Press release
Rise In Diabetes Prevalence Fuels Growth Of The Alpha-Glucosidase Inhibitors Market: Powering Innovation and Expansion in the Alpha Glucosidase Inhibitors Market by 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Is the Expected CAGR for the Alpha Glucosidase Inhibitors Market Through 2025?
The market for alpha glucosidase inhibitors has been experiencing significant expansion in the past few years. Projected growth shows an increase from $4.52 billion in 2024 to $4.84 billion in 2025, with a 7.0% compound annual growth rate (CAGR). Factors contributing to this growth throughout the historical period include heightened occurrence of diabetes, a rise in diabetes management awareness, progress in diabetic treatment methodologies, the preference for oral antidiabetic medicines, as well as clinical research and empirical medicine.
What's the Projected Size of the Global Alpha Glucosidase Inhibitors Market by 2029?
The market for alpha glucosidase inhibitors is projected to experience robust expansion in the forthcoming years, increasing to "$6.49 billion in 2029" at a Compound Annual Growth Rate (CAGR) of 7.6%. The surge during the estimated period is credited to the escalating focus on early intervention, the increasing elderly population, worldwide healthcare endeavors aimed at diabetes regulation, and the incorporation into combination treatments. Decisive inclinations during the predicted period encompass approaches centered around the patient, emphasis on managing type 2 diabetes, advancements in technology for drug delivery, budding markets and globalization, along with alliances and cooperations.
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Top Growth Drivers in the Alpha Glucosidase Inhibitors Industry: What's Accelerating the Market?
The alpha-glucosidase inhibitors market is poised to grow on the back of a global rise in diabetes cases. Diabetes, a metabolic disorder characterized by elevated blood sugar levels, can cause severe damage to vital organs like the heart, blood vessels, eyes, kidneys, and nerves over the long term. Alpha-glucosidase inhibitors aid in diabetes management by blocking carbohydrate absorption in the small intestine, subsequently preventing a surge in post-meal blood sugar levels. As reported by the Belgium-based International Diabetes Federation in November 2022, there were 537 million adult diabetics worldwide, equivalent to one in every ten adults. Moreover, it's projected that the global diabetes population will rise to 643 million by 2030 and 783 million by 2045. Consequently, the global increase in diabetes incidence is spurring the growth of the alpha-glucosidase inhibitors market.
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What Long-Term Trends Will Define the Future of the Alpha Glucosidase Inhibitors Market?
The trend of product innovation is becoming increasingly prevalent in the alpha-glucosidase inhibitors market. Companies that are major players in the alpha-glucosidase inhibitors market are forging innovative product routes to maintain their market standing. For example, TheracosBio, a pharmaceutical company based in the US, was granted approval by the U.S. Food and Drug Administration (FDA) for their product, Brenzavvy (bexagliflozin), in January 2023. This aims to treat adults with type 2 diabetes. Brenzavvy stands out as a distinct oral inhibitor of sodium-glucose cotransporter 2 (SGLT2) and is recommended to be taken in addition to dieting and exercising. It can help type 2 diabetes sufferers to better manage their blood sugar levels by causing the kidneys to excrete sugar via urine.
What Are the Main Segments in the Alpha Glucosidase Inhibitors Market?
The alpha glucosidase inhibitors market covered in this report is segmented -
1) By Type: Dumping Syndrome, Type 2 Diabetes
2) By Drug Class: Acarbose, Miglitol, Voglibose
3) By Constituent: Glucoamylase, Isomaltase, Maltase, Sucrase
4) By Distribution Channel: Online Pharmacies, Retail Pharmacies, Hospital Pharmacies
Subsegments:
1) By Dumping Syndrome: Post-Gastric Surgery Management, Symptomatic Treatment
2) By Type 2 Diabetes: Monotherapy, Combination Therapy
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Which Top Companies are Driving Growth in the Alpha Glucosidase Inhibitors Market?
Major companies operating in the alpha glucosidase inhibitors market include Bayer AG, Merck & Co., Alkem Laboratories Ltd., Cipla Limited, Dr. Reddy's Laboratories Ltd., Emcure Pharmaceuticals Ltd., Lupin Ltd., Novartis AG, Sanofi SA, Sun Pharmaceutical Industries Ltd., Takeda Pharmaceutical Company, Torrent Pharmaceuticals Ltd., Unichem Laboratories Ltd., Pfizer Inc., Boehringer Ingelheim International GmbH, AstraZeneca PLC, Mitsubishi Tanabe Pharma Corporation, Eli Lilly and Company, Johnson & Johnson, Bristol-Myers Squibb, Teva Pharmaceutical Industries Ltd., Hanmi Pharmaceuticals Co., Ltd., Eisai Co., Ltd., Biocon Limited, Cadila Pharmaceuticals Ltd
Which Regions Will Dominate the Alpha Glucosidase Inhibitors Market Through 2029?
North America was the largest region in the alpha glucosidase inhibitors market in 2024. Middle-East is expected to be the fastest-growing region in the forecast period. The regions covered in the alpha glucosidase inhibitors market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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