Simethicone Market:
Executive Summary
Simethicone is an orally administered drug anti-foaming agent utilized to minimize bloating, diarrhea, pain or discomfort which is caused by excessive gas mainly swallowed air with other gases in stomach and intestine. Simethicone ensures the gas bubbles in the stomach to come together so that the passage is created easily to release gas. Simethicone is apt for all age groups including babies, adults and elderly people. Due to adaptation of unhealthy lifestyle, there is an increase in stomach and intestine problems this is a major driver for the growth of the market. Stomach problems are also caused because of drinking polluted water which is the major cause of stomach aches in many of low income and middle-income economies. As per WHO (World Health Organization) in 2017, 29% of the Global population continue to drink contaminated and unsafe water and as per their prediction by 2025, half of the world’s population will be living in water-stressed areas. Also, in 2017 WHO stated that in least developed countries there is no water service in 22% of health Care centers, sanitation service in 21% healthcare facilities and 22% has no waste management service. This enhances the probability of stomach and intestine problems and hence the utilization and scope of Simethicone market increases. The essential medical healthcare services market is not highly affected during covid-19 Pandemic, implying no drastic change in the market. However, availability of other substitute for gastrointestinal diseases and stomach pains and disorders is a major is restraining factor which impedes the growth of the market over the forecast period of 2020-2027.
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The regional analysis of global Simethicone market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world due to increase in healthcare and stomach diseases. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as higher presence of competitors would create lucrative growth prospects for the Simethicone market across Asia-Pacific region.
Major market player included in this report are:
Wacker Chemie AG (Germany)
Dow Corning (US)
Basildon Chemical Company Limited (UK)
Shin-Etsu Chemical Co., Ltd. (Japan)
RioCare India Private Limited (India)
Resil Chemicals Pvt Ltd (India)
Biomax Pharmaceuticals Private Limited (UK)
Shandong Dongyue Group (China)
Ruichem USA, Inc. (US)
NuSil Technology, LLC (US)
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product:
Simethicone (100%)
Simethicone Emulsion (30%)
By Application:
Pharmaceutically active ingredient
Pharmaceutical excipient
Other
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Simethicone Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Continuous…
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NOTE : Our team is studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
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