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Global Antacids Market 2021 is expected to register a CAGR of 4.3%, during forecast period with Impact of Covid 19 Analysis

Antacids

Global “Antacids Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Antacids in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Antacids Market report categorizes the market based on manufacturers, regions, type, and application. Antacids Market reports offer a detailed assessment of the Antacids including enabling technologies, current market situation, market assumptions, restraining factors.

The Global Antacids market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.

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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 2018 – 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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The global Antacids market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.

Antacids Market Report covers the Top Key-players in 2021:-

  • AstraZeneca
  • Bayer AG
  • Boehringer Ingelheim GmbH
  • Dr. Reddy’s Laboratories Ltd.
  • GlaxoSmithKline PLC
  • Johnson & Johnson
  • Pfizer Inc.
  • Procter & Gamble
  • Reckitt Benckiser Group PLC
  • Sanofi
  • Sun Pharmaceuticals Ltd
  • Takeda Pharmaceutical
  • and Valeant Pharmaceuticals International
  • Inc. among others

Highlighted points of Antacids Market Size:

  • Covers the varying market dynamics of the industry.
  • In-depth analysis of market risks, opportunities, limitations, and growth of the market.
  • Includes market driving and restraining factors.
  • Participants profiles along with product description, overview, and business data.
  • Include details of five years of forecast analysis by types, regions, and applications.

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This Antacids Market Research/analysis Report Contains Answers to your following Questions

  • Which Manufacturing Technology is Used for Antacids? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
  • Who Are the Global Key Players in This Antacids Market? What’s Their Company Profile, Their Product Information, Contact Information?
  • What Was Global Market Status of Antacids Market? What Was Capacity, Production Value, Cost and PROFIT of Antacids Market?
  • What Is Current Market Status of Antacids Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Antacids Market by Taking Applications and Types in Consideration?
  • What Are Projections of Global Antacids Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
  • What Is Antacids Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
  • What Is Economic Impact On Antacids Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
  • What Are Market Dynamics of Antacids Market? What Are Challenges and Opportunities?
  • What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Antacids Industry?

Key Developments in the Antacids Market: in the Antacids Market:

  • Jun 2018: German chemical and pharmaceutical giant Bayer completed the $63 billion mega-deal acquiring the US based biotech major Monsanto.
  • Jan 2017: FDA approved Teva’s generic version of AstraZeneca’s Nexium. The US Food and Drug Administration said it approved Teva Pharmaceutical Industries Ltd’s generic version of AstraZeneca Plc’s blockbuster heartburn drug Nexium, the agency’s first such approval for the drug.
  • Sep 2017: Lannett Co. Inc. received Food and Drug Administration approval to market a generic version of delayed-release Nexium in 20- and 40-milligram dosages

    Reasons to Purchase the Antacids Market Report

  • Current and future Antacids Market outlook in the developed and emerging markets
  • Analysis of various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness the fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the market estimation sheet (in Excel)

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    Finally, the report Global Antacids Market 2021 describes the Antacids industry expansion game plan, the Antacids industry knowledge supply, appendix, analysis findings, and the conclusion.

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