(Photo Courtesy: www.health.com)
The global therapeutics market for Irritable Bowel Syndrome (IBS) is set to rise in value from $589.6 million in 2013 to $1.5 billion by 2023, representing a high Compound Annual Growth Rate (CAGR) of almost 9.9 percent, says research and consulting firm GlobalData.
According to the company's latest report, this expansion will be driven primarily by rising IBS prevalence, along with the increasing uptake of Ironwood/Actavis/Almirall/Astellas' Linzess in the US and five European countries (5EU), namely the UK, France, Germany, Italy and Spain.
Linzess' anticipated launch in Japan in 2017 will further boost the market.
Mr Toli Koutsokeras, GlobalData's senior analyst covering immunology, says: "Of all IBS treatments, Linzess, which is used mainly as a second-line treatment and beyond in patients suffering from constipation-predominant IBS (IBS-C), is anticipated to contribute the highest revenues by 2023, with approximately $307.2 million across the US, 5 EU and Japan.
"Linzess faces competition from Sucampo/Takeda/Abbott's Amitiza and the potential introduction of two additional IBS-C products, namely Synergy's plecanatide and AstraZeneca/Ardelyx's tenapanor, during the forecast period.