PUBLISHER: Value Market Research | PRODUCT CODE: 1306975
PUBLISHER: Value Market Research | PRODUCT CODE: 1306975
The global demand for Antacids Market is presumed to reach the market size of nearly USD 10.68 BN by 2030 from USD 7.68 BN in 2022 with a CAGR of 4.21% under the study period 2023 - 2030.
Antacids are medicines used to relieve or prevent symptoms associated with excessive stomach acids, such as heartburn, indigestion, acid reflux, and stomach ulcers. These medication work by neutralizing the acid in the stomach, which helps to reduce the discomfort and burning sensation caused by the excess acid.
Gastrointestinal disorders such as GERD, peptic ulcers, and dyspepsia are becoming increasingly prevalent, leading to a higher need for antacids. These conditions result in excessive stomach acid production and symptoms like heartburn and acid reflux, creating a demand for these drugs to alleviate discomfort. Modern lifestyles, including irregular eating patterns, consumption of spicy and fatty foods, and high levels of stress, contribute to increased gastric acid production and the need for these medicines. The growing global geriatric population, who are more prone to gastrointestinal disorders, is a significant consumer group for antacids. The market demand for gastrointestinal disorders is driven by increased consumer awareness of these conditions and the availability of over-the-counter medicines, leading to a preference for self-medication. Stress, sedentary lifestyles, and certain occupations also contribute to gastrointestinal symptoms and the need for antacids. The overall increase in healthcare expenditure and accessibility to healthcare services has resulted in more individuals seeking medical advice and treatment for gastrointestinal symptoms. Healthcare professionals often recommend it as an initial option for managing mild to moderate symptoms, further driving the demand.
The research covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of antacids. The growth and trends of antacids industry provide a holistic approach to this study.
This section of the antacids market provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Antacids market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the antacids market include GlaxoSmithKline plc, Bayer AG, Boehringer Ingelheim International GmbH, Dr. Reddy's Laboratories Ltd., Sanofi, Reckitt Benckiser Group plc, Sun Pharmaceuticals Ltd., Takeda Pharmaceutical Company Limited, Pfizer Inc., Procter & Gamble. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
In case you have any custom requirements, do write to us. Our research team can offer a customized as per your need.