Proton Pump Inhibitors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Proton Pump Inhibitors Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2029
Report Digest
Global Proton Pump Inhibitors Market: Overview
Proton pump inhibitors are capable of diminishing the total amount of acid that is produced by one’s stomach. These inhibitors are usually utilized in the treatment of ulcers and acid reflux in the stomach and in duodenum, a part of gut. Usually, people do not suffer from any kind of side effect, which is likely to bolster growth of the global proton pump inhibitors market over the timeframe of analysis, from 2019 to 2029.
Proton pump inhibitors are actually a class of medicines, which work on the cells lining the stomach. This diminishes the acid production from stomach. These medicines comprise various brand names, such as rabeprazole, pantoprazole, omeprazole, lansoprazole, and esomeprazole. Increasing popularity of these are likely to support growth of the global proton pump inhibitors market over the timeframe of analysis, from 2019 to 2029.
The three parameters of considerable importance that have been considered for segmentation of the global proton pump inhibitors market include drug type, prescription drugs, and region. The objective of such segmentation is to offer a clearer, 360-degree view of the market.
Global Proton Pump Inhibitors Market: Notable Developments
One of the relevant and important developments in the global proton pump inhibitors market is mentioned as below:
- In October 2019, Prominent British pharmaceutical company, AstraZeneca plc, announced selling of its global commercial rights (except Mexico, the US, Japan, and China) for Losec (omeprazole) to Cheplapharm Arzneimittel GmbH. Losec is a popular proton pump inhibitor by AstraZeneca. With this sale of commercial rights, it is expected that Losec will have better reach and wider base of consumers.
Some of the key players in the global proton pump inhibitors market comprise the below-mentioned:
- AstraZeneca plc
- GlaxoSmithKline PLC
- Cadila Pharmaceuticals
- Takeda Pharmaceutical Co. Ltd
- Johnson & Johnson Services Inc
Global Proton Pump Inhibitors Market: Key Trends
The global proton pump inhibitors market is marked with the presence of several drivers, restraints, and opportunities. These market dynamics are expected to shape the contours of the market over the assessment period, from 2019 to 2029.
High Prevalence of GERD to Open Up Growth Opportunities for the Market
Gastroesophageal reflux disease refers to a chronic condition in which the content of stomach comes back up to the esophagus, a muscular tube connecting stomach with the throat. This leads to either complications or symptoms. Burning discomfort and heartburn are some of the most common symptoms of gastroesophageal reflux disease (GERD), which starts just at the back of breastbone and goes on to the throat and the neck. Acid regurgitation, a condition characterized by sour-tasting and bitter fluid, is another common symptom of GERD. Increased prevalence of GERD conditions is likely to trigger growth of the global proton pump inhibitors market over the timeframe of assessment, 2019 to2029.
In addition, there are many people with associated risk factors, such as use of tobacco and obesity, and such conditions are on the rise all over the world. Increased prevalence of gastroesophageal reflux diseases and associated risk factors are likely to augur well for the global proton pump inhibitors market in the years to come.
Global Proton Pump Inhibitors Market: Geographical Analysis
North America accounts for a sizeable chunk of the global proton pump inhibitors market and is estimated to remain a dominating region throughout the timeframe of analysis, from 2019 to 2027. Increased prevalence of gastroesophageal reflux diseases in the region is likely to work in favor of the North America market.
This study provides a particularized anatomy according to the L.E.A.P mechanism
- Latest trends and cardinal growth prospects
- Existing and future insights in growth
- Ascensions in technology
- Pain points
The regional analysis offers market assays across:
- North America
- Asia Pacific
- Europe
- Latin America
- The Middle East and Africa
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
Pain Points
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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