Omeprazole Market Size

Omeprazole Market size was valued at USD 1.06 Billion in 2023 and is expected to cross USD 2.38 Billion by the end of 2036, expanding at more than 6.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of omeprazole is estimated at USD 1.12 Billion. Increasing cases of chronic diseases globally are boosting market growth. As per a report generated by WHO, at the end of 2050 chronic diseases such as cancer, diabetes, and respiratory ailments will be responsible for a startling 90% of all global fatalities.

Positive results during the clinical trials of omeprazole in H. pylori elimination therapy are anticipated to increase the demand for omeprazole globally during the foreseen period. In order to treat Helicobacter pylori infection, RedHill Biopharma, for example, recently published the phase 3 findings of the Talicia capsule, which combines antibiotics and a proton pump inhibitor.