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    Gastroesophageal Reflux Disease Market

    ID: MRFR/HC/40769-HCR
    111 Pages
    Rahul Gotadki
    October 2025

    Gastroesophageal Reflux Disease Market Research Report: By Drug Type (Proton Pump Inhibitors, H2-Receptor Antagonists, Antacids, Prokinetics), By Diagnosis Type (Endoscopy, pH Monitoring, Manometry, Imaging Tests), By Treatment Type (Medication, Surgical Procedures, Lifestyle Changes), By Patient Demographics (Adults, Children, Pregnant Women) and By Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa) - Forecast to 2035.

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    Gastroesophageal Reflux Disease Market Infographic

    Gastroesophageal Reflux Disease Market Summary

    The global gastroesophageal reflux disease market is projected to grow from 11.0 USD billion in 2024 to 15 USD billion by 2035.

    Key Market Trends & Highlights

    Gastroesophageal Reflux Disease Key Trends and Highlights

    • The market is expected to experience a compound annual growth rate of 2.89 percent from 2025 to 2035.
    • By 2035, the market valuation is anticipated to reach 15 USD billion, indicating steady growth.
    • In 2024, the market is valued at 11.0 USD billion, reflecting the current demand for gastroesophageal reflux disease treatments.
    • Growing adoption of advanced therapeutic options due to increasing prevalence of gastroesophageal reflux disease is a major market driver.

    Market Size & Forecast

    2024 Market Size 11.0 (USD Billion)
    2035 Market Size 15 (USD Billion)
    CAGR (2025-2035) 2.89%

    Major Players

    Takeda Pharmaceutical, Novartis, Sanofi, Teva Pharmaceuticals, GlaxoSmithKline, Pfizer, Endo International, AstraZeneca, Lexicon Pharmaceuticals, AbbVie, Mylan, Hikma Pharmaceuticals, Bayer, Bausch Health, Johnson and Johnson

    Gastroesophageal Reflux Disease Market Trends

    The Global Gastroesophageal Reflux Disease Market is being significantly influenced by various key drivers. An increase in the prevalence of gastrointestinal disorders, particularly in aging populations, is pushing demand for effective treatments. Lifestyle changes, such as poor diet and sedentary behavior, are contributing to higher incidences of conditions that lead to gastroesophageal reflux disease (GERD). Increased awareness of GERD among patients and healthcare providers is leading to early diagnosis and treatment, further driving growth in this market. 

    Advancements in technology and drug development, as well as the rise of online healthcare services, are improving access to treatment options, creating a more favorable market environment.Opportunities lie in the development of innovative therapies, including biologics and personalized medicine approaches that can better address the specific needs of patients.

    There is also potential for market expansion in emerging economies, where rising healthcare expenditures and improving infrastructure can facilitate better access to treatments. Digital health solutions, such as mobile applications for monitoring symptoms, present additional avenues for growth, enhancing patient engagement and adherence to treatment protocols. Recent trends indicate a shift towards the use of minimally invasive surgical procedures and advanced endoscopic interventions for severe cases of GERD.A growing emphasis on preventive measures, including dietary changes and lifestyle interventions, is changing the approach to management.

    Furthermore, increased research into the role of gut microbiota in gastroesophageal conditions is opening new avenues for therapeutic exploration. Ultimately, as the focus on patient-centric care continues to expand, the landscape of the Global Gastroesophageal Reflux Disease Market is poised for substantial transformation. The emergence of combination therapy approaches and the integration of telemedicine in treatment protocols will likely redefine the standard for managing GERD.

    The rising prevalence of gastroesophageal reflux disease is prompting increased focus on innovative treatment options and patient management strategies.

    National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK)

    Gastroesophageal Reflux Disease Market Drivers

    Aging Population

    The aging population is a significant factor influencing the Global Gastroesophageal Reflux Disease Market Industry. As individuals age, the prevalence of GERD tends to increase due to physiological changes and comorbidities associated with older age. This demographic shift is expected to drive demand for GERD treatments as older adults often experience more severe symptoms and complications. Consequently, healthcare providers are likely to focus on developing tailored treatment plans for this population. The market's growth trajectory is further supported by the increasing life expectancy, which may lead to a larger segment of the population requiring management for GERD.

