PUBLISHER: The Business Research Company | PRODUCT CODE: 1427693
PUBLISHER: The Business Research Company | PRODUCT CODE: 1427693
Alpha-glucosidase inhibitors constitute a class of medications used in diabetes management. They function by impeding the intestine's absorption of carbohydrates, particularly beneficial for individuals with impaired glucose tolerance to prevent the onset of type 2 diabetes mellitus. These inhibitors offer advantages for those at risk of hypoglycemia or lactic acidosis.
The primary applications of alpha-glucosidase inhibitors include addressing dumping syndrome and managing type 2 diabetes. Dumping syndrome encompasses symptoms resulting from swift gastric emptying after meals, leading to a rapid passage of food from the stomach to the duodenum. This acceleration increases sugar levels, and alpha-glucosidase inhibitors play a crucial role in slowing down food digestion, thereby reducing peak blood glucose concentrations post meals. Notable drug classes in this category include acarbose, miglitol, and voglibose, comprising constituents such as glucoamylase, isomaltase, maltase, and sucrase. These medications are distributed through various channels, including online pharmacies, retail pharmacies, and hospital pharmacies.
The alpha-glucosidase inhibitors market research report is one of a series of new reports from The Business Research Company that provides alpha-glucosidase inhibitors market statistics, including alpha-glucosidase inhibitors industry global market size, regional shares, competitors with an alpha-glucosidase inhibitors market share, detailed alpha-glucosidase inhibitors market segments, market trends, and opportunities, and any further data you may need to thrive in the alpha-glucosidase inhibitors industry. This alpha-glucosidase inhibitors market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The alpha glucosidase inhibitors market size has grown strongly in recent years. It will grow from $4.22 billion in 2023 to $4.58 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth observed in the historical period can be attributed to several factors, including a heightened incidence of diabetes, increased awareness of diabetes management, advancements in strategies for treating diabetes, a preference for oral antidiabetic medications, and the influence of clinical research promoting evidence-based medicine.
The alpha glucosidase inhibitors market size is expected to see strong growth in the next few years. It will grow to $6.11 billion in 2028 at a compound annual growth rate (CAGR) of 7.5%. The anticipated growth in the forecast period can be attributed to an increasing emphasis on early intervention, a growing geriatric population, global healthcare initiatives aimed at diabetes control, and integration into combination therapies. Major trends expected in the forecast period include patient-centric approaches, a focus on type 2 diabetes management, technological advancements in drug delivery, the emergence of new markets, and globalization, as well as increased collaborations and partnerships within the industry.
The escalating global prevalence of diabetes is anticipated to significantly drive the expansion of the alpha-glucosidase inhibitors market in the foreseeable future. Diabetes, a chronic metabolic condition characterized by elevated blood glucose levels, poses severe risks to various bodily systems, including the heart, blood vessels, eyes, kidneys, and nerves. Alpha-glucosidase inhibitors function by impeding carbohydrate absorption in the small intestine, effectively curbing the surge in postprandial blood glucose levels and aiding in diabetes management. For instance, data from the International Diabetes Federation in November 2022 reported that globally, 537 million adults (equating to 1 in 10 individuals) were afflicted by diabetes. Additionally, projections indicate an anticipated increase in global diabetes prevalence, reaching 643 million by 2030 and 783 million by 2045. Hence, the mounting global incidence of diabetes stands as a key driver fueling the expansion of the alpha-glucosidase inhibitors market.
The expanding demographic shift towards an aging population is anticipated to be a significant catalyst propelling the growth of the alpha-glucosidase inhibitors market. The term 'aging population' signifies a demographic trend characterized by an increasing proportion of elderly individuals within a society or populace. This demographic segment frequently utilizes alpha-glucosidase inhibitors to regulate and manage blood glucose levels, as these medications aid in slowing carbohydrate absorption, offering effective diabetes management-a condition prevalent among older individuals. For instance, data from the World Health Organization (WHO) in October 2022 highlighted a swift rise in the global population of individuals aged 60 years and older, projected to double by 2050, reaching an estimated 2.1 billion individuals. Consequently, the burgeoning aging population serves as a significant driver in fostering growth within the alpha-glucosidase inhibitors market.
A burgeoning trend within the alpha-glucosidase inhibitors market revolves around robust product innovation. Major players in this domain are fervently engaged in pioneering novel products to fortify their market stance. A striking example of this trend emerged in January 2023 when TheracosBio, a distinguished pharmaceutical entity based in the United States, garnered approval from the U.S. Food and Drug Administration (FDA) for Brenzavvy (bexagliflozin). This innovative oral medication operates as an inhibitor of sodium-glucose cotransporter 2 (SGLT2), specifically tailored for adults grappling with type 2 diabetes. Brenzavvy stands as an adjunct to dietary and exercise regimens, functioning by prompting the kidneys to expel sugar through urine, thereby aiding individuals with type 2 diabetes in effectively managing their blood sugar levels.
Strategic product advancements remains a pivotal strategy adopted by major contenders within the alpha-glucosidase inhibitors market. These companies are diligently crafting inventive solutions such as acarbose tablets to fortify their market foothold. Notably, acarbose stands as an established alpha-glucosidase inhibitor instrumental in the management of type-2 diabetes. In March 2022, Shandong Lukang Pharmaceutical Co. Ltd., an esteemed pharmaceutical entity headquartered in China, unveiled its acarbose tablet in the targeted market. Designed to complement dietary control and exercise programs, these tablets offer significant benefits for individuals coping with type 2 diabetes. Furthermore, they aid in curbing postprandial blood glucose levels in patients afflicted with impaired glucose tolerance, serving as a pivotal addition to the array of treatments available for such conditions.
In April 2023, the pharmaceutical company Sanofi S.A., based in France, successfully acquired Provention Bio Inc. for an undisclosed amount. This strategic move is aimed at broadening Sanofi's diabetes drug portfolio by incorporating TZIELD (teplizumab-mzwv), an innovative and fully owned first-in-class therapy designed for type 1 diabetes. Provention Bio Inc., based in the United States, is recognized for its expertise in the development of diabetes drugs.
Major companies operating in the alpha glucosidase inhibitors market report are Pfizer Inc., Roche, Bayer AG, Novartis AG, Sanofi AS, Bristol Myers Squibb Company, AstraZeneca Plc., Takeda Pharmaceutical Co. Ltd., Eli Lilly and Company, Novo Nordisk AS, Merck KGaA, Sumitomo Chemical Co. Ltd., C. H. Boehringer Sohn AG and Co. KG, Astellas Pharma, Sun Pharmaceutical Industries Ltd., Amneal Pharmaceuticals LLC, Glenmark Pharmaceuticals Ltd., Biocon, Torrent Pharmaceuticals, Lotus Pharmaceutical Co. Ltd., Anderson Hay and Grain Co. Inc., BioVision Inc., Border Valley Trading, Straight Healthcare, Synjardi XR
North America was the largest region in the alpha glucosidase inhibitors market in 2023. 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.
The countries covered in the alpha glucosidase inhibitors market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The alpha-glucosidase inhibitors market consists of sales of glucobay and triazolo quinazolines. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Alpha Glucosidase Inhibitors Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on alpha glucosidase inhibitors market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for alpha glucosidase inhibitors ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The alpha glucosidase inhibitors market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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