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The Peptic Ulcer Drugs Market To Be Consistent In The Next 10 Years

May 26th, 2021 Persistence Market Research Releases

The healthcare vertical is being driven at the consumers’ pace like never before. In other words, the requirements and goals on their part are driving innovation in every arm of the healthcare vertical. On-demand interactions between clinicians and patients all over the world are being asked for. As such, the healthcare vertical is bound to witness higher strides in the next 10 years. The Peptic Ulcer Drugs Market is all set to incorporate the ongoing as well as future trend.

Surge in the consumption of NSAIDs due to growing prevalence of inflammatory diseases is the major factor driving the growth of the global peptic ulcer drugs market. Other trends driving growth include increasing adoption of peptic ulcer drugs over surgery, changes in disease management, prevalence of stress ulcers due to higher smoking rates, availability of affordable therapy due to improvements in the service sector, and increasing awareness toward disease management through government campaigns. However, chronic side-effects associated with the long-term use of peptic ulcer drugs is a factor hampering the growth of the global peptic ulcer drugs market to some extent.

As per PMR analysis, the global peptic ulcer drugs market is set for steady growth over the next ten years, to be valued at US$ 47.7 Bn by 2030-end.

Get Sample Copy of Report @ https://www.persistencemarketresearch.com/samples/3704

Companies covered in Peptic Ulcer Drugs Market Report

  • Pfizer Inc.
  • Abbvie Inc.
  • GlaxoSmithKline plc.
  • AstraZeneca plc
  • Boehringer Ingelheim GmbH
  • Daewoong Pharmaceutical Co., Ltd.
  • Takeda Pharmaceutical
  • Eisai Co. Ltd.
  • Cadila Healthcare Ltd.
  • Yuhan Corporation

Get To Know Methodology of Report @ https://www.persistencemarketresearch.com/methodology/3704

Key Takeaways from Peptic Ulcer Drugs Market Study

  • By product, the proton pump inhibitors segment was the largest revenue generating segment in the historical years. However, revenue from the potassium-competitive acid blockers segment is expected to expand rapidly, owing to the introduction of new P-CAB drugs in the market.
  • Based on indication, the gastric ulcers segment is anticipated to expand at the highest CAGR of3% over the forecast period.
  • On the basis of distribution channel, the hospital pharmacies segment led the global peptic ulcer drugs market, and is expected to remain the leading segment ahead too. Increasing hospitalization rates due to ulcer complications are expected to be the primary factor fuelling revenue growth of the segment over the forecast period.
  • North America holds the largest share in the global peptic ulcer drugs market, followed by Europe and East Asia.
  • Due to the worldwide COVID-19 outbreak, physician and hospital visits for non-essential treatment have reduced considerably, putting breaks on the progress of the peptic ulcer drugs market space.

“Increasing NSAID consumption is the major boosting factor for the growth of the global peptic ulcer drugs market,” says a PMR analyst.

Access Full Report @ https://www.persistencemarketresearch.com/checkout/3704

Peptic Ulcer Drugs Market: Competition Analysis

Key players operating in the global peptic ulcer drugs market are 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 Pharmaceuticals Ltd. These companies are primarily focusing on strategies such as co-promotions and co-marketing of their brands to penetrate the fastest-growing emerging markets across the world.

What Else is in the Report?

Persistence Market Research offers a unique perspective and actionable insights on the peptic ulcer drugs market in its latest study, presenting historical demand assessment of 2015–2019 and projections for 2020–2030. Research of this report has been done based segmentation into product, indication, and distribution channel, across seven key regions of the world.

Explore Extensive Coverage of Persistence Market Research’s Healthcare Industry

Related Reports:

Animal Healthcare Market:

According to a report published by Persistence Market Research (PMR), the global animal healthcare market is expected to witness a CAGR of 4.8% from 2017 to 2025.

Healthcare Information Systems Market:

Aging population and rising healthcare costs globally are playing a major role in increasing the demand for healthcare information systems. As a result, the market for healthcare information systems is expected to grow at a CAGR of about 7.1% during 2013 – 2019.

Orthopedic Trauma Devices Market:

The global orthopedic trauma devices market was valued at USD 5.7 billion in 2013 and is expected to grow at a CAGR of 7.2% from 2014 to 2020, to reach an estimated value of USD 9.4 billion in 2020.

About Us:

Persistence Market Research is here to provide companies a one-stop solution with regards to bettering customer experience. It does engage in gathering appropriate feedback after getting through personalized customer interactions for adding value to customers’ experience by acting as the “missing” link between “customer relationships” and “business outcomes’. The best possible returns are assured therein.

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