PUBLISHER: The Business Research Company | PRODUCT CODE: 1662513
PUBLISHER: The Business Research Company | PRODUCT CODE: 1662513
Antispasmodic drugs are medications designed to treat, prevent, or decrease the frequency of muscular spasms, especially those involving smooth muscle, such as those occurring in the walls of the gastrointestinal tract. These drugs function by slowing down the normal movements of the gut and inducing relaxation in the muscles of the stomach and intestines.
Key drugs in the category of antispasmodics include dicyclomine hydrochloride, loperamide hydrochloride, and others. Dicyclomine is an anticholinergic medication that reduces spasms in the gastrointestinal muscles by inhibiting the activity of a natural chemical in the body. Indications for the use of antispasmodic drugs include conditions such as irritable bowel syndrome, stomach cramps, and others. These medications can be administered through oral, parenteral, and other modes. Distribution channels for antispasmodic drugs include hospital pharmacies, online pharmacies, and retail pharmacies, with end-users ranging from hospitals and homecare settings to specialty clinics and others.
The antispasmodics drugs market research report is one of a series of new reports from The Business Research Company that provides antispasmodics drugs market statistics, including antispasmodics drugs industry global market size, regional shares, competitors with antispasmodics drugs market share, detailed antispasmodics drugs market segments, market trends, and opportunities, and any further data you may need to thrive in the antispasmodics drugs industry. This antispasmodic drugs market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The antispasmodics drugs market size has grown strongly in recent years. It will grow from $13.76 billion in 2024 to $15.07 billion in 2025 at a compound annual growth rate (CAGR) of 9.5%. The growth in the historic period can be attributed to rising prevalence of spasmodic conditions, advancements in medical research, growing aging population, changing lifestyles, improvements in diagnosis.
The antispasmodics drugs market size is expected to see strong growth in the next few years. It will grow to $21.91 billion in 2029 at a compound annual growth rate (CAGR) of 9.8%. The growth in the forecast period can be attributed to increasing healthcare expenditure, personalized medicine, global population growth, emerging markets, clinical trials and research. Major trends in the forecast period include expanding indications for antispasmodics, healthcare infrastructure development, advancements in drug development, increasing awareness and diagnosis, preference for non-invasive treatment options.
The anticipated rise in the elderly population stands as a driving force behind the growth of the antispasmodic drug market. Individuals aged 65 and above, often grappling with various physical and psychological health challenges, find relief in antispasmodic drugs to manage symptoms linked to conditions causing muscle spasms or cramping. These drugs also prove beneficial for ailments such as irritable bowel syndrome (IBS), gastroesophageal reflux disease (GERD), interstitial cystitis, and uterine cramping. In October 2022, the World Health Organization (WHO) projected a substantial increase in the global population aged 60 and above, expected to reach 1.4 billion by 2030 and double to 2.1 billion by 2050. This demographic shift, including a significant rise in those aged 80 or older, estimated to reach 426 million by 2050, underscores the impetus driving the antispasmodic drug market linked to an expanding elderly populace.
The rising incidence of irritable bowel syndrome (IBS) is anticipated to drive the growth of the antispasmodics drugs market in the future. IBS is a prevalent digestive disorder characterized by a collection of symptoms affecting the large intestine (colon), causing discomfort and disrupting normal digestive function. Antispasmodic medications are utilized in the treatment of IBS to target and relieve muscle spasms and cramps in the gastrointestinal tract, providing relief from abdominal pain and discomfort for patients. For example, in June 2024, the Centers for Disease Control and Prevention (CDC), a US federal agency, reported that the estimated prevalence of inflammatory bowel disease (IBD) in the U.S. ranges from 2.4 to 3.1 million, with variations in impact among different demographics. Additionally, according to Oxford University Press, a UK publishing company, approximately 322,600 Canadians were estimated to be living with inflammatory bowel disease (IBD) in 2023. Therefore, the increasing prevalence of irritable bowel syndrome (IBS) is fueling the growth of the antispasmodics drugs market.
Innovative product developments emerge as a pivotal trend fueling the ascent of the antispasmodic drugs market. Key players in this domain prioritize pioneering solutions to fortify their market positions. For instance, in April 2022, Ardelyx Inc., a US-based biopharmaceutical company, unveiled IBSRELA, an NHE-3 inhibitor tailored for individuals grappling with irritable bowel syndrome with constipation (IBS-C). This product represents a breakthrough therapeutic option boasting a novel mode of action, yielding significant efficacy in addressing constipation and assorted abdominal symptoms prevalent in IBS-C patients, as substantiated by Phase 3 clinical studies. This innovative approach underscores the market's trend towards developing impactful solutions catering to specific conditions within the antispasmodic drugs segment.
Prominent entities within the antispasmodics drugs market are unveiling new products as part of their strategy to fortify their market presence. For example, in January 2023, Lupin Limited, an India-based pharmaceutical company, introduced Fesoterodine Fumarate, an FDA-approved generic antispasmodic drug. This medication is specifically designed to address certain bladder issues such as overactive bladder and neurogenic detrusor overactivity. Belonging to the antispasmodic drug class, Fesoterodine Fumarate functions by relaxing the muscles in the bladder. It is available in extended-release tablet form, representing a new addition to Lupin Limited's repertoire in addressing bladder-related ailments.
In October 2022, Silo Wellness Inc., a US-based company specializing in psychedelic therapy, concluded the acquisition of Dyscovry Science Ltd. for an undisclosed amount. This strategic acquisition enables Silo Wellness to consolidate its presence in the psychedelic business landscape. Dyscovry Science Ltd., a Canada-based biotechnology firm, specializes in biosynthetic production of psilocybin and its derivatives for treating irritable bowel syndrome. By incorporating Dyscovry Science Ltd., Silo Wellness aims to encompass both facets of the psychedelic industry, augmenting its capabilities in research and biosynthetic development for innovative treatment solutions.
Major companies operating in the antispasmodics drugs market include Daiichi Sankyo Company Limited, Fresenius Kabi AG, Hikma Pharmaceuticals plc, Johnson & Johnson Services Inc., Pfizer Inc., Shanghai Fosun Pharmaceutical Co. Ltd., Takeda Pharmaceutical Company Limited, Akorn Inc., Aurobindo Pharma Limited, Lannett Company Inc., Nexus Pharmaceuticals Inc., Actiza Pharmaceutical Private Limited, Blue Cross Laboratories Pvt. Ltd., Dr. Reddy's Laboratories Ltd., Lexicare Pharma Pvt. Ltd., Solitaire Pharmacia Private Limited, Strides Pharma Science Limited, Wellona Pharma Private Limited, SunGen Pharma LLC, GlaxoSmithKline plc, Novartis AG, Sanofi SA, AstraZeneca plc, Merck & Co. Inc., Bayer AG, Teva Pharmaceutical Industries Ltd., Endo Pharmaceuticals Inc., Sun Pharmaceutical Industries Ltd., Cipla Ltd., Lupin Ltd.
North America was the largest region in the antispasmodics drugs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the antispasmodics drugs market report during the forecast period. The regions covered in the antispasmodics drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the antispasmodics drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The antispasmodics drugs market consists of sales of natural alkaloids such as atropine, belladonna, hyoscyamine, scopolamine, and related drugs. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Antispasmodics Drugs Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on antispasmodics drugs market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for antispasmodics drugs ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The antispasmodics drugs market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.