July 27, 2021

Antacids Market Size Analysis, Gross Margin, Development Trends and Business Statistics with Top Key Players Outlook till 2021-2024

Antacids

Antacids Market” report helps to gain a deeper insight of the market overall landscape with qualitative and quantitative aspects of various industry factors like growth, size and share. The report consists of an extensive primary research associated with rapidly changing dynamics and current scenario of Antacids industry with latest developments. Antacids market also shows information of Product awareness, adept workforce, technological advancements, raw material affluence, favorable environment.

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Scope of the Report:

As per the , antacids are a widely available medication used for slowing heartburn, sore stomach, acid indigestion, and stomach upset. It is helpful in protecting the stomach, duodenum, and esophagus from harsh acids released while eating foods. The antacids generally do not require a prescription, in other words, they are self-prescribed. Therefore, they provide quick relief from heartburn, which is a major symptom of gastroesophageal reflux disease and indigestion.

Major Key Players:

  • AstraZeneca PLC
  • Bayer AG
  • Boehringer Ingelheim GmbH
  • Dr. Reddy’s Laboratories Ltd
  • GlaxoSmithKline PLC
  • Johnson & Johnson
  • Pfizer Inc.
  • Procter & Gamble
  • Reckitt Benckiser Group PLC
  • Sanofi S.A

    Market Overview:

  • The propelling factors for the growth of the antacids market include the growing geriatric population suffering from GERD, poor lifestyle choices leading to higher incidences of acidity, and side effects of drugs like non-steroidal, anti-inflammatory drugs.
  • The group of people aged 60 years or higher is rising at a rate of approximately 3% every year and 65% of the geriatric population have to deal with acid reflux. This acts as one of the major factors boosting the antacid market globally. There has been an increase in the geriatric population and this is one of the most favorable growth factors for the antacids market as the demographic is highly vulnerable to peptic ulcers and gastroesophageal reflux disorders.
  • In the elderly population, the acidic complications recurrent infrequently, which makes it a unique challenge for both the primary care provider and the gastroenterologist. In addition, such patients often suffer from several symptomatic disorders, such as erosive esophagitis, Barrett esophagus, and esophageal cancer, in which a combination of therapies are used for the treatment and the use of antacids significantly rises in such cases.
  • In addition, there is also growth in e-commerce that is likely to augment the demand for antacids through online retailing channels over the next few years. Therefore, the rising popularity of e-commerce and surge in the number of online medicine providers are expected to positively impact the overall growth of the market.

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    Our Research Report Includes:

    • Antacids Market size & share analysis
    • Top market players along with sales, revenue, and business strategies analysis
    • Antacids Market growth drivers and restraints
    • Market opportunities & challenges
    • Research methodology and impact of Covid-19 on Industry

    Key Market Trends:

    Tablet is the Largest Segment Under Formulation Type that is expected to grow During the Forecast Years

    Tablet has been estimated to be the largest segment due to the presence of chewable tablets in the market with different flavors that help to improve the patient adherence to the medication, which in turn is expected to contribute to the growth of the segment. Tablets also provide the correct amount of dosage to the patients and they are easy to store. These factors can be attributed to the segment growth over the forecast period.

    In addition, the liquid dosage form is also one of the favored choices for children and the elderly population due to its pleasant taste. This factor is also anticipated to propel the market growth.

    Asia-Pacific holds the Fastest Growth and is Expected to follow the Same Trend over the Forecast Period

    Asia-Pacific is expected to be the largest and fastest growing regional segment during the forecast period due to the high unmet clinical needs, availability of effective treatment methods, rising disposable income, and consumer awareness about the availability of these products. In addition, the presence of key players is anticipated to contribute to the market growth over the forecast period.

    Competitive Landscape:

    Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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    Detailed TOC of Antacids Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Growing Geriatric Population Suffering from GERD
    4.2.2 Poor Lifestyle Choices Leading to Higher Incidences of Acidity
    4.2.3 Side Effects of Drugs like Non-Steroidal Anti-Inflammatory Drugs
    4.3 Market Restraints
    4.3.1 Ignorance of People towards Symptoms of Acidity
    4.3.2 Side Effects Related to Antacids like Acid Rebound
    4.3.3 Growing Number of Alternatives in the Market for Antacids
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 By Drug Class
    5.1.1 Proton pump inhibitors
    5.1.2 H2 Antagonist
    5.1.2.1 Interventional/Surgical Simulators
    5.1.3 Acid neutralizers
    5.2 By Formulation Type
    5.2.1 Tablet
    5.2.2 Liquid
    5.2.3 Powder
    5.3 By Distribution Channel
    5.3.1 Hospital Pharmacies
    5.3.2 Retail Pharmacies
    5.3.3 Other Distribution Channels
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 AstraZeneca PLC
    6.1.2 Bayer AG
    6.1.3 Boehringer Ingelheim GmbH
    6.1.4 Dr. Reddy’s Laboratories Ltd
    6.1.5 GlaxoSmithKline PLC
    6.1.6 Johnson & Johnson
    6.1.7 Pfizer Inc.
    6.1.8 Procter & Gamble
    6.1.9 Reckitt Benckiser Group PLC
    6.1.10 Sanofi S.A

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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    Name: Ajay More

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