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Forecast Year
Antacids are commonly utilized medications that counteract excessive stomach acid, offering relief from heartburn, indigestion, and acid reflux. These are accessible without a prescription in different forms like tablets and liquids, providing rapid and effective relief from symptoms. The market is driven by advancements in formulations, changing consumer health trends, and heightened awareness of digestive wellness. The increasing occurrence of acid-related issues, combined with progress in medical research and regulatory backing, fuels the ongoing expansion of the antacids market, improving the quality of life for numerous individuals.
Rising Prevalence of Gastroesophageal Reflux Disease To Boost Market Growth
The growing prevalence of gastroesophageal reflux disease, affecting around 30% of individuals in Western societies, significantly contributes to the expansion of the global antacid market. With gastroesophageal reflux disease being one of the most common disorders in primary care, the demand for effective antacid medications has surged. The increasing incidence of gastroesophageal reflux disease-related symptoms such as heartburn and regurgitation, alongside complications like esophageal injury, drives both preventive and symptomatic treatments, fueling market growth.
The market is witnessing several trends and developments to improve the current scenario. Some of the notable trends are as follows:
The market report offers a detailed analysis of the market based on the following segments:
Market Breakup by Dosage Form
Market Breakup by Application
Market Breakup by Distribution Channel
Market Breakup by Region
Segmentation Based on Distribution Channel to Witness Substantial Growth
The distribution channel segment is divided into hospital pharmacies, retail pharmacies, and others. Retail pharmacies are anticipated to dominate the market share throughout the forecast period. Their ease of use, convenient locations, long operating hours, and rapid services contribute to their increasing popularity. Retail pharmacies provide a variety of medications, effective order processing systems, and tailored consultations with pharmacists, improving the overall customer experience. These elements play a crucial role in their market leadership, establishing retail pharmacies as a favored option for customers.
The market is divided into regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. North America is expected to dominate the market share because of a significant prevalence of gastrointestinal issues such as acid reflux and GERD, attributed to stress, unhealthy eating habits, and obesity. These lifestyle patterns drive the need for antacids as a quick way to relieve symptoms. On the other hand, the Asia Pacific region is projected to witness the fastest growth, as urbanization, shifting diets, heightened stress, and improved healthcare access augment the need for antacids, especially with the growing middle class and better affordability of over-the-counter products.
The key features of the market report comprise patent analysis, clinical trial analysis, grants analysis, funding and investment analysis, and strategic initiatives by the leading players. The major companies in the market are as follows:
Bayer AG, a prominent global company in pharmaceuticals and biotechnology, boosted its presence in the antacid market through well-known brands such as Rennie and Alka-Seltzer. Alka-Seltzer is widely recognized for relieving digestive issues and associated pain.
Haleon plc, a prominent British multinational consumer healthcare firm located in Weybridge, England, is a maj...
Sun Pharma, a global leader in generic medications, propels market expansion through its vast product developm...
Procter & Gamble, a global healthcare leader, drives market growth through innovative products and strategic c...
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other key players in the market include Sanofi, WellSpring Pharmaceutical Corporation, Advance Pharmaceutical Inc., Reckitt Benckiser Group PLC, Teva Pharmaceuticals Industries Ltd., and Lupin.
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2017-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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Breakup by Dosage Form |
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Breakup by Application |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Supplier Landscape |
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Companies Covered |
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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