According to National Institute of Health, National Center for Biotechnology Information, Children in Israel have a high prevalence and early acquisition of Helicobacter pylori (H. pylori) that causes an infection in the stomach or duodenum (first part of the small intestine) to further develop the peptic ulcer.
. The Israel peptic ulcer treatment market is a growing market as the prevalence of peptic ulcer disease increases due to factors such as stress, unhealthy diets, and increased use of nonsteroidal anti-inflammatory drugs (NSAIDs).
Additionally, the rise in awareness related to complications associated with peptic ulcer disease is a major factor that fuels the growth of the
Increasing Prevalence of Peptic Ulcer Diseases
One of the primary drivers of the Israel peptic ulcer treatment market is the increasing prevalence of peptic ulcer disease. This condition is becoming more common nowadays, with an estimated 10% of the overall population affected. This is due to various factors such as stress, unhealthy diets, and increased use of nonsteroidal anti-inflammatory drugs (NSAIDs), which can contribute to the growth of the Israel peptic ulcer treatment market.
Israel has one of the highest rates of peptic ulcer disease in the world, with an estimated 10%-15% of the population affected
Rising Number of R&D Activities and Strong Pipeline of New Drugs
The growing number of peptic ulcer patients is motivating the key players present in the market to invest in the research/development activities. This can positive impact the growth of the Israel peptic ulcer treatment market. For instance, a company namely RedHill Biopharma Ltd. received the United States Food & Drug Administration (USFDA) approval for RHB-105(Talicia) to treat Helicobacter pylori in adults in the US in March 2020.
Strong market players are using their long-term strategies to acquire a competitive advantage
Several clinical trials are going on for most of the drugs to overcome the complications related to currently found at drugs. This is another factor which is likely to fuel the growth of the Israel peptic ulcer treatment market during the forecast period. For instance, according to the clinicaltrials.gov, a company namely Takeda Pharmaceuticals has a drug Vonoprazan fumarate in phase 3 trials, which is a drug of category potassium competitive acid blockers (P-CABs) for peptic ulcer treatment market.
AstraZeneca is a leading pharmaceutical company that is investing heavily in R&D to develop new treatments for peptic ulcers. The company has several drug candidates in its pipeline, including AZD-3342, a selective gastrin receptor antagonist that is being developed for the growth of the Israel peptic ulcer treatment market. The company is also investigating the use of combination therapies to improve the efficacy of Israel peptic ulcer treatment market.
Increasing Investment for Healthcare Infrastructure
Another significant factor influencing the growth rate of the Israel peptic ulcers market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aim to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.
Furthermore, rising initiatives by public and private organizations to spread awareness will expand the Israel peptic ulcers market. Additionally, the sedentary lifestyle of people such as high alcohol consumption and addiction to smoking will result in the expansion of the Israel peptic ulcer market. The rising level of disposable income and surging geriatric population are the major factors anticipated to flourish the market’s growth rate during the forecast period.
The
Market Segmentation
The Israel peptic ulcer treatment market can be segmented
Market Players
Pfizer Pharmaceuticals Israel Ltd, AstraZeneca Israel Inc, Novartis Pharma Israel Ltd, Sanofi-Aventis Israel Ltd, GlaxoSmithKline (Israel) Ltd, Takeda Israel Ltd., Israel B. Abbott., and Phibro Israel
Attribute | Details |
Base Year | 2022 |
Historic Data | 2018 – 2022 |
Estimated Year | 2022 |
Forecast Period | 2023 – 2028 |
Quantitative Units | Revenue in USD Million, Volume Units and CAGR for 2018-2022 and 2023-2028 |
Report coverage | Revenue forecast, Volume forecast company share, competitive landscape, growth factors, and trends |
Segments covered | · Product Type · Disease Indication · End User · Region · Company |
Regional scope | The Mediterranean coastal plain, The Central Hills, The Jordan Rift Valley, and The Negev Desert |
Key companies profiled | Pfizer Pharmaceuticals Israel Ltd, AstraZeneca Israel Inc, Novartis Pharma Israel Ltd, Sanofi-Aventis Israel Ltd, GlaxoSmithKline (Israel) Ltd, Takeda Israel Ltd., Israel B. Abbott., and Phibro Israel |
Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |