Report ID: UCMIG35I2145
Report ID:
UCMIG35I2145 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The antacids market experienced significant growth in recent years, with a valuation of USD 5.83 billion in 2017. This positive trend is anticipated to continue, as the market is projected to expand at a compound annual growth rate (CAGR) of 3.9% throughout the forecast period. The changing dietary habits of individuals worldwide are considered a crucial driver behind this growth, as they contribute to increased incidences of digestive issues, creating a higher demand for antacids to alleviate symptoms and promote digestive health.
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.
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Report ID: UCMIG35I2145