The GERD market size will increase by USD 908.49 million; North America will provide 38% of market growth

NEW YORK, January 24, 2023 /PRNewswire/ — The GERD Market by Route of Administration, Type and Geography – Forecast and Analysis 2023-2027 the report was published by Technavio. The market size is expected to grow by 908.49 million US dollars between 2022 and 2027 on a CAGR of 3.4%. The report provides a comprehensive analysis of regional growth opportunities, new product launches, latest trends, and post-pandemic global market recovery. Download a PDF sample report

Regional analysis

By region, the global GERD market is segmented into North America, Europe, Asiaand the rest of the world (ROW). North America will report 38% market growth during the forecast period. Factors such as increasing preference for over-the-counter drugs and self-medication practice among the population are driving the growth of the GERD market in North America. Buy the report

Company profiles

The GERD market report includes information on the key products and recent developments of leading vendors, including:

• Bayer AG – The company offers GERD drugs such as abbott pantoprazole.

• Alkem Laboratoris EOOD – The company offers drugs for GERD such as esokem and omee.

• Apotex Inc. – The company offers GERD drugs such as famotidine.

• AstraZeneca Plc – The company offers GERD drugs such as nexium 20 mg.

Market dynamics

The market is driven by factors such as the growing geriatric population, poor lifestyles, and excessive use of drugs and nutritional supplements. However, the growing preference for CAM of complementary and alternative medicine is hindering the growth of the market.

Competitive analysis

The competitive scenario categorizes companies based on various performance metrics. Some of the factors considered include companies’ financial performance over the past few years, growth strategies, product innovation, new product launches, investments and market share growth, among others. Request a sample

Market segmentation

• By administration, the market is segmented into oral and parenteral. The oral segment accounts for the largest share of the market in 2022.

• By geography, the market is segmented into North America, Europe, Asiaand the rest of the world (ROW). North America hold the largest share of the market in 2022.

The story continues

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• The food market is expected to grow at a CAGR of 4.48% between 2022 and 2027. The market size is expected to increase by $34.79 billion. The growing geriatric population in particular is driving the growth of the market, although factors such as product recalls may hinder the growth of the market.

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What are the key data included in this GERD market report?

• Market CAGR during the forecast period.

• Detailed information on factors that will drive market growth between 2023 and 2027

• An accurate estimate of the GERD market size and its contribution to the parent market.

• Accurate predictions of upcoming trends and changes in consumer behavior.

• Market growth North America, Europe, Asiaand the rest of the world (ROW).

• In-depth analysis of the competitive landscape of the market and detailed information on suppliers.

• A comprehensive analysis of the factors that will drive the growth of vendors in the GERD market.

Contents:

1 Summary

2 Market landscape

3 Sizing the market

4 Historical market size

5 Five Forces Analysis

6 Market segmentation by route of administration

7 Market Segmentation by Type

8 Customer landscape

9 Geographical landscape

10 Drivers, challenges and trends

11 Supplier landscape

12 Supplier Analysis

13 Appendix

About us
Technavio is a leading global technology research and consulting company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 dedicated analysts, Technavio’s report library consists of more than 17,000 reports and growing, covering 800 technologies spanning 50 countries. Their client base consists of businesses of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, in-depth research and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE Technavio