A report on the Global Famotidine Market has been published by Contrive Datum Insights. The report provides clients with the latest trending insights into the Famotidine market. It can be seen that the report includes market value and growth rate, size, production consumption and gross margin, pricing and other influencing factors. Along with this, in the report, you will get detailed information about every distributor, supplier, and retailer in the market. The competitive scenarios of all industry players are mentioned in detail in the report. The pandemic has caused market participants to strategically change their business plans.
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Famotidine is a medicine that helps reduce the production of stomach acid. It is commonly sold under trade names such as Pepcid. Famotidine is used to treat Zollinger-Ellison syndrome, gastroesophageal reflux disease, and peptic ulcer disease. The method of delivery of famotidine is by injection into a vein or by mouth. Typically, it takes an hour for results to start appearing. Famotidine was first patented in 1979. Its medical use became effective in 1985. The substance is available as a generic or generic drug.
The report also covers the complete competitive landscape of the worldwide market with company profiles of key players such as Thales Group, Saab Group, Curtiss-Wright, BAE Systems, Harris. Geographically, this market has been segmented into regions such as North America, Latin America, Europe, Asia Pacific and Rest of the World. The study details country-level aspects based on each segment and gives estimates in terms of market size.
North America dominated the global market in terms of revenue share in 2020. The region is expected to continue to dominate over the forecast period due to strong product demand across various application areas including medical and microbiology. Rising incidence of gastric cancer is one of the major factors contributing to the high demand for the product in the region. The Asia Pacific market is expected to witness lucrative growth over the forecast period owing to rising awareness about Helicobacter pylori infection.
Famotidine Market Segmentation:
By Type:
- Tablets
- Injection
- Other
By Applications:
- Medical
- Microbiology
- Other
Frequently Asked Questions (FAQ):
- What is the growth rate predicted for the Global Famotidine Market?
- Who are the top performing companies in Famotidine Market?
- Which region dominated the worldwide market for Famotidine in 2022?
Related Sources:
- https://www.digitaljournal.com/pr/global-itsm-market-is-expected-to-grow-at-a-cagr-of-7-50-during-forecast-period
- https://www.openpr.com/news/2857196/polyamide-imide-resin-market-analysis-and-industry-research
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