Global Gastroesophageal Reflux Diseases Therapeutic cover

Gastroesophageal Reflux Diseases Therapeutic Market by Drug Types (Antacids, Proton Pump Inhibitors, H2 Receptor Blockers, and Pro-Kinetic Agents) and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

  • Report ID: HC-2322
  • Author: Growth Market Reports
  • Rating: 4.9
  • Total Reviews: 4
  • No. Of Pages: 195
  • Format:
  • Pub. Date: Upcoming
  • Share:

The global gastroesophageal reflux disease therapeutics market size was valued at USD 4.36 billion in 2020 and is estimated to expand at a moderate CAGR during the forecast period, 2021-2028. The growth of the market is attributed to the wide prevalence of GERD due to change in the lifestyle of the people and increasing awareness regarding the disease.

Global Gastroesophageal Reflux Diseases Therapeutic summary

Gastroesophageal reflux disease is a digestive disease that irritates the lining of food pipe due to stomach acid also known as bile. This is a chronic disorder that irritates the food pipe lining when stomach acid flows into the food pipelining. GERD is indicated when heartburn and acid reflux occurs more than twice a week. The most common symptom of GERD is burning chest pain that occurs after eating and this condition worsens when the individual lies down. The temporary solutions for the disease are over-the-counter medications and changes in lifestyle; however, specific cases may require medications that are stronger.
As per the reports published by the World Health Organization (WHO) in 2017, nearly USD 10 billion were spent on antacids every year. A report by the World Gastroenterology Organization also suggests that the global cases of GERD are increasing rapidly. Acid complications are quite frequent in the elderly population that proves to be quite challenging for gastroenterologists and primary care providers. Moreover, the market is expected to grow due to the increasing number of companies for the treatment of acid reflux disorders.

Market Trends, Drivers, Restraints, and Opportunities

  • Development of several generic molecules and drugs are expected to fuel the market growth during the forecast period.
  • Increase in the number of companies working towards the price reduction of the drugs along with alteration of the government focus to promote consumer accessibility is expected to propel the market growth in the coming years.
  • Confined acknowledgment to devices for the disease management has added an increase in the demand for acid-neutralizing drugs. This is expected to boost the growth of the market during the forecast period.
  • Expiration of patents for blockbuster drugs is anticipated to act as a restraining factor of the market during the forecast period.
  • Establishment of advanced therapeutic facilities across the globe and favorable process of reimbursement policies present key opportunities for the market expansion.

Scope of the Report

The report on the global gastroesophageal reflux disease therapeutics market includes an assessment of the market, trends, and segments. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Gastroesophageal Reflux Disease Therapeutics Market – Global Industry Analysis, Growth, Share, Size, Trends, And Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Drug Types (Antacids, Proton Pump Inhibitors, H2 Receptor Blockers, and Pro-Kinetic Agents)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

RaQualia Pharma, Inc.; AstraZeneca PLC; GlaxoSmithKline PLC; Daewoong Pharmaceutical Co., Ltd.; Takeda Pharmaceutical Co., Ltd.; Johnson & Johnson; Eisai Co., Ltd.; SRS Pharmaceuticals Pvt. Ltd.; Ironwood Pharmaceuticals, Inc.; and SFJ Pharmaceuticals

Market Segment Insights

Antacids segment is expected to dominate the market

On the basis of drug types, the global gastroesophageal reflux disease therapeutics market is divided into antacids, proton pump inhibitors, H2 receptor blockers, and pro-kinetic agents. The antacids segment held a major share of the market in 2019 and is expected to dominate the market in the coming years. The segment growth is attributed to easily available of the drugs in various forms including syrups, powders, and tablets, and provides immediate relief from infrequent and mild symptoms by neutralizing gastric acid secretions. Meanwhile, the proton pump inhibitors segment is projected to account for a key market share during the targeted period owing to the wide recommendation of the medication and is commonly prescribed by professionals for heartburn treatment.

Global Gastroesophageal Reflux Diseases Therapeutic types

Asia Pacific is anticipated to grow at a rapid pace

In terms of regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America held a high share of the market in 2019 and is anticipated to account for a large market share during the projected period owing to increasing number of people experiencing symptoms of the GERD and increasing number of clinical visits by the geriatric population due to acid reflux and heartburn. However, the market in Asia Pacific is anticipated to grow at a rapid pace due to rising cases of obesity, change in lifestyle, and increasing geriatric population in the region.

