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Dipeptide Peptidase 4 Inhibitors Market Set for Growth: Detailed Analysis Reveals Market Share, Demand Drivers, Key Trends, and Future Growth Prospects
Dipeptide Peptidase 4 Inhibitors Market
As per the report, the dipeptide peptidase 4 inhibitors market size has grown strongly in recent years. It will grow from $10.73 billion in 2023 to $11.30 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The dipeptide peptidase 4 inhibitors market size is expected to see strong growth in the next few years. It will grow to $13.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%.
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Rising Prevalence Of Diabetes Fueling Growth Of Dipeptidyl Peptidase 4 Inhibitors Market
The rising prevalence of diabetes is expected to propel the growth of the dipeptide peptidase 4 inhibitors market going forward. Diabetes is a chronic medical condition that affects the way the body metabolizes glucose (sugar), which is a critical source of energy for the body's cells. Diabetes cases are increasing primarily because of the widespread adoption of sedentary lifestyles and unhealthy eating habits in contemporary societies. Dipeptidyl peptidase 4 inhibitors are utilized in diabetes management to enhance glycemic control by inhibiting the degradation of incretin hormones. For instance, in 2024, according to the International Diabetes Federation, a Belgium-based health organization, 537 million adults (1 in 10) were living with diabetes in 2021, and this is expected to rise to 643 million by 2030 and 783 million by 2045. Therefore, the rising prevalence of diabetes drives the dipeptide peptidase 4 inhibitors market.
Government-Led Diabetes Management Initiatives Fueling Growth In DPP-4 Inhibitors Market
The rising government initiatives for diabetes management are expected to propel the growth of the dipeptide peptidase 4 inhibitors market going forward. Government initiatives refer to programs, policies, or actions undertaken by government entities at various levels (local, regional, national, or international) to address specific issues, improve public welfare, or achieve particular goals. The rising government initiatives for diabetes management are due to economic burden, health equity, and growing concerns about health management. Government initiatives contribute significantly to dipeptide peptidase 4 inhibitors development for promoting health facilities, ensuring access, fostering innovation, and investment in drug development. For instance, in 2023, according to the Australian Government Department of Health, an Australia-based government agency, the government initiated the Australian National Diabetes Strategy 2021-2030. This strategy emphasizes the importance of preventing, detecting, and managing diabetes, aligning with international policies like the Global Action Plan for the Prevention and Control of Non-Communicable Diseases and the WHO Global Diabetes Compact. Therefore, rising government initiatives for diabetes management drive the dipeptide peptidase inhibitors market.
The dipeptide peptidase 4 inhibitors market covered in this report is segmented -
1) By Type: Sitagliptin, Saxagliptin, Linagliptin, Alogliptin, Vildagliptin, Others Types
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Channels
3) By Application: Type 2 Diabetes, Gestational Diabetes, Metabolic Syndrome, Other Applications
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Major companies operating in the dipeptide peptidase 4 inhibitors market are Merck & Co. Inc., Novartis AG, Bristol Myers Squibb Company, AstraZeneca Plc, GlaxoSmithKline Plc, Eli Lilly and Company, Boehringer Ingelheim International GmbH, Takeda Pharmaceutical Company Limited, Daiichi Sankyo Company Limited, Macleods Pharmaceuticals Ltd., Mitsubishi Tanabe Pharma Corp., Dr. Reddy's Laboratories Ltd., Cipla Limited, Cadila Healthcare Limited, Lupin Limited, Zydus Lifesciences Ltd., Glenmark Pharmaceuticals Ltd., Aurobindo Pharma Limited, Alkem Laboratories Ltd., Torrent Pharmaceuticals Limited, Biocon Limited, LG Life Sciences, USV Private Limited, Sanwa Kagaku Kenkyusho Co. Ltd., Kowa Company Ltd
Contents of the report:
1. Executive Summary
2. Dipeptide Peptidase 4 Inhibitors Market Report Structure
3. Dipeptide Peptidase 4 Inhibitors Market Trends And Strategies
4. Dipeptide Peptidase 4 Inhibitors Market - Macro Economic Scenario
5. Dipeptide Peptidase 4 Inhibitors Market Size And Growth
…..
27. Dipeptide Peptidase 4 Inhibitors Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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