The analysts who are dedicatedly working in the healthcare domain have come up with a new report titled, “Global Antacid Market Report, History and Forecast 2014-2025,” that provides an insight on the revenue details and various trends, restraints, and drivers for the forecasted period, i.e. between 2019 and 2025. The report also provides key information regarding the various top players functioning in the market and also the present and future market status of the global antacid market in the coming years.
As per the report, the global antacid market is likely to attain the value of US$ 6460 Mn by the end of the forecasted period of 2025 from US$ 6120 Mn in the year 2018, expanding at a sluggish CAGR of 0.8% throughout the projected period.
Global Antacid Market: Drivers
Growing geriatric population is one of the key factors that is expected to fuel the growth of the global antacid market in the near future. Changing dietary habits is another factor, which is responsible for the remarkable market growth throughout the assessment period. The increasing popularity of e-commerce sector and rising ratio of various online medicine providers are some of the latest trends that are likely to propel the demand for antacid over the forecasted period.
The increasing trend towards the self-medication due to rising availability of over-the-counter products are creating a positive impact on the growth of the market. The rising prevalence of heartburn and acidity problems amongst the global population is increasing the demand for antacid. The growing awareness of Gastro Esophageal Reflux Diseases (GERD) is expected to thrive the growth of the market in the coming years.
Global Antacid Market: Forecast by Regions
North America market for antacid is expected to grow at a significant rate over the predicted period due to the unhealthy lifestyle of the people. Europe is likely to grab a remarkable market share in the forthcoming years due to the increasing occurrence of Gastro Esophageal Reflux Diseases (GERD). Asia Pacific is also expected to grow at a promising rate due to the rising elderly population during the predicted period.
Global Antacid Market: Forecast by Segmentation
The global antacid market is segmented into product type and end-use industries. Based on the end-use industries the market is segmented into Rx Drug and OTC Drug. On the basis of product type, the market is further segmented into Acid Neutralizers, Proton Pump Inhibitor, and H2 Antagonist.
Global Antacid Market: Leading Manufacturers
Some of the key companies operating in the global antacid market are Reddy's Laboratories, AstraZeneca, CR SANJIU, Takeda Pharmaceutical, Bausch Health, Pfizer, Sanofi, Reckitt Benckiser, Xiuzheng Pharma, Bayer, CONBA, Procter＆Gamble, Johnson＆Johnson, and GlaxoSmithKline.
Global Antacid Market: Competitive Landscape
QY Research provides an easy platform that helps the clients in assessing their competitive value. QY Research not only helps the key players in placing their strategies but also guide them in successfully achieving their targets in an immensely competitive market.
Full Report Overview@ https://www.qyresearch.com/index/detail/1076628/global-antacid-market