According to The Insight Partners market research study of ‘South and Central America Antacids Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by dosage form, drug class, and distribution channel’ the South and Central America Antacids market is expected to reach US$ 792.18 million in 2027 from US$ 615.58 million in 2019. The market is estimated to grow with a CAGR of 3.3% from 2020-2027. The report provides trends prevailing in the South and Central America Antacids market and the factors driving market along with those that act as hindrances.
Based on the dosage form, the antacids market is segmented into tablet, liquid, and others. The tablet segment held the largest share of the market, whereas the liquid segment is expected to register the highest CAGR during the forecast period. The tablet segment’s market growth is expected due to the availability of different types of antacid tablets, easy storage and accurate dosage, the segment is likely to favor the growth of antacid market. The liquid segment is anticipated to register the highest CAGR in the market during the forecast period. The growth of the segment is attributed to growing preference by children and ageing population due to its flavored/palatable taste. Also, presence of major market players such as Procter & Gamble, Pfizer, GSK GROUP and others are offering liquid antacids which is likely to propel the growth of the segment.
The growth of this market is estimated to grow owing to key driving factors such as the rise in prevalence of gastroesophageal reflux disease (GERD) and an increase in prevalence of obesity. However, the market is expected experiencing slow growth during the forecast period owing to the low awareness associated with gastrointestinal disorders in low-income economies.
Bayer AG, GlaxoSmithKline plc, Takeda Pharmaceutical Company Limited, Sun Pharmaceutical Industries Ltd, Sanofi, Boehringer Ingelheim International GmbH, Dr. Reddy's Laboratories, Pfizer Inc, Reckitt Benckiser Group Plc, Procter & Gamble are among the leading companies operating in the South and Central America Antacids market.
The report segments South and Central America Antacids Market as Follows:
By Dosage Form
- Tablet
- Liquid
- Others
By Drug Class
- Proton Pump Inhibitors
- H2 Antagonist
- Acid Neutralizers
- Magaldrate
- Sucralfate
- Others
By Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
By Country
- South and Central America
- Brazil
- Argentina
- Rest of South and Central America
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