The gastroesophageal reflux disease therapeutics market size has grown steadily in recent years. It will grow from $5.78 billion in 2023 to $6 billion in 2024 at a compound annual growth rate (CAGR) of 3.8%. The growth observed in the historical period can be ascribed to shifts in lifestyles and dietary habits, an aging population, heightened awareness and diagnosis, prevalent stressful lifestyles, and an increase in obesity rates.
The gastroesophageal reflux disease therapeutics market size is expected to see strong growth in the next few years. It will grow to $7.33 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The anticipated growth in the forecast period is linked to an increased demand for novel therapies, a growing geriatric population, the adoption of personalized medicine approaches, a focus on non-pharmacological interventions, and the emergence of biologics and innovative therapies. Notable trends expected in the forecast period include the exploration of alternative therapies and mind-body practices, expanded research into gut health, the introduction of patient-centric care models, targeted marketing to raise awareness about GERD, and the integration of digital health tools.
The anticipated growth in the gastroesophageal reflux disease therapeutics market is expected to be driven by the prevalence of gastroesophageal reflux disease. This chronic condition, characterized by the backflow of stomach acid into the esophagus, leads to symptoms such as heartburn and regurgitation. Gastroesophageal reflux disease (GERD) therapeutics are designed to reduce and manage these symptoms by neutralizing gut pH, controlling inflammation, and improving esophageal function. For example, a WebMed article in September 2022 reported that over 60 million American adults experience heartburn at least once a month, with more than 15 million experiencing daily symptoms. Additionally, the National Library of Medicine shared statistics in July 2022 indicating GERD's high prevalence of 20% in the United States, causing a significant economic burden and impacting quality of life. Hence, the increasing prevalence of gastroesophageal reflux disease is expected to fuel the growth of the therapeutics market.
The adoption of self-medication is playing a significant role in the continued growth of the gastroesophageal reflux disease therapeutics market. Self-medication involves using drugs or substances to treat a medical condition without consulting a healthcare professional. This practice is beneficial for individuals in identifying and managing trigger foods, handling stress, and quitting smoking, all of which contribute to improving GERD symptoms. A survey conducted in May 2022 by Lippincott Williams & Wilkins, involving 170 participants, revealed that 57.7% practiced self-medication, and 34.7% felt no need to consult a medical practitioner. Therefore, the adoption of self-medication is expected to be a driving factor in the gastroesophageal reflux disease therapeutics market.
Product innovations are a prominent trend gaining traction in the gastroesophageal reflux disease therapeutics market. Key players in the market are strategically focusing on introducing innovative medications to maintain their competitive position. For example, in March 2021, Xiromed LLC, an integrated generic company based in the United States, launched Omeprazole Delayed-Release Capsules, a generic version of Prilosec, designed to treat frequent heartburn associated with gastroesophageal reflux. Omeprazole, a proton pump inhibitor (PPI) medication, is formulated to address stomach and esophageal issues by reducing acid production, alleviating symptoms such as heartburn, difficulty swallowing, and persistent cough. This medication aids in healing acid damage, preventing ulcers, and may reduce the risk of esophageal cancer.
Major companies in the gastroesophageal reflux disease therapeutics market are directing their efforts toward the development of innovative systems, including wireless pH-capsule reflux testing systems. These medical devices are specifically designed for diagnosing and monitoring gastroesophageal reflux disease (GERD) and related conditions. For instance, in April 2023, Laborie Medical Technologies Corp., a U.S.-based medical testing equipment manufacturer, introduced the alpHaONE system, a wireless pH-capsule reflux testing system tailored for GERD diagnosis. Offering up to 96 hours of data monitoring, this system ensures accurate and reliable data. The alpHaONE system features an ergonomic and compact design, user-friendly enlarged buttons, and a fail-safe capsule delivery system designed to protect the patient's esophagus.
In October 2022, Evonik Industries AG, a Germany-based specialty chemicals company, entered into a partnership with Phathom Pharmaceuticals. This collaboration aims to enable Evonik to produce large-scale volumes of vonoprazan at its FDA-inspected manufacturing sites in the United States and Germany. Phathom Pharmaceuticals, a U.S.-based biopharmaceutical company, is dedicated to developing innovative medicines for stomach acid-related disorders, including drugs for gastroesophageal reflux disease.
