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Lixisenatide Market Booming Worldwide with Latest Trend and Future Scope by 2029

09-20-2023 07:26 AM CET | Health & Medicine

Press release from: Orion Market Research

Lixisenatide Market Booming Worldwide with Latest Trend

Lixisenatide market is anticipated to grow at a significant CAGR during the forecast period. Lixisenatide is a once-daily injectable GLP-1 receptor agonist. It is sold under the brand name Lyxumia in the European Union and Adlyxin in the US. It is manufactured by Sanofi and is used to treat type 2 diabetes. The major factor driving the demand for lixisenatide is the increasing prevalence of diabetes across the globe.

According to the International Diabetes Federation (IDF), in 2021, approximately 537 million adults aged 20-79 years has diabetes globally with 3 in 4 adults with diabetes living in low- and middle-income countries with a mortality rate of 6.7 million people globally. Additionally, the total number of people living with diabetes is anticipated to rise to 643 million by 2030 and 783 million by 2045. Moreover, almost 1 in 2 (240 million) adults living with diabetes are undiagnosed. Hence, the rising prevalence of diabetes is encouraging the demand for lixisenatide.

Some major players in the market include Zealand Pharma A/S and Sanofi SA, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in October 2019, Sanofi announced the launch of Suliqua (insulin glargine/lixisenatide) in the UK. The drug is a once-daily, titratable, fixed-ratio combination of basal insulin glargine 100 Units/mL and GLP-1 receptor agonist lixisenatide used to treat type 2 diabetes in adults.

To Request a Sample of our Report on Lixisenatide Market:  https://www.omrglobal.com/request-sample/lixisenatide-market

Market Coverage

The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030

Segment Covered- 

By Product 
By Type of Manufacturing
By End-User

Regions Covered-

North America
Europe
Asia-Pacific
Rest of the World

Competitive Landscape- Zealand Pharma A/S, and Sanofi SA, among others. 

Lixisenatide Market Report by Segment

By Product

Industrial Grade
Pharmaceutical Grade

By Type of Manufacturing

In-house Manufacturing
Contract Manufacturing Organizations

A full Report of Lixisenatide Market is Available @  https://www.omrglobal.com/industry-reports/lixisenatide-market

Lixisenatide Market Report by Region

North America

United States
Canada

Europe

UK
Germany
Spain
France
Italy
Rest of Europe

Asia-Pacific

India
China
Japan
South Korea
Rest of APAC

Rest of the World

Latin America 
Middle East & Africa

Reasons to buy from us -

We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.

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Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

About Orion Market Research 
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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