Product ID: UCMIG35I2149
Gastroesophageal Reflux Disease Therapeutics Market Size, Share, Growth Analysis, By Drug Type(Antacids, H2 Receptor Blockers), By Regional(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG35I2149 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Gastroesophageal Reflux Disease Therapeutics Market Insights
Market Overview:
In 2022, the global gastroesophageal reflux disease (GERD) therapeutics market reached an estimated value of USD 5.18 billion. Over the forecast period from 2023 to 2030, it is anticipated to witness a compound annual growth rate (CAGR) of 1.76%. This steady growth is driven by various factors, including the increasing prevalence of GERD worldwide, rising awareness about the condition among patients and Health Care professionals, and the development of advanced therapeutic options. Additionally, lifestyle changes, such as unhealthy dietary habits and sedentary lifestyles, are contributing to the rising incidence of GERD, further fueling the demand for effective therapeutics. As a result, the global GERD therapeutics market is projected to continue expanding in the coming years.
Gastroesophageal Reflux Disease Therapeutics Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Gastroesophageal Reflux Disease Therapeutics Market Report Snapshots
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