Antacid Market size was valued at USD 7.63 Bn. in 2023 and the total Antacid Market revenue is expected to grow at 4.5 % from 2024 to 2030, reaching nearly USD 10.39 Bn.
Antacid Market Overview:
This Antacid market study looks at current and emerging industry trends and dynamics in the global Antacid market. Antacid Extensive market forecasting for the major market segments is carried out between 2024 and 2030. Extensive Antacid market analysis is carried out by closely monitoring key product positions and the main competitors in the market framework. To understand the competitive landscape of the worldwide Antacid market, key players are profiled and their strategies are thoroughly evaluated.
Market Scope:
The analysis contains a current examination of the present Antacid market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Antacid market environment. Increased demand for Antacid is driving the market. The Antacid market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Segmentation:
The Proton Pump Inhibitors category is anticipated to expand at the greatest CAGR during the projected period, based on drug class. Proton pump inhibitors (PPIs) are frequently prescribed to treat acid-related conditions such gastroesophageal reflux disease and as a secondary preventative measure against ulcers caused by NSAIDs and aspirin. They effectively lower the release of stomach acid. Because of their great efficacy and safety in treating GERD, curing peptic ulcer disease, and reducing the incidence of nonsteroidal anti-inflammatory drug-associated gastropathy, PPIs have emerged as one of the medications that doctors prescribe most frequently. One PPI prescription may be taken by patients per day.
Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
1. Abbott Laboratories (US)
2. WellSpring Pharmaceutical Corporation (US)
3. Advance Pharmaceutical Inc. (US)
4. CVS Pharmacy, Inc. (US)
5. Safetec of America, Inc. (US)
6. Johnson & Johnson (US)
7. Mylan N.V. (US)
8. Pfizer Inc (US)
9. Bristol Myers Squibb Company (US)
10.Procter & Gamble (US)
11.Boehringer Ingelheim International GmbH (Germany)
12.Fresenius Kabi AG (Germany)
13.Bayer AG (Germany)
14.Haleon plc (UK)
15.GSK Plc. (UK)
16.GlaxoSmithKline plc (UK)
17.Hikma Pharmaceuticals plc (UK)
18.Reckitt Benckiser Group PLC (UK)
19.Sanofi S.A. (France)
20.F. Hoffmann-La Roche AG (Switzerland)
Regional Analysis:
Individual market influencing variables and changes in market laws that impact present and future market trends are also included in the regional segment of the Antacid market study. Data points such as downstream and upstream value chain analysis, technology trends, porter’s five forces analysis, and case studies are just a few of the indicators utilized to anticipate market scenarios for various industries. When examining projection data for the region, the existence and availability of global players, as well as the obstacles they face as a result of substantial or low to none competition from local and domestic brands, are all taken into account.
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COVID-19 Impact Analysis on Antacid Market:
The COVID-19 epidemic has had a significant impact on the global Antacid industry. Antacid Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Antacid market to decelerate in 2020. The negative impact of COVID-19 on the Antacid market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Antacid.
Key Questions Answered in the Antacid Market Report are:
- Which segment was responsible for the largest share in the Antacid market?
- How was the competitive scenario of the Antacid market in 2023?
- Which are the key factors responsible for the Antacid market growth?
- Which region held the maximum share in the Antacid market in 2023?