    Market Growth Projections

    The Global Gastroesophageal Reflux Disease Market Industry is projected to experience substantial growth over the coming years. With an estimated market value of 11.0 USD Billion in 2024, it is anticipated to reach 15 USD Billion by 2035, reflecting a compound annual growth rate of 2.89% from 2025 to 2035. This growth is driven by various factors, including the rising prevalence of GERD, advancements in treatment options, and increased awareness among patients. The market dynamics suggest a robust expansion trajectory, indicating a promising future for stakeholders in the GERD management sector.

    Rising Prevalence of GERD

    The Global Gastroesophageal Reflux Disease Market Industry is experiencing growth due to the increasing prevalence of GERD worldwide. Factors such as dietary habits, obesity, and sedentary lifestyles contribute to this rise. In 2024, the market is projected to reach 11.0 USD Billion, reflecting a growing awareness and diagnosis of GERD. This trend is likely to continue as more individuals seek medical attention for symptoms associated with reflux. The increasing incidence of related complications, such as esophagitis and Barrett's esophagus, further emphasizes the need for effective treatment options, thereby driving market expansion.

    Growing Awareness and Education

    Increased awareness and education regarding GERD symptoms and treatment options are pivotal drivers in the Global Gastroesophageal Reflux Disease Market Industry. Public health campaigns and educational initiatives by healthcare organizations play a crucial role in informing patients about the condition. This heightened awareness leads to earlier diagnosis and treatment, which is essential for preventing complications. As more individuals recognize the importance of addressing GERD, the market is likely to see a steady increase in demand for therapeutic interventions, supporting a compound annual growth rate of 2.89% from 2025 to 2035.

    Advancements in Treatment Options

    Innovations in treatment modalities are propelling the Global Gastroesophageal Reflux Disease Market Industry forward. The introduction of novel pharmacological agents and minimally invasive surgical techniques offers patients more effective and safer options. For instance, the development of proton pump inhibitors and endoscopic procedures has transformed the management of GERD. These advancements not only improve patient outcomes but also enhance the overall quality of life for those affected. As the market evolves, the demand for these innovative treatments is expected to increase, contributing to the projected market growth to 15 USD Billion by 2035.

    Regulatory Support for New Therapies

    Regulatory bodies are increasingly supportive of the development and approval of new therapies for GERD, which is a key driver in the Global Gastroesophageal Reflux Disease Market Industry. Streamlined approval processes and incentives for innovation encourage pharmaceutical companies to invest in research and development. This regulatory environment fosters the introduction of new medications and treatment modalities that address unmet needs in GERD management. As a result, the market is likely to benefit from a continuous influx of novel therapies, enhancing treatment options available to patients and contributing to overall market growth.

    Market Segment Insights

    Gastroesophageal Reflux Disease Market Drug Type Insights

    The Global Gastroesophageal Reflux Disease Market revenue is supported by a diverse range of drug types, which include Proton Pump Inhibitors, H2-Receptor Antagonists, Antacids, and Prokinetics. In 2024, Proton Pump Inhibitors are poised to dominate the market with a valuation of 4.5 USD Billion, accounting for a substantial part of the total market share. This dominance can be attributed to their effectiveness in reducing stomach acid production, making them a preferred choice among healthcare providers for the long-term management of gastroesophageal reflux disease (GERD).Following closely, Antacids valued at 2.96 USD Billion in 2024. 

    These medications are considered significant due to their quick relief of symptoms, making them a go-to for patients seeking immediate comfort. H2-Receptor Antagonists, valued at 2.5 USD Billion, offer competitive treatment options as they effectively limit stomach acid secretion, thus posing as a popular alternative for patients who may not tolerate Proton Pump Inhibitors.

    Meanwhile, Prokinetics holds a smaller market share with a valuation of 1.0 USD Billion, targeting specific symptoms of GERD by enhancing gastrointestinal motility; this niche position reflects their role as additional therapy aimed at particular patient subsets.The valuation dynamics within these drug types highlight trends in patient preferences and treatment efficacy, with Proton Pump Inhibitors remaining the forefront option due to their long-term benefits despite some competition from H2-Receptor Antagonists and the immediate effects of Antacids.

