Gastroesophageal Reflux Disease Therapeutics Market Research Report 2023 | InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Gastroesophageal Reflux Disease Therapeutics Market Size, Share & Trends Analysis Report By Drug Type (Antacids, H2 Receptor Blockers, Proton Pump Inhibitors (PPIs), and Pro-kinetic agents)- Market Outlook And Industry Analysis 2031"

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The global Gastroesophageal Reflux Disease Therapeutics market is estimated to reach over USD 6.06 billion by 2031, exhibiting a CAGR of 1.58% during the forecast period.?

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The market is anticipated to increase throughout the analysis period due to the rising prevalence of gastric reflux illnesses, changing lifestyles, and rising awareness of GERD. For instance, according to the National Library of Medicine's article "Gastroesophageal Reflux Disease," which was updated in July 2022, GERD is one of the most common chronic gastrointestinal conditions that affects about 20% of people in western culture and is identified by the regurgitation of gastric contents into the esophagus. Consequently, this widespread problem within the target group is anticipated to raise awareness of the illness, resulting in its treatment and diagnosis. As a result, it is expected to fuel market expansion over the forecast period.

Moreover, the market players' development initiatives, such as product launches, acquisitions, mergers, and investments, are anticipated to accelerate market expansion. One such instance is the new heartburn and reflux center that Medical City Frisco opened in October 2021, making it the only facility in Collin and Dallas counties. The Heartburn & Reflux Center offers minimally invasive robotic and laparoscopic treatment options for gastroesophageal reflux disease (GERD) and oesophageal disorders, including transoral incisionless fundoplication (TIF). The market is anticipated to expand in the future as a result of these developments.

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List of Prominent Players in the Gastroesophageal Reflux Disease Therapeutics Market:

·?????? 阿斯利康 ;

·?????? AUROBINDO PHARMA LTD Limited

·?????? Cadila Pharmaceuticals Limited

·?????? Camber Pharmaceuticals Inc .

·?????? CHEPLAPHARM Arzneimittel GmbH

·?????? Daewoong Pharmaceutical Co., Ltd

·?????? 卫材 Co. Ltd.

·?????? EndoStim, Inc.

·?????? 荷商葛蘭素史克藥廠 PLC

·?????? Ironwood Pharmaceuticals , Inc.;

·?????? Jeil Pharmaceutical Co.,Ltd. Co., Ltd.

·?????? 强生公司 Services, Inc.

·?????? 诺华 AG

·?????? Phathom Pharmaceuticals Inc.

·?????? 利洁时 Group PLC

·?????? Sebela Pharmaceuticals Inc.

·?????? SFJ Pharmaceuticals, Inc. Group

·?????? SRS Life Sciences Pte Ltd

·?????? DUC PHONG MATERIALS IMPORT EXPORT COMPANY LIMITED

·?????? TakedaPharmaceutical Nordics AB

·?????? Teva Pharmaceuticals Industries Limited

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Market Dynamics:

Drivers-

TIF (transoral incisionless fundoplication) is used to treat GERD. TIF can lead to a shorter treatment period, less pain, and a quicker recovery than laparoscopic surgery. Using a specific TIF device, a path is created for an endoscope, a flexible, tube-like imaging instrument. Using preloaded tweezers and fasteners, the procedure enables the doctor to fix or replace the valve, a natural barrier to reflux. Clinical trials are currently being carried out to evaluate the effectiveness of endoscopic therapy for GERD. To strengthen the anti-reflux barrier, stitches are inserted into the stomach using an endoscopic sewing machine. As a result of the previous comments, the market is anticipated to lead throughout the forecast period.

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Challenges:

Even though everything is working in the market's favour, there are certain inescapable limitations, including patient mortality and a lackluster treatment pipeline. Due to the abundance of treatments available on the market for treating symptoms, there is the fierce rivalry.

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Regional Trends:

North America is expected to expand and take the lead throughout the projection period. The United States is leading the market among other nations in the region because of things like rising healthcare spending, expanding research and technological advancements, and rising rates of gastroesophageal reflux disease (GERD). Moreover, the main factor driving the US GERD market is the growing elderly population across the nation.

A surgical procedure named a laparoscopic Nissen fundoplication is used to treat GERD. With GERD becoming more common, surgery is becoming more necessary. GERD is a widespread disorder affecting many people today, albeit more prevalent in western nations, particularly the United States. According to a Nissen Fundoplication article that appeared in the National Library of Medicine in July 2022, GERD is the condition with the highest prevalence in the country, affecting 18.1% to 27.8% of people. Given the disease's significant prevalence there, it is expected that the presence and development of cutting-edge and potent medications will be necessary for the nation. Driving the nation's market growth in the process.

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Recent Developments:

·??????In June 2022, The Food and Drug Administration (FDA) permitted Zydus Lifesciences to market Famotidine tablets in strengths of 20mg and 40mg. Famotidine is a histamine H2 receptor blocker that functions by reducing stomach acid. The medication also prevents and treats heartburn and other acid indigestion symptoms.

Segmentation of Gastroesophageal Reflux Disease Therapeutics Market-

By Drug Type-

·??????Antacids

·??????H2 Receptor Blockers

·??????Proton Pump Inhibitors (PPIs)

·??????Pro-kinetic agents

By Region-

North America-

·??????The US

·??????Canada

·??????Mexico

Europe-

·??????Germany

·??????The UK

·??????France

·??????Italy

·??????Spain

·??????Rest of Europe

Asia-Pacific-

·??????China

·??????Japan

·??????India

·??????South Korea

·??????South East Asia

·??????Rest of Asia Pacific

Latin America-

·??????Brazil

·??????Argentina

·??????Rest of Latin America

?Middle East & Africa-

·??????GCC Countries

·??????South Africa

·??????Rest of Middle East and Africa

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