| Antacid Market Set for Noteworthy Growth by 2032 |
Prevalence of GERD and peptic ulcers is mostly driven by the aging population as well as harmful lifestyle choices such as smoking, drinking alcohol, and following a poor diet. Need for antacids is rising as a result of this. A further factor driving revenue growth of the market is patients’ rising awareness of the safety and efficacy of antacids. The desire for Over-the-Counter (OTC) antacids is a another factor driving revenue growth of the antacid market. Consumers favor over-the-counter antacids since these antacids are simple to find, inexpensive, and convenient. In addition, revenue growth of the market is driven by rising use of e-commerce sites for the purchase of over-the-counter antacids.
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Moreover, the demand for antacids is propelled by the increasing prevalence of acid reflux in pregnant women. Hormonal changes during pregnancy can lead to the relaxation of the lower esophageal sphincter, resulting in acid reflux. Many women opt for antacids to alleviate the symptoms of acid reflux, considering them safe for use throughout pregnancy. Additionally, the market’s revenue growth is influenced by the availability of various antacid formulations in tablet, liquid, and powder forms. Manufacturers are introducing novel and innovative products to cater to evolving consumer preferences. For instance, chewable antacid tablets are gaining popularity among customers due to their simplicity and rapid action.
In the pharmaceutical and healthcare sectors, significant transformations are occurring. The increasing availability of cell and gene therapies is providing patients with treatments for diseases that were once considered incurable. The integration of machine learning and artificial intelligence (AI) technologies is facilitating more inventive, quicker, and cost-effective therapy development. Leveraging data-driven initiatives benefits various aspects of the healthcare ecosystem, including manufacturing and the supply chain. There is a noticeable shift in consumer attitudes and behaviors, encompassing increased reliance on technology and data sharing, along with a willingness to use tools for making prescriptions and treatment decisions. Consequently, the pharmaceutical and healthcare markets are expected to experience growth in the coming years due to these transformative factors.
Key Players covered in this report are
GlaxoSmithKline plc
Johnson & Johnson
Novartis AG
Bayer AG
Procter & Gamble Co.
Sanofi S.A.
Perrigo Company plc
Reckitt Benckiser Group plc
Church & Dwight Co. Inc.
Sun Pharmaceutical Industries Ltd.
Segments Covered in the Report:
By Product Type Outlook
Tablets
Liquid
Chews
By Distribution Channel Outlook
Pharmacies
Supermarkets/Hypermarkets
Online
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Based on Region market is segmented into:
North America
Europe
Asia-Pacific
South America
Middle East & Africa
Major Points covered in this report are as below:
An analysis of Antacid industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
This report provides information on the market status of Antacid manufacturers and provides valuable insight into the market for companies and individuals.
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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