South Korea Gastro Oesophageal Reflux Disease (GERD) Market 2023 Share, Size, Key Players, Revenue Analysis | Prudent Markets

The South Korea Gastro Oesophageal Reflux Disease (GERD) Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global South Korea Gastro Oesophageal Reflux Disease (GERD) market. This report explores all the key factors affecting the growth of the global South Korea Gastro Oesophageal Reflux Disease (GERD) market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Overview

The South Korea gastro oesophageal reflux disease (GERD) market size stood at around USD 234.6 million in 2019 and is projected to reach xx million by 2028, exhibiting a CAGR of around xx% during the forecast period.

Gastroesophageal reflux disease (GERD) is a digestive disorder, caused when stomach acid, food, and fluids reflux to the oesophagus. This causes irritation of the lining of oesophagus, resulting in burning sensation. GERD is characterized by two cardinal oesophageal symptoms, including heartburn (reflux) and regurgitation. If left untreated for a prolonged period, it can cause inflammation of oesophagus termed as oesophagitis. Just a few years ago, 'Gastro oesophageal Reflux Disease', that was rare in Korea and was seen only in Westerners, is rapidly emerging as a representative life-related disease in Eastern countries including Korea. Gastroesophageal reflux disease, which affects 1 in 10 people, is also called national disease of Koreans.

Market Drivers

The prevalence rate of GERD is growing rapidly which is the major factor responsible for growth of this market. In geriatric population, acidic complications are recurrent and South Korea is soon going to become a super aged community which will again fuel the growth of market. In addition, advances in the treatment rate and adoption of sedentary lifestyle and research and development activities conducted by many pharmaceutical companies are some of the other propelling factors for the demand of GERD drugs.

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Market Segmentation

By Drug Class:

On the basis of drug class, the market is segmented into antacids, proton pump inhibitors, H2 receptor blocker, pro-kinetic agents, and others. Proton pump inhibitors segment is expected to hold the large market share over the forecast period. The proton pump inhibitors (PPI) characterize the maximum potency in inhibiting gastric acid secretion, primarily by blocking the acid pump. These inhibitors are well-known for both, therapeutic effects, and good safety profiles.

By Mode of Administration:

According to mode of administration the market is segmented as oral, parenteral and others.

Top Players

In 2020 the market share of domestic product prescriptions exceeded 60%, and the growth rate is also overwhelming compared to global companies. Moreover, the launch of a new drug treatment are expected in near future. Some of the leading companies in GERD market are Hanmi Pharmaceuticals, Ilyang Pharmaceuticals, Takeda Pharmaceuticals, AstraZeneca, Daewoong Pharmaceuticals, Dong-A ST, Chong Kun Dang, Yuhan Corporation, Kyung Dong Pharmaceutical, and GC Green Cross, Korea United Pharm, Jeil Pharmaceuticals and others.

Highlighted Segments of South Korea Gastro Oesophageal Reflux Disease (GERD) Market:

Industry Overview: The first section of the research study covers an overview of the global South Korea Gastro Oesophageal Reflux Disease (GERD) Market, market status and prospects, and product range. In addition, it provides highlights of the major segments of the global Market, i.e., region, type, and application segments.

Competitive Analysis: This report illuminates important mergers and acquisitions, business expansion, product or service differences, market concentration, the competitive status of the global South Korea Gastro Oesophageal Reflux Disease (GERD) Market, and market size by player.

Company Profiles and Key Data: This section covers companies profiling the major players in the global South Korea Gastro Oesophageal Reflux Disease (GERD) Market based on the aforementioned revenue, products, business, and other factors.

Market size by type and application: In addition to providing an in-depth analysis of the industry size by type and application, this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends, and opportunities of the global South Korea Gastro Oesophageal Reflux Disease (GERD) Market. This section also includes Porter's analysis of five forces.

Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global South Korea Gastro Oesophageal Reflux Disease (GERD) Market.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global South Korea Gastro Oesophageal Reflux Disease (GERD) Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global South Korea Gastro Oesophageal Reflux Disease (GERD) Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the South Korea Gastro Oesophageal Reflux Disease (GERD) market
Chapter 2: Exclusive Summary - the basic information of the South Korea Gastro Oesophageal Reflux Disease (GERD) Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the South Korea Gastro Oesophageal Reflux Disease (GERD)
Chapter 4: Presenting the South Korea Gastro Oesophageal Reflux Disease (GERD) Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the South Korea Gastro Oesophageal Reflux Disease (GERD) market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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-An extra edge in the competitive market could be obtained from this elaborative research report
-The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.

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