Vonoprazan Fumarate Market
Vonoprazan Fumarate Market
The market for Vonoprazan Fumarate was estimated at $4.05 billion in 2024; it is anticipated to increase to $8.6 billion by 2030, with projections indicating growth to around $16.2 billion by 2035.
Global Vonoprazan Fumarate Market Outlook
Revenue, 2024 (US$B)
$4.0B
Forecast, 2034 (US$B)
$14.2B
CAGR, 2024 - 2034
13.4%
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 $1.5 billion 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.
Opportunities in the Vonoprazan Fumarate
By team up with businesses or distributors, in countries where the drug market is expanding rapidly may boost the sales of Vonoprazan Fumarate significantly and help reach more customers in new markets and regions.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Rising Gastroesophageal Reflux Disease Prevalence
Restraint: Regulatory Concerns
Opportunity: Gastrointestinal Disorders Treatment and Technological Advancements
Challenge: Competitive Market Landscape
Supply Chain Landscape
Raw Material Extraction & Processing
Takeda Pharmaceutical Company
Teva Active Pharmaceutical Ingredients
API Production
Cambrex
Tadalafil API manufacturer
Formulation & Product Manufacturing
Cadila Pharmaceuticals
Zhejiang Huahai Pharmaceutical
Distribution & End-User
Hospitals
Pharmaceutical retailers
Raw Material Extraction & Processing
Takeda Pharmaceutical Company
Teva Active Pharmaceutical Ingredients
API Production
Cambrex
Tadalafil API manufacturer
Formulation & Product Manufacturing
Cadila Pharmaceuticals
Zhejiang Huahai Pharmaceutical
Distribution & End-User
Hospitals
Pharmaceutical retailers