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Drug Price Trends for ANTACID ULTRA TABLET CHEW
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Average Pharmacy Cost for ANTACID ULTRA TABLET CHEW
Drug Name | NDC | Price/Unit ($) | Unit | Date |
---|---|---|---|---|
ANTACID ULTRA TABLET CHEW | 24385-0595-23 | 0.03572 | EACH | 2025-01-22 |
ANTACID ULTRA TABLET CHEW | 24385-0595-23 | 0.03566 | EACH | 2024-12-18 |
ANTACID ULTRA TABLET CHEW | 24385-0595-23 | 0.03616 | EACH | 2024-11-20 |
>Drug Name | >NDC | >Price/Unit ($) | >Unit | >Date |
Market Analysis and Price Projections for Antacid Ultra Tablets
Market Overview
The antacid market, which includes ultra-strength antacid tablets, is a significant segment within the broader pharmaceutical industry. Here are some key points to consider:
Global Market Size and Growth
The global antacids market was valued at US$ 14 billion in 2023 and is projected to reach US$ 22 billion by 2033, growing at a Compound Annual Growth Rate (CAGR) of 4.6% during this period[3].
Market Segmentation
Antacids are widely available in various forms, including tablets, powders, and liquids. Tablets account for a substantial share of the global market, with a 50% market share in 2023[3].
Product Features and Benefits
Ultra Strength Antacid Tablets
- These tablets, such as those from TUMS and up&up™, offer ultra-strength relief from heartburn, acid indigestion, and sour stomachs. They typically contain 1000 mg of calcium carbonate per tablet, which not only neutralizes stomach acid but also provides a source of calcium[1][2][5].
- TUMS Ultra Strength tablets, for example, have 33% more acid-fighting power per tablet compared to Extra Strength TUMS[2].
Consumer Preferences
- Consumers often prefer chewable tablets due to their ease of use and pleasant flavors. Assorted fruit flavors and berry flavors are popular options, making the medication more palatable[1][2][5].
Market Trends
Online Sales
- The rise of online shopping is significantly impacting the antacids market. Sales through online pharmacies are expected to grow at a CAGR of 5% over the forecast period, driven by the increasing penetration of smartphones and improvements in telecom services[3].
Brand Loyalty and Recommendations
- TUMS is a leading brand in the antacid market, recommended by doctors, pharmacists, and OBGYNs. Its long-standing reputation and satisfaction guarantee contribute to its market dominance[2].
Price Analysis
Current Pricing
- The pricing of antacid ultra tablets varies based on the brand and retailer. For instance, up&up™ Ultra Strength Antacid Assorted Fruit Chewable Tablets are available for $4.99 for a 160-count package at Target[1].
- TUMS Ultra Strength Assorted Fruit Chewable Antacid Tablets are priced around $5.99 for a 72-count package at various retailers[2][4].
Price Projections
- Given the steady growth of the antacids market, prices are likely to remain competitive. However, there may be slight increases due to inflation and rising production costs. The average price per tablet is expected to stabilize or see a minor increase over the forecast period.
- For example, if the current price for a 72-count package of TUMS Ultra Strength tablets is around $5.99, the price per tablet would be approximately $0.083. Considering the market growth and inflation, this price could rise to around $0.09 to $0.10 per tablet by 2033.
Consumer Feedback and Product Quality
Recent Changes and Consumer Reaction
- Recent changes in the formula and supplier of some antacid brands, such as up&up™, have received negative feedback from consumers. Complaints about the new texture and taste have led to a decline in customer satisfaction[1].
Impact on Market
- Negative consumer feedback can impact sales and brand loyalty. Companies must balance cost-saving measures with maintaining product quality to retain customer trust.
Key Takeaways
- The global antacids market is growing steadily, driven by increasing demand and online sales.
- Ultra-strength antacid tablets remain a popular choice due to their effectiveness and convenience.
- Brands like TUMS continue to dominate the market with their strong reputation and doctor recommendations.
- Prices are expected to remain competitive, with minor increases due to inflation and production costs.
- Maintaining product quality is crucial to retaining customer satisfaction and loyalty.
FAQs
-
What is the primary active ingredient in ultra-strength antacid tablets?
- The primary active ingredient is typically calcium carbonate, which helps neutralize stomach acid and provides a source of calcium[1][2][5].
-
Why are ultra-strength antacid tablets preferred over other forms?
- Ultra-strength antacid tablets are preferred for their fast and effective relief from heartburn and acid indigestion, as well as their ease of use and pleasant flavors[1][2].
-
How is the antacids market expected to grow in the coming years?
- The global antacids market is expected to grow at a CAGR of 4.6% from 2023 to 2033, reaching a market size of US$ 22 billion by 2033[3].
-
What role does online shopping play in the antacids market?
- Online shopping is increasingly important, with sales through online pharmacies expected to grow at a CAGR of 5% due to the rise of smartphones and improved telecom services[3].
-
Why is maintaining product quality important for antacid brands?
- Maintaining product quality is crucial for retaining customer satisfaction and loyalty. Negative feedback about changes in formula or supplier can significantly impact sales and brand reputation[1].
Cited Sources:
- Ultra Strength Antacid Assorted Fruit Chewable Tablets - 160ct - up&up™. Target.
- TUMS Ultra Strength Assorted Fruit Chewable Antacid Tablets, 72 ct. Fred Meyer.
- Antacids Market Size, Share, Demand & Growth Analysis, 2033. Fact.MR.
- TUMS Ultra Strength Assorted Fruit Chewable Antacid Tablets, 72 ct. City Market.
- TUMS Antacid Ultra Strength, 265 Chewable Tablets. Costco.
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