The Demand for Antacids market is huge, the study analyzes each market player encompassed in the market study as per its market share, production footprint, current launches, agreements, ongoing R&D projects, and market strategies. SWOT analysis has been performed in the market study to investigate the strengths, weaknesses, opportunities and threats of each player.
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Proton pump inhibitors (PPIs) are considered as standard antacids for the treatment of gastroesophageal reflux disease (also known as GERD). However, the prolonged use of these drugs—1 year or longer—is found to have an adverse impact on the kidneys and absorption level of vitamin B12. Besides this, high doses of PPIs on a regular basis could increase the risk of spine, wrist, or hip fractures.
As a result, rising awareness regarding the negative impact of PPIs is projected to reflect on the increasing production of H2 antagonist and acid neutralizers, which are emerging as strong alternatives for PPIs in the antacids market. Despite the availability of effective substitutes for PPIs, consumers are looking at natural therapeutics to eliminate any grade of side-effect caused by antibiotics, which has been gaining ground to Ayurveda and Chinese treatments.
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These treatments require cost-effective household ingredients to develop therapeutics, in order to cure acid reflux. Besides, the increasing inclination of consumers towards natural treatments could derail steady sales opportunities for players in the antacids market.
Why Increasing Investments in Gummy and Melt-in-Mouth Formulations is Deemed Lucrative
Convenience is a significant feature leading to an increase in the demand for antacids in the tablet format, which is expected to generate sales tantamount to ~US$ 13 Bn by 2025. Tablets will remain the leading choice of consumers suffering from GERD, on the backdrop of their administered dosage, ease of consumption, and storage convenience. The availability of leading drug classes in the tablet format is further adding sheen to the growing popularity of tablets in the antacids market.
However, as manufacturers strive to reposition their brand identity, antacids in melt-in-mouth micro-granules and gummies are gaining traction. During the forecast period, these formulations are projected to record a marginal rise at a CAGR of ~5% in the antacids market.
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The Antacids market report provides the readers with the below-mentioned insights:
- Key trends, including ecological conservation, patented solutions, and globalization.
- Consumption pattern of each segment of the market in every region.
- Detailed study of the factors (positive and negative) impacting the growth of the global Endobronchial Valves market.
- Critical analysis of R&D activities performed by market players to expand their production footprint across various industries.
- Thorough research of effect of the market across various end use industries.
The Antacids market report gets rid of the following queries:
- Which end use has the highest rate of consumption and why?
- Which regions are the market players targeting to gain a competitive edge?
- What is the growth forecast of the global market in region?
- What is the Y-o-Y growth rate of the global market?
- Which segment will have the maximum share of the global market by the end of year?
And so on…..
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