Biguanides Market Trends

• The increasing prevalence of diabetes globally, driven by factors such as sedentary lifestyles, poor dietary habits, and aging populations, continues to fuel the demand for biguanide. For instance, according to International Diabetes Federation 2021, in Europe 61 million individuals were affected with diabetes and 1.1 million deaths were reported due to it. Thus, such high number of diabetic patients and increased mortality drives the market expansion.
  
• Furthermore, over 90% of people with diabetes have type 2 diabetes. Biguanides, particularly metformin, remain a preferred first-line treatment for type 2 diabetes due to their efficacy, safety profile, and cost-effectiveness. This preference is likely to persist, contributing to sustained demand for biguanide medications.