The global Omeprazole market volume was nearly 38 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 4.05% during the forecast period until 2034.
Omeprazole, classified as a proton pump inhibitor (PPI), functions to diminish gastric acid production. It can be administered independently or in conjunction with other pharmaceuticals, serving to alleviate gastroesophageal reflux disease (GERD), ulcers, and related conditions stemming from excessive stomach acid. GERD, characterized by the chronic passage of stomach acid into the oesophagus, precipitates oesophageal irritation and inflammation, fostering the development of acid reflux, a persistent and potentially severe manifestation. Regulatory bodies endorse Omeprazole for heartburn treatment and for facilitating the healing of oesophageal erosions attributed to gastric acid exposure (erosive esophagitis). Moreover, Omeprazole forms part of therapeutic regimens alongside antibiotics like amoxicillin and clarithromycin, targeting ulcers induced by Helicobacter pylori infection.
The Omeprazole market is propelled by several key growth drivers shaping its trajectory. Firstly, the increasing prevalence of gastrointestinal disorders such as gastroesophageal reflux disease (GERD) and peptic ulcers contributes significantly to the demand for Omeprazole, as it is a frontline medication for managing these conditions. Additionally, the rising awareness among healthcare professionals and patients regarding the efficacy and safety of Omeprazole fosters its adoption and prescription rates. Moreover, the expanding geriatric population globally, coupled with lifestyle factors such as unhealthy dietary habits and stress, further adds to the demand for Omeprazole. These demographic trends increase the incidence of gastrointestinal ailments, thereby boosting the market for Omeprazole. Furthermore, the availability of Omeprazole in various formulations, including over-the-counter and prescription versions, enhances its accessibility to patients, contributes to the market growth. The global Omeprazole market is likely to reach approximately 60 thousand tonnes in 2034.
Geographically, North America emerges as the largest consumer of Omeprazole, a trend expected to persist in the foreseeable future. This dominance is attributed to several factors. Firstly, North America experiences a high prevalence of gastrointestinal conditions such as gastroesophageal reflux disease (GERD) and peptic ulcers, for which Omeprazole is a primary treatment option. Additionally, the region's advanced healthcare infrastructure and widespread access to medical services ensure extensive utilization and prescription rates of Omeprazole among patients. Furthermore, robust pharmaceutical regulations and quality standards uphold the availability and reliability of Omeprazole formulations in North America, further solidifying its position in the market.
Based on end-use applications, the global Omeprazole market is segmented into Duodenal Ulcer, Gastric Ulcer, Gastroesophageal Reflux Disease, Erosive Esophagitis, and Others.
Major players in the Global Omeprazole market are Dr. Reddy’s Laboratories Inc., Lek Pharmaceuticals d.d., Perrigo Company Plc., Astrazeneca Plc., Impax Laboratories Inc., Mylan N.V., Apotex, Inc., Watson laboratories Inc., Sandoz Inc., Santarus Inc., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Omeprazole which covers production, demand and supply of Omeprazole market in the globe.
• To analyse and forecast the market size of Omeprazole
• To classify and forecast Global Omeprazole market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Omeprazole market in the globe.
To extract data for Global Omeprazole market, primary research surveys were conducted with Omeprazole manufacturers, suppliers, distributors, wholesalers and traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Omeprazole market over the coming years.
ChemAnalyst calculated Omeprazole demand across the globe by analyzing the volume of Omeprazole consumed by the End-Use Applications and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Omeprazole manufacturers and other stakeholders
• Organizations, forums and alliances related to Omeprazole distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Omeprazole manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Omeprazole market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
38 thousand tonnes
Market size Volume in 2034
60 thousand tonnes
Growth Rate
CAGR of 4.05% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by Type, Demand by End-Use Application, Demand by Region, 9. Demand by Distribution Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use Application: (Duodenal Ulcer, Gastric Ulcer, Gastroesophageal Reflux Disease, Erosive Esophagitis, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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What was the net market size of Omeprazole in terms of volume in 2023?
Ans:
The global market size of Omeprazole has reached approximately 38 thousand tonnes in 2023.
Q2.
Which region is the leading consumer of Omeprazole?
Ans:
North America is the leading consumer of Omeprazole globally.
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