Gastrin Hormone Market Size & Share, by Salt Type (Ammonium Acetate, Trifluoroacetate); Packaging Size (0.5 mg, 1 mg, 5 mg); End-user (Hospital, Specialty Clinics) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

Growth Drivers

• Growing Cases of Indigestion Among the Global People – People in the world have seen rising cases of indigestion owing to indulgence in a sedentary lifestyle and consumption of junk food and processed eatables. To treat the illness of indigestion, the use of gastrin hormone is highly used by medical professionals. Therefore, the increase in the number of cases of indigestion is expected to escalate the usage of gastrin hormone and subsequently aid in market expansion during the forecast period. For instance, it was suggested that indigestion is a common condition that affects almost 1 in 4 people in the United States each year. Furthermore, it also has been calculated that over 73,000 people in 33 countries are suffering from digestive disorders.
• Escalation in the Cases of Gastroesophageal Reflux Disease (GERD) - Gastroesophageal reflux disease (GERD) is a medical condition in which the stomach contents leak backward from the stomach into the esophagus (food pipe). This condition is a result of poor diet habits and consumption of highly unhealthy food products with high sodium and processed elements which results in indigestion and further gut-related problems. Thus, the increase in such illnesses is estimated to increase the demand for digestive health products such as gastrin hormones which have the ability to secrete digestive enzymes for proper digestion in human beings. The statistics revealed by the National Library of Medicine stated that in 2019, there were 783.95 million cases of GERD globally. Moreover, it was also calculated that between 1990 and 2019, the total number of prevalent cases, incident cases, and YLDs owing to GERD increased by 77.53%, 74.79%, and 77.19%, respectively.
• The Surge in the Number of Gut-Conscious People – In the recent period, owing to the number of digestion illnesses and gut-related problems has increased the awareness level of concern about health and fitness. This has increased the number of gut-conscious clients who constantly seek preventive options and use supplements for gut health including prebiotics, food enzymes, and probiotics including gastrin hormones to maintain a strong immune system. It has been suggested that in order to maintain a healthy immune system, nearly 77% of individuals are switching to food including yogurt drinks, and others. Therefore, with more and more people propelling towards maintaining a healthy digestion process, the utilization rate of gastrin hormones is expected to increase which is further anticipated to favor global gastrin hormone market expansion during the forecast period.
• Burgeoning Geriatric Population with Digestive Issues – The bodies of elderly people tend to become weak and their organs start to deteriorate. As a result, at some times, the food consumed by them is not properly digested which led to gut microbiota and indigestion problems. Therefore, gastrin hormones which aid a smooth digestion process are estimated to create favorable opportunities for market growth during the forecast period. The United Nations estimates that by 2050, 1 in 6 people would be over 65, up from 1 in 11 in 2019.
• Increasing Desire for Unhealthy Foods – With the fast-paced lives of people, the global population nowadays is more pushed towards the consumption of unhealthy foods owing to their taste and convenience. However, the outcome of eating unhealthy food and processed consumables is the development of diseases and disorders in the body, which in turn, is anticipated to increase the demand for gastrin hormones to restore health and aid in generating opportunities for market growth. For instance, it has been stated that processed food makes up approximately 70% of the U.S. diet, with Americans spending around 10% of their disposable income on fast food. It has also been revealed that one in four Americans eat fast food every day.

Challenges

• Higher Cost of Digestive Hormones – Digestive hormones such as gastrin hormones are manufactured using a lot of rare ingredients which increases the cost of the product. Furthermore, the processing, distribution, storage, and other processes also add additional expenses which subsequently increase the final cost of gastrin hormone. As a result, the adoption rate of gastrin hormones among the population with low and middle income ultimately hamper the growth of the global gastrin hormone market during the forecast period.
• Complex & changing product requirements
• Strict Rules to be Followed Before the Launch of New Products