“Antacids Market Report 2019-2023” helps the consumer to take business decisions and to understand strategies of major players in the industry. The report also calls for market-determined results deriving feasibility survey for consumer needs. Global Antacids Market Report ensures qualified and verifiable aspects of market data operating in the real-time scenario. The analytical studies are conducted ensuring consumer needs with a complete understanding of market capacities in the real-time scenario.
Top Listed Players in Antacids Market Research Report 2019-2023:
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Antacids market reports provide a comprehensive overview of the worldwide market size and share. Antacids market data reports also provide a 5-year historic, forecast for the sector, and include data on social-economic data of global. Key stakeholders can consider statistics, tables & figures mentioned in this report for strategic planning which lead to success of the organization.
Overview of Antacids Market Report:
Antacids Market Overview
The Antacids Market is expected to grow, at a CAGR of approximately 4.3% during the forecast period. Some of the key drug categories existing in the antacid market include Proton pump inhibitor, H2 antagonist and acid neutralizers. Out of the three drug categories, proton pump inhibitors segment is expected to hold the largest share in global revenue over the forecast period.
Growing Geriatric Population Suffering from GERD Induce a Surge in the Antacids Market
People with ages of 60 years or higher is rising at a rate of approximately 3% every year and 65% of geriatric population have to deal with acid reflux, and this is one of the major factors boosting the antacid market globally. According to World Health Organization 2017, more than USD 10 billion is spent globally every year on antacids. As per World Gastroenterology Organization, the prevalence rate of GERD is growing globally and the prevalence reached approximately 2.5% – 6.6% in South East Asia and almost 13.8% – 25.8% in North America. Along with this other factors such as poor lifestyle choices leading to higher incidences of acidity and side effects of drugs like non-steroidal anti-inflammatory drugs will also contribute to the growth of the antacids market during the forecast period.
Side Effects Related to Antacids and Drug Interactions to Impede the growth of Antacids Market
Antacids often lead to milk alkali syndrome and rebound acidity due to dose dependence. Antacids which consist of aluminum hydroxide may cause constipation, aluminum-intoxication, osteomalacia, and hypophosphatemia. Antacids that contain magnesium have a laxative result which might lead to diarrhea, and in patients suffering from kidney failure, the higher magnesium deposits can create further health complications.
Availability of OTC antacids and their common usage in most of the population using other medications can lead to drug interactions and severe side effects. For instance, antacids when taken with acidic drugs like digoxin, chlorpromazine, etc. lead to the absorption of the drugs, due to which the concentration of the drugs in the blood is very low, which in turn reduces the efficacy of the drugs. Other factors which will affect the market growth include lack of awareness about acidity symptoms and growing number of alternatives in the market for antacids.
Europe to Dominate the Antacids Market
Europe accounted for the largest share in the antacids market in 2017 due to factors such as increasing incidence of gastro esophageal reflux diseases and growing geriatric population. The region being home to some of the key players is also stoking growth of this regional market. Asia Pacific stood as the second-leading market for antacids in 2016. The region is anticipated to clock a high and constant CAGR from 2019 – 2023 to account for the second-leading revenue through this period. China and India are key domestic markets in the region due to improvement of healthcare services.
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Reasons to Purchase the Antacids Market Report
Valuable Points from Antacids Market Research Report 2019-2023:
- A complete background analysis, which includes a valuation of the parental Antacids Market.
- Significant changes in Market dynamics.
- Antacids Market segmentation according to Top Regions.
- Current, Historical, and projected the size of the Antacids Market from the viewpoint of both value and volume.
- Reporting and assessment of recent industry developments.
- Antacids Market shares and strategies of key Manufacturers.
- Emerging Specific segments and regional for Antacids Market.
- An objective valuation of the trajectory of the Market.
- Recommendations to Top Companies for reinforcement their foothold in the market.
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Highlights of the following key factors:
- Business description-A detailed description of the company’s operations and business divisions.
- Corporate strategy –Analyst’s summarization of the company’s business strategy.
- SWOT Analysis-A detailed analysis of the company’s strengths, weakness, opportunities, and threats.
- Company history –Progression of key events associated with the company.
- Major products and services-A list of major products, services, and brands of the company.
- Key competitors –A list of key competitors to the company.
- Important locations and subsidiaries –A list and contact details of key locations and subsidiaries of the company.
- Detailed financial ratios for the past five years –The latest financial ratios derived from the annual financial statements published by the company with 5 years history.
Top Most Regions Covered In Antacids Market Research Report 2019-2023:
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Conclusively, this report will provide you a clear view of each facet of the market without a need to refer to any other research report or a data source. Our report will provide you with all the facts about the past, present, and future of the concerned Market.
Mr. Ajay More
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