    As the market evolves, insights reveal a growing emphasis on tailored treatment plans that address individual patient needs while navigating the associated challenges, such as side effects and varying patient responses to different classes of medications.The range of drug types ensures a multifaceted approach to managing GERD, ultimately providing healthcare professionals with various options to enhance patient outcomes. By 2035, the anticipated valuations reflect an expected growth trajectory, signaling ongoing investment and innovation within this crucial segment of the Global Gastroesophageal Reflux Disease Market industry.

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Gastroesophageal Reflux Disease Market Diagnosis Type Insights

    The Global Gastroesophageal Reflux Disease Market, valued at 10.96 USD Billion in 2024, showcases a comprehensive segmentation based on diagnosis types, which plays a crucial role in the effective management and treatment of gastroesophageal reflux disease. Among these, Endoscopy has emerged as a vital tool due to its ability to provide direct visualization of the esophagus, allowing for accurate diagnosis. 

    pH Monitoring is also significant as it aids in evaluating acid reflux levels and correlating symptoms with acid exposure, supporting optimal treatment strategies.Manometry, while less commonly used, is essential for assessing esophageal motility, thus guiding therapeutic approaches. Imaging Tests, though not as predominant, offer valuable insights when other methods are inconclusive.

    The diverse range of diagnostic methods available not only enhances the Global Gastroesophageal Reflux Disease Market data but also significantly impacts treatment decisions. The market experiences a steady growth driven by an increasing prevalence of gastroesophageal reflux disease, along with advancements in diagnostic technologies.Overall, the diagnosis type segment of this market contributes substantially to improving clinical outcomes and offers opportunities for innovation in gastroesophageal health.

    Gastroesophageal Reflux Disease Market Treatment Type Insights

    The Global Gastroesophageal Reflux Disease Market revenue demonstrates notable segmentation, particularly in the Treatment Type category. By 2024, the market is projected to reach a value of 10.96 USD Billion, supported by a steady growth trajectory. Medication represents a crucial portion of the treatment landscape as it offers accessible and effective solutions for managing symptoms, contributing significantly to the overall market dynamics.

    Surgical Procedures also play a key role, especially for patients who require more robust interventions, highlighting their importance in addressing severe cases of gastroesophageal reflux disease.Furthermore, Lifestyle Changes are gaining traction, emphasizing preventive measures and promoting overall well-being among patients.

    The increasing focus on personalized care and preventive strategies reflects a shift in how treatments are approached within the Global Gastroesophageal Reflux Disease Market industry. While Medication continues to dominate due to its widespread availability and effectiveness, Surgical Procedures cater to a specific patient demographic, making the Treatment Type landscape diverse and adaptive to patient needs. With evolving trends and an increasing patient population, the opportunities within this market segment continue to grow.

    Gastroesophageal Reflux Disease Market Patient Demographics Insights

    The Global Gastroesophageal Reflux Disease Market reflects diverse Patient Demographics essential for understanding its dynamics. By 2024, the market is expected to be valued at 10.96 USD Billion, showcasing a steady growth trajectory driven by an increasing prevalence of gastroesophageal reflux disease (GERD) across different demographic groups. Adults represent a significant segment as lifestyle factors, such as dietary habits and obesity, prominently influence GERD occurrences.

    Children also play a crucial role, as the rising diagnosis rates emphasize the need for tailored treatment solutions for the younger population.Pregnant women are another vital demographic since hormonal changes and physical pressure on the stomach during pregnancy often exacerbate GERD symptoms.

    This demographic’s unique needs create opportunities for targeted therapies and interventions. Market growth in this sector is supported by a rising awareness of GERD and advancements in diagnostic and treatment options, although challenges such as limited access to healthcare in certain regions persist. Collectively, understanding the Global Gastroesophageal Reflux Disease Market segmentation equips stakeholders with valuable insights for strategic planning and product development in this evolving industry.

    Get more detailed insights about Gastroesophageal Reflux Disease Market

    Regional Insights

    The Global Gastroesophageal Reflux Disease Market revenue is witnessing growth across various regions, with North America leading the way with a valuation of 4.8 USD Billion in 2024, expected to rise to 6.5 USD Billion by 2035. This region's prominence is attributed to advanced healthcare infrastructure and an increasing prevalence of gastrointestinal disorders. Europe follows closely with a valuation of 3.0 USD Billion in 2024, growing to 4.2 USD Billion in 2035, underscoring its significant healthcare investments and initiatives aimed at addressing reflux disease.

