Market Size of Traveler's Diarrhea Treatment Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 6.80 % |
| Fastest Growing Market | Asia-Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Traveler's Diarrhea Treatment Market Analysis
The traveler's diarrhea treatment market is expected to register a CAGR of 6.8% during the forecast period.
The pandemic caused unprecedented disruption in the tourism industry, with a massive fall in international demand amid widespread lockdowns and travel restrictions by countries to contain the spread of the virus, which impacted the traveler's diarrhea market. For instance, according to the World Tourism Organization (UNWTO), in 2022, the pandemic caused a 72% decline in international tourist arrivals in 2020 and 71% in 2021. Thus, a decrease in tourism significantly impacted the market's growth. However, the market is currently growing at a stable pace due to the resumption of tourism. According to the World Tourism Organization, tourism doubled in 2022. It is expected to witness a similar trend over the coming years. Thus, the market is expected to gain traction over the coming years because of declining COVID-19 cases and increased tourism.
Traveler's diarrhea affects millions of international travelers traveling to developing countries yearly. Food and contaminated water are the primary sources of infection. Bacteria, such as E. coli and Salmonella, are the common causes of traveler's diarrhea. According to the UNWTO, between January and September 2022, a projected 700 million tourists traveled abroad, more than double (+133%) the number seen during the same period in 2021. In addition, Europe took the lead in the recovery of global travel, with numbers 81% higher than before the pandemic. Between January and September 2022, international arrivals to the Middle East increased by 225%. The prevalence of traveler's diarrhea is higher among travelers visiting regions in South Asia and Southeast Asia. The travel destination is the most significant risk factor for traveler's diarrhea.
According to the article published in the June 2021 issue of the National Library of Medicine, traveler's diarrhea is a common ailment in individuals traveling to resource-limited destinations overseas. It is estimated to affect nearly 40-60% of travelers and is the most common travel-associated condition. Thus, the significant burden of traveler's diarrhea is expected to boost the demand for its treatment, thereby boosting the market's growth.
Hence, owing to these factors, the market is likely to witness significant growth during the forecast period. However, the side effects associated with the drugs are expected to impede the market's growth.
