Initiatives undertaken to spread awareness about various disease driving the growth of the nizatidine market in developing countries
Fact.MR – A Market Research and Competitive Intelligence Provider: The global nizatidine market is exhibiting a positive growth due to the increasing prevalence of gastric disorders such as Inflammatory Bowel Disease (IBD), constipation, hemorrhoids, stomach ulcers, etc. As per a study by Fact.MR – a leading market research and competitive intelligence provider, the market for nizatidine is anticipated to surge at a CAGR of over 9% during the forecast period 2021 to 2031.
As per the British Medical Association (BMA), non-communicable diseases (NCDs) account for over 60% of the global ailments, with gastric problems encompassing the majority of this overall burden.
Over 60 million people are suffering from various digestive ailments, resulting in the hospitalization of more than 1 million in the U.S., according to the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK). As nizatidine has proven as an effective compound for the cure of gastric problems, the demand for nizatidine is estimated to surge.
Various organizations are adopting initiatives for spreading awareness about gastric problems. For instance, in the U.S., NIDDK is actively supporting various investigation projects with regard to the analysis of complex interactivity among environmental, microbial, and immune factors contributing to gastric disorders. Such initiatives are projected to drive the market for nizatidine.
“The market players are increasingly investing in developing new drugs and focusing on obtaining regulatory approvals from prominent authorities to cater to the increasing demand for nizatidine,” says the Fact.MR analyst.
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Key Takeaways
Key Drivers
Key Restraints
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Competitive Landscape
Key players operating in the nizatidine market includes Flynn Pharma, MedChemExpress, Mylan N.V., Glenmark Pharmaceuticals, Weightech (Hunan) Pharmaceutical, Hengdian Group, Dr. Reddy’s Laboratories, Eli Lily and Company, and Strides Pharma Science Limited. Leading market players are emphasizing on receiving regulatory approvals for their existing product lines and developing new products to enhance their product portfolio. For instance,
More Insights on the Nizatidine Market
Fact.MR offers unbiased analysis of the nizatidine market. In order to understand the global market potential, its growth, and scope, the market is segmented on the basis of type (nizatidine capsules, nizatidine tablets, and other nizatidine types), application (hospital pharmacies, retail pharmacies, and online pharmacies), across seven regions (North America, Latin America, Europe, South Asia, East Asia, Oceania and Middle East & Africa).
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