Kenneth Research recently added a report on ‘Esomeprazole Sodium Industry Market’ in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Esomeprazole Sodium Industry Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter’s five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
The U.S. Market recovers fast; In a release on May 4th, 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Esomeprazole Sodium Industry Market products.
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“Esomeprazole sodium is a proton pump inhibitor that reduces the amount of acid produced in the stomach. It is used to relieve symptoms associated with gastroesophageal reflux disease (GERD) and other diseases involving hyperacidity. GERD usually occurs when stomach acid frequently flows into the tube connecting the mouth and stomach (esophagus). In most cases associated with GERD, people often experience acid reflux. GERD is mild acid reflux, which occurs at least twice a week, and moderate to severe acid reflux occurs at least once a week.
The discomfort caused by GERD can be easily controlled by lifestyle changes and over-the-counter medications. Esomeprazole sodium is also used to prevent and treat gastric ulcers. Esomeprazole is sometimes used to treat rare diseases caused by pancreatic or intestinal tumors, called Zollinger-Ellison syndrome. Esomeprazole is also mixed with naproxen to help reduce inflammation and pain in joints and muscles.
Key drivers, constraints and opportunities for the global esomeprazole sodium market:
The increase in gastroesophageal reflux disease (GERD) cases due to excessive gastric acid production, such as Zollinger-Ellison syndrome, may lead to gastric ulcers or even Stomach cancer. Use esomeprazole sodium in the initial stages of hyperacidity to avoid other serious consequences. These are some of the factors that promote the development of the global market of esomeprazole sodium. Side effects such as headache, diarrhea, nausea or vomiting, constipation, stomach pain or flatulence are key factors hindering the global market of esomeprazole sodium.
Most people who take esomeprazole have few side effects. When the patient stops taking esomeprazole, the side effects are usually mild and disappear after the patient stops taking esomeprazole. Esomeprazole sodium is used in many stomach problems caused by acid reflux. Created considerable opportunities for the global esomeprazole sodium market.
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North America will occupy a major share of the global esomeprazole sodium market North America has an important share of the global esomeprazole sodium market. Changes in lifestyle and eating habits are one of the main causes of gastric acid-related problems in the region. According to a report by Medscape (WebMD LLC.), in the United States, peptic ulcer disease affects approximately 4.6 million people each year, an estimated 10% of the American population. At some point it shows evidence of duodenal ulcer.
Helicobacter pylori infection accounts for 90% of duodenal ulcers and 70% to 90% of gastric ulcers. Early symptoms and diagnosis help prevent the onset of diseases with the help of normal drugs, such as esomeprazole sodium, which also promotes the market for esomeprazole sodium. In terms of global esomeprazole sodium market share, Europe is expected to follow North America. In many European countries, the incidence or prevalence of various gastrointestinal diseases has increased sharply, which has further promoted the demand for esomeprazole sodium.
The major player operating in the global esomeprazole sodium market:
The esomeprazole sodium market is highly fragmented and there are several major players. A large number of manufacturers have large shares in their respective regions. The main players operating in the global esomeprazole sodium market are: Alkem Laboratories Ltd., AstraZeneca plc, Aurobindo Pharma Ltd., Chongqing LUMMY Pharmaceutical Co., Ltd., Dr. Reddys Laboratories Ltd. Glenmark Pharmaceuticals Inc. Grünenthal GmbH Laboratorios Saval SA Novartis AG (Sandoz) Sanofi SAstada Arzneimittel AG Sun Pharmaceutical Industries Ltd. Teva Pharmaceutical Industries Ltd.t
Esomeprazole Sodium Market: Research Scope Global Esomeprazole Sodium Market, Tablets and Capsules by Dose Other Global Esomeprazole Sodium Markets, by Application Gastroesophageal Reflux Disease Duodenal Ulcer Other Global Esso Omeprazole sodium market and pharmacies, by distribution.
Esomeprazole Sodium Market:
Research Scope Global Esomeprazole Sodium Market, Tablets and Capsules by Dose Other Global Esomeprazole Sodium Markets, by Application Gastroesophageal Reflux Disease Duodenal Ulcer Other Global Esso Melprazole sodium market and pharmacies, by distribution”
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