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Lansoprazole API Market Growth: Projected CAGR Of 8.98 % Through 2032

09-27-2024 09:06 AM CET | Chemicals & Materials

Press release from: WiseGuy Reports

Lansoprazole API Market Growth: Projected CAGR Of 8.98 % Through

The Lansoprazole API (Active Pharmaceutical Ingredient) market is experiencing steady growth driven by the rising prevalence of gastrointestinal disorders such as gastroesophageal reflux disease (GERD) and peptic ulcers. Lansoprazole is a proton pump inhibitor (PPI) that reduces stomach acid production, making it effective for treating various acid-related conditions. The global market is expected to grow at a compound annual growth rate (CAGR) of approximately 4-6% over the next few years, propelled by increasing demand for prescription medications, advancements in formulation technology, and growing investments in healthcare infrastructure.

The Lansoprazole API market was valued at approximately USD 2.4 billion in 2023. It is projected to increase from USD 2.61 billion in 2024 to USD 5.2 billion by 2032. The market is expected to grow at a compound annual growth rate (CAGR) of around 8.98% during the forecast period from 2025 to 2032.

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Lansoprazole API Market Companies Are:

Zydus Cadila Healthcare Ltd ,Suzhou Hyper Chemicals Co., Ltd. ,Dr. Reddy's Laboratories Ltd ,Nanjing Zhengda Tianqing Pharmaceutical Co., Ltd. ,Hikma Pharmaceuticals PLC ,Luye Pharma Group ,Mylan Pharmaceuticals Inc. ,Cipla Ltd ,Strides Pharma Science Ltd ,Torrent Pharmaceuticals Ltd ,Sun Pharmaceutical Industries Ltd ,Fresenius Medical Care North America ,Zhejiang Xianju Pharmaceutical Co., Ltd. ,Glenmark Pharmaceuticals Ltd ,Baxter Healthcare Corporation

Driver

Increasing Incidence of Gastrointestinal Disorders:

The rising prevalence of conditions like GERD, peptic ulcers, and Zollinger-Ellison syndrome is a significant driver for the Lansoprazole API market. As awareness of these disorders grows, more patients are seeking effective treatments, leading to higher demand for Lansoprazole-based formulations.

Highlights of the report:

Report provides detailed insights into

• Demand and supply conditions of Lansoprazole API Market

• Factor affecting the Lansoprazole API Market in the short run and the long run

• The dynamics including drivers, restraints, opportunities, political, socio-economic factors, and technological factors

• Key trends and future prospects

Opportunity

Growth in Generic Medications:

The expiration of patents for branded Lansoprazole products has opened up opportunities for generic drug manufacturers. This shift enables cost-effective alternatives to enter the market, catering to budget-conscious consumers and expanding the market reach for Lansoprazole API.

What Is Included In Lansoprazole API Market Segmentation?

Lansoprazole Api Market Type Outlook

• Delayed Release Capsules
• Injection
• Oral Suspension
• Tablets

Lansoprazole Api Market End Use Outlook

• Gastric Ulcer
• Duodenal Ulcer
• Gastroesophageal Reflux Disease

Challenge

Regulatory Compliance and Quality Standards: The Lansoprazole API market faces challenges related to stringent regulatory requirements and quality assurance protocols. Compliance with regulations set by organizations like the FDA and EMA can be resource-intensive for manufacturers, posing a challenge for smaller players in the industry.

Table of Contents

SECTION I: EXECUTIVE SUMMARY AND KEY HIGHLIGHTS
EXECUTIVE SUMMARY
• Market Overview
• Key Findings
• Market Segmentation
• Competitive Landscape
• Challenges and Opportunities
• Future Outlook
SECTION II: SCOPING, METHODOLOGY AND MARKET STRUCTURE
SECTION III: QUALITATIVE ANALYSIS
SECTION IV: QUANTITATIVE ANALYSIS
SECTION V: COMPETITIVE ANALYSIS
LIST Of tables
LIST Of figures

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Contact Us
WISEGUY RESEARCH CONSULTANTS PVT LTD
Office No. 528, Amanora Chambers Pune - 411028 Maharashtra, India 411028
Sales +91 20 6912 2998

About WiseGuy Reports

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Wise Guy Reports is pleased to introduce itself as a leading provider of insightful market research solutions that adapt to the ever-changing demands of businesses around the globe. By offering comprehensive market intelligence, our company enables corporate organizations to make informed choices, drive growth, and stay ahead in competitive markets.
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