Research and Markets: In China the CAGR of Sales Revenue of Esomeprazole Outstepped 48% from 2005 to 2014
June 10, 2015 | By Business Wire News
DUBLIN
Research and Markets (http://www.researchandmarkets.com/research/kz72l9/investigation) has announced the addition of the “Investigation Report on China’s Esomeprazole Market, 2010-2019” report to their offering.
Esomeprazole is a proton pump inhibitor that appeared on the market in 2000. It becomes popular in the market because of high bioavailability, effective and lasting inhibition of gastric acid and low toxic and side effect. Total sales revenue of Nexium (trade name of esomeprazole produced by Astra Zeneca) since it was launched is over tens of billions dollars, making it one of the most important products from Astra Zeneca. Patent No. 94190335. 4 is the most crucial patent for Nexium which expires in May 2014.
Statistics shows that there are over 120 million people suffering from enterogastric diseases in China, which is the most in the world. Incidence of peptic ulcer is 10% while that of chronic gastritis is 30%.
Nexium produced by Astra Zeneca entered China in 2004. According to the author’s investigation in China’s market, the CAGR of sales revenue of esomeprazole outstepped 48% from 2005 to 2014. In 2014, the sales value in sample hospital exceeded CNY 80 million, which was spectacularly successful. By the end of 2014, the Chinese market was absolutely dominated by products from Astra Zeneca.
Chongqing LUMMY Pharmaceutical Co., Ltd. applied for 4 new drug registrations with esomeprazole in 2010, which was approved in August 2013. It is estimated that the market pattern of esomeprazole in China will change in 2015. In the short term, Nexium produced by Astra Zeneca will still have an absolute advantage in the market, but its market share will decline in the long run.
Companies Mentioned:
– AstraZeneca(Wuxi)
– AstraZeneca(Sweden)
– Chongqing LUMMY Pharmaceutical Co., Ltd.
For more information visit http://www.researchandmarkets.com/research/kz72l9/investigation
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