Global Glucagon Market Overview:
Glucagon is peptide hormone drug that is highly utilized to treat hypoglycemia and diabetes. In today’s time, the demand for Glucagon Like Peptide 1 is increasing rapidly as it is used to treat type 2 diabetes in the patient. It is increasingly adopted as an emergency medicine for hypoglycemia for the patient who cannot take sugar by mouth as well as a diagnostic aid during X-ray tests of the stomach and bowels.
As per latest study released by AMA Research, the Global Glucagon market is expected to see growth rate of 6.6%Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Increased Focus on the Research & Development of New Glucagon Formulations to Offer Potentially Easier Delivery
Market Growth Drivers:
Surging Demand of Glucagon as Emergency Medicine to Increase the Level of Blood Glucose in Severe Hypoglycemia and Increasing Use of Glucagon for the Treatment of Patients with Type 1 Diabetes
Challenges:
The Drug Inhibits Movement of the Gastrointestinal (GI) Tract Temporarily and Allergic Reactions in Some People
Restraints:
High Cost Associated with Glucagon May Limit the Adoption in the Rural Areas and Small Hospitals or Clinics
Opportunities:
Rising Number of People with Type 2 Diabetes Due to Change in Lifestyle and Eating Habits and High Application of Glucagon in the Injectable Form by the End Users
Competitive Landscape:
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new product launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Torrent Labs (United States), Xeris Pharmaceuticals, Inc. (United States), Pfizer (United States), Novo Nordisk (Denmark), Taj Pharmaceuticals (India), Fresenius Kabi (Germany), Eli Lilly and Company (United States), Mayo Clinic (United States), Amphastar Pharmaceuticals (United States) and Zealand Pharma (Denmark). Analyst at AMA Research see United States Players to retain maximum share of Global Glucagon market by 2030. Considering Market by End Users, the sub-segment i.e. Hospitals will boost the Glucagon market. Considering Market by Form, the sub-segment i.e. Injectable will boost the Glucagon market. Considering Market by Age Group, the sub-segment i.e. Pediatric will boost the Glucagon market.
Latest Market Insights:
In 2021, Zealand Pharma announced the FDA approval of its Zegalogue (dasiglucagon) injection for the treatment of severe hypoglycemia in pediatric and adult patients. The Zegalogue will be available in an auto injector and a prefilled syringe for the treatment. and In 2020, Amphastar Pharmaceuticals, Inc. announced the FDA approval of Glucagon for Injection Emergency Kit, 1 mg. It is used for the treatment of severe hypoglycemia as well as a diagnostic aid. The newly launched synthetic peptide product was determined to be bioequivalent and therapeutically equivalent to Eli Lilly’s Glucagon Emergency Kit for Low Blood Sugar.
What Can be Explored with the Glucagon Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Glucagon Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Glucagon
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Glucagon market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Glucagon market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Glucagon Manufacturers, Venture Capitalists and Private Equity Firms, Government Bodies and Research Organizations, End-Users and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.