Press release
Incredible Demand in Lansoprazole Market 2024 | Valuable Report with Trends, Growth, Scope, Status and Forecast by 2030|Takeda Pharmaceutical, Teva Pharms, Sandoz, GSK
The lansoprazole market is witnessing steady growth due to the high prevalence of gastroesophageal reflux disease (GERD) and peptic ulcers globally. Lansoprazole is a proton pump inhibitor (PPI) used for the treatment of acid-related disorders, including GERD, gastric ulcers, and duodenal ulcers. Key players in the market focus on expanding their product portfolios and geographical presence to address the growing demand for PPI medications. Moreover, the introduction of generic lansoprazole formulations and the availability of over-the-counter (OTC) versions drive market expansion. However, challenges such as side effects and drug interactions associated with long-term PPI use pose a restraint to market growth. Nonetheless, increasing healthcare expenditure and the rising prevalence of acid-related disorders are expected to drive market growth in the forecast period.
The global Lansoprazole market size is projected to grow at a CAGR of 5.8% between 2024 and 2030.
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Latest Version Of Sample Copy of Report 2024 Includes:
Scope For 2024
Brief Overview to the research report.
Table of Contents (Scope covered as a part of the study)
Top players in the market
Research framework (structure of the report)
Research methodology adopted by Infinity Business Insights
The scope of the lansoprazole market is substantial, driven by the increasing prevalence of acid-related disorders such as gastroesophageal reflux disease (GERD) and peptic ulcers globally. Lansoprazole, a proton pump inhibitor (PPI), is used for the treatment of gastric acid-related conditions by reducing stomach acid production. The market encompasses pharmaceutical companies, healthcare providers, and patients seeking effective and long-term management of acid-related disorders. With the availability of generic formulations and over-the-counter versions, the scope of the market extends to a wide range of healthcare settings and patient populations. However, challenges such as side effects, drug interactions, and concerns about long-term PPI use pose hurdles within the market. Nonetheless, the continuous demand for acid-suppressing medications ensures a promising scope for the lansoprazole market globally.
Top Companies in the Global Lansoprazole Market:
Takeda Pharmaceutical, Teva Pharms, Sandoz, GSK, Dr. Reddy's, Pfizer, Taj Pharma, Mylan, Cisen Pharmaceutical, Lepu Pharmaceuticals, Nang Kuang Pharmaceutical, Luoxin Biotechnology, Beijing Honglin Pharma., Suzhou YUSHI Pharmaceutical Co., Changzhou Siyao Pharmaceuticals, Youcare Pharmaceutical Group, HOPE PHARMA, Sun Pharmaceutical Industries, Krka
Based on Types, the Global Lansoprazole Market is Segmented into:
Capsules
Tablets
Injection
Based on Application, the Global Lansoprazole Market is Segmented into:
Male
Female
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The future growth of the lansoprazole market appears promising, driven by several key factors. Firstly, the increasing prevalence of gastrointestinal disorders such as gastroesophageal reflux disease (GERD), peptic ulcers, and gastric acid hypersecretion disorders globally is expected to drive demand for lansoprazole as a proton pump inhibitor (PPI) medication for acid suppression therapy. Additionally, growing awareness about the effectiveness of lansoprazole in managing acid-related conditions, coupled with the availability of generic formulations and over-the-counter (OTC) options, is likely to increase lansoprazole adoption among patients and healthcare providers, thereby expanding the market's reach. Furthermore, advancements in drug delivery technologies and dosage forms such as delayed-release capsules and orally disintegrating tablets are anticipated to enhance patient convenience and adherence to lansoprazole treatment. Moreover, the potential for combination therapies and adjunctive treatments with lansoprazole presents new growth opportunities for the market. However, challenges such as medication side effects, drug interactions, and long-term safety concerns may pose hurdles to market expansion. Nonetheless, the continuous demand for effective acid suppression medications ensures a positive outlook for the future growth of the lansoprazole market.
Geographical Landscape of the Lansoprazole market:
The Lansoprazole Market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities.
➤ North America (United States, Canada, and Mexico)
➤ Europe (UK, Germany, France, Russia, and Italy)
➤ Asia-Pacific (China, Korea, Japan, India, and Southeast Asia)
➤ South America (Brazil, Colombia, Argentina, etc.)
➤ The Middle East and Africa (Saudi Arabia, UAE, Nigeria, Egypt, and South Africa)
This report offers actionable growth insights and an extensive study comprising secondary research, primary interviews with industry stakeholders, and competitors, validation, and triangulation with the Worldwide Market Reports regional database. Experts have detailed primary records with the market players across the value chain in all regions and industry experts to obtain qualitative and quantitative insights.
Historical Years: 2018-2022
Base Year: 2024
Forecast Period: 2024-2030
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Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
The Report makes an Attempt to Answer Subsequent Questions:
Within the Lansoprazole market, however, can North America, Europe, and Africa grow financially in 2024 and beyond?
Which businesses, with the help of foreign companies, mergers and acquisitions, new product launches, and technical innovation, are possible to prosper within the international Lansoprazole Market?
What is the prompt business plans and methods for firms within the rising Lansoprazole market?
Which firms are the most important manufacturers and most aggressive competitors within the Lansoprazole Market?
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