Oral Hypoglycemic Agents (OHAs) Market would rocket up to USD 83.75 billion by 2030,Trends

Oral hypoglycemic agents (OHAs) are medications used to manage and control blood sugar levels in individuals with diabetes. They are taken orally, making them a convenient treatment option for many patients. These drugs work by either increasing insulin production, improving insulin sensitivity, or reducing glucose production in the liver. They play a vital role in diabetes management, helping to prevent complications and maintain healthy blood sugar levels.

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Oral Hypoglycemic Medications are medications that are taken by mouth to manage blood sugar levels in people with type 2 diabetes. Diabetes is a metabolic disorder in which patients suffer from high blood glucose level than normal levels in an individual. These rises in blood sugar level are due to the body's cells do not respond properly to insulin or due to inadequate insulin production.

Diabetes is characterized by two types; insulin-dependent diabetes mellitus (type 1) and non-insulin-dependent diabetes mellitus (type 2). The most common symptoms of diabetes are increased thirst, frequent urination, weight and muscle loss, blurred vision, delayed wound healing, and fatigue. The increase in the prevalence of diabetes is an act at a major driver of the oral hypoglycemic agents (OHAs) market.

Data Bridge Market Research analyses that the Oral hypoglycemic agents (OHAs) Market which was USD 61.20 billion in 2022, would rocket up to USD 83.75 billion by 2030, and is expected to undergo a CAGR of 4.00% during the forecast period. "Metformin" dominates the type of product segment of the oral hypoglycemic agents (OHAs) market owing to their therapeutic efficacy and minimal side effects. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Opportunities

Development of novel drug formulations

The market growth presents an opportunity for pharmaceutical companies to invest in the development of novel drug formulations. This includes extended-release formulations, combination therapies, and innovative drug delivery systems that enhance patient compliance, convenience, and efficacy.

Drivers

Increasing Prevalence of Diabetes

The global prevalence of diabetes is on the rise, primarily driven by factors such as sedentary lifestyles, unhealthy diets, and obesity. As the number of people diagnosed with diabetes increases, so does the demand for effective oral hypoglycemic agents. The expanding patient pool drives market growth for these medications.

Some of the major players operating in the oral hypoglycemic agents (OHAs) market are:

Sanofi (France)

Ganlee (China)

Biocon (India)

Novo Nordisk A/S (Denmark)

Eli Lilly and Company (U.S.)

Tonghua Dongbao Pharmaceutical Co., Ltd. (China)

Wanbang Biopharmaceuticals (China)

Novartis AG (Switzerland)

Pfizer Inc. (U.S.)

Takeda Pharmaceuticals Limited (Japan)

Merck Sharp & Dohme Corp. (MSD) (U.S.)

Global Oral hypoglycemic agents (OHAs) Market Scope

The oral hypoglycemic agents (OHAs) market is segmented on the basis of the type of product and end-users. 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.

Type of Product

Sulfonylureas

Metformin

Thiazolidinediones

Alpha-Glucosidase Inhibitors

Immunotherapy

End users

Hospitals

Clinics

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