Research Nester’s recent market research analysis on “Gastroesophageal Reflux Disease Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitor’s analysis and a detailed overview of the global gastroesophageal reflux disease (GERD) market in terms of market segmentation by drug type, route of administration, distribution channel, end-user, and by region.
Growing Concern for the Prevalence of Gastrointestinal Diseases to Promote Global Market Share of Gastroesophageal Reflux Disease (GERD)
The global gastroesophageal reflux disease (GERD) market is estimated to grow majorly on account of the increased adoption of a sedentary lifestyle by the global population which has led to the development of various types of gastrointestinal problems in the global population.
Furthermore, the introduction of GERD management devices and the rising trend of self-medication which is favored by the availability of a huge number of medicinal products are other factors that are estimated to bring favorable opportunities for the growth of the global market during the forecast period.
Some of the major growth factors and challenges that are associated with the growth of the global gastroesophageal reflux disease (GERD) market are:
Growth Drivers:
· Surge in Lifestyle Disorders such as Diabetes, Stress, and Others
· Increase Consumption of Junk and Processed Food
Challenges:
The rising concern for the requirement of hefty amounts during the treatment process along with the unavailability of skilled professionals and low awareness level about GERD among the population are some of the major factors anticipated to hamper the global market size of gastroesophageal reflux disease (GERD).
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By end-use, the global gastroesophageal reflux disease (GERD) market is segmented into hospitals, home care, specialty clinics, and others. The hospital segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period, on the back of the high number of hospitals present across the world with top-notch facilities for the treatment of GERD, gastrointestinal diseases, and other digestive disorders. Furthermore, the high number of patient footfalls in hospitals along with the trust factor associated with the hospitals is attributed to help in segment size expansion.
By region, the North America gastroesophageal reflux disease (GERD) market is to generate the highest revenue by the end of 2035. This growth is anticipated by the rising prevalence of GERD among Americans and the increasing use of GERD therapies. In addition, the United States government is initiating various programs to educate and spread awareness about GERD and other gastrointestinal problems, which is estimated to contribute positively to market growth. Moreover, the presence of a strong healthcare system and the availability of skilled doctors in the region are also estimated to drive market growth during the forecast period.
The Europe gastroesophageal reflux disease market is also projected to show noteworthy growth by 2035. The suitable initiatives started by the European government for GERD treatment and the rapid boom in the healthcare system are attributed to contributing positively towards market growth in the upcoming future. Furthermore, the rising focus on digestive health is estimated to impetus a significant revenue generation.
This report also provides the existing competitive scenario of some of the key players of the global gastroesophageal reflux disease (GERD) market which includes company profiling of BD (Becton, Dickinson, and Company), Gerreshelmer AG, Baxter, Nemara, Kindeva Drug Delivery, West Pharmaceutical Services Inc., Ypsomed, Medtronic, E3D Elcam Drug Delivery Devices, AstraZeneca, Merck KGaA, and others.
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