H2 Receptor Antagonist Market growing at a CAGR of 6.09%, size, share, Key facts

H2 receptor antagonist market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market is growing at a CAGR of 6.09% in the above-mentioned research forecast period. Easy availability of H2 Receptor Antagonist medication treatment in developed as well as developing country anticipated to bolster the market growth.

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Growing prevalence of gastric ulcer causes due to unhealthy diet habits, sedentary lifestyle, and escalation in smoking pace. These affirmative factors are illustrating the further elevation in the demand of H2 receptor antagonist. Growing incidence of complications associated with peptic ulcers such as perforation and bleeding, consequently it enhances the demand for H2 receptor antagonist's products. Moreover, growing prevalence of esophageal ulcers and duodenal ulcers act as opportunity for the market growth. But, sometimes adverse effect related caused by H2 Receptor Antagonists such as trouble in urinating, constipation, headache, dry skin, dry mouth and diarrhea among others may restrict the further market growth. Whereas, in rare cases, H2- receptor antagonists associated with serious complications such as changes in vision, wheezing, hallucinations, agitation and others, which may hinder the market growth. Moreover, stringent regulations policy for the approval of drugs may hamper the global H2 Receptor Antagonist market.

The primary action of H2- receptor antagonists is to relieve symptoms of gastroesophageal reflux disease (GERD) or acid reflux. H2- receptor antagonists are available both over-the-counter (OTC) and with the doctor's prescription. Growing initiative activities by major healthcare organization and government bodies anticipated to boom up market growth in the coming years. Additionally, easy accessibility and easy affordability of H2 Receptor Antagonist products in low and middle income countries anticipated to upsurge the market growth pace.

The major players covered in the H2 receptor antagonist market are Fresenius SE & Co. KgaA, Mylan N.V., Teva Pharmaceutical, GlaxoSmithKline plc., Hospira, Inc., Apotex Inc., Merck & Company Inc., Perrigo Company plc., AbbVie, F. Hoffmann-La Roche AG, Celgene, and EA Pharma Co. Ltd., among other domestic and global players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Global H2 Receptor Antagonist Market Scope and Market Size

H2 receptor antagonist market is segmented on the basis of types, dosage form, application, and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of types, the H2 receptor antagonist market is segmented into famotidine, cimetidine, ranitidine, and nizatidine.

On the basis of dosage form, the H2 receptor antagonist market is segmented into tablet, powder/suspension, syrup, injectable, and others.

On the basis of application, the H2 receptor antagonist market is segmented into gastritis, peptic ulcers, zollinger-ellison syndrome, allergies, and others.

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