Major companies operating in the gastroesophageal reflux disease therapeutics market report are Pfizer Inc., Johnson and Johnson, Novartis AG, Sanofi S.A., AstraZeneca PLC, Medtronic PLC, GlaxoSmithKline PLC, Eisai Co. Ltd., Takeda Pharmaceutical Company Limited, bioMerieux SA, Teva Pharmaceutical Industries, Dr. Reddy's Laboratories Ltd., Bruker Corp, Amneal Pharmaceuticals LLC, CHEPLAPHARM Arzneimittel GmbH, Daewoong Pharmaceutical Co. Ltd., Ironwood Pharmaceuticals Inc., Sebela Pharmaceuticals Inc., Camber Pharmaceuticals Inc., Sun Pharmaceutical Industries Ltd., EndoGastric Solutions, RaQualia Pharma Inc., TWi Pharmaceuticals Inc., Astellas Pharma Inc., SFJ Pharmaceuticals Group, Boehringer Ingelheim International GmbH, Cadila Pharmaceuticals Limited, Addex Pharmaceuticals.
North America was the largest region in the gastroesophageal reflux disease therapeutics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gastroesophageal reflux disease therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gastroesophageal reflux disease therapeutics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories of gastroesophageal reflux disease therapeutics include branded and generic medications. Branded medications are those that can only be dispensed with a prescription from a physician or other authorized prescriber, adhering to state or federal regulations. These drugs are employed for the treatment of gastroesophageal reflux disease, aiming to alleviate symptoms and facilitate esophageal healing. Various drug classes, such as antacids, proton pump inhibitors, histamine blockers, pro-kinetic agents, among others, are distributed through diverse channels, including hospital pharmacies, drug stores, general stores, and supermarkets. These therapeutics find applications in conditions such as Crohn’s disease, gastroesophageal reflux disease (GERD), and ulcerative colitis.
The gastroesophageal reflux disease therapeutics market research report is one of a series of new reports that provides gastroesophageal reflux disease therapeutics market statistics, including gastroesophageal reflux disease therapeutics industry global market size, regional shares, competitors with a gastroesophageal reflux disease therapeutics market share, detailed gastroesophageal reflux disease therapeutics market segments, market trends and opportunities, and any further data you may need to thrive in the gastroesophageal reflux disease therapeutics industry. This gastroesophageal reflux disease therapeutics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The gastroesophageal reflux disease (GERD) therapeutics market consists of sales of amino-salicylates (5-ASA), corticosteroids, immunomodulators, antibiotics, biologics, and dopamine receptor antagonist. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The gastroesophageal reflux disease therapeutics market size is expected to see strong growth in the next few years. It will grow to $7.33 billion in 2028 at a compound annual growth rate (CAGR) of 5.1%. The anticipated growth in the forecast period is linked to an increased demand for novel therapies, a growing geriatric population, the adoption of personalized medicine approaches, a focus on non-pharmacological interventions, and the emergence of biologics and innovative therapies. Notable trends expected in the forecast period include the exploration of alternative therapies and mind-body practices, expanded research into gut health, the introduction of patient-centric care models, targeted marketing to raise awareness about GERD, and the integration of digital health tools.
The anticipated growth in the gastroesophageal reflux disease therapeutics market is expected to be driven by the prevalence of gastroesophageal reflux disease. This chronic condition, characterized by the backflow of stomach acid into the esophagus, leads to symptoms such as heartburn and regurgitation. Gastroesophageal reflux disease (GERD) therapeutics are designed to reduce and manage these symptoms by neutralizing gut pH, controlling inflammation, and improving esophageal function. For example, a WebMed article in September 2022 reported that over 60 million American adults experience heartburn at least once a month, with more than 15 million experiencing daily symptoms. Additionally, the National Library of Medicine shared statistics in July 2022 indicating GERD's high prevalence of 20% in the United States, causing a significant economic burden and impacting quality of life. Hence, the increasing prevalence of gastroesophageal reflux disease is expected to fuel the growth of the therapeutics market.
The adoption of self-medication is playing a significant role in the continued growth of the gastroesophageal reflux disease therapeutics market. Self-medication involves using drugs or substances to treat a medical condition without consulting a healthcare professional. This practice is beneficial for individuals in identifying and managing trigger foods, handling stress, and quitting smoking, all of which contribute to improving GERD symptoms. A survey conducted in May 2022 by Lippincott Williams & Wilkins, involving 170 participants, revealed that 57.7% practiced self-medication, and 34.7% felt no need to consult a medical practitioner. Therefore, the adoption of self-medication is expected to be a driving factor in the gastroesophageal reflux disease therapeutics market.
