Ranitidine Market – Global Industry Insights to 2026
Ranitidine Market – Size, Share, Outlook, and Opportunity Analysis 2018 - 2026
Ranitidine is a histamine H2 antagonists and available as both over-the-counter (OTC) and prescription drug, indicated in the treatment of gastroesophageal reflux disease (GERD). Ranitidine decreases the acid production from stomach for up to 12 hours. Also, ranitidine is commonly used in erosive esophagitis, peptide ulcer disease, and Zollinger–Ellison syndrome. It could be taken orally or intravenously.
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The global ranitidine market size was valued at US$ 412.4 Mn in 2017, and is expected to witness a CAGR of 1.8% over the forecast period (2018 – 2026).
Growing Research and Development (R&D) on Ranitidine is expected to Boost Market Growth
Various government and private research organizations are increasingly engaged in research and development studies to increase the efficacy of ranitidine and examine possible potential of ranitidine to increase future scope of ranitidine market.
Furthermore, various clinical trials are currently undergoing to identify and compare efficacy between ranitidine and other proton pump inhibitors such as esomeprazole and rabeprazole to measure gastric acid reduction in stomach. With the result of these studies, the efficacy of ranitidine is expected to improve and offer better treatment regimes in reducing excessive gastric acid production in the near future.
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Key players operating in the global ranitidine market include GlaxoSmithKline plc, Boehringer Ingelheim GmbH, Strides Pharma Science Limited (StridesShasun)
Global Ranitidine Market, By Strength:
• 75 mg
• 150 mg
• 300 mg
Global Ranitidine Market, By Form:
Global Ranitidine Market, By Route of Administration:
• Global Ranitidine Market, By Application:
• Intestinal & Stomach Ulcers
• Gastroesophageal Reflux Disease (GERD)
• Zollinger-Ellison Syndrome
• Other Application
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