    The Asia-Pacific region, valued at 2.1 USD Billion in 2024 and projected to reach 2.8 USD Billion in 2035, shows a growing demand for innovative treatments as awareness around GI health increases. Meanwhile, South America's market is valued at 0.8 USD Billion in 2024, which may grow to 1.1 USD Billion by 2035, reflecting gradual improvements in healthcare access.

    The Middle East and Africa (MEA) region holds a smaller share, with valuations of 0.3 USD Billion in 2024 and 0.4 USD Billion in 2035, pointing to challenges like limited healthcare services but potential for future growth driven by emerging markets.Overall, the Global Gastroesophageal Reflux Disease Market segmentation indicates distinct trends and growth opportunities in diverse regions shaped by local healthcare dynamics and disease management strategies.

    Gastroesophageal Reflux Disease Market Region

    Source: Primary Research, Secondary Research, Market Research Future Database and Analyst Review

    Key Players and Competitive Insights

    The Global Gastroesophageal Reflux Disease Market is characterized by its dynamic and competitive landscape, driven by an increasing prevalence of gastroesophageal reflux disease (GERD) and evolving treatment options. This market encompasses various therapeutic interventions, including pharmaceutical formulations and over-the-counter remedies. Key players continuously innovate to enhance their product offerings, integrating advanced research and development initiatives with strategic partnerships and mergers to maintain a competitive edge. 

    Additionally, increasing awareness and recognition of GERD as a significant health concern have prompted companies to expand their market presence and cater to various demographic segments. With the continuous rise in demand for effective treatment modalities, the market remains poised for growth, with significant opportunities for both established players and newcomers to capture market share.Takeda Pharmaceutical holds a significant position within the Global Gastroesophageal Reflux Disease Market, leveraging its comprehensive portfolio of innovative therapies aimed at managing GERD symptoms effectively.

    The company's strengths lie in its strong research and development capabilities, which emphasize the introduction of breakthrough medications that are often at the forefront of addressing serious health challenges. Takeda’s commitment to patient-centric approaches allows for the provision of personalized treatment options that cater to diverse needs within the GERD patient population.

    Furthermore, Takeda has established a solid global network that enhances its accessibility to clinical insights and market trends, further strengthening its competitive posture and enhancing its ability to introduce timely and effective therapeutic solutions.Novartis is another major player in the Global Gastroesophageal Reflux Disease Market, recognized for its strong emphasis on innovative healthcare solutions.

    The company prioritizes research and development, consistently investing in advanced clinical studies that lead to the discovery of new therapies tailored to treat GERD efficiently. Novartis's ability to leverage cutting-edge technology and collaborative partnerships has enabled the company to remain at the forefront of the market. Its diverse product lineup caters to a wide spectrum of GERD manifestations, ensuring comprehensive treatment pathways for patients. Additionally, Novartis is renowned for its commitment to enhancing patient outcomes through education and support programs, further solidifying its influence and presence in the competitive GERD landscape.

    The combination of these strengths positions Novartis as a formidable competitor, continuously striving to elevate its contributions to the treatment of gastroesophageal reflux disease.

