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Global Effervescent Tablet Market 2023 Emerging Trends, International Expansion, Future Scope And Forecast To 2032 | Major Players Are Bayer AG, Hermes Arzneimittel GmbH, GSK plc, Reckitt Benckiser Group plc, Bristol-Myers Squibb Company
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Template Global Market Report 2023 identifies high prevalence rate of chronic diseases as the major driver for the Effervescent Tablet Market's growth in the forecast period. Chronic disease often lasts for three months or longer and may worsen with time. The most prevalent chronic diseases are cancer, heart disease, stroke, diabetes, and arthritis. Effervescent tablets are used in the treatment of chronic illnesses such as diabetes, cancer, and heart disease as a potent antioxidant that boosts blood antioxidant levels and helps reduce the risk of chronic diseases.
The global effervescent tablets market size is expected to grow from $30.52 billion in 2022 to $33.38 billion in 2023 at a compound annual growth rate (CAGR) of 9.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The effervescent tablets market is expected to grow to $47.22 billion in 2027 at a CAGR of 9.1%.
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Major competitors in the effervescent tablet market are Bayer AG, Hermes Arzneimittel GmbH, GSK plc, Reckitt Benckiser Group plc, Bristol-Myers Squibb Company, Bliss GVS Pharma Limited, Herbalife International Inc., Amerilab Technologies Inc., Pfizer Inc., Novartis AG, Perrigo Company plc, Chiesi Farmaceutici SpA, SG Biopharm Pvt Ltd., Advanced Enzyme technologies Limited, Vovantis Laboratories Pvt Ltd., Nutrilo GmbH, Tower Laboratories, and Novartis
A key trend in the Effervescent Tablet Market includes Technological advancements. Major players are concentrating on creating innovative manufacturing technologies to sustain their position in the effervescent tablet market. For instance, in April 2022, Health Innovations Ltd., a UK-based healthcare supplement manufacturing company, launched EfferShield technology. EfferShield is a patent-mated technology used for effervescent pills and powders. It is available in single-use pouches and stick-pack packaging, so consumers have more flexible and convenient packaging options with possibilities for recycling and at-home composting.
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The Effervescent Tablet Market is segmented -
By Product: Medication, Supplements
By Methods: Dry Methods, Wet Granulation
By Indication: Diuretics, Pain Management, Gastric Disorders, Respiratory Diseases, Other Indications
By Application: Dental Products, Dietary Supplements, Pharmaceuticals, Other Applications
By End-User: Hospitals, Specialty Clinics, Homecare, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Effervescent Tablet Market.
The Business Research Company's "Global Effervescent Tablet Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Effervescent Tablet Market Include:
1. Executive Summary
2. Effervescent Tablet Market Characteristics
3. Effervescent Tablet Market Trends And Strategies
4. Effervescent Tablet Market - Macro Economic Scenario
5. Effervescent Tablet Market Size And Growth
……
26. Africa Effervescent Tablet Market
27. Effervescent Tablet Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Effervescent Tablet Market
29. Effervescent Tablet Market Future Outlook and Potential Analysis
30. Appendix
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