San Francisco, 08 February, Antacids Market Size, Share & Trends
Analysis Report By Dosage Form (Tablet, Liquid), By Distribution Channel
(Retail, Hospital, Online Pharmacy), By Region (APAC, Europe, North America),
And Segment Forecasts, 2019 – 2025.
The global antacid market size is expected to reach USD 7.91 billion by 2025,
according to a new report by Grand View Research, Inc. It is projected to
expand at a CAGR of 3.9% over the forecast period. The trend of self-medication
for occasional heartburn is one of the major factors driving the market.
Growing geriatric population is
expected to positively impact the overall market for antacid. According to the
United Nations Department of Economic And Social Affairs (DESA), the global
elderly population (60 years and above), was around 962 million in 2017. This
number is expected to grow at the fastest rate in Latin America with 71%
increase in population aged 60 and over, followed by Asia with 66%, Africa with
64%, North America with 41%, and Europe with 23%.
Key players operating in
antacid market focus on product enhancement to cater to patient requirements,
such as changing the dosage form into chewable tablets, powder, and jelly.
Also, these players are involved in collaborations and acquisitions to expand
their market presence. For instance, in 2017, Pfizer, Inc. entered into a
strategic agreement with AstraZeneca to acquire one of the antacid brands,
Neksium for a value of INR 75 crores in India to boost its product portfolio.
The easy availability of
antacids over-the-counter offer growth opportunities for the sales of overall
market. Some of the key players areGlaxoSmithKline plc; AstraZeneca; Pfizer,
Inc.; Sun Pharmaceuticals Industries Ltd.; Dr. Reddy’s Laboratories Ltd.; Bayer
AG; Takeda Pharmaceutical Company Limited.
Access Full Research
Report On Antacids
Market Analysis:
Further key findings from the report suggest:
·
In 2017, tablet segment led the
antacid market due to high efficacy compared to other dosage forms. Liquid is
anticipated to be the fastest growing segment due to its palatable taste and
preferred choice for children and elderly population
·
Retail pharmacy led the
distribution channel segment due its accessibility and availability. Online
pharmacy is anticipated to be the fastest growing segment due to growing
adoption of Pharma 3.0 and consumer awareness
·
Asia Pacific is estimated to be
the largest and fastest growing region over the forecast period due to presence
of key players such as GlaxoSmithKline plc; Pfizer Inc.; and Abbott among
others
·
North America held the second
largest market share in 2017 owing to increasing prevalence of different
digestive disorders
·
Some of the key companies
operating in this market are GlaxoSmithKline plc; Bayer AG; Boehringer
Ingelheim International GmbH; Dr. Reddy’s Laboratories Ltd.; Reckitt Benckiser
Group plc; Sun Pharmaceuticals Ltd.; Sanofi; Takeda Pharmaceutical Company
Limited; Pfizer Inc.; and Procter & Gamble.
Browse More Reports Of This Category By
Grand View Research At: https://www.grandviewresearch.com/industry/pharmaceuticals
Grand View Research has segmented the
global antacid market based on dosage form, distribution channel, and region:
Antacid Dosage Form Outlook
(Revenue, USD Million, 2014 - 2025)
·
Tablet
·
Liquid
·
Others
Antacid Distribution Channel
Outlook (Revenue, USD Million, 2014 - 2025)
·
Hospital Pharmacy
·
Retail Pharmacy
·
Online Pharmacy
Antacid Regional Outlook
(Revenue, USD Million, 2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
U.K.
o
Germany
·
Asia Pacific
o
Japan
o
China
o
India
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
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Press Release of this Report: www.grandviewresearch.com/press-release/global-antacids-market
About Grand
View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
For more information: www.grandviewresearch.com/
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