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Metformin Hydrochloride Market to Witness Robust Expansion by 2024– Top Key players like Wanbury,USV,Vistin Pharma,Inc.
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Metformin Hydrochloride is the raw material of finished product metformin hydrochloride drugs. That is the API metformin hydrochloride. Metformin Hydrochloride finished product is an oral antihyperglycemic drug used in the management of type 2-diabetes.
For the API product, there are many manufacturers in India, China, and Europe, such as Wanbury, USV, Shouguang Fukang Pharmaceutical, Vistin Pharma, CR Double-Crane and Keyuan Pharmaceutical. Among them, Wanbury and USV are global leading manufacturers with capacity nearly 10000 MT relatively.
Global Metformin hydrochloride consumption is mainly concentrated in Asia Pacific. In 2018, Asia Pacific Metformin hydrochloride consumption took about 61.30%. Followed by Europe with sales share of 14.98%.
According to this study, over the next five years the Metformin Hydrochloride market will register a 4.5% CAGR in terms of revenue, the global market size will reach US$ 340 million by 2024, from US$ 280 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Metformin Hydrochloride business, shared in Chapter 3.
Market Segment by Manufacturers, this report covers
Wanbury
USV
Shouguang Fukang Pharmaceutical
Vistin Pharma
CR Double-Crane
Keyuan Pharmaceutical
Farmhispania Group
Harman Finochem
Shijiazhuang Polee Pharmaceutical
Aarti Drugs
Exemed Pharmaceuticals
Market Segment by Type, covers
Metformin HCL
Metformin DC
Market Segment by Applications, can be divided into
Metformin Hydrochloride Tablets
Metformin Hydrochloride Extended-Release Tablets
Others form
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Related Information:
North America Metformin Hydrochloride Market Growth 2019-2024
United States Metformin Hydrochloride Market Growth 2019-2024
Asia-Pacific Metformin Hydrochloride Market Growth 2019-2024
Europe Metformin Hydrochloride Market Growth 2019-2024
EMEA Metformin Hydrochloride Market Growth 2019-2024
Global Metformin Hydrochloride Market Growth 2019-2024
China Metformin Hydrochloride Market Growth 2019-2024
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