Antacid Market Predicted to Garner a Revenue of US$ 11,666.83 Million at a CAGR of 4.0% during the 2020-2027 Period – Exclusive Report [182 Pages] by The Insight Partners

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The antacid market is expected to reach US$ 11,666.83 million in 2027 from US$ 8,547.97 million in 2019. The market is estimated to grow with a CAGR of 4.0% from 2020-2027.

The class of drugs that neutralize the acid in the stomach are known as antacids. It is used to treat conditions like heartburn, indigestion, acidity and an upset stomach. These drugs are available over the counter and are usually consumed by mouth. They are available in tablets, capsules, liquid and powder form. There are different types of antacid available like aluminium hydroxide, magnesium carbonate, magnesium trisilicate, magnesium hydroxide, calcium carbonate, and sodium bicarbonate.

The global antacid market growth is mainly attributed to factors such as increasing prevalence of GERD, and rising prevalence of obesity. However, low awareness associated with gastrointestinal disorders in low-income economies is restricting the Antacid market growth.

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Here we have listed the top Antacid Market companies:- Sanofi, GlaxoSmithKline plc, Bayer AG, Takeda Pharmaceutical Company Limited, Sun Pharmaceuticals Ltd, Boehringer Ingelheim International Gmbh, Dr. Reddy’s Laboratories Ltd., Pfizer, Inc, Reckitt Benckiser Group Plc., and Procter And Gamble

Highlights the following key factors:

1) Business description-A detailed description of the company’s operations and business divisions.
2) Corporate strategy – Analyst’s summarization of the company’s business strategy.
3) SWOT Analysis-A detailed analysis of the company’s strengths, weakness, opportunities, and threats.
4) Company history – Progression of key events associated with the company.
5) Major products and services-A list of major products, services, and brands of the company.
6) Key competitors – A list of key competitors to the company.
7) Important locations and subsidiaries – A list and contact details of key locations and subsidiaries of the company.
8) Detailed financial ratios for the past five years – The latest financial ratios derived from the annual financial statements published by the company with 7 years history.

The antacid market, by drug class, is segmented into proton pump inhibitors, H2 antagonist, acid neutralizers. Based on distribution channel, the antacid market is segmented into hospital pharmacy, retail pharmacy, and online pharmacy.
The retail pharmacy segment held the largest share of the market in 2019. Based on dosage form, the antacid market is segmented into tablet, liquid, and others. In 2019, the microbial tablet segment held the largest share of the market. The liquid segment is expected to grow at the fastest rate during the forecast period. Product launches and approvals are the commonly adopted strategies by companies to expand their global footprints and product portfolios; these strategies help them meet the growing consumer demand.

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The Covid-19 (coronavirus) pandemic is impacting society and the overall economy across the world. The impact of this pandemic is growing day by day as well as affecting the supply chain. The COVID-19 crisis is creating uncertainty in the stock market, massive slowing of supply chain, falling business confidence, and increasing panic among the customer segments. The overall effect of the pandemic is impacting the production process of several industries including Biotechnology, medical devices, pharma Industry, and many more.
Trade barriers are further restraining the demand- supply outlook. As government of different regions have already announced total lockdown and temporarily shutdown of industries, the overall production process being adversely affected; thus, hinder the overall Antacid market globally. This report on ‘Antacid market’ provides the analysis on impact on Covid-19 on various business segments and country markets. The report also showcases market trends and forecast to 2027, factoring the impact of Covid -19 Situation.

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