A new Report by Delvens, titled "Antacids Market” offers a comprehensive analysis of the industry, which comprises insights on the Global analysis. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The Antacids market size was estimated at USD 7.3 billion in 2023 and is projected to reach USD 10.30 billion in 2030 at a CAGR of 5.04% during the forecast to 2030.
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Antacids are over-the-counter medications commonly used to alleviate symptoms of heartburn, acid reflux, and indigestion. They work by neutralizing excess stomach acid, which can cause discomfort and irritation in the oesophagus and stomach.
Antacids contain compounds such as aluminium hydroxide, magnesium hydroxide, calcium carbonate, or sodium bicarbonate, which react with stomach acid to form water and salt, thereby reducing acidity. They provide relatively rapid relief from symptoms like burning sensation in the chest or throat. However, it’s important to note that antacids are not a long-term solution for chronic conditions like gastroesophageal reflux disease (GERD) or ulcers.
The prominent players in the Antacids market are
· Aurobindo Pharma
· Bayer AG
· Boehringer Ingelheim International GmbH
· Bristol Myers Squibb Company
· Cipla Inc
· Dr. Reddy’s Laboratories Ltd.
· F. Hoffmann-La Roche Ltd
· Fresenius Kabi AG
· GSK Plc.
· Hikma Pharmaceuticals PLC
· Lupin
· Mylan N.V.
· Novartis AG
· Pfizer Inc
· Procter & Gamble
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The Antacids market is expected to grow during the forecast period. This growth can be attributed to various factors. Firstly, acid reflux disease is a common condition that causes heartburn and other symptoms. The prevalence of acid reflux disease is increasing which is driving the demand for antacids. Moreover, there is an increasing awareness of good oral health.
Key Findings of Antacids Market:
· Based on type, the market is segmented into sodium antacids, calcium antacids, magnesium antacids aluminium antacids, others. Sodium antacids dominated the market in the segment. This is because sodium antacids are the most common type of antacid. They work by neutralizing stomach acid. Sodium antacids include Tums, Rolaids, and Maalox.
· Based on indication, the market is bifurcated into gastroesophageal reflux disease, heartburn, indigestion, others. Heartburn dominated the market in this segment as it is the most common indication for antacids. It is caused by the stomach acid backing up into the oesophagus. Antacids work by neutralizing stomach acid, which can help to relieve heartburn.
· Based on dosage form, the market is segmented into tablets, liquid, others. The presence of a variety of chewable tablets in the market with different flavours that help to improve patient adherence to the medication is expected to contribute to the growth of the segment.
· Based on end users, the market is segmented into hospitals, homecare, speciality centres, others. Hospitals dominated the market in this segment. This is due to the fact that they are the primary providers of care for patients who are being treated for acid reflux disease or other conditions that require antacids.
· Based on distribution channel, the market is segmented into hospital pharmacy, online pharmacy, retail pharmacy. Retail pharmacies dominated the market in this segment as they sell over-the-counter (OTC) antacids, as well as prescription antacids.
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In addition to the market data for the Antacids Market, Delvens offers client-centric reports customized according to the company’s specific demand and requirements.
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