    Key Companies in the Gastroesophageal Reflux Disease Market market include

    Industry Developments

    • Q2 2024: Phathom Pharmaceuticals Announces FDA Approval of VOQUEZNA® (vonoprazan) Tablets for the Treatment of Erosive Esophagitis (Erosive GERD) Phathom Pharmaceuticals received FDA approval for VOQUEZNA® (vonoprazan) tablets for the treatment of erosive esophagitis, marking a significant regulatory milestone in the GERD therapeutics sector.
    • Q2 2024: Phathom Pharmaceuticals launches VOQUEZNA® (vonoprazan) in the United States for Erosive GERD Phathom Pharmaceuticals announced the commercial launch of VOQUEZNA® (vonoprazan) in the U.S. for patients with erosive gastroesophageal reflux disease, expanding treatment options for GERD.
    • Q2 2024: Ironwood Pharmaceuticals Appoints Tom McCourt as Chief Executive Officer Ironwood Pharmaceuticals, a company active in gastrointestinal therapeutics including GERD, appointed Tom McCourt as its new CEO, signaling a leadership change in the sector.
    • Q1 2024: Phathom Pharmaceuticals Announces $100 Million Public Offering of Common Stock Phathom Pharmaceuticals completed a $100 million public offering to support the commercialization of its GERD therapies, including VOQUEZNA®.
    • Q1 2024: Ironwood Pharmaceuticals Announces FDA Approval of LINZESS® (linaclotide) for Pediatric Functional Constipation Ironwood Pharmaceuticals received FDA approval for LINZESS® in pediatric patients, expanding its GI portfolio, which includes GERD-related products.
    • Q2 2024: Phathom Pharmaceuticals Announces Commercial Launch of VOQUEZNA® TRIPLE PAK® and VOQUEZNA® DUAL PAK® for H. pylori Infection Phathom Pharmaceuticals launched VOQUEZNA® TRIPLE PAK® and DUAL PAK® in the U.S., which, while primarily for H. pylori, utilize vonoprazan, a therapy also approved for GERD.
    • Q2 2024: Ironwood Pharmaceuticals Announces $150 Million Share Repurchase Program Ironwood Pharmaceuticals, a GI-focused company with GERD products, announced a $150 million share repurchase program, reflecting confidence in its business outlook.
    • Q1 2024: Phathom Pharmaceuticals Appoints New Chief Commercial Officer Phathom Pharmaceuticals appointed a new Chief Commercial Officer to lead the launch and commercialization of its GERD therapies.
    • Q2 2024: Phathom Pharmaceuticals Announces FDA Acceptance of sNDA for VOQUEZNA® for Non-Erosive GERD Phathom Pharmaceuticals announced that the FDA accepted its supplemental New Drug Application (sNDA) for VOQUEZNA® for the treatment of non-erosive GERD, advancing its regulatory pipeline.
    • Q1 2024: Ironwood Pharmaceuticals Announces Strategic Collaboration with Alnylam Pharmaceuticals Ironwood Pharmaceuticals entered a strategic collaboration with Alnylam Pharmaceuticals to develop novel therapies for gastrointestinal diseases, including GERD.

    Future Outlook

    Gastroesophageal Reflux Disease Market Future Outlook

    The Global Gastroesophageal Reflux Disease Market is projected to grow at 2.89% CAGR from 2024 to 2035, driven by increasing prevalence and advancements in treatment options.

    New opportunities lie in:

    • Develop innovative drug delivery systems for GERD therapies.
    • Invest in telehealth solutions for remote patient monitoring.
    • Enhance patient education programs to improve treatment adherence.

    By 2035, the market is expected to demonstrate robust growth and increased accessibility to effective GERD treatments.

    Market Segmentation

    Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Gastroesophageal Reflux Disease Market Regional Outlook

    • North America
    • Europe
    • South America
    • Asia Pacific
    • Middle East and Africa

    Gastroesophageal Reflux Disease Market Drug Type Outlook

    • Proton Pump Inhibitors
    • H2-Receptor Antagonists
    • Antacids
    • Prokinetics

    Gastroesophageal Reflux Disease Market Diagnosis Type Outlook

    • Endoscopy
    • pH Monitoring
    • Manometry
    • Imaging Tests

    Gastroesophageal Reflux Disease Market Treatment Type Outlook

    • Medication
    • Surgical Procedures
    • Lifestyle Changes

    Gastroesophageal Reflux Disease Market Patient Demographics Outlook

    • Adults
    • Children
    • Pregnant Women

    Report Scope

    Report Attribute/Metric Details
    Market Size 2023 10.65(USD Billion)
    Market Size 2024 10.96(USD Billion)
    Market Size 2035 15.0(USD Billion)
    Compound Annual Growth Rate (CAGR) 2.9% (2025 - 2035)
    Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Base Year 2024
    Market Forecast Period 2025 - 2035
    Historical Data 2019 - 2023
    Market Forecast Units USD Billion
    Key Companies Profiled Takeda Pharmaceutical, Novartis, Sanofi, Teva Pharmaceuticals, GlaxoSmithKline, Pfizer, Endo International, AstraZeneca, Lexicon Pharmaceuticals, AbbVie, Mylan, Hikma Pharmaceuticals, Bayer, Bausch Health, Johnson  and  Johnson
    Segments Covered Drug Type, Diagnosis Type, Treatment Type, Patient Demographics, Regional
    Key Market Opportunities Increasing prevalence of obesity, Rising demand for advanced therapies, Growth in preventive healthcare measures, Expanding telehealth services, Advancement in drug delivery systems
    Key Market Dynamics rising prevalence of GERD, increasing healthcare expenditure, growing demand for minimally invasive treatments, advancements in diagnostic technologies, strong pipeline of drug therapies
    Countries Covered North America, Europe, APAC, South America, MEA