Global Gastroesophageal Reflux Diseases Therapeutic region

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Gastroesophageal Reflux Diseases Therapeutic Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Gastroesophageal Reflux Diseases Therapeutic Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Gastroesophageal Reflux Diseases Therapeutic Market - Supply Chain
  4.5. Global Gastroesophageal Reflux Diseases Therapeutic Market Forecast
     4.5.1. Gastroesophageal Reflux Diseases Therapeutic Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Gastroesophageal Reflux Diseases Therapeutic Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Gastroesophageal Reflux Diseases Therapeutic Market Absolute $ Opportunity
5. Global Gastroesophageal Reflux Diseases Therapeutic Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Gastroesophageal Reflux Diseases Therapeutic Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Gastroesophageal Reflux Diseases Therapeutic Demand Share Forecast, 2019-2026
6. North America Gastroesophageal Reflux Diseases Therapeutic Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Gastroesophageal Reflux Diseases Therapeutic Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Gastroesophageal Reflux Diseases Therapeutic Demand Share Forecast, 2019-2026
7. Latin America Gastroesophageal Reflux Diseases Therapeutic Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Gastroesophageal Reflux Diseases Therapeutic Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Gastroesophageal Reflux Diseases Therapeutic Demand Share Forecast, 2019-2026
8. Europe Gastroesophageal Reflux Diseases Therapeutic Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Gastroesophageal Reflux Diseases Therapeutic Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Gastroesophageal Reflux Diseases Therapeutic Demand Share Forecast, 2019-2026
9. Asia Pacific Gastroesophageal Reflux Diseases Therapeutic Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Gastroesophageal Reflux Diseases Therapeutic Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Gastroesophageal Reflux Diseases Therapeutic Demand Share Forecast, 2019-2026
10. Middle East & Africa Gastroesophageal Reflux Diseases Therapeutic Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Gastroesophageal Reflux Diseases Therapeutic Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Gastroesophageal Reflux Diseases Therapeutic Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Gastroesophageal Reflux Diseases Therapeutic Market: Market Share Analysis
  11.2. Gastroesophageal Reflux Diseases Therapeutic Distributors and Customers
  11.3. Gastroesophageal Reflux Diseases Therapeutic Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. RaQualia Pharma, Inc.
     11.4.2. AstraZeneca PLC
     11.4.3. GlaxoSmithKline PLC
     11.4.4. Daewoong Pharmaceutical Co., Ltd.
     11.4.5. Takeda Pharmaceutical Co., Ltd.
     11.4.6. Johnson & Johnson
     11.4.7. Eisai Co., Ltd.

Segments Covered in the Report

The global gastroesophageal reflux disease therapeutics market has been segmented on the basis of

Drug Types

  • Antacids
  • Proton Pump Inhibitors
  • H2 Receptor Blockers
  • Pro-Kinetic Agents

Regions

  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa

Key Players

  • RaQualia Pharma, Inc.
  • AstraZeneca PLC
  • GlaxoSmithKline PLC
  • Daewoong Pharmaceutical Co., Ltd.
  • Takeda Pharmaceutical Co., Ltd.
  • Johnson & Johnson
  • Eisai Co., Ltd.
  • SRS Pharmaceuticals Pvt. Ltd.
  • Ironwood Pharmaceuticals, Inc.
  • SFJ Pharmaceuticals

Key players competing in the global gastroesophageal reflux disease therapeutics market are RaQualia Pharma, Inc.; AstraZeneca PLC; GlaxoSmithKline PLC; Daewoong Pharmaceutical Co., Ltd.; Takeda Pharmaceutical Co., Ltd.; Johnson & Johnson; Eisai Co., Ltd.; SRS Pharmaceuticals Pvt. Ltd.; Ironwood Pharmaceuticals, Inc.; and SFJ Pharmaceuticals.

Many of these players have adopted business strategies such as the launch of new products, the advancement of technology, mergers, partnerships, and production capacity expansion to increase their market position and expand their consumer base globally. For instance, RaQualia Pharma, Inc. and Ironwood Pharmaceuticals, Inc. are extensively focused on developing new generic molecules to expand their business operations.

Global Gastroesophageal Reflux Diseases Therapeutic keyplayers

Buy Report