Market Snapshot:
Lansoprazole is a proton pump inhibitor drug, which prevents the stomach from producing gastric acid to facilitate treatment of various gastric disorders. Proton pump inhibitors work on the mechanism of action, where these act by inhibiting the proton pump, which is the pivotal area for secretion of H+ ions in the gastric lumen. Proton pump inhibitors form a covalent bond with proton pump, deactivating it, leading to lack of H+ ions secretion in the gastric lumen, thereby inhibiting the production of gastric acid. Lansoprazole is different from other drug classes available for treatment of gastroesophageal reflux disease such as antacids, which act by neutralizing the acid secreted in the stomach
Highlights from Lansoprazole Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are Takeda Pharmaceutical (Japan), Teva Pharms (Israel), Sandoz (Germany), GSK (United Kingdom), Dr. Reddy's (India), Pfizer (United States), Mylan (United States), Cisen Pharmaceutical (China), Lepu Pharmaceuticals (China) and Nang Kuang Pharmaceutical (Taiwan). Additionally, other players that are part of this comprehensive study are Luoxin Biotechnology, Beijing Honglin Pharma., Suzhou YUSHI Pharmaceutical Co., Changzhou Siyao Pharmaceuticals and Youcare Pharmaceutical Group.
Geographic Breakdown and Segment Analysis
The Global Lansoprazole market presents a comprehensive analysis of the Lansoprazole market by product type (Capsules, OD Tablet and Injection), by end-user/application (Male and Female), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Lansoprazole industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Lansoprazole market
Analyst at AMA have segmented the market study of Global Lansoprazole market by Type, Application and Region.
Influencing Trend:
Rise in prescription base for sustained release lansoprazole
Market Growth Drivers:
Increase in incidence of gastroesophageal reflux disease (GERD), gastric ulcers, duodenal ulcers, and other gastric diseases. Along with other factors like rise in demand for proton pump inhibitors and ongoing clinical trials for the evaluation of new formulations of lansoprazole aimed at increasing the efficiency of the drug which are expected to drive the global lansoprazole market
Challenges:
Side effects can associated with the over dosage of medicine
Restraints:
Introduction of new drug classes in the market for the treatment of gastric diseases
Opportunities:
Increase in number of manufacturers in the global market offering lansoprazole in capsule formulations
Market Developments Activities:
In February 2021,Dr Reddy’s Laboratories announced the launch of Lansoprazole DR orally disintegrating tablets, a therapeutic equivalent generic version of Prevacid SoluTab Delayed-Release Orally Disintegrating Tablets, 15 mg and 30 mg, approved by the US Food and Drug Administration (USFDA).
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market in the near future. Players are anticipated to focus on the development of new medication, which is likely to encourage the growth of the global market throughout the forecast period
Key Target Audience
Medline manufacturer, Hospitals, Pharmacies, Research Firm, Laboratories and Others