Proton Pump Inhibitors Market Competition, Growth Prediction, Market Trends, Upcoming Trends and Opportunity Assessment
Research Reports
Feb 15, 2024
Proton Pump Inhibitors Market Research Report: Information By Drug Type (Esomeprazole, Omeprazole, Dexlansoprazole, Pantoprazole, and Others), By Route of Administration (Oral, Injectable), By Indication (Gastroesophageal Reflux Disease, Heartburn, Peptic Ulcers, Others), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, Drug Stores, and Special Clinics) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
The Proton Pump Inhibitors market industry is projected to grow from USD 3.27 Billion in 2023 to USD 16.8 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.50% during the forecast period (2023 – 2032).
The Proton Pump Inhibitors (PPIs) market continues to be a significant segment within the pharmaceutical industry, catering to a wide array of gastrointestinal disorders. PPIs, known for their efficacy in treating conditions like gastroesophageal reflux disease (GERD), peptic ulcers, and Helicobacter pylori infections, maintain a prominent presence in healthcare markets worldwide.
Key factors influencing the PPIs market include rising incidences of GERD and other related disorders, driven by lifestyle changes, dietary habits, and an aging population. Additionally, increasing awareness about the benefits of early diagnosis and treatment of gastrointestinal ailments has contributed to the growing demand for PPI medications.
The market landscape for PPIs is characterized by the presence of several established pharmaceutical companies, including AstraZeneca, Takeda Pharmaceutical Company, and Pfizer Inc., among others. These companies invest significantly in research and development to introduce innovative formulations, improve efficacy, and enhance patient compliance.
Get Free Sample PDF Brochure @
https://www.marketresearchfuture.com/sample_request/19223
Market Segmentation
The global Proton Pump Inhibitor market has been segmented based on drug type, route of administration, indication, and distribution channels
based on Drug Type including Esomeprazole, Omeprazole, Dexlansoprazole, Pantoprazole, and Others. The omeprazole segment was expected to hold the largest market share in 2022. This is connected to Its popularity and widespread use among patients and healthcare professionals can be attributed to its effectiveness. Omeprazole is widely available over-the-counter (OTC), which enables people to self-medicate for mild symptoms, which is driving the market’s growth.
Based on the Route of Administration includes Oral and injectable. The oral segment was anticipated to hold the major market share in 2022. The fact that oral PPIs enter the bloodstream and function systemically throughout the body is one of their advantages. Effectively reducing stomach acid production, easing esophageal inflammation, and promoting tissue repair are the benefits of oral GERD medications.
Based on Indication includes Gastroesophageal Reflux Disease, Heartburn, Peptic Ulcers, and Others. The gastroesophageal reflux disease segment was expected to hold the biggest market share in 2022. The demand for proton pump inhibitors (PPIs) is mostly being driven by the global increase in GERD cases. GERD is a common medical condition that affects a significant portion of the population.
Based on distribution channels include Hospital Pharmacies, Retail Pharmacies, Drug Stores, and Others. The hospital pharmacies segment was anticipated to hold the major market share in 2022 because of their close ties to healthcare facilities, hospital pharmacies gain from having a captive patient base and collaborating closely with healthcare providers.
Competitive Landscape
AstraZeneca, Bayer AG, Cadila Pharmaceuticals, Eisai Inc., GlaxoSmithKline PLC, Pfizer Inc., Takeda Pharmaceuticals, Sanofi SA, Dr. Reddy’s Laboratories, Redhill Pharma Limited, Cipla Limited, Evanger’s, and Kirkland Signature.
Regional Analysis
The global Proton Pump Inhibitor market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Proton Pump Inhibitor market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Proton Pump Inhibitor market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Proton Pump Inhibitor market comprises of Middle East, Africa, and Latin America.
Browse In-depth Market Research Report (128 Pages) on Proton Pump Inhibitors:
https://www.marketresearchfuture.com/reports/proton-pump-inhibitors-market-19223
The largest market share for Proton Pump Inhibitor was maintained by the North American regional sector. The US, Canada, and Mexico are seeing a rise in the prevalence of GERD due to a rise in unhealthy lifestyle choices. 10% to 20% of Americans, or roughly 40% of the population, experience weekly GERD symptoms, according to a March 2022 article published in the journal of annals of esophagus.
Discover More Research Reports on Healthcare Industry by Market Research Future:
Moreover, the second-largest market share in Europe is accounted for by proton pump inhibitors, as major players are focusing more on obtaining approvals and releasing products. For example, the FDA approved the novel omeprazole oral disintegrating tablet, omeprazole OD, in April 2018 thanks to MelTech’s melt-in-your-mouth technology, which dissolves the tablet without requiring water in the mouth. The tablet was introduced by Perrigo Company plc and its partner, Dexcel Pharma Technologies, Ltd. Heartburn is treated with omeprazole OD, an over-the-counter medication.
Protein Assays Market Research Report Information, By Type (Copper-ion-based Assays, Test-strip-based Assays, and Dye-Binding Assays), By Application (Diagnosis, Drug Discovery, and Protein Purification), By Product (Reagents & Kits, and Instruments), By Technology (Colorimetric-Based Protein Assays, Fluorescence-based Protein Assays, and Absorbance-Based Protein Assays), By End-User (Hospitals & Diagnostics Center, Academic Institutes, Pharmaceutical & Biotechnology Companies, and Others), And By Region (North America, Europe, Asia-Pacific
Spinal Cord Stimulator Market Research Report Information by Technology Type (Conventional Implantable Pulse Generator, Rechargeable Implantable Pulse Generator, Radiofrequency Stimulator), Application (Failed Back Surgery Syndrome, Complex Regional Pain Syndrome, Arachnoiditis, Sciatica, Degenerative Disc Disease, Others), End-User (Hospitals & Clinics, Ambulatory Surgical Centers and others) and Region (Americas, Europe, Asia-Pacific, and Middle East & Africa) – Forecast till 2030
Blood Testing Market Research Report Information By Test Type (Complete Blood Count, Blood Chemistry Tests, and Enzyme Tests), By Disease (Anemia, Infection, and Leukemia), By Method (Manual and Automated), By End-User (Hospitals, and Diagnostic Center), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030
Thyroid Test Market Research Report: Information By Type (TSH Tests, T4 Tests, T3 Tests, Other) and By End-User (Hospital, Diagnostic Laboratories, and Research Laboratories & Institutes), And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032
About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.
Follow Us: LinkedIn | Twitter
Contact Information:
Contact: Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email: sales@marketresearchfuture.com Website: https://www.marketresearchfuture.com
Tags:
Research Newswire, English