Global Famotidine Market Overview:
Famotidine is a white to pale yellow crystalline compound that is freely soluble in glacial acetic acid, slightly soluble in methanol, very slightly soluble in water, and practically insoluble in ethanol. It is a prescription and over the counter drug used to treat ulcers of the stomach and intestines and to prevent intestinal ulcers from coming back after they have healed. Famotidine is also used to treat certain stomach and throat problems such as erosive esophagitis, gastroesophageal reflux disease, and Zollinger-Ellison syndrome. It is sold under different brand names such as Pepcid, Act, Dyspep HB, Fluxid, and Acid Controller.
As per latest study released by AMA Research, the Global Famotidine market is expected to see growth rate of 5.3%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Treatment for Esophagitis
Market Growth Drivers:
Increasing Use of Famotidine to Treat Acid Indigestion, Growing Demand for Famotidine Tablet and Increasing Use to Treat Zollinger-Ellison Syndrome
Challenges:
Availability of Alternative Treatments
Restraints:
Famotidine May Cause Some Unwanted Side Effects
Opportunities:
Growing Occurrence of Stomach and Intestine Problems among People and Increasing Use of Famotidine in Children
Competitive Landscape:
The key manufacturers are targeting the innovations of the products with better quality, better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking upon mergers and acquisitions in order to maintain their presence in the market
Some of the key players profiled in the report are Uquifa (Spain), Rakshit Drugs Private Limited (India), Chempro Pharma (India), Gauri Fine Chemicals (India), Darou Pakhsh Pharma Chem Co. (Iran), Pat Impex (India), Wuhan Jayusion Pharmaceutical Technology Co., Ltd (China), Phalanx Labs (India), Teva Pharmaceuticals (United States), Aurobindo Pharma (United States), Alembic Pharmaceuticals Inc (United States), Mylan Laboratories Ltd. (United States), Ercros (Spain) and Jeil Pharmaceutical (South Korea). Analyst at AMA Research see Global Players to retain maximum share of Global Famotidine market by 2030. Considering Market by Route of Administration, the sub-segment i.e. Oral will boost the Famotidine market. Considering Market by Treatment, the sub-segment i.e. Zollinger-Ellison Syndrome will boost the Famotidine market. Considering Market by Dosage, the sub-segment i.e. 0-10 mg will boost the Famotidine market. Considering Market by End User, the sub-segment i.e. Adult will boost the Famotidine market.
Latest Market Insights:
In June 2023, Teva Pharmaceuticals introduced Famotidine IV in the US. This injectable form of Famotidine offers a new option for patients unable to take oral medication.
In November 2023, Perrigo launched generic Famotidine chewable tablets in the US. This expands the availability of Famotidine in a convenient dosage form for adults and children.
What Can be Explored with the Famotidine Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Famotidine Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Famotidine
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Famotidine market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Famotidine market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Famotidine Manufacturer, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.