Vonoprazan Fumarate Market
The market for Vonoprazan Fumarate was estimated at $4.0 billion in 2024; it is anticipated to increase to $8.6 billion by 2030, with projections indicating growth to around $16.2 billion by 2035.
Global Vonoprazan Fumarate Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Vonoprazan Fumarate industry revenue is expected to be around $4.6 billion in 2025 and expected to showcase growth with 13.4% CAGR between 2025 and 2034. The notable growth in the Vonoprazan Fumarate market can be attributed to significant factors such as the increasing occurrence of gastroesophageal reflux disease on a global scale and the growing elderly population which has boosted the demand for Vonoprazan Fumarate in the pharmaceutical industry worldwide. Moreover the market is further propelled by the growing preference, for this medication owing to its effectiveness and safety record when compared to traditional proton pump inhibitors. Pharmaceutical companies strategic initiatives in developing and bringing Vonoprazan Fumarate based treatments to market have significantly contributed to its robust position, in the market.
Vonoprazan Fumarate, a potassium competitive acid blocker (P CAB) is known for its excellent ability to heal the mucosa and provide long lasting relief from symptoms of erosive esophagitis making it a popular choice for treating conditions such, as peptic ulcers and gastroesophageal reflux disease.
Market Key Insights
- The Vonoprazan Fumarate market is projected to grow from $4.0 billion in 2024 to $14.2 billion in 2034. This represents a CAGR of 13.4%, reflecting rising demand across Gastrointestinal Disorders Management, Erosive Esophagitis Treatment and Helicobacter pylori Eradication.
- Takeda Pharmaceutical Company Limited, Zeria Pharmaceutical Co. Ltd, EA Pharma Co. Ltd are among the leading players in this market, shaping its competitive landscape.
- U.S. and Japan are the top markets within the Vonoprazan Fumarate market and are expected to observe the growth CAGR of 12.1% to 16.1% between 2024 and 2030.
- Emerging markets including Mexico, Thailand and South Africa are expected to observe highest growth with CAGR ranging between 9.4% to 14.1%.
- Transition like The Shift toward Advanced Gastric Acid Management is expected to add $544 million to the Vonoprazan Fumarate market growth by 2030.
- The Vonoprazan Fumarate market is set to add $10.2 billion between 2024 and 2034, with manufacturer targeting Gastric Ulcer & Duodenal Ulcer Application projected to gain a larger market share.
- With Rising gastroesophageal reflux disease prevalence, and Chronicity of peptic ulcer disease, Vonoprazan Fumarate market to expand 252% between 2024 and 2034.