Global Magaldrate Market is expected to grow at a significant CAGR in the upcoming years as the scope, product types and its applications are increasing across the globe. Magaldrate is a compound formed out of aluminum and magnesium hydroxides, also termed as antacid. Magaldrate is used to treat an upset stomach, hiatal hernia, digestive disorders, duodenal and gastric ulcers, gastroesophageal reflux, esophagitis, and ulcers. Furthermore, Magaldrate gets converted in gastric acid to Mg(OH)2 and Al(OH)3, which gets absorbed poorly and thus offers a constant antacid effect. The factors that propel the growth of the Magaldrate Market include increasing demand due to changing standard of living, increase in abdominal disorders, sedentary lifestyle and awareness among people.
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Magaldrate Industry is categorized based on product type, applications, and geography. Magaldrate Market is categorized based on product types such as Powder, Suspension. Magaldrate Market is categorized based on application into Gastric duodenal and gastric ulcers and Esophagitis from gastroesophageal reflux
Magaldrate Market is categorized based on geography into Asia Pacific (China, India, ASEAN, Australia & New Zealand), Japan, Middle East and Africa (GCC countries, S. Africa, Rest Of MEA), North America (U.S., Canada), Latin America (Brazil, Rest of Latin America), Western Europe (Germany, Italy, France, England, Spain, Rest of Western Europe), and Eastern Europe (Poland, Russia, Rest of Eastern Europe).
North America has been at the forefront with regards to Magaldrate Market and will continue to rule the roost in the years to come. Some of the key players that fuel the growth of the market include Seagull Pharma Group, Taurus Chemicals, Priti Industries, KRISH CHEMICALS, Nitika Chemical, Wellona Pharma, PAR DRUGS & CHEMICALS, SRL Pharma, Vasundhara Rasayan Limited, Meha Chemicals. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
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