About GERD
GERD or Gastroesophageal Reflux Disease, is a persistent condition characterized by the regular backflow of stomach acid into the esophagus, resulting in irritation and inflammation. This reflux can manifest through symptoms like heartburn, regurgitation, chest pain, and difficulty swallowing. Lifestyle adjustments, medications, and, in certain instances, surgical interventions are utilized to manage GERD. It is crucial for individuals encountering GERD symptoms to consult with healthcare professionals for accurate diagnosis and appropriate treatment. The GERD market is witnessing robust growth propelled by the surging global prevalence of Gastroesophageal Reflux Disease, coupled with heightened awareness among individuals about the condition and available treatment options. Advances in medical technology are playing a pivotal role in enhancing the identification and monitoring of GERD. Nonetheless, the market confronts challenges such as the potential side effects and constraints associated with current medications, elevated costs related to specific diagnostic procedures, and restricted reimbursement coverage for certain therapies. Noteworthy trends encompass the rising adoption of minimally invasive surgical techniques, a shift towards personalized medicine, and the integration of digital health solutions for remote patient monitoring. Opportunities abound in emerging markets with an increasing incidence of GERD, the innovation of diagnostic tools, expansion of pharmaceutical portfolios, and strategic investments in research for pioneering therapeutic approaches.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key players maintain a strategic focus on the partnerships with other companies and also distribution expansion of various products in different geographies. Leading manufacturers of gastroesophageal reflux disease devices are also concentrating on technological innovation for the better treatment of gastroesophageal reflux diseases. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global GERD market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Haleon Group of Companies (United Kingdom), SRS Life Science (India), Johnson and Johnson (United States), Medtronic (Ireland), Pfizer,Inc. (United States), Reckitt Benckiser Group PLC (United Kingdom), Takeda Pharmaceutical Co.Ltd (Japan), Teva Pharmaceutical Industries Limited. (Israel) and TWi Pharmaceutical,Inc. (Taiwan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are AstraZeneca (United Kingdom), Zydus Group (India), Glenmark (India), Aurobindo Pharma (India), AstraZeneca (United Kingdom), Eisai (Japan) and GlaxoSmithKline (United Kingdom).
Segmentation Overview
AMA Research has segmented the market of Global GERD market by and Region.
On the basis of geography, the market of GERD has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End Users, the sub-segment i.e. Hospitals will boost the GERD market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Route of Administration, the sub-segment i.e. Oral will boost the GERD market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drug Class, the sub-segment i.e. Antacids will boost the GERD market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing emphasis on personalized medicine and tailored treatment plans and Integration of digital health solutions for remote patient monitoring
Market Growth Drivers:
Rising healthcare expenditure and improved access to medical services and Lifestyle factors such as unhealthy diet and obesity contributing to the higher incidence of GERD
Challenges:
Variability in patient response to existing treatments and Impact of the global economic conditions on healthcare budgets and spending
Restraints:
Limited reimbursement coverage for specific GERD therapies and Patient non-compliance with prescribed treatments and lifestyle modifications
Opportunities:
Emerging markets with a rising incidence of GERD provide growth opportunities and Development of innovative diagnostic tools and technologies
Market Leaders and their expansionary development strategies
In August, 2022 Medtronic plc , a global leader in healthcare technology, announced that it has completed the acquisition of Affera, Inc. This acquisition expands the company's cardiac ablation portfolio to include its first-ever cardiac mapping and navigation platform that encompasses a differentiated, fully integrated diagnostic, focal pulsed field and radiofrequency ablation solution.The investigational Affera technology is designed to provide solutions for patients with cardiac arrhythmias such as atrial fibrillation. Through this acquisition Medtronic gains the Affera Prism-1™ cardiac mapping and navigation platform, which will be compatible with Medtronic and multiple, competitive therapeutic catheters and technologies.
In November 2023, Phathom Pharmaceuticals, Inc., a biopharmaceutical company specializing in the development and commercialization of innovative treatments for gastrointestinal (GI) diseases, declared the commencement of U.S. commercial distribution for VOQUEZNA. This medication is now accessible for addressing adults diagnosed with Erosive Esophagitis, commonly known as Erosive Gastroesophageal Reflux Disease (GERD), and for providing relief from heartburn associated with Erosive GERD. Marking a significant milestone, VOQUEZNA is the inaugural and sole potassium-competitive acid blocker approved for use in the United States. This achievement introduces a novel class of acid suppression treatment to address a medical condition characterized by substantial unmet needs.
Key Target Audience
Investor, Research development, Research Industry, Regulatory Bodies and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.