The Global Antacids Market size was valued at USD 8255.13 million in 2018 and is projected to expand at a CAGR of 3.8% over the forecast period 2020-2026. Changing dietary habits is one of the major factors expected to fuel the growth.
Antacids neutralize acids in the stomach, and belong to a class of medicines. It contains ingredients such as calcium, aluminum, and sodium bicarbonate to neutralize stomach acid and enable the pH at a higher neutral level. The major uses of antacids is to relieve the symptoms of Gastro Esophageal Reflux Diseases (GERD), indigestion or heartburn. Apart from medical conditions, antacids can also be used in cases such as aluminum antacids, calcium carbonate antacids and magnesium oxide antacids.
Major differences between antacids is their formulation and contained ingredients. The ingredients may occur with a difference in proportion and medications. Antacids occur as liquids and tablets and may provide relief in people suffering from reflux. Some antacid products may contain simethicone that helps people suffering from bloating.
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Market Trends, Drivers and Opportunities:
Rising incidences of GERD is anticipated to pump the market growth. In addition, growing awareness is also instrumental in shaping the market growth. Rise in geriatric population with heartburn problems and gastrointestinal issues is expected to affect the overall market in the forecast period. In addition, rise in hospital cases for reflux and heartburn cases also contributes to the demand market.
Development of generic antacids is more likely to create a niche market. Consumer demand for fast relief antacids is also responsible for creating lucrative opportunities within the market. In addition, health awareness campaigns for geriatric patients encourages them to consult with physicians to look for effective remedies.
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Competitive Landscape:
The key players in the antacids market are AstraZeneca, Valeant Pharmaceuticals, Boehringer Ingelheim GmbH, GlaxoSmithkline Plc, Sun Pharmaceuticals Ltd, Procter & Gamble, Dr., Reddy’s Laboratories Ltd, Johnson & Johnson, Reckitt Benckiser Group Plc, and Takeda Pharmaceutical Co Ltd.
Segments Covered in This Report:
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Table of Content:
Chapter 1 Methodology and Scope
1.1 Research Methodology
1.2 Research Scope And Assumptions
1.3 List Of Tables
Chapter 2 Executive Summary
2.1 Market Summary
Chapter 3 Market Variables, Trends & Scope
3.1 Market Segmentation
Chapter 4 Market Definitions
Chapter 5 Industry Outlook
5.1 Market Variable Analysis
5.1.1 Increasing Prevelance Of Gastro Esophageal Reflux Diseases (GERD)
5.1.2 Growing Geriatric Population
5.1.3 Increasing Prevalence Of Heartburn
5.2 Market Restraint Analysis
5.2.1 Growing Number Of Alternatives In The Market For Antacids
Continued…..
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