Overview of the Antacid Market
The market for antacids is considered as part of the fast-growing section within the pharmaceutical industry, mainly fueled by the rising prevalence of gastrointestinal disorders and an up-surging demand for over-the-counter drugs. Antacids refer to a kind of medicinal drugs that neutralize stomach acid and thus help treat heartburn, acid reflux, and similar disorders.
The global antacid market was recorded at US$ 8,547.97 million in 2019 and estimated to reach a value of about US$ 11,666.83 million by 2027, reflecting a record annual growth rate of 4.0% CAGR during 2020–2027.
