Antacid Market Size Worth USD 7835.8 Million by 2028 | CAGR: 3.3%
Asia-pacific holds the largest market share at 35% and will provide lucrative opportunities for growth in the antacids market share.
BANGALORE, INDIA, February 2, 2022 /EINPresswire.com/ -- The global antacids market size is estimated to be worth US$ 6448.9 million in 2022 and is projected to reach US$ 7835.8 million by 2028 with a CAGR of 3.3% during the forecast period. Key drivers of the antacids market include the growing cases of Gastro-Esophageal Reflux Diseases(GERD) across the globe.Moreover, poor lifestyle choices and the increasing prevalence of obesity, acid reflux, heartburn are all expected to contribute to the growth of the antacids market. The increasing penetration of eCommerce and the side effects of non-steroidal anti-inflammatory drugs is driving the growth of the market.
๐๐๐ญ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐๐๐๐-๐๐ ๐ข๐ฆ๐ฉ๐๐๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ง ๐ญ๐ก๐ ๐๐ป๐๐ฎ๐ฐ๐ถ๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: https://reports.valuates.com/request/customisation/QYRE-Auto-21G9536/Antacid
๐๐ฟ๐ผ๐๐ถ๐ป๐ด ๐๐ฎ๐๐ฒ๐ ๐ข๐ณ ๐๐ฎ๐๐๐ฟ๐ผ-๐๐๐ผ๐ฝ๐ต๐ฎ๐ด๐ฒ๐ฎ๐น ๐ฅ๐ฒ๐ณ๐น๐๐ ๐๐ถ๐๐ฒ๐ฎ๐๐ฒ๐(๐๐ฒ๐ฟ๐ฑ) ๐๐ฐ๐ฟ๐ผ๐๐ ๐ง๐ต๐ฒ ๐๐น๐ผ๐ฏ๐ฒ:
Gastro-Esophageal Reflux disease is a common condition that causes reflux of stomach contents into the esophagus causing acidity, irritation, pain, and other gastric problems. This situation is more prevalent among the elderly population. Antacids give fast relief as they neutralize the acids and clear out the esophagus lining thereby protecting it against gastric acids. Thus increasing cases of GERD especially among the elderly population will drive the growth of the antacids market during the forecast period.
๐ฃ๐ผ๐ผ๐ฟ ๐๐ถ๐ณ๐ฒ๐๐๐๐น๐ฒ ๐๐ต๐ผ๐ถ๐ฐ๐ฒ๐ ๐๐ป๐ฑ ๐๐ป๐ฐ๐ฟ๐ฒ๐ฎ๐๐ถ๐ป๐ด ๐ฃ๐ฟ๐ฒ๐๐ฎ๐น๐ฒ๐ป๐ฐ๐ฒ ๐ข๐ณ ๐๐ฒ๐ฎ๐ฟ๐๐ฏ๐๐ฟ๐ป, ๐ข๐ฏ๐ฒ๐๐ถ๐๐, ๐๐ฐ๐ถ๐ฑ ๐ฅ๐ฒ๐ณ๐น๐๐ :
Improper sleep patterns, lack of exercise, poor diet, and deskbound jobs are all contributing to sedentary lifestyles. This increases obesity which in turn leads to recurring acid reflux, heartburn, and indigestion problems. In fact, these common conditions have increased significantly over the last decade. Thus poor lifestyles choices and increasing prevalence of obesity, acid reflux is leading to increasing demand for antacids ultimately driving the growth of the antacids market during the forecast period.
๐๐ฐ๐ผ๐บ๐บ๐ฒ๐ฟ๐ฐ๐ฒ ๐๐ป๐ฑ ๐ฆ๐ถ๐ฑ๐ฒ ๐๐ณ๐ณ๐ฒ๐ฐ๐๐ ๐ข๐ณ ๐ก๐ผ๐ป-๐ฆ๐๐ฒ๐ฟ๐ผ๐ถ๐ฑ๐ฎ๐น ๐๐ป๐๐ถ-๐๐ป๐ณ๐น๐ฎ๐บ๐บ๐ฎ๐๐ผ๐ฟ๐ ๐๐ฟ๐๐ด๐
The increasing penetration of e-commerce has led to a spurt in the growth of online medicine providers. Antacids are easily available via online retail channels. Anti-inflammatory drugs or painkillers cause several side effects in the form of stomach upsets and other gastric problems. These drugs can be taken with antacids in order to ease the pain. Thus increasing e-Commerce penetration and the growing side effects of NSAIDs will accelerate the growth of the antacids market during the forecast period.
๐๐ฒ๐ ๐๐ผ๐๐ฟ ๐๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฑ๐ฎ๐:https://reports.valuates.com/request/sample/QYRE-Auto-21G9536/Antacid
๐๐ป๐๐ฎ๐ฐ๐ถ๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฏ๐ ๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป: Based on region, Asia-pacific holds the largest market share at 35% and will provide lucrative opportunities for growth in the antacids market share due to the presence of key market players, rising income levels, consumer awareness, and expanding medical infrastructure. North and Europe together hold a total share of 55%.
๐๐ป๐๐ฎ๐ฐ๐ถ๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฏ๐ ๐ฃ๐ฟ๐ผ๐ฑ๐๐ฐ๐ ๐ง๐๐ฝ๐ฒ: Based on product type, the proton pump inhibitor holds the largest share of 50% and will provide lucrative opportunities for growth in the antacids market share during the forecast period.
๐๐ป๐๐ฎ๐ฐ๐ถ๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฏ๐ ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป: Based on application, the OTC drug is expected to provide lucrative opportunities for growth in the antacids market share.
In this segment of the report, the specialists have delved into the key growth opportunities that are likely to emerge. This will aid the key players to simplify complex issues related to business and frame future strategies to compete in this competitive environment. This section will certainly assist the players to boldly position their business.
๐ฉ๐ถ๐ฒ๐ ๐๐๐น๐น ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:https://reports.valuates.com/reports/QYRE-Auto-21G9536/antacid
๐๐ ๐ง๐๐ฝ๐ฒ
โฃProton Pump Inhibitor
โฃH2 Antagonist
โฃAcid Neutralizers
๐๐ ๐๐ฝ๐ฝ๐น๐ถ๐ฐ๐ฎ๐๐ถ๐ผ๐ป
โฃOTC Drug
โฃRx Drug
๐๐ถ๐๐ ๐ผ๐ณ ๐๐ฒ๐ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐
โฃAstraZeneca
โฃTakeda Pharmaceutical
โฃPfizer
โฃReckitt Benckiser
โฃBayer
โฃProcter๏ผGamble
โฃGlaxoSmithKline
โฃJohnson๏ผJohnson
โฃCONBA
โฃXiuzheng Pharma
โฃSanofi
โฃBausch Health
โฃCR SANJIU
โฃReddy's Laboratories
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