progress from a valuation of $6.34 billion in 2023 to $6.7 billion in 2024, indicating a compound annual growth rate (CAGR) of 5.7%. Factors such as the pervasiveness of viral infections, worldwide hygiene protocols, advancements in diagnostic procedures, global travel and tourism, and climate and environment-related factors contributed to the growth during the historic period.

In the coming years, the market size for viral gastroenteritis is anticipated to experience consistent growth, reaching $8.1 billion by 2028, with a compound annual growth rate (CAGR) of 4.9%. Factors driving growth in the forecast period include global health readiness, effects of climate change, a unified health approach, epidemiological monitoring systems, as well as education and increased public awareness. Key trends anticipated during the forecast period encompass the development of vaccines, advancements in diagnostics, the use of telemedicine for diagnosis, joint research efforts, personalized treatment strategies, and the implementation of digital health solutions.

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What Are the Significant Influencers of Growth in the viral gastroenteritis Market?

The rise in occurrences of gastrointestinal conditions is predicted to fuel the expansion of the viral gastroenteritis market in the future. Diseases that manifest in or on any segment of the gastrointestinal tract are referred to as gastrointestinal (GI) disorders. Medications and diagnostic treatments for viral gastroenteritis benefit those affected by providing suitable and effective treatment. For example, a survey conducted in October 2021 by Bodibio, an American fitness and wellness firm, spanning 33 nations and involving 73,076 adults, pointed out that 40% of the participants suffered from a functional gastrointestinal disorder. This included all different forms of functional dyspepsia, irritable bowel syndrome, functional constipation, among others. Consequently, the rising incidence of gastrointestinal conditions is propelling the viral gastroenteritis market’s growth.

What Key Segments Define the Viral Gastroenteritis Market?

1) By Drugs: Antibiotics, Antacids, Laxatives, Antimotility Agents, Others Drugs

2) By Diagnosis: Physical Examination, Rapid Stool Test

3) By Indication: Watery Diarrhea, Abdominal Cramps, Pain, Other Indications

4) By Type Of Virus: Norovirus, Rotavirus, Astrovirus, Enteric Adenovirus

5) By End User: Hospitals, Clinics, Pharmaceutical Companies, Diagnostic Centers, Ambulatory Care Centers, Others End Users

What Are the Key Developments Shaping the Viral Gastroenteritis Market?

The viral gastroenteritis market is witnessing a growing trend of product innovation. To solidify their market standing, the leading companies are focusing on launching new products. For example, in November 2022, GlaxoSmithKline plc, a biopharmaceutical company based in the UK, was granted approval by the US Food and Drug Administration (FDA) for its ROTARIX oral-dosing applicator-only presentation (liquid formulation). This is designed to prevent rotavirus gastroenteritis in infants. The formulation means healthcare providers no longer need to reconstitute the vaccine dose when they use it. This approval is based on international clinical trials that showed the safety and tolerability of the formulation compared to the lyophilized version, and that it was not less potent in terms of immunogenicity.

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What Regions Are Driving Expansion in the Viral Gastroenteritis Market?

North America was the largest region in the viral gastroenteritis market in 2023. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the viral gastroenteritis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The Viral Gastroenteritis Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the viral gastroenteritis market, its market share, and analyzes key competitors along with their market positions.

The Table Of Content For The Viral Gastroenteritis Market Include

1. Viral Gastroenteritis Market Executive Summary

2. Viral Gastroenteritis Market Segments

3. Viral Gastroenteritis Market Size And Template Market Growth Rate

4. Key Viral Gastroenteritis Market Trends

5. Major Viral Gastroenteritis Market Drivers

……

25. Key Mergers And Acquisitions In The Viral Gastroenteritis Market

26. Top Viral Gastroenteritis Companies

27. Viral Gastroenteritis Market Opportunities And Strategies

28. Viral Gastroenteritis Market, Conclusions And Recommendations

29. Appendix

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