Gemigliptin Market Research Report 2023 | InsightAce Analytic

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global xx Market Size, Share & Trends Analysis Report By Type of Drug (Gemigliptin Monotherapy & Gemigliptin Combination Therapy), By Dosage Form (Gemigliptin Tablets & Gemigliptin Injectable), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies, & Online Pharmacies), By End-User (Hospitals, Clinics and Outpatient Facilities, & Homecare Settings), By Patient Demographics (Adultand Geriatric), Region, Market Outlook And Industry Analysis 2031"

The global Gemigliptin Market is estimated to reach over USD 2.65 billion by 2031, exhibiting a CAGR of 5.5% during the forecast period.

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Gemigliptin is an oral diabetes medicine that belongs to the dipeptidyl peptidase-4 (DPP-4) inhibitor class. It is used to treat type 2 diabetes, a chronic metabolic condition marked by insulin resistance and high blood sugar levels. Gemigliptin works by inhibiting the enzyme DPP-4, which is in charge of the breakdown of incretin hormones, which regulate blood glucose levels.

Gemigliptin enhances the levels of these hormones by blocking DPP-4, resulting in improved insulin secretion and decreased glucose synthesis by the liver. Due the rising incidence of diabetes worldwide and the increasing acceptance of efficient oral antidiabetic medications, the global Gemigliptin market has been steadily growing. Pharmaceutical companies continue investing in R&D to improve existing pharmaceuticals and discover novel treatments. This continuous innovation could lead to the release of newer and more advanced DPP-4 inhibitors, thereby growing the market. Gemigliptin is becoming more popular as a safer and more convenient diabetes treatment choice.

List of Prominent Players in the Gemigliptin Market:
• LG Chem
• Hanmi Pharmaceutical Co., Ltd.
• Boryung Pharmaceutical Co., Ltd.
• Novartis AG
• EirGenix, Inc.
• Biocon Limited
• G.L. Pharma GmbH
• Daewoong Pharmaceutical Co., Ltd.
• Sandoz International GmbH
• Boryung Pharmaceutical Co., Ltd.
• VHB Life Sciences Limited
• HanAll Biopharma
• Taiba Healthcare
• Huons Co., Ltd.
• Dong-A ST Co., Ltd

Market Dynamics:
Drivers-
Diabetes is becoming more common worldwide at an alarming rate, affecting millions of people. Diabetes is becoming a significant public health concern, and there is an increasing demand for effective and safe antidiabetic medications like Gemigliptin to control the condition and improve patient outcomes. Furthermore, oral antidiabetic drugs are gradually replacing insulin injections due to their comfort and ease of administration. Gemigliptin is an oral antidiabetic medicine favored by patients who are not insulin-dependent, contributing to its market growth.

Challenges:
Gemigliptin faces significant competition from other types of diabetes drugs, such as metformin, sulfonylureas, and SGLT-2 inhibitors. Established pharmaceuticals with a lengthy history of usage and proven performance may hinder the market penetration of newer therapies like Gemigliptin. Patents on Gemigliptin and other DPP-4 inhibitors may expire, allowing generic copies to enter the market. This can lead to pricing challenges and limited revenue possibilities for branded Gemigliptin medicines. In addition, As with any medicine, safety issues might influence patient and physician opinions of Gemigliptin. Although the safety profile of Gemigliptin is generally well-established, continued monitoring and any safety alerts may limit its uptake and use.

Regional Trends:
The North America Gemigliptin Market is expected to report a major market share and is projected to grow at a high CAGR shortly. Diabetes, particularly type 2 diabetes, is a significant driver of the Gemigliptin market in North America. Diabetes has become more prevalent in the region due to factors such as sedentary lifestyles, bad diets, and obesity. Because of North America's well-developed healthcare infrastructure, drugs such as Gemigliptin are widely available. Healthcare providers have the resources necessary to diagnose, treat, and control diabetes properly. Diabetes prevalence, particularly type 2 diabetes, has risen dramatically in Asia. Changes have aided this rise in lifestyle, urbanization, and food preferences. The Asia Pacific area has a sizable generics market, and the advent of generic versions of Gemigliptin or other DPP-4 inhibitors could have an impact on market dynamics.

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Recent Developments:
• In March 2023, Sanofi introduced a new fixed-dose combination medication, including gemigliptin and saxagliptin (Jentadueto XR), in the United States. This medicine is indicated for treating individuals with type 2 diabetes mellitus who are not effectively controlled with diet and exercise alone or with other diabetes drugs.

Segmentation of Gemigliptin Market-
By Type of Drug-
• Gemigliptin Monotherapy
• Gemigliptin Combination Therapy)

By Dosage Form-
• Gemigliptin Tablets
• Gemigliptin Injectable

By Distribution Channel-
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

By End-User-
• Hospitals
• Clinics and Outpatient Facilities
• Homecare Settings

By Application-
• Type 2 diabetes
• Prediabetes

By Patient Demographics-
• Adult Population
• Geriatric Population

By Region-
North America-
• The US
• Canada
• Mexico

Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe

Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific

Latin America-
• Brazil
• Argentina
• Rest of Latin America

Middle East & Africa-
• GCC Countries
• South Africa
• Rest of the Middle East and Africa

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This release was published on openPR.