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The global gastrointestinal therapeutics market size is expected to reach USD 65.1 billion by 2025, according to a new report by Grand View Research, Inc., registering a 6.6% CAGR during the forecast period.

Growing geriatric population prone to gastrointestinal indications is one of the key factors anticipated to contribute to market growth.

According to a report by WHO, colon cancer caused nearly 694,000 deaths in 2014.Growing geriatric population, especially in emerging economies, is expected to drive market growth over the coming years.

Furthermore, initiatives undertaken by the Centers for Disease Control and Prevention (CDC) to promote cancer screening nationwide is expected to boost market growth over the forecast period.

The Division of Cancer Prevention and Control (DCPC) supports National Colorectal Cancer Action Campaign (NCCCP) and provides funds to aid research studies and implement strategies to control colorectal cancer.

This increase in initiatives for screening is expected to fuel sales of therapeutics and present lucrative growth opportunities to the market.Further key findings from the report suggest:Based on product type, the branded drugs segment dominated in 2016 owing to high potency drugs such as biologics and proton pump inhibitors.

Healthcare sector is leaping forward at a high pace.

A better understanding of the indications and increased awareness in people have further acted as a driver in increased healthcare market size.To meet the demands of the people and to provide value healthcare, pharma companies and healthcare institutions are trying their best to provide therapies and treatments that are effective and deliver quality results.However, the whole process of the drug development, approval, and commercialization is a cumbersome and time-consuming process.

The pharma companies, for the ease of the drug development and maximum yield of their product, hire healthcare consulting companies to give them insights into pharma and healthcare market trends.With the fast pacing healthcare market trends, it is indispensable for the pharma companies to take guidance from a healthcare consultant for a clear view of the pharma market.Healthcare Consulting CompaniesHealthcare consulting companies are the advisory services providers that help pharmaceuticals and healthcare firms to take decisions that are fruitful in the long run and provide assistance that help them to outgrow in the market.Healthcare consulting companies study the prevailing healthcare market scenario and present the forecasted trends for the market to help pharmaceuticals companies advance in the market.DelveInsight, a leading healthcare consulting firm, provides healthcare advisory services to its clients for a better understanding of the healthcare market including trends on advanced diagnostic methods, health insurance services in different geographies, prevailing statistics comprising epidemiological models, therapies and treatments available, unmet needs, upcoming drugs, market drivers and barriers.Moreover, healthcare consulting companies conduct a comprehensive study of the healthcare market to help its clients for plausible mergers and acquisitions, partners, licensing of their products, and drug pricing.The healthcare consultants also provide a complete analysis of the competitors and their products that are in the market or are ought to be launched in the market.

On the basis of that, Healthcare consulting firms guide its clients to prioritize its assets, which will be able to produce the maximum ROI upon commercialization.Moreover, the consulting firms also provide an in-depth analysis of the pharma market segmented into different geographies and the information on guidelines of different regulatory bodies also help pharma companies to get a complete picture of the changing pharma market trends.

Healthcare Business Consulting Solutions: Healthcare Partner Identification Services: https://www.delveinsight.com/consulting/partner-identification-servicesHealthcare Licensing Services: https://www.delveinsight.com/consulting/licensing-servicesHealthcare Portfolio Management Services: https://www.delveinsight.com/consulting/pharmaceutical-portfolio-management-solutionsHealthcare Asset Prioritization Services: https://www.delveinsight.com/consulting/asset-prioritizaton-servicesHealthcare R and D Analysis: https://www.delveinsight.com/consulting/r-and-d-analysisHealthcare Merger and Acquisition: https://www.delveinsight.com/consulting/merger-and-acquisitionHealthcare Business Development Services: https://www.delveinsight.com/consulting/business-development-servicesHealthcare Competitive Benchmarking: https://www.delveinsight.com/consulting/competitive-benchmarking-servicesHealthcare Pipeline Assessment: https://www.delveinsight.com/consulting/pipeline-assessment-servicesHealthcare Market Assessment: https://www.delveinsight.com/consulting/market-assessment-servicesHealthcare Regulatory Analysis: https://www.delveinsight.com/consulting/regulatory-analysis-servicesHealthcare Due Diligence Services: https://www.delveinsight.com/consulting/due-diligence-servicesHealthcare Competitive Intelligence: https://www.delveinsight.com/consulting/competitive-intelligence-services

Adults are usually dependent on medicines suffering from problems like diabetes, high blood pressure, hypothyroid, etc.

There are two types of medication available generic and branded; the only difference between them is the price else they are exactly the same in composition, dosage, use, effects, side effects, route of administration, risks, safety, and strength.It is usually assumed that generic medicine being cheap might not be effective as compared to branded drugs.

People do doubt on the quality of the generic medicine, but the fact is that generic medicines are equally effective as branded due to the same composition of salts.They are cheap because the manufacturer does not spend a fortune of money on advertising it and has not invested time and money in research and development of that particular medicine.

When a brand introduces a medicine in the market, it does all the research, advertising and marketing required bringing its sales up, which makes it an expensive choice.Smart strategies are adopted to commence manufacturing of the generic ones.

Various myths are floating in the market as follows:-Generic drugs are manufactured poorly in quality.All the medicines are FDA approved; thus, they have to surpass the quality check guidelines.Genetic medicine takes a long time to show results.Again the same fact, FDA confirms generic drugs are fast and effective as the brand-name products.Generic medicines may differ in color, flavor, or appearance due to the trademark laws under which no one can imitate medicine's exact look.

If you have trust in generic drugs and are on a tight budget, you may go with generic medicines, and if you don't trust generic and are willing to pay extra bucks for branded medicines that happily buy.