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Alpha-glucosidase Inhibitors Market Share

Report ID: GMI10795
Published Date: Aug 2024
Report Format: PDF

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Alpha-glucosidase Inhibitors Market Share

The competitive landscape of the market is characterized by a mix of established pharmaceutical companies and emerging players. Key market participants include companies like Bayer AG, Merck & Co., and Astellas Pharma, which have long dominated the space with well-established products such as acarbose and miglitol. These major players leverage their extensive distribution networks, substantial R&D investments, and strong brand recognition to maintain market leadership.

However, the market is also witnessing increased competition from newer entrants focusing on developing novel formulations and improving drug efficacy. These emerging players often bring innovative approaches to address unmet needs in diabetes management, such as enhanced tolerability or combination therapies. Additionally, the market dynamics are influenced by ongoing regulatory changes, patent expirations, and shifts towards personalized medicine, which drive both opportunities and challenges for companies operating in this space.

Alpha-glucosidase Inhibitors Market Companies

Few of the prominent players operating in alpha-glucosidase inhibitors industry include:

Alkem Laboratories Ltd.
Bayer AG
Cipla Limited
Dr. Reddy's Laboratories Ltd.
Emcure Pharmaceuticals Ltd.
Lupin Ltd.
Merck & Co.
Novartis AG
Sanofi SA
Sun Pharmaceutical Industries Ltd.
Takeda Pharmaceutical Company
Torrent Pharmaceuticals Ltd.
Unichem Laboratories Ltd.

Authors: Mariam Faizullabhoy, Gauri Wani

Frequently Asked Questions (FAQ) :

Alpha-glucosidase inhibitors market size was worth USD 3.3 billion in 2023 and will grow at a 3.2% CAGR between 2024 and 2032, propelled by the rising prevalence of diabetes and obesity, increasing awareness of diabetes management, and the growing elderly population.

Alpha-glucosidase inhibitors industry in the type 2 diabetes mellitus segment captured 86.3% share in 2023 due to the high global prevalence of this condition, particularly in aging and obese populations.

North America alpha-glucosidase inhibitors industry will witness 2.8% CAGR through 2032, owing to the high prevalence of type 2 diabetes, robust healthcare infrastructure, and increasing awareness of diabetes management.

Some of the leading alpha-glucosidase inhibitors industry players include Alkem Laboratories Ltd., Bayer AG, Cipla Limited, Dr. Reddy's Laboratories Ltd., Emcure Pharmaceuticals Ltd., Lupin Ltd., Merck & Co., Novartis AG, Sanofi SA, Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company, Torrent Pharmaceuticals Ltd., and Unichem Laboratories Ltd., among others.