Gastroesophageal Reflux Disease (GERD) Therapeutics Market Size, Share 2021 Global Industry Demand, Estimation by 2025 with Top Players Gastroesophageal Reflux Disease (GERD) Therapeutics Market Report provides in-depth analysis of industry by production, share, size, Demand, Proposition, Development, Opportunities, Growth, Economic Trends, Technologies Research, Segmentation, Key Futuristic, Investment Feasibility, Major Key Players, SWOT analysis and Forecast.
The global Gastroesophageal Reflux Disease (GERD) Therapeutics Market size was valued at USD 5.66 billion in 2016 and by is estimated to be USD 4.34 billion by 2025, it is anticipated to observe a decrease in its revenue at a negative CAGR of -2.9%. Expiration of patented blockbuster drugs, which are indicated for the management of disorders of acid reflux is major restraining factors for this market. With strong clinical pipelines and patent litigations, the market continues to experience significant changes. Proton pump inhibitors (PPI) and antagonists of histamine H2 receptor have the importance in current scenario of the market.
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/gastroesophageal-reflux-disease-gerdtherapeutics-market
Upon loss of patent protection of formerly leading branded drugs, generic molecules with low-price can ingest the sales of the branded ones up to 90%. Rising number of companies being exposed to price scrutiny associated with shift in the focus of government on the promotion of consumer convenience will stimulate further reduction of drug prices. Although market turnover is affected by the expiration of major patents and
the demand of drugs used to reduce acid, due to the increasing prevalence of heartburn, is anticipated to increase in the upcoming years. The devices of GERD serves as a substitute for management of heartburn, because of low rate of success and failure in clinical trials. Hence, very limited acceptance of devices of GERD management contribute for the rising demand of drugs having acid neutralizing property, as the major therapy approach. Nevertheless, the advent of devices which are minimally invasive to address anatomical defects are gaining popularity coupled with supportive evidence from clinical data for performing various procedures including trans oral fundoplication, which helps in preventing reflux of non-acid and acid contents. The adoption of these devices have been further reinforced in the U.S. in 2016 with the advent of a CPT code (43210) which helps in facilitating reimbursement process.
Request Sample Copy of this Market Research @ https://www.millioninsights.com/industry-reports/gastroesophageal-reflux-disease-gerdtherapeutics-market/request-sample In 2016, market was dominated by the antacids segment and is anticipated to keep its top position over the forecast period. Most preferred first-line therapy for infrequent and mild symptoms is antacids, as the therapy neutralize the secretion of gastric acid immediately. Convenient OTC (over-the-counter) accessibility various forms such as syrups, powders and tablets is accountable for the extreme adoption. Moreover, the AHFS (American Hospital Formulary services), amongst other countries, enlisted over 120 preparations too advocate. In 2016, the second largest segment was found to be PPIs as it is the most common medication prescription type for the diseases such as heartburn. Generics inflow leading to the loss of exclusiveness of popular drugs, including Prilosec and Nexium, is estimated to negatively affect the sales of branded versions. A further decrease is appearing more with the expected expiration of other patented drugs, such as Dexilant. Regional Insights In 2016, the largest region was found to be North America in terms of share for GERD market. Every year, GERD symptoms are experienced by more than 80 million people in the U.S., of which, approximately 25 million patients suffer from acid reflux and heartburn daily and approximately 60 million patients monthly. Table Of Contents 1 2 3 4
Gastroesophageal Reflux Disease (GERD) Therapeutics Overview Global Gastroesophageal Reflux Disease (GERD) Therapeutics Application Estimates & Trend Analysis Global Gastroesophageal Reflux Disease (GERD) Therapeutics Size and Growth Prospects Global Gastroesophageal Reflux Disease (GERD) Therapeutics Analysis by Region
5 6 7 8
Global Gastroesophageal Reflux Disease (GERD) Therapeutics Analysis by Type Global Gastroesophageal Reflux Disease (GERD) Therapeutics Analysis by Application Global Gastroesophageal Reflux Disease (GERD) Therapeutics Manufacturers Analysis Global Gastroesophageal Reflux Disease (GERD) Therapeutics Technology and Development Trends
Browse Full Research Report @ https://www.millioninsights.com/industry-reports/gastroesophageal-reflux-disease-gerdtherapeutics-market
Get in touch At Million Insights, we work with the aim to reach the highest levels of customer satisfaction. Our representatives strive to understand diverse client requirements and cater to the same with the most innovative and functional solutions.
Contact Person: Ryan Manuel
Research Support Specialist, USA Email: ryan@millioninsights.com
Global Headquarters Million Insights Felton Office Plaza 6265 Highway 9 Felton, California 95018, United States Phone: 1-408-610-2300 Email: sales@millioninsights.com
Asia Pacific Million Insights Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar, Pune, MH, 411016 India Phone: 91-20-65300184