Antacids Market - By Drug Class (Proton Pump Inhibitors, Acid Neutralizers, Anti-H. Pyloric Drugs), Indication (Gastroesophageal Reflux Disease, Heartburn, Gastritis), Dosage, Route of Administration, Distribution Channel – Global Forecast (2024 – 2032)
Report ID: GMI9703
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Published Date: May 2024
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Report Format: PDF
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Base Year: 2023
Companies covered: 15
Tables & Figures: 353
Countries covered: 23
Pages: 281
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Antacids Market
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Antacids Market Size
Antacids market size was valued at around USD 7.1 billion in 2023 and is estimated to grow at 5.1% CAGR from 2024 to 2032. Antacids are medications used to neutralize stomach acid, providing relief from symptoms such as heartburn, indigestion, and acid reflux. These over-the-counter (OTC) drugs or prescription drugs work by reacting with gastric acid to form salts and water, thereby raising the pH level in the stomach and reducing acidity.
The rising prevalence of gastrointestinal disorders such as peptic ulcers, gastritis, gastroesophageal reflux disease, serves as a significant driving factor for the market. For instance, according to the National Institutes of Health (NIH), the global prevalence of peptic ulcer disease surged from approximately 6,434,103 cases to 8,090,476 cases in 2019, globally. This underscores the pressing need for effective treatments and symptomatic relief, fueling the demand for antacid medications and driving growth in the market.
Furthermore, dietary and lifestyle changes, increased awareness and self-medication, and pharmaceutical advancements, are the promoting factors advancing the growth of the market.
Antacids Market Trends
In the dynamic realm of gastrointestinal health management, the integration of dietary and lifestyle modifications alongside the use of antacids emerges as a pivotal strategy for achieving comprehensive symptom relief and long-term wellness. As individuals increasingly seek holistic approaches to address digestive discomfort and optimize overall health, the synergy between dietary adjustments, lifestyle changes, and pharmacological interventions becomes ever more significant.
Antacids Market Analysis
Based on drug class, the market is classified into proton pump inhibitors, acid neutralizers, anti-H.Pyloric drugs, H2 antagonists, pro-motility agents, prostaglandin analogous, and other drug class. The proton pump inhibitors segment is estimated to account for USD 3.5 billion by 2032.
Based on indication, the antacids market is divided into gastroesophageal reflux disease, heartburn, indigestion, gastritis, peptic ulcer disease and other indication. The gastroesophageal reflux disease segment accounted for USD 2.2 billion in 2023.
Based on dosage, the antacids market is classified into tablets, liquid, and other dosages. The tablets segment is estimated to account for USD 6.4 billion by 2032.
Based on route of administration, the antacids market is segmented into oral and injectable. The oral segment held a market share of 81.8% in the year 2023.
Based on distribution channel, the antacids market is segmented into hospital pharmacy, online pharmacy, and retail pharmacy. The hospital pharmacy segment accounted for USD 2.2 billion in 2023.
The U.S. antacids market is anticipated to grow at CAGR of 4.8% during the analysis timeframe.
Germany antacids market is anticipated to witness lucrative growth between 2024 – 2032.
Japan antacids market is expected to grow significantly over the years.
Saudi Arabia antacids market is anticipated to witness lucrative growth between 2024 – 2032.
Antacids Market Share
The antacids industry is highly competitive, marked by several players striving for market dominance. Providers offer comprehensive storage and analysis with improved efficiency and affordability. This includes advancements in processing, precision, automation, and customization. Competition is driven by factors such as the quality, reliability, and ease of usage along with integration capabilities with existing technologies, and compliance with regulatory standards. Strategic partnerships with companies and healthcare networks play a crucial role in market positioning.
Antacids Market Companies
Some of the eminent market participants operating in the antacids industry include:
Antacids Industry News:
The antacids market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million from 2021 – 2032 for the following segments:
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Market, By Drug Class
Market, By Indication
Market, By Dosage
Market, By Route of Administration
Market, By Distribution Channel
The above information is provided for the following regions and countries: