Biologics will grow gastrointestinal drugs market to $48.4 billion by 2022, says report

6 October 2016

The value of the global gastrointestinal drug market will reach $48.4 billion within the next six years, says a report from GBI Research.

In the business intelligence provider’s report, a compound annual growth rate (CAGR) of 4.45% is predicted from the 2015 market value of $35.7 billion.

The report notes that the market has been hit by the patent expirations of a number of the leading gastrointestinal products, such as Nexium (esomeprazole) from Anglo-Swedish pharma major AstraZeneca’s (LSE: AZN), and Remicade (infliximab), which is sold by US healthcare giant Johnson & Johnson (NYSE: JNJ).

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