Press release
Sulfonylureas Market is Valued at USD 8,485.43 Million at a Potential Growth rate During the Forecast Period 2029
In recent years, the sulfonylureas market is anticipated to grow rapidly during the forecast period. As per the World Health Organization, approximately 1.9 billion adults were overweight in 2016, with around 650 million being obese. Diabetes is becoming more common due to risk factors such as obesity and overweight. As a result, risk factors including smoking, being overweight, being obese, and having high cholesterol levels are projected to increase the prevalence of diabetes, increasing the demand for sulfonylureas market. Sulfonylureas are oral hypoglycaemic medication used to treat type 2 diabetes. The sulfonylureas cause the pancreas to secrete more insulin.
Data Bridge Market Research analyses that the sulfonylureas market was valued at USD 6,600.44 million in 2021 and is expected to reach USD 8,485.43 million by 2029, registering a CAGR of 3.19% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Sulfonylureas are a class of drugs that are used to treat type 2 diabetes. Sulfonylureas function by decreasing blood glucose levels and increasing the secretion of insulin from the pancreas' beta cells. Sulfonylureas do not operate in patients with type 1 diabetes because their effect is dependent on the presence of active beta cells. Sulfonylureas promote insulin release by inhibiting ATP-sensitive potassium channels by lowering potassium permeability in beta cells. This causes the cell to depolarize and enhance calcium entry, resulting in an increase in insulin secretion.
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Global Sulfonylureas Market Scope
The sulfonylureas market is segmented on the basis of drugs, indication, dosage form, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Drugs
Glyburide
Glipizide
Glimepiride
Others
Indication
Diabetes
Others
Dosage form
Tablets
Capsules
Others
Route of Administration
Oral
Others
End-Users
Hospitals
Specialty Clinics
Homecare
Others
Distribution Channel
Hospital Pharmacy
Retail Pharmacy
Online Pharmacy
Others
Competitive Landscape and Sulfonylureas Market Share Analysis
The Sulfonylureas market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to sulfonylureas market.
Some of the major players operating in the sulfonylureas market are:
Amneal Pharmaceuticals LLC. (US)
Dr. Reddy's Laboratories Ltd. (India)
AstraZeneca (UK)
Johnson & Johnson Private Limited (US)
Bausch Health Companies Inc. (Canada)
Eli Lilly and Company (US)
AbbVie Inc. (US)
Abbott (US)
F. Hoffmann-La Roche Ltd. (Switzerland)
Mylan N.V. (US)
Teva Pharmaceutical Industries Ltd. (Israel)
Sanofi (France)
Novartis AG (Switzerland)
Sun Pharmaceutical Industries Ltd. (India)
Aurobindo Pharma (India)
Lupin (India)
Allergan (Ireland)
Merck & Co., Inc. (US)
Pfizer Inc. (US)
GlaxoSmithKline plc (UK)
Zydus Cadila (India)
Hikma Pharmaceuticals PLC (UK)
Cipla Inc. (US)
Apotex Inc. (Canada)
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