Antacids Market Insights:
The Antacids Market size was valued at USD 16.65 Billion in 2022, expecting a CAGR of 4.23% during the forecast period (2023-2030), and the market is projected to be worth USD 23.19 Billion by 2030.
The increased adoption of Antacids in the Pharmaceuticals industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Antacids also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Antacids in many sectors also boosts the market growth during the forecast period.
The Antacids market refers to the global market for drugs and products used to relieve symptoms of acid reflux, heartburn, and indigestion. Antacids work by neutralizing stomach acid and are available over-the-counter in a variety of forms, including tablets, liquids, and chewable tablets. Antacids contain active ingredients such as aluminum hydroxide, magnesium hydroxide, calcium carbonate, and sodium bicarbonate
Antacids Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Type (Sodium Antacids, Calcium Antacids, Magnesium Antacids Aluminium Antacids, Others), By Dosage Form (Tablet, Powder, Others), By Distribution Channel (Hospital Pharmacies, E-Commerce, Others), and companies (Pfizer Inc, F. Hoffmann-La Roche Ltd, Mylan N.V., Fresenius Kabi AG, Hikma Pharmaceuticals PLC, Novartis AG, Teva Pharmaceutical Industries Ltd., Bristol Myers Squibb Company, GSK Plc., Bayer AG, Sun Pharmaceutical Industries Ltd, Lupin, Cipla Inc, Aurobindo Pharma), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 4.23%, over the forecast period of 2023–2030.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||23.19 Billion|
|By Type||Sodium Antacids, Calcium Antacids, Magnesium Antacids Aluminium Antacids, Others|
|By Dosage Form||Tablet, Powder, Others|
|By Distribution Channel||Hospital Pharmacies, E-Commerce, Others|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Pfizer Inc, F. Hoffmann-La Roche Ltd, Mylan N.V., Fresenius Kabi AG, Hikma Pharmaceuticals PLC, Novartis AG, Teva Pharmaceutical Industries Ltd., Bristol Myers Squibb Company, GSK Plc., Bayer AG, Sun Pharmaceutical Industries Ltd, Lupin, Cipla Inc, Aurobindo Pharma|
The COVID-19 pandemic has had a substantial negative influence on the Antacids market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Pfizer Inc, F. Hoffmann-La Roche Ltd, Mylan N.V., Fresenius Kabi AG, Hikma Pharmaceuticals PLC, Novartis AG, Teva Pharmaceutical Industries Ltd., Bristol Myers Squibb Company, GSK Plc., Bayer AG, Sun Pharmaceutical Industries Ltd, Lupin, Cipla Inc, Aurobindo Pharma
Market Segment Analysis:
- Sodium Antacids
- Calcium Antacids
- Magnesium Antacids Aluminium Antacids
By Dosage Form
By Distribution Channel
- Hospital Pharmacies
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2022, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Antacids industries in the region.
Key Antacids Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Antacids Market segments.
– Largest Market Share Held by Industry to Industry for Antacids
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Antacids Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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