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Alpha-glucosidase Inhibitors Market Size

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

Alpha-glucosidase Inhibitors Market Size

Alpha-glucosidase Inhibitors Market size was valued at USD 3.3 billion in 2023 and is anticipated to grow at a CAGR of 3.2% between 2024 and 2032. The market is experiencing robust growth driven by the increasing prevalence of type 2 diabetes worldwide.

 

As the global population ages and lifestyles become more sedentary, the incidence of diabetes is on the rise, particularly in developing regions. This growing patient pool creates a substantial demand for effective therapeutic options like alpha-glucosidase inhibitors, which are widely used to manage blood glucose levels by delaying the absorption of carbohydrates in the intestines. Additionally, the rising awareness about early diagnosis and management of diabetes, coupled with initiatives by governments and healthcare organizations to curb the disease's impact, further propels market expansion.
 

Another significant growth driver is the ongoing advancements in pharmaceutical research and development, leading to the introduction of more potent and safer formulations of alpha-glucosidase inhibitors. Innovations such as combination therapies that pair these inhibitors with other antidiabetic drugs are gaining traction, offering enhanced efficacy and better patient compliance. Furthermore, the increasing focus on precision medicine and the development of targeted therapies tailored to individual patient profiles are expected to fuel the demand for alpha-glucosidase inhibitors, driving sustained growth in the market.
 

Alpha-glucosidase inhibitors are a class of oral medications primarily used to treat type 2 diabetes. These drugs work by slowing down the breakdown of carbohydrates into sugars in the small intestine, which in turn helps to prevent blood sugar spikes after meals.
 

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.

Alpha-glucosidase Inhibitors Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 13
  • Tables & Figures: 262
  • Countries covered: 22
  • Pages: 149
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