Latin America Gastroesophageal Reflux Disease Therapeutics Market Size & Outlook
Latin America gastroesophageal reflux disease therapeutics market, 2018-2030 (US$M)
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Latin America gastroesophageal reflux disease therapeutics market highlights
- The Latin America gastroesophageal reflux disease therapeutics market generated a revenue of USD 303.2 million in 2023.
- The market is expected to grow at a CAGR of 1.6% from 2024 to 2030.
- In terms of segment, antacids was the largest revenue generating drug type in 2023.
- H2 Receptor Blockers is the most lucrative drug type segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 303.2 million |
| Market revenue in 2030 | USD 338.0 million |
| Growth rate | 1.6% (CAGR from 2023 to 2030) |
| Largest segment | Antacids |
| Fastest growing segment | H2 Receptor Blockers |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Antacids, H2 Receptor Blockers, Proton Pump Inhibitors (PPIs), Pro-kinetic agents |
| Key market players worldwide | AstraZeneca PLC, Eisai Co Ltd, GSK PLC, Takeda Pharmaceutical Co Ltd, Ironwood Pharmaceuticals Inc Class A, Johnson & Johnson, Phathom Pharmaceuticals Inc Ordinary shares |
Other key industry trends
- In terms of revenue, Latin America region accounted for 5.7% of the global gastroesophageal reflux disease therapeutics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 1,607.5 million by 2030.
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Gastroesophageal Reflux Disease Therapeutics Market Scope
Gastroesophageal Reflux Disease Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America gastroesophageal reflux disease therapeutics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to gastroesophageal reflux disease therapeutics market will help companies and investors design strategic landscapes.
Antacids was the largest segment with a revenue share of 56.63% in 2023. Horizon Databook has segmented the Latin America gastroesophageal reflux disease therapeutics market based on antacids, h2 receptor blockers, proton pump inhibitors (ppis), pro-kinetic agents covering the revenue growth of each sub-segment from 2018 to 2030.
The overall prevalence of GERD in Latin America has been risen owing to the various reasons such as diet & lifestyle changes and increase in the population of overweight & obese people. Women in the country suffer from heartburns more than men.
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Our clientele includes a mix of gastroesophageal reflux disease therapeutics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America gastroesophageal reflux disease therapeutics market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America gastroesophageal reflux disease therapeutics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America gastroesophageal reflux disease therapeutics market outlook size, by country, 2018-2030 (US$M)
Latin America Gastroesophageal Reflux Disease Therapeutics Market Outlook Share, 2023 & 2030 (US$M)
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