Antacids Market to Record a CAGR of 4.1%, Vendors to Deploy Organic and Inorganic Growth Strategies – Market.us
Pune, Maharashtra, India, October 4 2022 (Wiredrelease) Prudour Pvt. Ltd –:Antacids are medical agents that neutralize stomach acid. The pH range for normal gastric acid is between 1.5 and 3.5. Antacids, which are alkaline, contain calcium, sodium, aluminium and magnesium. Antacids’ alkaline nature helps to neutralize gastric acid. An antacid can relieve pain, inflammation, and gastric acidity. It is a vital component of the healthcare industry and is expected to grow in the future.
The antacids market size was valued at USD 5.9 billion in 2017 and is projected to expand at a CAGR of 4.1% over the forecast period. Changing dietary habits is one of the major factors expected to fuel growth during the forecast period 2022-2032. The market will be affected by the increasing prevalence of Gastro-Esophageal Reflux Diseases (GERD). The Gut journal, published annually by the International Foundation for Gastrointestinal Disorders, shows that GERD prevalence was approximately 18% to 28% in North America in 2017, 9% and 26% in Europe, 3% and 8% respectively in East Asia, 9%–33% in the Middle East, 12% Australia, 23% in South America.
Global Antacids Market Dynamics
Drivers
Growing Awareness for GERD
Market growth is expected to be boosted by the increasing awareness of GERD. According to the International Foundation for Gastrointestinal Disorders reports, the 19th Annual GERD Awareness Week offered information and support for this condition in November 2018. The International Foundation for Functional Gastrointestinal Disorders, (IFFGD), also supports patients with GERD-related symptoms and encourages them to see their doctors.
Geriatric Population Growth
According to the United Nations World Ageing 2019, globally, there were 703 million people 65 and older in 2019. This number is expected to rise to 1.5 billion by 2050. Globally, 65-year-olds have a 9% increase in their share of the global population. Nearly 65% of those over 65 suffer from acid reflux. This presents a market opportunity.
Recent Developments
Zydus Lifesciences was granted final approval by the United States Food and Drug Administration (FDA). The company will market Famotidine tablets at strengths of 20 and 40 mg. It reduces stomach acid.
GSK founded Haleon, a consumer-focused healthcare company in February 2022.
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Competitive Spectrum – Top Companies Participating in the Antacids Market are:
WellSpring Pharm
Private Lable
GSK
Johnson and Johnson
Novartis Consurmer Health
Boehringer Ingelheim Pharm
GlaxoSmithKline
Procter and Gamble
Pfizer
First Aid Only
Antacids market research report will be sympathetic for:
1. New Investors
2. Propose investors and private equity companies
3. Cautious business organizers and analysts
4. Intelligent network security Suppliers, Manufacturers and Distributors
5. Government and research organizations
6. Speculation / Business Research League
7. End-use industries And much more
Antacids Market Segments Evaluated in the Report:
Product Overview:
Proton Pump Inhibitor
H2 Antagonist
Acid Neutralizers
Classified Applications of Antacids :
Tablet
Liquid
Powder
Key regions divided during this report:
– The Middle East and Africa Antacids Market (Saudi Arabia, United Arab Emirates, Egypt, Nigeria, South Africa)
– North America Antacids Market (United States, Canada, Mexico)
– Asia Pacific Antacids Market (China, Japan, Korea, India, Southeast Asia)
– South America Antacids Market (Brazil, Argentina, Colombia)
– Europe Antacids Market (Germany, UK, France, Russia, Italy)
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The Antacids market research is sourced for experts in both primary and developed statistics and includes qualitative and quantitative details. The analysis is derived from Manufacturers’ experts work around the clock to recognize current circumstances, such as COVID-19, the possible financial reversal, the impact of a trade slowdown, the importance of the limitation on export and import, and all the other factors that may increase or decrease market growth during the forecast period.
TOC Highlights:
Chapter 1. Introduction
The Antacids research work report covers a brief introduction to the global market. this segment provides opinions of key participants, an audit of Antacids industry, an outlook across key regions, financial services and various challenges faced by Antacids Market. This section depends on the Scope of the Study and Report Guidance.
Chapter 2. Outstanding Report Scope
This is the second most important chapter, which covers market segmentation along with a definition of Antacids. It defines the entire scope of the Antacids report and the various facets it is describing.
Chapter 3. Market Dynamics and Key Indicators
This chapter includes key dynamics focusing on drivers[ Includes Globally Growing Antacids Prevalence and Increasing Investments in Antacids, Key Market Restraints [High Cost of Antacids], opportunities [Emerging Markets in Developing Countries] and also presented in detail the emerging trends [Consistent Launch of New Screening Products] growth challenges, and influence factors shared in this latest report.
Chapter 4. Type Segments
This Antacids market report shows the market growth for various types of products marketed by the most comprehensive companies.
Chapter 5. Application Segments
The examiners who wrote the report have fully estimated the market potential of key applications and recognized future opportunities.
Chapter 6. Geographic Analysis
Each regional market is carefully scrutinized to understand its current and future growth, development, and demand scenarios for this market.
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Chapter 7. Impact of COVID-19 (Omicron) Pandemic on Global Antacids Market
7.1 North America: Insight On COVID-19 (Omicron) Impact Study 2021
7.2 Europe: Serves Complete Insight On COVID-19 (Omicron) Impact Study 2021
7.3 Asia-Pacific: Potential Impact of COVID-19 (Omicron)
7.4 Rest of the World: Impact Assessment of COVID-19 (Omicron) Pandemic
Chapter 8. Manufacturing Profiles
The major players in the Antacids market are detailed in the report based on their market size, market service, products, applications, regional growth, and other factors.
Chapter 9. Pricing Analysis
This chapter provides price point analysis by region and other forecasts.
Chapter 10. North America Antacids Market Analysis
This chapter includes an assessment of Antacids product sales across major countries of the United States and Canada along with a detailed segmental outlook across these countries for the forecasted period 2022-2031.
Chapter 11. Latin America Antacids Market Analysis
Major countries of Brazil, Chile, Peru, Argentina, and Mexico are assessed apropos to the adoption of Antacids.
Chapter 12. Europe Antacids Market Analysis
Market Analysis of Antacids report includes insights on supply-demand and sales revenue of Antacids across Germany, France, United Kingdom, Spain, BENELUX, Nordic and Italy.
Chapter 13. Asia Pacific Excluding Japan (APEJ) Antacids Market Analysis
Countries of Greater China, ASEAN, India, and Australia & New Zealand are assessed and sales assessment of Antacids in these countries is covered.
Chapter 14. The Middle East and Africa (MEA) Antacids Market Analysis
This chapter focuses on Antacids market scenario across GCC countries, Israel, South Africa, and Turkey.
Chapter 15. Research Methodology
The research methodology chapter includes the following main facts,
15.1 Coverage
15.2 Secondary Research
15.3 Primary Research
Chapter 16. Conclusion
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