Product innovations are a prominent trend gaining traction in the gastroesophageal reflux disease therapeutics market. Key players in the market are strategically focusing on introducing innovative medications to maintain their competitive position. For example, in March 2021, Xiromed LLC, an integrated generic company based in the United States, launched Omeprazole Delayed-Release Capsules, a generic version of Prilosec, designed to treat frequent heartburn associated with gastroesophageal reflux. Omeprazole, a proton pump inhibitor (PPI) medication, is formulated to address stomach and esophageal issues by reducing acid production, alleviating symptoms such as heartburn, difficulty swallowing, and persistent cough. This medication aids in healing acid damage, preventing ulcers, and may reduce the risk of esophageal cancer.
Major companies in the gastroesophageal reflux disease therapeutics market are directing their efforts toward the development of innovative systems, including wireless pH-capsule reflux testing systems. These medical devices are specifically designed for diagnosing and monitoring gastroesophageal reflux disease (GERD) and related conditions. For instance, in April 2023, Laborie Medical Technologies Corp., a U.S.-based medical testing equipment manufacturer, introduced the alpHaONE system, a wireless pH-capsule reflux testing system tailored for GERD diagnosis. Offering up to 96 hours of data monitoring, this system ensures accurate and reliable data. The alpHaONE system features an ergonomic and compact design, user-friendly enlarged buttons, and a fail-safe capsule delivery system designed to protect the patient's esophagus.
In October 2022, Evonik Industries AG, a Germany-based specialty chemicals company, entered into a partnership with Phathom Pharmaceuticals. This collaboration aims to enable Evonik to produce large-scale volumes of vonoprazan at its FDA-inspected manufacturing sites in the United States and Germany. Phathom Pharmaceuticals, a U.S.-based biopharmaceutical company, is dedicated to developing innovative medicines for stomach acid-related disorders, including drugs for gastroesophageal reflux disease.
Major companies operating in the gastroesophageal reflux disease therapeutics market report are Pfizer Inc., Johnson and Johnson, Novartis AG, Sanofi S.A., AstraZeneca PLC, Medtronic PLC, GlaxoSmithKline PLC, Eisai Co. Ltd., Takeda Pharmaceutical Company Limited, bioMerieux SA, Teva Pharmaceutical Industries, Dr. Reddy's Laboratories Ltd., Bruker Corp, Amneal Pharmaceuticals LLC, CHEPLAPHARM Arzneimittel GmbH, Daewoong Pharmaceutical Co. Ltd., Ironwood Pharmaceuticals Inc., Sebela Pharmaceuticals Inc., Camber Pharmaceuticals Inc., Sun Pharmaceutical Industries Ltd., EndoGastric Solutions, RaQualia Pharma Inc., TWi Pharmaceuticals Inc., Astellas Pharma Inc., SFJ Pharmaceuticals Group, Boehringer Ingelheim International GmbH, Cadila Pharmaceuticals Limited, Addex Pharmaceuticals.
North America was the largest region in the gastroesophageal reflux disease therapeutics market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the gastroesophageal reflux disease therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the gastroesophageal reflux disease therapeutics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary categories of gastroesophageal reflux disease therapeutics include branded and generic medications. Branded medications are those that can only be dispensed with a prescription from a physician or other authorized prescriber, adhering to state or federal regulations. These drugs are employed for the treatment of gastroesophageal reflux disease, aiming to alleviate symptoms and facilitate esophageal healing. Various drug classes, such as antacids, proton pump inhibitors, histamine blockers, pro-kinetic agents, among others, are distributed through diverse channels, including hospital pharmacies, drug stores, general stores, and supermarkets. These therapeutics find applications in conditions such as Crohn’s disease, gastroesophageal reflux disease (GERD), and ulcerative colitis.
