September 08, 2020
According to the research report titled ‘Global Simethicone Market Size study with COVID-19 Impact, by Product (Simethicone (100%), Simethicone Emulsion (30%)), by Application (Pharmaceutically active ingredient, Pharmaceutical excipient, Other) and Regional Forecasts 2020-2027’, available with Market Study Report, global simethicone market is expected to register a healthy growth rate over 2020-2027.
As per the report findings, rising cases of stomach and intestinal disorders owing to an unhealthy lifestyle and consumption of polluted water, particularly in low income and middle-income countries is the primary growth driver of global simethicone market.
For the uninitiated, simethicone is an anti-foaming drug that is administered orally to minimize diarrhea, bloating, pain, or discomfort caused by excess gas in stomach and intestine. Simethicone forces the gas bubbles in the stomach to gather for easy release. The drug is suitable for all age groups including elderly, adults, and babies.
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WHO in 2017 stated that about 29% of the global population drink contaminated water and their prediction reveals that half of the total population will be residing in water scarce areas by 2025. In addition, the data further cited that among the least developed nations, 22% of healthcare centers lack water services, 21% healthcare facilities lack sanitation services, and 22% medical institutes have no waste management services. This indicates a higher probability of stomach and intestine complications, consequently augmenting the demand for simethicone.
Speaking of the Covid-19 pandemic, essential medical healthcare services have thrived during the crisis. However, availability of alternative medications for gastrointestinal diseases and stomach pains & disorders may negatively impact the demand for simethicone during the forecast period.
Considering the regional outlook, global simethicone market is fragmented into North America, Asia Pacific, Europe, Latin America, and Rest of the World. APAC simethicone market is anticipated to expand with a robust growth rate over 2020-2027, owing to dense presence of drug manufacturers and pharmaceutical organizations in the region.
Key players operating in global simethicone market are NuSil Technology LLC, Ruichem USA Inc., Shandong Dongyue Group, Biomax Pharmaceuticals Private Limited, Resil Chemicals Pvt. Ltd., RioCare India Private Limited, Shin-Etsu Chemical Co. Ltd., Basildon Chemical Company Limited, Dow Corning, and Wacker Chemie AG.