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Antacids Market Analysis 2023: Market Segments, Regional Insights, Key Trends And Forecast To 2032 | GlaxoSmithKline PLC., Pfizer Inc., Bayer AG, Dr. Reddy's Laboratories Ltd., and AstraZeneca PLC
Antacids Market
The Business Research Company's Antacids Global Market Report 2023 identifies Poor lifestyle choices as the major driver for the Antacids market's growth in the forecast period. The elderly Poor lifestyle choices involve deskbound jobs, poor quality of sleep, and irregular dietary habits, which result in an increase in the acidity level of the stomach and lead to gastroesophageal reflux disease. According to the American College of Gastroenterology, around 60 million Americans suffer from gastroesophageal reflux disease. This drives the demand for antacids.
The global antacids market size will grow from $9.19 billion in 2022 to $9.56 billion in 2023 at a compound annual growth rate (CAGR) of 4.0%. 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 global antacids market size is expected to grow to $10.65 billion in 2027 at a CAGR of 2.7%.
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Major competitors in the Antacids market are GlaxoSmithKline PLC., Pfizer Inc., Bayer AG, Dr. Reddy's Laboratories Ltd., and AstraZeneca PLC.
A key trend in the Antacids market includes Mouth-melting antacid. Antacids were available in tablet, liquid, and powder form until now; however, researchers have now come up with mouth-melting antacids which are made up of micro-mouth melting granules that easily melt in the mouth. These granules present in the antacids act in the form of effervescent. An example of a mouth-melting instant relief antacid is Sunpharma's 'Pepmelt', which integrates the effects of herbal constituents present in it with the contemporary mouth-melting technology.
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The Antacids market is segmented -
1. By Drug Class: Proton Pump Inhibitors, H2 Antagonist, Acid Neutralizers, Pro-Motility Agents.
2. Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Other Distribution Channels.
3. By Formulation Type: Tablet, Liquid, Powder, Other Formulation Types
4. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Antacids market.
The Business Research Company's "Global Antacids 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 Antacids Market Include:
1. Executive Summary
2. Antacids Market Characteristics
3. Antacids Market Trends And Strategies
4. Antacids Market - Macro Economic Scenario
5. Antacids Market Size And Growth
……
27. Antacids Market Competitive Landscape And Company Profiles
28. Antacids Pipeline Analysis
29. Key Mergers And Acquisitions In The Antacids Market
30. Antacids Market Future Outlook and Potential Analysis
31. Appendix
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