Peptic Ulcer Drugs Market: Size, Growth, Regional Analysis, And Market Analysis

Peptic Ulcers:

Peptic Ulcers are a collection of gastrointestinal illnesses that include gastritis, gastric ulcers, duodenal ulcers, and gastroesophageal reflux disease. Drugs that reduce gastric ulcer secretion, such as PPIs and H2 receptor antagonists, and acid neutralization agents, such as antacids and antibiotics against H. pylori infection, are used to treat peptic ulcers. However, for efficient treatment, these medicines are frequently taken in combination. 


Market Analysis:

The Peptic Ulcer Drugs Market is expected to increase exponentially, reaching USD 5.13 billion by 2027, with a CAGR of 2.4 percent between 2020 and 2027. The growing prevalence of peptic ulcers, increasing adoption of peptic ulcer drugs over surgery, R&D stimulation through government policies, an increasing number of generic manufacturers of peptic ulcer drugs, changes in disease management, and other factors are driving the global peptic ulcer drugs market. 


Furthermore, factors such as the rising prevalence of stress-induced ulcers resulting from changing lifestyles and diets, rising smoking rates, and an aging population are expected to propel the worldwide peptic ulcer medications market to greater heights. However, adverse effects of peptic ulcer drugs, low pipeline productivity, and changes in drug pricing rules are expected to stifle future growth in the global peptic ulcer pharmaceuticals market.


Regional Analysis:

In 2019, North America dominated the global Peptic Ulcer Drugs Market. This trend is predicted to continue during the forecast period, accounting for 41.5 percent of the worldwide market in 2020. Increased use of non-steroidal anti-inflammatory medications (NSAIDs) like aspirin and increased awareness of peptic ulcer treatment alternatives are projected to propel the peptic ulcer pharmaceuticals market in the North American region.


Europe has the second-largest share of the Peptic Ulcer Drugs Market, owing to the region's simple availability of effective peptic ulcer treatment alternatives. Shortly, North America is expected to be followed by Europe in gaining a significant proportion of the worldwide market. The industry is expected to rise due to many patents set to expire, allowing generics to enter the market.


Key Players:

Daewoong Pharmaceutical Co., Ltd., Takeda Pharmaceutical Company Limited, Pfizer Inc., Abbott Laboratories, AstraZeneca plc., Cadila Healthcare Ltd., Boehringer Ingelheim GmbH, Eisai Co. Ltd., Yuhan Corporation, and GlaxoSmithKline Plc., among others are the major key players of Peptic Ulcer Drugs Market.

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