Trulicity Market Scope
Trulicity is an Injectable medication based on Dulaglutide. Trulicity is used as a supplement to routine treatment to minimize the likelihood of serious adverse coronary conditions in people with type 2 diabetes who have established cardiovascular disease or is exposed to multiple cardiovascular risk factors Trulicity also used to help with glycemic reduction when combined with diet and exercise. Trulicity is a non-insulin alternative that aids in the release of insulin that the body already produces and is associated to decrease blood sugar levels. Dulaglutide is required to be administered on a weekly basis through a healthcare professional. Without proper prescription or over/under dose the medication may have adverse side effects including Gastrointestinal disorders (nausea, vomiting and diarrhoea), Immunogenicity and Hypersensitivity.
The Trulicity market study is segmented and major geographies with country level break-up.
The global 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.
Eli Lilly and Company (United States) are some of the key players that are part of study coverage.
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
AMA Research has segmented the market of Global Trulicity market by Type, Application and Region.
On the basis of geography, the market of Trulicity 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).
Market Leaders and their expansionary development strategies
On 4th September, 2020 - Eli Lilly Received US Food and Drug Administration (FDA) Clearance for Two Additional Doses of Its Type 2 Diabetes Drug Trulicity (Dulaglutide), Based on Revision of the Findings of Phase III AWARD-11 Clinical Trial that Proved Higher Doses Resulted in Greater A1C And Body Weight Loss Relative to 1.5mg Dosage.
United States, Food and Drug Administration “Trulicity/ Dulaglutide”; Provides a Comprehensive List of Procedures Regarding the Usage, Indications and Dosage Requirements Based on the Patient Profile of Trulicity Injections Across US.
Market Trend
- Technical Progress in Medical Industry
- Heavy Investments in Healthcare Research & Development
Market Drivers
- Prevalence of Type 2 Diabetes
- Rising Geriatric Population
Opportunities
- Growth in Healthcare infrastructure Due to Pandemic
- Low Penetration in Emerging Regions
Restraints
- Complications Leading to Adverse Reactions
Challenges
- Regulatory Approval
- Strategic Diversification
Key Target Audience
Trulicity Manufactures, New Entrants and Investors, API Providers, Trulicity Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others