Alpha Glucosidase Inhibitors Market: Future Demand And Top Key Players Analysis 2029
What Is The Expected Cagr For The Alpha Glucosidase Inhibitors Market Through 2025?
The market size for alpha glucosidase inhibitors has seen robust growth in the past few years. The market's growth is expected to climb from $4.52 billion in 2024 to $4.84 billion in 2025, experiencing a compound annual growth rate (CAGR) of 7.0%. The historical growth of this market has been driven by an increased prevalence of diabetes, more awareness about managing diabetes, developing strategies for treating diabetes, a preference for orally administered antidiabetic drugs, and practices informed by clinical research and evidence-based medicine.
In the forthcoming years, a robust escalation is anticipated for the alpha glucosidase inhibitors market, which is projected to reach $6.49 billion by 2029, advancing at a compound annual growth rate (CAGR) of 7.6%. This growth during the forecast period can be ascribed to the increasing stress on early intervention, the expansion of the elderly population, initiatives taken worldwide for diabetes control, and the incorporation of the inhibitors in combination therapies. The forecast period is going to see some significant trends, including approaches centering around patients, intensified focus on managing type 2 diabetes, technological enhancement in administering drugs, the rise of emerging markets and globalization, along with collaborations and partnerships.
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What Are The Key Factors Driving Growth In The Alpha Glucosidase Inhibitors Market?
The forecasted increase in diabetes worldwide is anticipated to accelerate the alpha-glucosidase inhibitors market's expansion. As a chronic metabolic disorder, diabetes is characterized by elevated levels of blood glucose or blood sugar, leading to potential damage to the heart, blood vessels, eyes, kidneys, and nerves over time. Alpha-glucosidase inhibitors hinder carbohydrate absorption in the small intestine, reducing spikes in postprandial blood glucose levels, thereby managing diabetes. For example, the Belgium-based International Diabetes Federation reported in November 2022 that 537 million adults worldwide (or 1 in 10) are affected by diabetes. Moreover, the global instance of diabetes is projected to rise by 643 million people by 2030, and by 783 million people by 2045. Consequently, the escalating rates of diabetes worldwide are propelling the growth of the alpha-glucosidase inhibitors market.
What Are The Top Players Operating In The Alpha Glucosidase Inhibitors Market?
Major players in the Alpha Glucosidase Inhibitors include:
. Bayer AG
. Merck & Co.
. Alkem Laboratories Ltd.
. Cipla Limited
. Dr. Reddy's Laboratories Ltd.
. Emcure Pharmaceuticals Ltd.
. Lupin Ltd.
. Novartis AG
. Sanofi SA
. Sun Pharmaceutical Industries Ltd.
What Are The Major Trends That Will Shape The Alpha Glucosidase Inhibitors Market In The Future?
Product innovation is emerging as a notable trend within the alpha-glucosidase inhibitors market. Notable companies within this market are channeling their efforts into the creation of novel products to maintain their competitiveness. Take, for example, the events of January 2023, where TheracosBio, an American pharmaceutical corporation, secured approval from the U.S. FDA for Brenzavvy (bexagliflozin), a treatment for adults diagnosed with type 2 diabetes. Brenzavvy distinguishes itself as a unique oral inhibitor of sodium-glucose cotransporter 2 (SGLT2) and it's recommended as an adjunct to diet and physical activity. This allows individuals suffering from type 2 diabetes to more efficiently regulate their blood sugar levels by prompting the kidneys to eliminate sugar in urine.
Comprehensive Segment-Wise Insights Into The Alpha Glucosidase Inhibitors Market
The alpha glucosidase inhibitors market covered in this report is segmented –
1) By Type: Dumping Syndrome, Type 2 Diabetes
2) By Drug Class: Acarbose, Miglitol, Voglibose
3) By Constituent: Glucoamylase, Isomaltase, Maltase, Sucrase
4) By Distribution Channel: Online Pharmacies, Retail Pharmacies, Hospital Pharmacies
Subsegments:
1) By Dumping Syndrome: Post-Gastric Surgery Management, Symptomatic Treatment
2) By Type 2 Diabetes: Monotherapy, Combination Therapy
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Global Alpha Glucosidase Inhibitors Market - Regional Insights
In 2024, North America dominated the market for alpha glucosidase inhibitors. Anticipations are high for the Middle East as it's projected to experience the most rapid growth during the forecast period. The report provides information about several regions, which includes Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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