Press release
Proton Pump Inhibitors Market Size, Status, Global Outlook 2020 To 2026
Top Companies in the Global Proton Pump Inhibitors Market
AstraZeneca PLC (NYSE:AZN), Cadila Pharmaceuticals, Eisai Co., Ltd. (OTCMKTS:ESALY), Eli Lilly, Janssen, Pfizer Inc. (NYSE:PFE), Santarus, Wyeth, among others.
The global Proton Pump Inhibitors market is valued at US$ 2346.7 million in 2020 is expected to reach US$ 2750.5 million by the end of 2026, growing at a CAGR of 2.3% during 2021-2026.
Market Overview:
The major factors for the growth of the proton pump inhibitors market include the increasing prevalence of gastroesophageal reflux disease (GERD) and the rising acceptance of novel drug delivery systems.
Gastroesophageal reflux disease is a chronic condition, where the stomach content comes back up into the esophagus resulting in either symptoms or complications. The most frequently reported symptoms of GERD are heartburn, a burning discomfort that begins behind the breastbone and radiates to the neck and throat, and acid regurgitation, which is characterized as a bitter, sour-tasting fluid.
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Key Market Trends
Esomeprazole is Expected to Account for the Largest Market Share in Drug Type
Nexium is one among the leading revenue generating drugs globally, and it is used to treat the symptoms of GERD, heartburn, and other disorders involving excessive stomach acids. The drug was being sold as a prescriptive drug till before 28th March 2014, the date when FDA approved it as an OTC drug. The shift from being a prescription-only drug to being sold as an over-the-counter (OTC) drug is likely to be a major driving force for the sales of the drug in the near future. There are several benefits associated with OTC drugs, such as low price, enhanced accessibility, and no regular monitoring. As OTC drugs are sold without any prescription, the consumer need not go to any doctor for a prescription, which reduces the overall cost, and hence these drugs have the potential to increase their adoption rate. Accessibility is another vital factor for the consumption of any medicine, and better accessibility may definitely result in more revenue.?
North America Accounted for the Largest Share in the Global Market
North America holds a major share in the proton pump inhibitors market and is expected to show a similar trend over the forecast period, without significant fluctuations. There is a rising prevalence of GERD in the United States, Canada, and Mexico. Furthermore, GERD affects up to 20% of adults in the United States, therefore making the disease an important concern. Proton pump inhibitors are the widely prescribed drugs, and increased PPI use has been observed in the US ambulatory settings. Furthermore, many firms are expected to spend heavily on promoting their brands. The widespread use of these has recently gained attention from the American Board of Internal Medicines campaign to promote the appropriate use of PPIs.
Related News
Eisai Co., Ltd. (OTCMKTS:ESALY)
Eisai Discontinues Global Development of Rabeprazole Sodium Extended-Release Capsules, 50 mg
Woodcliff Lake, NJ , September 2, 2011 -- Eisai Inc. announced today that the company has decided to discontinue global development of rabeprazole sodium extended-release capsules, 50 mg.
On February 1, 2011, Eisai received a Complete Response Letter (CRL) from the U.S. Food and Drug Administration (FDA) for the New Drug Application of rabeprazole sodium extended-release capsules, 50 mg (U.S. brand name: Aciphex?). After full consideration of the discussion with the FDA regarding the CRL, it was determined that an additional study would be required to support approval. Upon further review, Eisai has decided to discontinue the global development of the product.
Key Developments in the Market
March 2017: Eli Lilly acquired CoLucid Pharmaceuticals, Inc.
June 2017: Johnson & Johnson acquired Actelion.
The Proton Pump Inhibitors market can be divided based on product types and its sub-type, major applications and Third Party usage area, and important regions.
This report segments the global Proton Pump Inhibitors Market on the basis of?Types?are
Pantoprazole, Omeprazole, Lansoprazole, Esomeprazole, Rabeprazole, Dexlansoprazole, Others
On The basis Of Application, the Global Proton Pump Inhibitors Market is Segmented into
Hospital, Clinic
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Regions Are covered By Proton Pump Inhibitors Market Report 2020 To 2026.
North America, Europe, China, Japan, Southeast Asia, India.
North America (USA, Canada and Mexico).
Europe (Germany, France, UK, Russia and Italy).
Asia-Pacific (China, Japan, Korea, India and Southeast Asia).
Significant Features that are under Offering and Key Highlights of the Reports:
-Detailed overview of Proton Pump Inhibitors Market
-Changing Proton Pump Inhibitors market dynamics of the industry
-In-depth market segmentation by Type, Application etc.
-Historical, current and projected Proton Pump Inhibitors market size in terms of volume and value
Recent industry trends and developments
-Competitive landscape of Proton Pump Inhibitors Market
-Strategies of key players and product offerings
-Potential and niche segments/regions exhibiting promising growth.
Frequently Asked Questions about Proton Pump Inhibitors market:
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The report has 150 tables and figures browse the report description and TOC
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