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This industry research report identifies AstraZeneca, Daewoong Pharmaceuticals, Eisai, and Takeda Pharmaceutical as the key vendors in the global peptic ulcer drugs market. This industry research report also presents a competitive analysis of the market by drug class (Proton pump inhibitors (PPIs) and Antibiotics) and by geography (the Americas, APAC, and EMEA.
According to the peptic ulcer drugs industry analysis, the global peptic ulcer drugs market will grow steadily at a CAGR of close to 3% by 2021. This market research analysis identifies the overuse of over-the-counter (OTC) anti-inflammatory drugs which will drive the peptic ulcer drugs market growth. The long-term use of the non-steroidal anti-inflammatory drug (NSAIDs) can cause dysregulation of defense mechanism that aids in the protection of gastric mucosal membrane, thereby leading to the formation of ulcers. Hence, the overuse of anti-inflammatory drugs increases the risk of formation of peptic ulcers, which, in turn, increases the demand for more peptic ulcer medication.
The rise in the awareness about peptic ulcers in individuals is one of the emerging trends in the global peptic ulcer drugs market in the coming years. The public health programs led by government organizations to raise awareness among people about the disease have been increased. For instance, the Centres for Disease Control and Prevention (CDC) released a public service announcement to educate the common people about the disease, its causes, and treatment options.
The peptic ulcer drugs market is a fragmented market with the presence of large players. The players in the market compete based on factors such as the geographical presence, stable supply chain logistics, patent expiry, and new approvals of already established/expired drugs for additional indications. Additionally, it has also been noted that the patent expiry is expected to pose a challenge to the players during the forecast period.
The leading vendors in the market are
The other prominent vendors in the market include GlaxoSmithKline and Pfizer.
During 2016, the PPIs segment accounted for the major shares of this market. The market is growing due to high efficacy of these drugs to heal ulcers by reducing acid secretion, inflammation, and pain caused because of ulceration. Additionally, the therapeutic benefits of PPIs along with their agonizing effect as a conjunct with antibiotics is likely to increase the demand for these drugs, thereby driving the market growth.
This market study estimates that in terms of geographic regions, the Americas will be the major revenue contributor to the market by 2021. This is due to the rising prevalence of peptic ulcer disease in this region, coupled with the availability of improved diagnostics that help in early detection of symptoms, thereby increasing patient pool seeking treatment.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
PART 05: Peptic ulcers: Disease overview
PART 06: Key clinical trials
PART 07: Market landscape
PART 08: Market segmentation by drug class
PART 09: Geographical segmentation
PART 10: Decision framework
PART 11: Drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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