By 2022, the Global Proton Pump Inhibitors Marketis estimated to reach US$ XX Mn, up from US$ XX Mn in 2016, growing at a CAGR of 6% CAGR during the forecast period. Proton pump inhibitors are a group of drugs whose main function is a pronounced and long-lasting reduction of gastric acid secretion in the linings of the stomach. They irreversibly block the enzyme process that actively transports gastric acid from parietal cells to the gastrointestinal lumen in the form of hydrogen-potassium adenosine triphosphate (proton pump). Proton pump inhibitors are used to relieve the symptoms of gastro-oesophageal reflux diseases (GERD), gastritis, peptic ulcers, Dyspepsia, Barrett’s oesophagus, Gastrinomas and other conditions that cause hypersecretion of gastric acid.Proton pump inhibitors are among the most widely used medications in the world, with the first one, omeprazole, being on the WHO Model List of Essential Medicines.
Request For Free Sample @ https://www.kennethresearch.com/sample-request-10065081
Increasing consumer acceptance of novel drug delivery systems, launch of new products, increasing shift from prescription drugs to over-the-counter products, and rising prevalence of peptic ulcer and other gastro-intestinal disorders are the key factors propelling the growth of the market.Conversely, the increasing use of generic drugs hampers the market growth. Consumers in isolated and rural regions tend to prefer the common antacids to deal with ulcer & other gastro-intestinal conditions.
The global proton pump inhibitors market is fragmented mainly on the basis of the drug type.
The patent license of drug Esomeprazole expired in the year 2015, which is the major reason for the likely domination of Omeprazole & Lansoprazole in the market during the forecast period.
North America had the dominant market share in 2015, which is mainly attributed to a consistent launch of new products and a rapidly increasing prevalence of gastrointestinal disorders in the region. However, the Asia Pacific market is anticipated to grow at a higher CAGR in the forecast period. The Asia Pacific region is flooded with numerous gastrointestinal drug products in addition to a large patient pool with gastro intestinal problems. This creates a need for curative drugs and is expected to drive the market growth remarkably.
Some of the prominent players dominating the proton pump Inhibitors market are AstraZeneca, Takeda Pharmaceuticals, Wyeth Pharmaceuticals, Eisai Pharmaceuticals India Pvt. Ltd., Teva Pharmaceuticals, Cadila Pharmaceuticals, Pfizer, Eli Lilly and Company, and Janssen Global Services, LLC.Many other companies in this field are adopting product enhancements and launches, acquisitions, and agreements as their key business strategies in order to top the global market.
Report Contents Regional Analysis Report Highlights
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market – Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
Buy This Premium Report Now @
About Kenneth Research:
Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation.
Email: [email protected]
Phone: +1 313 462 0609