What is Liraglutide Market?
Overweight and obesity lead to numerous adverse conditions including type 2 diabetes, cardiovascular disease, stroke, and certain cancers. The worldwide spread of obesity and associated comorbidities not only threatens quality of life but also presents a significant economic burden. Liraglutide helps to induce and sustain weight loss in patients with obesity. Its efficacy is comparable to other available agents but it offers the unique benefit of improved glycemic control. Liraglutide should not be used in patients with type 1 diabetes mellitus or for the treatment of diabetic ketoacidosis. Liraglutide is not a substitute for insulin.
The market study is being classified, by Application (Hospital, Clinics and Drug Store) and major geographies with country level break-up.
HEC Pharm (China), Teva (Israel), Bachem (Switzerland), Bharat Pharmaceuticals (India), Shenzhen JYMed Technology (China), WuXi AppTec Co., Ltd. (China), AmbioPharm, Inc (United States), Rochem International Inc. (United States), ALP Pharm (China) and Viruj Pharma (India) are some of the key players profiled in the study.
Key players are implementing various strategies such as new product development, joint ventures, partnerships and others. Medical technology and healthcare companies are setting standards by manufacturing liraglutide with the help of various technological advancements. Research Analyst at AMA predicts that Chinese Vendors will contribute to the maximum growth of Global Liraglutide market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Liraglutide market by Type, Application and Region.
On the basis of geography, the market of Liraglutide 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing preference for health care
Market Trend
- Upgradation in the medical treatments
Restraints
- Over dosage of liraglutide might result in the occurrence if tumors in thyroid glands
Opportunities
- Increasing demand from developing countries such as India and China
Challenges
- Lack of clinical trial evidence showing a significant benefit from increasing the liraglutide dose
Key Target Audience
Suppliers of medicines, Wholesalers, distributers and retailers of medicines., Health Care industry, Pharmaceutical Industry, Laboratory, Government Bodies and Others