Global Ranitidine Market accounted for US$ 441.24 million in 2020 and is estimated to be US$ 562.09 million by 2030 and is anticipated to register a CAGR of 2.5%. Ranitidine, sold under the name Zantac among others, may be a medication that's wont to decrease stomach acid production. It’s commonly utilized in treatment of peptic ulceration disease, esophageal reflux disease, and Zollinger–Ellison syndrome. It are often given orally, injection into a muscle, or injection into a vein. Common side effects include headaches and pain or burning if given by injection. Serious side effects may include liver problems, a slow pulse, pneumonia, and therefore the potential of masking stomach cancer. It is also linked to an increased risk of Clostridium difficile colitis. It's generally safe in pregnancy. Ranitidine is an H2 histamine receptor antagonist that works by blocking histamine, thus decreasing the quantity of acid released by cells of the stomach
The report “Global Ranitidine Market By Strength (75 mg, 150 mg, and 300 mg), By Indication (Intestinal& Stomach Ulcers, Gastroesophageal Reflux Disease (GERD), Esophagitis, Zollinger-Ellison Syndrome, and Others), By Dosage Form (Tablets, Syrups, and Injections), By Route of Administration (Oral and Injectable), By Distribution Channel (Hospital pharmacies, Retail Pharmacies, and Online Pharmacies) and Region - Trends, Analysis and Forecast till 2030”
Key Highlights:
· On April 1, 2020, the U.S. Food and Drug Administration (FDA) requested the recall of all forms of Zantac (ranitidine) from the market, due to concerns about cancer risks. This was the final step in over a year of investigations and studies on the drug that linked it with N-nitrosodimethylamine (NDMA), a cancer-causing agent.
Analyst View:
High prevalence of disease for which ranitidine is indicated is expected to significantly drive the market growth over forecast period of time. Key players in the market are working to gain approval for its new ranitidine products by major regulatory of key regions, approval of new products in key regions is also expected to cater the market growth over the forecast period of time.
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Key Market Insights from the report:
Global Renitidine Market accounted for US$ 441.24 million in 2020 and is estimated to be US$ 562.09 million by 2030 and is anticipated to register a CAGR of 2.5%. The global ranitidine market has been segmented on the basis of strength, indication, and dosage form, route of administration, distribution channel, and region.
· By Strength, the Global Renitidine Market is segmented into 75 mg, 150 mg, and 300 mg.
· By Indication, the Global Renitidine Market is segmented into intestinal & stomach ulcers, gastroesophageal reflux disease (GERD), esophagitis, zollinger-ellison syndrome, and others.
· By Dosage Form, the Global Renitidine Market is segmented into tablets, syrups, and injections.
· By Route of Administration, the Global Renitidine Market is segmented into oral and injectable.
· By Distribution Channel, the Global Renitidine Market is segmented into hospital pharmacies, retail pharmacies, and online pharmacies.
· By region, the Global Renitidine Market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to account major market share as compared to that of other regions.
Competitive Landscape:
Key players operating in the global ranitidine market includes, Sun Pharmaceutical Industries Limited,Granules India Limited, GlaxoSmithKline plc, BoehringerIngelheim GmbH, Strides Pharma Science Limited (StridesShasun), Tocris Bioscience (R & D Systems), Merck KGaA, and others.
The market provides detailed information regarding the industrial base, productivity, strengths, manufacturers, and recent trends which will help companies enlarge the businesses and promote financial growth. Furthermore, the report exhibits dynamic factors including segments, sub-segments, regional marketplaces, competition, dominant key players, and market forecasts. In addition, the market includes recent collaborations, mergers, acquisitions, and partnerships along with regulatory frameworks across different regions impacting the market trajectory. Recent technological advances and innovations influencing the global market are included in the report.
