Peptic ulcer refers to the group of gastrointestinal disorders such as gastritis, gastric ulcers, and Duodenal ulcers or gastroesophageal reflux disease (GERD). Drugs used for the treatment of peptic ulcers include those that reduce gastric ulcer secretion, such as PPI and H2 receptor antagonists, and acid neutralization agents such as antacids and antibiotics against H. pylori infection. However, these drugs are often used in combination for effective treatment.
Peptic Ulcer Drugs Market Trends
Factors driving the growth of the global peptic ulcer drugs market include growing prevalence of peptic ulcers, increasing adoption of peptic ulcer drugs over surgery, R&D stimulation through government policies, increasing number of generic manufacturers of peptic ulcer drugs, changes in disease management, etc. Furthermore, factors such as growing prevalence of stress-induced ulcers due to changing lifestyle and diet, increasing smoking rate, and progressive population of geriatrics are anticipated to promote the expansion of the global peptic ulcer drugs market size over the forecast period of 2020 to 2030. However, the side effects of peptic ulcer drugs, poor pipeline productivity, and changes in pricing policies of drugs are factors expected to hamper the growth of the global peptic ulcer drugs market over the coming years.
Regional Analysis of Peptic Ulcer Drugs Market
North America led the global peptic ulcer drugs market share in 2019, and this trend is projected to continue over the forecast period too, with the region expected to hold a share of 41.5% of the global market in 2020. Surge in the use of non-steroidal anti-inflammatory drugs (NSAIDs) such as aspirin and growing awareness regarding the treatment options for peptic ulcers are factors expected to drive the growth of the peptic ulcer drugs market in the North American region. The peptic ulcer drugs market in Europe accounts for the second-largest share, primarily due to easy availability of successful treatment options for peptic ulcers in the region.
Peptic Ulcer Drugs Market Competition
Top players in the global peptic ulcer drugs market covered in this report 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 Plc., among others.
COVID-19 Impact on Peptic Ulcer Drugs Market
The most unprecedented operational and economic challenges have emerged owing to the ongoing COVID-19 pandemic - an acute respiratory distress syndrome caused by the novel coronavirus. In addition, a significant period of time is required for the development and commercialization of effective treatment options for this new pathogen of COVID-19. These collective challenges of infection transmission and treatment are estimated to delay the diagnosis and treatment of GI-disease in the coming quarters of 2020 and 2021. Reduced physician and hospital visits for non-essential health issues due to the prioritization of COVID-19 treatment will impede market growth.
The peptic ulcer drugs market is expected to recover to pre-pandemic market demand in 2021, owing to the availability of COVID-19 vaccinations. This will reflect in terms of the recovery of developed and emerging economies from the COVID-19 pandemic. In addition, local governments are prioritizing healthcare resources to tackle COVID-19 challenges, which is also expected to slow down the progress of the peptic ulcer drugs market in the short term.
Growth of the global peptic ulcer drugs market will be led by the North America region throughout the forecast period of 2020 to 2030, followed by Europe and East Asia. Stakeholders in the peptic ulcer drugs market space can look to these regions for increased profits and growing their market share. Overall, the global market is set to expand 1.3X over the next ten years.
Peptic Ulcer Drugs Market - Scope of the Report
Persistence Market Research (PMR) recently published a market study on the global peptic ulcer drugs market. The study provides detailed assessment of key market dynamics, including the drivers, trends, opportunities restraints, and detailed information about the peptic ulcer drugs market structure. The market study presents exclusive information about how the peptic ulcer drugs market will grow during the forecast period (2020-2030).
Key indicators of market growth, which include Year-on-Year (Y-o-Y) growth of the market and compound annual growth rate (CAGR) are explained in PMR’s study in a comprehensive manner. Other information includes definitions, drivers, and opportunity analysis by region and by product, which helps in the deep understanding of the market segment details by researchers, suppliers, manufactures, and distributors. This information can help readers understand the quantitative growth prospects of the peptic ulcer drugs market during the forecast period.
The study is relevant for manufacturers, physicians, suppliers, distributors, and investors, and can help them in developing appropriate strategies to grow in the market. Business researchers, shareholders, and industry experts can leverage the information and data presented in PMR’s study.
The study also includes statistics as well as facts related to the macroeconomics factors that are impacting developments in the peptic ulcer drugs market. It also offers actionable insights based on the future trends in the peptic ulcer drugs market. Furthermore, small businesses and new entrants in the peptic ulcer drugs market too can make use of the information presented in this study, based on which, they can make appropriate business decisions in order to gain momentum in the market.
Key Segments of Peptic Ulcer Drugs Market
PMR’s study on the peptic ulcer drugs market offers information divided into four important segments—product, indication, distribution channel, and region. This report offers comprehensive data and information about the important market dynamics and growth parameters associated with these categories.
Questions Answered in PMR’s Peptic Ulcer Drugs Market Report
Peptic Ulcer Drugs Market: Research Methodology
In PMR’s study, a unique research methodology is utilized to conduct extensive research on the growth of the peptic ulcer drugs market, and reach conclusions on the future growth parameters of the market. This research methodology is a combination of primary and secondary research, which helps analysts ensure accuracy and reliability of the conclusions.
Secondary resources referred to by analysts during the production of the peptic ulcer drugs market study include statistics from government healthcare organizations, medicines journals, research journals, press releases, annual reports, white papers, directories, and databases. Analysts have interviewed senior managers, product portfolio managers, CEOs, VPs, marketing/product managers, and market intelligence managers, who contributed to the development of this report as a primary resource.
Comprehensive information acquired from primary and secondary resources acts as validation from companies in the peptic ulcer drugs market, and makes PMR’s projections on the growth prospects of the peptic ulcer drugs market more accurate and reliable.