Global Proton Pump Inhibitors (PPIs) Market Report and Forecast 2024-2032

Global Proton Pump Inhibitors (PPIs) Market Outlook

The global proton pump inhibitors (PPIs) market size was valued at USD 3.2 billion in 2023, driven by the rising incidence of gastroesophageal reflux disease (GERD) cases across the globe. The market is expected to grow at a CAGR of 4.50% during the forecast period of 2024-2032, with the values likely to rise from USD 3.34 billion in 2024 to USD 4.76 billion by 2032.

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Proton Pump Inhibitors (PPIs): Introduction

Proton pump inhibitors are medicines used to control the acid released through the glands in the lining of the stomach. They are used to relieve the symptoms of acid reflux or gastroesophageal reflux disease (GERD), along with treating stomach ulcers and damage to the lower esophagus caused by acid reflux. Omeprazole, Esomeprazole, and Lansoprazole are some of the most common types of proton pump inhibitors sold in the market.

Global Proton Pump Inhibitors (PPIs) Market Analysis

In the historical period, the proton pump inhibitors (PPIs) market value has observed a significant upswing owing to the high accessibility and affordability of the drugs. The market is segmented into over-the-counter drugs and prescription drugs like Rabeprazole and Pantoprazole, among others. In addition, a rise in the prevalence of gastrointestinal disorders like peptic ulcers and GERD, especially driven by lifestyle and an aging population have driven the high market demand.

With a deeper understanding of human physiology, coupled with improving research and development infrastructure, health institutions have identified the potential risks of prolonged PPI usage which include kidney damage, osteoporosis, and infections. As a result, the proton pump inhibitors (PPIs) market growth has slowed down in recent years. There is immense focus on cautious prescribing practices along with rising development of generic and novel drugs. Along with novel drug formulations, non-pharmacological treatments are also emerging in the market, which are expected to affect the market.

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Global Proton Pump Inhibitors (PPIs) Market Segmentation

Market Breakup by Product Type

• OTC Drugs
  • Omeprazole
  • Lansoprazole
  • Esomeprazole
  • Other OTC Drugs

• Prescription Drugs
  • Rabeprazole
  • Dexlansoprazole
  • Pantoprazole

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

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Global Proton Pump Inhibitors (PPIs) Market Overview

The United States has held significant proton pump inhibitors (PPIs) market share in the historical period. The presence of key healthcare players which are continuously working to acquire smaller companies and drive innovation through improved research and development and expanding market reach is a vital factor. Moreover, the regulatory authorities like FDA closely monitor the safety profile of PPIs, their potential side effects and promoting quality distribution of the drugs.

 
Europe, being home to several influential healthcare and academic institutions, is contributing to fostering the proton pump inhibitors (PPIs) market demand in the region. With high prevalence of gastrointestinal diseases, especially in the geriatric population, makes the region a major market for PPIs.

The Asia Pacific region with rising development and improving healthcare infrastructure is expected to witness rapid growth in the forecast period. The region is experiencing several foreign investments from major healthcare companies, which are working on setting up research labs in the region. With such initiatives, they can leverage the area’s academic talent to develop novel drugs.

Global Proton Pump Inhibitors (PPIs) Market: Competitor Landscape

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:

• AstraZeneca

• Bayer AG

• Cadila Pharmaceuticals

• GlaxoSmithKline PLC

• Pfizer

• Eisai Pharmaceuticals

• Santarus, Inc

• Wyeth

• Janssen Pharmaceutical

• Takeda Pharmaceutical Company Limited

• Sanofi S.A.

• Teva Pharmaceuticals

• Eli Lilly

Please note that this only represents a partial list of companies, and the complete list has been provided in the report.

Key Highlights of the Report