by The global peptic ulcer drugs market is witnessing significant growth, fueled by the increasing prevalence of peptic ulcers attributed to Helicobacter pylori (H. pylori) infections and the prolonged use of nonsteroidal anti-inflammatory drugs (NSAIDs). This surge in demand for peptic ulcer medications is driven by several factors, including evolving lifestyles, a growing geriatric population, and a preference for pharmaceutical treatments over surgery.
Discovering the Culprit: Nobel Laureates Barry Marshall and J. Robin Warren
In 2005, Drs. Barry Marshall and J. Robin Warren were awarded the Nobel Prize in Medicine for their groundbreaking discovery of H. pylori as a bacterial cause of peptic ulcer disease. This discovery revolutionized the understanding and treatment of peptic ulcers.
Key Drivers of the Peptic Ulcer Drugs Market
Several factors contribute to the growth of the peptic ulcer drugs market:
- H. pylori Infections: H. pylori infections remain a leading cause of peptic ulcers. The first-line treatment for these infections typically involves antibiotics and proton pump inhibitors.
- NSAID Use: The widespread use of NSAIDs, including aspirin and ibuprofen, is another significant contributor to peptic ulcers, especially among those who use them long-term.
- Lifestyle Factors: Unhealthy lifestyles, stress, and changing dietary habits have led to an increase in peptic ulcer cases.
- Geriatric Population: The rising geriatric population, as projected by the UN Database on World Population Ageing 2020, will further drive the prevalence of peptic ulcers.
- Awareness and Treatment: Greater awareness of treatment options, such as pharmaceuticals, has led to a preference for non-surgical interventions.
North America Takes the Lead
North America is at the forefront of the global peptic ulcer drugs market. With over 4 million Americans suffering from peptic ulcers each year, the regions mature healthcare market and research efforts have played a pivotal role in driving growth. The increased usage of NSAIDs and awareness of treatment options are expected to further boost the North American market.
Antibiotics Dominate the Market
In the forecast period, antibiotics are expected to dominate the global peptic ulcer drugs market. The triple therapy approach, which combines antibiotics and proton pump inhibitors, is the primary treatment for H. pylori infections. Increasing antibiotic resistance has led to a shift towards innovative treatments for bacterial infections, further strengthening the antibiotics segment.
Prominent Players in the Market
Key players in the peptic ulcer drugs market include Pfizer Inc., Abbvie Inc., GlaxoSmithKline plc., AstraZeneca plc, Boehringer Ingelheim GmbH, Daewoong Pharmaceutical Co., Ltd., Cadila Healthcare Ltd., Takeda Pharmaceutical, Eisai Co. Ltd., and Yuhan Corporation. These companies continue to introduce new products and collaborate on research and development efforts to meet the growing demand for peptic ulcer treatments.
Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2023-2030 By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa) https://www.fairfieldmarketresearch.com/report/peptic-ulcer-drugs-market
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This press release first seen on Brilad
COMTEX_442085733/2840/2023-10-18T16:49:22
Julian Lopez is professor emeritus of finance, served as the founding academic affairs dean and founding chair of the finance department.
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No journalist was involved in the writing and production of this article.