The global demand for Gastroesophageal Reflux Disease Therapeutics Market is presumed to reach the market size of nearly USD 12.45 BN by 2030 from USD 7.8 BN in 2022 with a CAGR of 6.02% under the study period 2023 - 2030.
Gastroesophageal reflux disease therapeutics device (GERD) provides an alternate method for treating heartburn. It is essentially a condition wherein the lower esophageal sphincter (LES) relaxes or fails to function effectively, allowing stomach liquids to reflux back into the oesophagus, thus, causing heartburn. Stress, hiatal hernia, abdominal obesity, and smoking are all risk factors for GERD. These devices are advantageous as they provide an option for minimally invasive surgery to address inherent anatomical deformities. They are slowly gaining ground with evolving supportive medical proofs for machines to carry out the treatment. However, their biggest disadvantage is that they still need to be clinically proven.
Market Dynamics
Major factors such as the rising prevalence of gastrointestinal reflux diseases, changing lifestyles, and increasing awareness are expected to fuel the gastroesophageal reflux disease therapeutics market. Further, using these devices for minimally invasive procedures is steadily gaining traction with growing supportive clinical evidence. This will help perform procedures, such as transoral fundoplication, which prevent acid and non-acid contents' reflux. On the downside, the market may experience a decline due to the patent expiration of popular medications used to treat acid reflux diseases. Nonetheless, the gastroesophageal reflux disease therapeutics market is set to expand in the future years as heartburn prevalence increases globally.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of gastroesophageal reflux disease therapeutics. The growth and trends of gastroesophageal reflux disease therapeutics industry provide a holistic approach to this study.
Market Segmentation
This section of the gastroesophageal reflux disease therapeutics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Drug Type
- Antacids
- H2 Receptor Blockers
- Proton Pump Inhibitors (PPIs)
- Pro-Kinetic Agents
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Gastroesophageal Reflux Disease Therapeutics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Gastroesophageal Reflux Disease Therapeutics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the gastroesophageal reflux disease therapeutics market include AstraZeneca PLC, Eisai Co., Ltd., GlaxoSmithKline PLC, Takeda Pharmaceutical Co. Ltd., and Johnson & Johnson. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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