The global gastroesophageal reflux drugs market is anticipated to grow at a CAGR of 2.8 % during the forecast period (2022-2028). Gastroesophageal reflux disease (GERD) is a digestive disorder that occurs when stomach contents such as acid, food, and fluids reflux into the esophagus. The rising prevalence of gastroesophageal reflux disease and changing lifestyle, as well as increased knowledge about GERD, are driving the growth of the gastroesophageal reflux disease market during the forecast period. Shifts in diet toward fattier foods, increasing rates of obesity, and, interestingly enough, rigorous ulcer therapy have been driving the growth of the market during the forecast period.
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The rising incidence of heartburn will demand acid-reducing drugs which will benefit the gastroesophageal reflux drugs market during the forecast period. For instance, Prilosec, also known as omeprazole, is a proton pump inhibitor, which limits the amount of food-digesting acid produced by the cells in patient’s stomach lining. It alleviates heartburn. Additionally, self-medication is becoming more popular, and more people are becoming aware of the disease, therefore there will be a demand for GERD drugs.
An increase in the geriatric population is another factor propelling the market growth during the forecast period. The weakening of muscles is one of the reasons. Internal muscles, such as arms and legs, weaken as age increases. The lower esophageal sphincter (LES) is a muscle that connects the stomach to the esophagus and is responsible for heartburn and GERD.
On the basis of drug class, proton pump inhibitors are expected to contribute to the market growth during the forecast period as they are widely recommended medicine for acid reflux treatment.
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Competitive Landscape-
Johnson & Johnson, GlaxoSmithKline plc, Takeda Pharmaceutical Co. Ltd., SRS Life Sciences, and Pfizer Inc., among others.
By Drug Class
- Antacids
- Proton Pump Inhibitors
- H2 Receptor Blocker
- Dopamine Receptor Antagonist
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Scope of the Report
The research study analyzes the Global Gastroesophageal Reflux Drugs industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Global Gastroesophageal Reflux Drugs Market Report
1. What was the Global Gastroesophageal Reflux Drugs Market size in 2019 and 2021; what are the estimated growth trends and market forecast (2022-2028).
- What will be the CAGR of Global Gastroesophageal Reflux Drugs Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Global Gastroesophageal Reflux Drugs Market was the market leader in 2021?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the Global Gastroesophageal Reflux Drugs market.
- The market share of the Global Gastroesophageal Reflux Drugs market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the Global Gastroesophageal Reflux Drugs market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the Global Gastroesophageal Reflux Drugs market.
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