Antacids Market – Growth, Trends, And Forecast (2019 – 2024) this market research provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Research classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.
The antacids market was valued at USD 8255.13 million in 2018, and it is expected to reach USD 10317.44 million by 2024, with an anticipated CAGR of 3.74% during the forecast period, 2019-2024. The propelling factors for the growth of the antacids market include the growing geriatric population suffering from GERD, poor lifestyle choices leading to higher incidences of acidity, and side effects of drugs like non-steroidal, anti-inflammatory drugs.
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Market ByTop Leading Players-
AstraZeneca PLC, Bayer AG, Boehringer Ingelheim GmbH, Dr. Reddy’s Laboratories Ltd, GlaxoSmithKline PLC, Johnson & Johnson, Pfizer Inc., Sun Pharmaceuticals Ltd, Reckitt Benckiser Group PLC, Sanofi S.A
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The group of people aged 60 years or higher is rising at a rate of approximately 3% every year and 65% of the geriatric population have to deal with acid reflux. This acts as one of the major factors boosting the antacid market globally. There has been an increase in the geriatric population and this is one of the most favorable growth factors for the antacids market as the demographic is highly vulnerable to peptic ulcers and gastroesophageal reflux disorders.
Scope of the Report
As per the scope of the report, antacids are widely available medication used for slowing heartburn, sore stomach, acid indigestion, and stomach upset. It is helpful in protecting the stomach, duodenum, and esophagus from harsh acids released, while eating foods. The antacids generally do not require a prescription, in other words, they are self-prescribed. Therefore, they provide quick relief from heartburn, which is a major symptom of gastroesophageal reflux disease and indigestion.
Market Key Insights
Tablet is the Largest Segment Under Formulation Type that is expected to grow During the Forecast Years
Tablet has been estimated to be the largest segment due to the presence of chewable tablets in the market with different flavors that help to improve the patient adherence to the medication, which in turn is expected to contribute to the growth of the segment. Tablets also provide the correct amount of dosage to the patients and they are easy to store. These factors can be attributed to the segment growth over the forecast period.
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Asia-Pacific holds the Fastest Growth and is Expected to follow the Same Trend over the Forecast Period
Asia-Pacific is expected to be the largest and fastest growing regional segment during the forecast period due to the high unmet clinical needs, availability of effective treatment methods, rising disposable income, and consumer awareness about the availability of these products. In addition, the presence of key players is anticipated to contribute to the market growth over the forecast period.
Furthermore, Global Antacids Market following points are involved along with a detailed study of each point: –
─Manufacture Analysis — Generation of this Global Antacids Industry is tested about applications, types, and regions with price analysis of players that are covered.
─Sales & Revenue Assessment — Revenue, sales are planned for this Antacids market, including with various essentials along yet another facet is assessed in this section for foremost regions.
─Supply and Effectiveness — In continuation using earnings, this section studies consumption, and global Antacids market. This area also sheds light on the variance between ingestion and distribution. Export and Antacids significance data are provided in this part.
─Competitors — In this section, key players have been studied depending on product portfolio, their Antacids market company profile, volume, price, price, and earnings.
─Investigations and Analysis — Antacids market analysis aside from business, the information, and supply, contact information from manufacturers, consumers and providers can also be presented. Additionally, a feasibility study to asset and SWOT analysis for endeavors have been contained.
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