GLP Analogs Market Scope
Glucagon-like peptide-1 agonists are a category of medicines utilized within the treatment of type 2 diabetes and obesity. The utilization of an inter-professional team of nurses, medical aid providers, pharmacists, also as endocrinologists remains pertinent to worry for patients prescribed this class of medicines. It also helps enhance the assembly of insulin. GLP-1 is produced within the gut. The cells within the bowel are the most source of GLP-1. The pancreas and nervous system also produce GLP-1, but in smaller amounts. GLP-1 helps you are feeling full during and between meals by working with the brain and by slowly emptying the stomach. GLP-1 analogues are currently approved for treatment of T2DM as mono-therapy and as add-on therapy to existing anti-diabetes medication (mono, dual, or triple therapy). They need shown to enhance HbA1c by 0.6 to 1.5% with sustained advantage of >1% over a three-year study period. Diabetes is one in every of the fastest growing global health emergencies of the 21st century. According to IDF Diabetes Atlas the patients suffering from diabetes were 463 million people have diabetes in 2019, and this number is projected to achieve 578 million by 2030, and 700 million by 2045.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Novo Nordisk (Denmark), Sanofi (France), Eli Lilly (United States) and AstraZeneca (United Kingdom) |
CAGR | 4.8% |
The market is seeing moderate market players, by seeing huge growth in this market the key leading vendors are highly focusing on production technologies, efficiency enhancement, and product life. This market has various growth opportunities that leading players capture via tracking the ongoing process enhancement and huge investment in market growth strategies.
Novo Nordisk (Denmark), Sanofi (France), Eli Lilly (United States) and AstraZeneca (United Kingdom) 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 the total available market.
Segmentation Overview
The study have segmented the market of Global GLP Analogs market by Type and Region with country level break-up.
On the basis of geography, the market of GLP Analogs 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).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In August 2023, Eli Lilly and Company acquired Akcea Therapeutics for USD 9.3 billion. Akcea's razutagliden pegol, a long-acting GLP-1 receptor agonist, was a key driver for this acquisition, expanding Lilly's diabetes portfolio.
In April 2021, Boehringer Ingelheim launched Jardiance® (empagliflozin) in a new once-weekly dosage option, providing a convenient treatment option for type 2 diabetes patients.
Influencing Trend:
Initiatives by Several Government over Diabetes Care Drugs
Market Growth Drivers:
Rising Number of Diabetic Patient, Uptake of Novel Drugs Drive Sales and Complexity of Alternative Diabetes Management Therapies
Challenges:
Growing Competition and Consolidation of Retail Pharmacy Chains
Restraints:
Low Patient Awareness and Cost Sensitivity
Opportunities:
Growing Adoption of Diabetes Vaccines & Inhalable Insulin and Increasing Diabetes Care Centers
Key Target Audience
Pharmaceutical Companies, Research and Development (R&D) Companies, Research Organization, Federal Agencies, Potential Technology Investors, Regulatory & Government Bodies and Others