Global Oral Hypoglycemic Drugs Market Overview:
According to the International Diabetes Federation estimates, the prevalence of diabetes is anticipated to escalate from 366 million in 2011 to 552 million by 2030. Statistically, approximately 80% to 90% of the patients diagnosed with hypoglycemic are also treated with obesity. Moreover, Type I and type II diabetes is expected to propel the demand for oral hypoglycemic drugs as it is a proven diabetes controller among patients globally. Oral hypoglycemic drugs are used only in the treatment of type 2 diabetes which is a disorder involving resistance to secreted insulin. Further, the rising investments on healthcare facilities have led the pharmaceutical industry to experiment with more pipeline drugs for diabetes which in turn is fostering the global oral hypoglycemic drugs market. Some of the players profiled in the study are Sanofi-Aventis (France), Eli Lilly and Company (United States), Oramed Pharmaceuticals (Israel), Takeda Pharmaceuticals Private Limited (Japan), Boehringer Ingelheim (Germany), Novo Nordisk (Denmark), Halozyme Therapeutics (United States), Bristol-Myers Squibb Company (United States), Pfizer Inc. (United States) and Tonghua Dongbao Pharmaceutical Co., Ltd. (China).
On the basis of geography, the market of Oral Hypoglycemic Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Drugs, the sub-segment i.e. Generic will boost the Oral Hypoglycemic Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Oral Hypoglycemic Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Drug Class, the sub-segment i.e. Biguanides (Metformin) will boost the Oral Hypoglycemic Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Prevalence of Diabetes Population among Patients
- Rising Disposable Income and Sedentary Lifestyle of Consumers
- Increasing Government Support and Awareness Related to Condition of Hypoglycemic
Influencing Trend
- Introduction of new Product Launch and Commercialization of Products in the Pipeline
- Rising Demand for Oral Drugs to Reduce Sugar Level among Hypoglycemic Population
Restraints
- High Cost of Antidiabetic Drugs may hamper the Market Growth
Opportunities
- High Investment in Healthcare Sector by the Government to Improve Medical Infrastructure
Challenges
- Stringent Government Regulations and Lack of Awareness about Therapeutic Drug Treatment for Hypoglycemic
September 2017, Biocon and JDRF, a leading global organization funding Type 1 diabetes (T1D) research and advocacy worldwide, announced a partnership to support a global study with an oral insulin drug candidate, Insulin Tregopil, in people with T1D. and Insulin Tregopil, an oral insulin molecule being developed by Biocon, is one of the advanced programs in the global oral insulin space. The fast-acting oral insulin could improve post-prandial glucose control with reduced side effects and greater adherence, thus holding a promise to transform T1D management.
January 2019, The Endocrinologic and Metabolic Drugs Advisory Committee of the Food and Drug Administration announced the benefits of Zynquista (sotagliflozin) outweighed the risks to support approval. Sotagliflozin is an investigational oral dual SGLT1 and SGLT2 inhibitor under regulatory review as an adjunct to insulin for the treatment of adults with type 1 diabetes (T1D).
The global oral hypoglycemic drugs market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth.
Target Audience:
Oral Hypoglycemic Drugs Manufacturers, Industry Association, Downstream Vendors, Marketing & Consulting firms, Venture Capitalists, Government & Regulatory Bodies and Traders/Suppliers & Distributors
Major Objectives Focused through this Study
To define, describe, and forecast the Global Oral Hypoglycemic Drugs market on the basis of product [] , application [], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Oral Hypoglycemic Drugs market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Oral Hypoglycemic Drugs industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are Astellas Pharma Inc.(Japan), Merck and Co.Inc.(United States) and AstraZeneca plc (United Kingdom).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Oral Hypoglycemic Drugs market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.