The gastroesophageal reflux disease therapeutics market research report is one of a series of new reports that provides gastroesophageal reflux disease therapeutics market statistics, including gastroesophageal reflux disease therapeutics industry global market size, regional shares, competitors with a gastroesophageal reflux disease therapeutics market share, detailed gastroesophageal reflux disease therapeutics market segments, market trends and opportunities, and any further data you may need to thrive in the gastroesophageal reflux disease therapeutics industry. This gastroesophageal reflux disease therapeutics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The gastroesophageal reflux disease (GERD) therapeutics market consists of sales of amino-salicylates (5-ASA), corticosteroids, immunomodulators, antibiotics, biologics, and dopamine receptor antagonist. Values in this market are factory gate values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Gastroesophageal Reflux Disease Therapeutics Market Characteristics3. Gastroesophageal Reflux Disease Therapeutics Market Trends and Strategies32. Global Gastroesophageal Reflux Disease Therapeutics Market Competitive Benchmarking33. Global Gastroesophageal Reflux Disease Therapeutics Market Competitive Dashboard34. Key Mergers and Acquisitions in the Gastroesophageal Reflux Disease Therapeutics Market
4. Gastroesophageal Reflux Disease Therapeutics Market - Macro Economic Scenario
5. Global Gastroesophageal Reflux Disease Therapeutics Market Size and Growth
6. Gastroesophageal Reflux Disease Therapeutics Market Segmentation
7. Gastroesophageal Reflux Disease Therapeutics Market Regional and Country Analysis
8. Asia-Pacific Gastroesophageal Reflux Disease Therapeutics Market
9. China Gastroesophageal Reflux Disease Therapeutics Market
10. India Gastroesophageal Reflux Disease Therapeutics Market
11. Japan Gastroesophageal Reflux Disease Therapeutics Market
12. Australia Gastroesophageal Reflux Disease Therapeutics Market
13. Indonesia Gastroesophageal Reflux Disease Therapeutics Market
14. South Korea Gastroesophageal Reflux Disease Therapeutics Market
15. Western Europe Gastroesophageal Reflux Disease Therapeutics Market
16. UK Gastroesophageal Reflux Disease Therapeutics Market
17. Germany Gastroesophageal Reflux Disease Therapeutics Market
18. France Gastroesophageal Reflux Disease Therapeutics Market
19. Italy Gastroesophageal Reflux Disease Therapeutics Market
20. Spain Gastroesophageal Reflux Disease Therapeutics Market
21. Eastern Europe Gastroesophageal Reflux Disease Therapeutics Market
22. Russia Gastroesophageal Reflux Disease Therapeutics Market
23. North America Gastroesophageal Reflux Disease Therapeutics Market
24. USA Gastroesophageal Reflux Disease Therapeutics Market
25. Canada Gastroesophageal Reflux Disease Therapeutics Market
26. South America Gastroesophageal Reflux Disease Therapeutics Market
27. Brazil Gastroesophageal Reflux Disease Therapeutics Market
28. Middle East Gastroesophageal Reflux Disease Therapeutics Market
29. Africa Gastroesophageal Reflux Disease Therapeutics Market
30. Gastroesophageal Reflux Disease Therapeutics Market Competitive Landscape and Company Profiles
31. Gastroesophageal Reflux Disease Therapeutics Market Other Major and Innovative Companies
35. Gastroesophageal Reflux Disease Therapeutics Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Gastroesophageal Reflux Disease Therapeutics Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on gastroesophageal reflux disease therapeutics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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Where is the largest and fastest growing market for gastroesophageal reflux disease therapeutics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Branded; Generic
2) By Drug Class: Antacids; Proton Pump Inhibitors; Histamine Blockers; Pro-Kinetic Agents; Other Drugs Class
3) By Distribution Channel: Hospital Pharmacy; Drug Stores; General Stores; Supermarkets
4) By Application: Crohn’s Disease; Gastroesophageal Reflux Disease (GERD); Ulcerative Colitis
Key Companies Mentioned: Pfizer Inc.; Johnson and Johnson; Novartis AG; Sanofi S.A.; AstraZeneca plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- Pfizer Inc.
- Johnson and Johnson
- Novartis AG
- Sanofi S.A.
- AstraZeneca plc
- Medtronic PLC
- GlaxoSmithKline plc
- Eisai Co. Ltd.
- Takeda Pharmaceutical Company Limited
- bioMerieux SA
- Teva Pharmaceutical Industries
- Dr. Reddy's Laboratories Ltd.
- Bruker Corp
- Amneal Pharmaceuticals LLC
- CHEPLAPHARM Arzneimittel GmbH
- Daewoong Pharmaceutical Co. Ltd
- Ironwood Pharmaceuticals Inc.
- Sebela Pharmaceuticals Inc.
- Camber Pharmaceuticals Inc.
- Sun Pharmaceutical Industries Ltd.
- EndoGastric Solutions
- RaQualia Pharma Inc
- TWi Pharmaceuticals Inc.
- Astellas Pharma Inc.
- SFJ Pharmaceuticals Group
- Boehringer Ingelheim International GmbH
- Cadila Pharmaceuticals Limited
- Addex Pharmaceuticals.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 175 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 6 Billion |
Forecasted Market Value ( USD | $ 7.33 Billion |
Compound Annual Growth Rate | 5.1% |
Regions Covered | Global |
No. of Companies Mentioned | 28 |