Global Omeprazole Market Overview:
Omeprazole is a Medication that Hinders Gastric Acid Secretion. The Active Ingredient in Omeprazole is a Substituted Benzimidazole, 5-Methoxy-2-[[(4-Methoxy-3, 5-Dimethyl-2-Pyridinyl) Methyl] Sulfinyl]-1hbenzimidazoleit. It is a White Crystalline Powder which is a Weak Base, Freely Soluble in Ethanol & Methanol, Slightly Soluble in Acetone & Isopropanol, & Very Slightly Soluble in Water. Omeprazole is on the World Health Organization's List of Essential Medicines
Market Drivers
- The surge in the Digestive Disorder Diseases owing to Reasons like Smoking, Alcohol Consumption, Lack of Exercise, & Junk Foods Consumption
- Rise in the Pediatric Population Suffering from Various Ailments
Market Trend
- Increasing Adoption & Usage of Omeprazole Owing to its Widespread Availability & Cost Effectiveness
Restraints
- Presence of other Alternative Medications like Dexlansoprazole, Esomeprazole, & Lansoprazole
Opportunities
- There is an Increased Opportunity for the Manufacturers to Increase their Market Share, owing to the Availability of Omeprazole without a Prescription
- There are Prospects for the Sellers to Capitalize the Opportunity of Supplying, due to Rise in the Demand for Omeprazole
Challenges
- Side Effects Linked with the Long Term Consumption of Omeprazole may pose a Challenge
Competitive Landscape:
The Market for the Omeprazole is Fragmented with the Presence of Many Players. Leading Players can Adopt Strategies like a Merger, Acquisition, Expansion, New Product Launch, in order to Gain Share within The Market. Owing to the Rise in the Ailments, there are Growing Prospects for the New Players to Enter the Market
Some of the key players profiled in the report are Accord Healthcare Ltd (United Kingdom), Aralez Pharmaceuticals Inc. (Canada), AstraZeneca UK Ltd (United Kingdom), Cipla Limited (India), Cadila Healthcare Ltd (India), Dr. Reddy's Laboratories (India), Perrigo Company Plc. (United States), Aurobindo Pharma USA, Inc. (United States), Mylan N.V. (United States) and Lupin Limited (India). Additionally, following companies can also be profiled that are part of our coverage like Oneiro Chemicals Pvt Ltd (India), Sun Pharmaceutical Industries Limited (India), Bayer AG (Germany) and Dexcel Pharma (Israel). Analyst at AdvanceMarketAnalytics see United States & European Players to retain maximum share of Global Omeprazole market by 2025. Considering Market by End-User, the sub-segment i.e. Adults will boost the Omeprazole market. Considering Market by Sales Channel, the sub-segment i.e. Hospital Pharmacies will boost the Omeprazole market. Considering Market by Dosage, the sub-segment i.e. 10 Mg/Intake will boost the Omeprazole market.
Market Highlights:
n May 2018, Cadila Healthcare Ltd Received Final Approval to Market Omeprazole & Sodium Bicarbonate Capsules and In April 2018, Perrigo Company Plc & its Partner Dexcel Pharma Technologies, Ltd., Announced the Launch of Store Brand Omeprazole Delayed-Release Orally Disintegrating Tablets 20mg (Omeprazole ODT), an Over-The-Counter (OTC) Medication to Treat Frequent Heartburn
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Omeprazole market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Omeprazole market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Pharmaceutical Companies, Distributors & Suppliers, Importers & Exporters, Research Organizations, Investors, Regulatory & Government Bodies and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.