Antacids Market: Proton Pump Inhibitors Acquire Dominant Share in Overall Market

Sedentary and Stressed Lifestyle Necessitates Demand for Antacids

According to the data revealed by the Population Reference Bureau (PRB), the genarian population across the world is expected to reach 16% from 9%  in 2018. As these people are more susceptible to weak digestion and stomach related issues due to low immunity, they are the important consumers of antacids. With the advancement in medical technology, there has been a rise in life expectancy in people, which leads to an increased number of the elderly population. Based on WHO statistics, the global life expectancy in 2016 was 72 years average, with 74.2 years in women and 69.8 years in men. Owing to improvement in sanitation, vaccination, and so on, the number of mid and early-life mortality is foreseen to decrease to a large extent. This fortifies the usage of antacids by the elderly population, stimulating the demand in global antacids market.

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Besides this, the consumption of antacids has also increased due to a number of people relying on ready-to-eat foods due to a busy lifestyle. In addition, consumption of junk food which has certain preservatives responsible for disturbing the digestion, and chemicals triggering heartburn is another factor that encouraged Transparency market Research to come up with a report on antacids market. Lack of physical activities leading to obesity and chronic gastrointestinal disorders are additionally fortifying the motive behind presenting this report for the clients and investors for detailed analysis. The report highlights all the leading factors and trends in antacids market, along with certain drawbacks which should be considered before investment. It also unveils the important market figures depicting the current and upcoming market scenario.

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Researchers Working on Developing More Instantly Effective and Long Lasting Antacids

Around two decades ago, proton pump inhibitors (PPIs) were among the most preferred drugs to treat patients suffering from chronic acidity. But, these agents still lacked the efficiency to treat acidity completely, as they did not possess accuracy in several aspects. Earlier, the PPIs, named (lansoprazole, omeprazole, and pantoprazole worked well for showing immediate relief from stomach-related issues. However, they were inefficient in treating acid-related issues for a long time. The advanced proton pump inhibitors drugs, esomeprazole, and rabeprazole, are more reliable and effective. These are known to have a greater and long-lasting effect during evening after 5 days of administration.. These new antacid drugs with PPI agents have several advantages in managing gastro-esophageal reflux disease (GERD). In addition, growing awareness about these disorders is adding to the demand in antacids market.

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Proton pump inhibitors accounted for a whopping 66.4% revenue in 2016, leading the global antacids market. The consistent growth in revenue is expected to sustain its dominance in the coming years as well, owing to several developments coming its way. Looking at this, the global antacids market is prognosticated to expand at a CAGR of 4.1% during the forecast period from 2017 to 2025. In market was valued around worth of US$9,050 mn in 2016, which is likely to reach around US$12,857.3 mn. Looking at the figures, the players willing to invest as well as the existing ones are likely to have a huge scope of growth in the coming years. With an amount ~US$3,806.7 mn the global antacids market is expected to provide a significant incremental value for the key players in the market.

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Reliability on Digestive Remedies Due to Low Physical Activity to Uplift Market Growth

Some of the leading factors responsible for the rising consumption of antacids are leisure habits, sedentary lifestyle, poor diets, obesity, and increasing stress in daily life. These aspects are known to have a detrimental effect on the digestive system and its functioning. Because of this, the consumers are relying on several digestive remedies, such as antacids. Additionally, there has been a major shift ] from prescribed drug to OTC drugs, in the pharmaceutical sector. Thus, the antacid drugs can be purchased over-the-counter, and are available at affordable price in various flavors. Some of the OTC drugs are Gelusil, Alka-Seltzer, and Pepto-Bismol. According to a study, the global antacids market grows by US$10 bn every years. The rising prevalence of GERD, heartburn, and acidity since a while, there is a growth in North America from 18% to 28%, among which 25% are adults complaining for acidity and heartburns regularly.

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