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    FAQs

    What is the projected market size of the Global Gastroesophageal Reflux Disease Market in 2024?

    The Global Gastroesophageal Reflux Disease Market is expected to be valued at 10.96 USD Billion in 2024.

    What is the expected market value of the Global Gastroesophageal Reflux Disease Market by 2035?

    The market is projected to reach a value of 15.0 USD Billion by 2035.

    What is the compound annual growth rate (CAGR) for the Global Gastroesophageal Reflux Disease Market between 2025 and 2035?

    The expected CAGR for the Global Gastroesophageal Reflux Disease Market from 2025 to 2035 is 2.9%.

    Which region is expected to dominate the Global Gastroesophageal Reflux Disease Market in 2024?

    North America is anticipated to dominate the market with a value of 4.8 USD Billion in 2024.

    What will be the market value of the Global Gastroesophageal Reflux Disease Market in Europe by 2035?

    The market value in Europe is expected to reach 4.2 USD Billion by 2035.

    What is the expected market value for Proton Pump Inhibitors in 2024?

    The market value for Proton Pump Inhibitors is expected to be 4.5 USD Billion in 2024.

    Which major companies are key players in the Global Gastroesophageal Reflux Disease Market?

    Major players include Takeda Pharmaceutical, Novartis, Sanofi, and AstraZeneca, among others.

    What is the projected market size for H2-Receptor Antagonists in 2035?

    The market size for H2-Receptor Antagonists is projected to be 2.8 USD Billion in 2035.

    What will the market value of Antacids be in 2024?

    In 2024, the market value of Antacids is expected to be 2.96 USD Billion.

    What market value is projected for the APAC region by 2035?

    The APAC region is expected to reach a market value of 2.8 USD Billion by 2035.

    What is the projected market size of the Global Gastroesophageal Reflux Disease Market by 2035?

    By 2035, the Global Gastroesophageal Reflux Disease Market is expected to be valued at 6.5 USD billion.

    What is the expected CAGR for the Global Gastroesophageal Reflux Disease Market from 2025 to 2035?

    The expected CAGR for the Global Gastroesophageal Reflux Disease Market from 2025 to 2035 is 5.4%.

    Which region is projected to hold the largest market share for Gastroesophageal Reflux Disease in 2035?

    North America is projected to hold the largest market share with an expected value of 2.72 USD billion in 2035.

    What will be the market value for medications used in Gastroesophageal Reflux Disease in 2035?

    The market value for medications in Gastroesophageal Reflux Disease is expected to reach 2.5 USD billion in 2035.

    Who are the key players in the Global Gastroesophageal Reflux Disease Market?

    Key players include companies such as Boehringer Ingelheim, Sanofi, Pfizer, and Johnson and Johnson.

    What is the expected market size for the Surgery segment in 2024?

    The expected market size for the Surgery segment of the Global Gastroesophageal Reflux Disease Market is 0.8 USD billion in 2024.

    What growth rate is projected for the Alternative Therapies segment from 2024 to 2035?

    The Alternative Therapies segment is projected to grow from 0.69 USD billion in 2024 to 1.3 USD billion by 2035.

    How will the market for Gastroesophageal Reflux Disease in Europe be valued in 2035?

    The market for Gastroesophageal Reflux Disease in Europe is expected to be valued at 1.85 USD billion by 2035.

    What will be the valuation of the Lifestyle Changes segment by 2035?

    The Lifestyle Changes segment is projected to reach a market value of 1.2 USD billion in 2035.

    What is the market value for the Middle East and Africa region in 2024?

    The market value for the Middle East and Africa region is expected to be 0.06 USD billion in 2024.

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