The antacid market is expected to reach US$ 11,666.83 million in 2027 from US$ 8,547.97 million in 2019. The market is estimated to grow with a CAGR of 4.0% from 2020-2027.
The class of drugs that neutralize the acid in the stomach are known as antacids. It is used to treat conditions like heartburn, indigestion, acidity and an upset stomach. These drugs are available over the counter and are usually consumed by mouth. They are available in tablets, capsules, liquid and powder form. There are different types of antacid available like aluminium hydroxide, magnesium carbonate, magnesium trisilicate, magnesium hydroxide, calcium carbonate, and sodium bicarbonate. The global antacid market growth is mainly attributed to factors such as increasing prevalence of GERD, and rising prevalence of obesity. However, low awareness associated with gastrointestinal disorders in low-income economies is restricting the Antacid market growth.
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Some of the companies competing in the Antacid market are
Takeda Pharmaceutical Company Limited
Sun Pharmaceutical Industries Ltd
Boehringer Ingelheim International GmbH
Dr. Reddy’s Laboratories
Reckitt Benckiser Group Plc
Procter & Gamble
Global Antacid Market – by Dosage Form
Global Antacid Market – by Drug Class
Proton pump inhibitors
Global Antacid Market – by Distribution Channel
Gastroesophageal reflux disease (GERD), a digestive disorder that affects the ring of muscle between esophagus and stomach, is a chronic and highly prevalent disorder. As per the report ‘Update on the epidemiology of gastro-esophageal reflux disease: a systematic review’ published in 2014, the prevalence of GERD is 18.1–27.8% in North America, 2.5–7.8% in East Asia, 8.8–25.9% in Europe, 8.7–33.1% in the Middle East, 11.6% in Australia, and 23.0% in South America.
Regional / Country Antacid Market: North America, Europe, Asia Pacific, Middle East and Africa, Latin America
The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2021–2028? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Antacid market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Antacid market?
4. What are the prominent market trends influencing the development of the Antacid market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Antacid market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?
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