This Antidiabetic Combinations Market report focuses on the leading competitors of the global market and provides information such as company overview, product portfolio, key developments, price, cost, value, volume, revenue, capacity, production and contact information. Upstream raw materials, equipment, and downstream demand analysis have also been carried out in this Antidiabetic Combinations Market report. The research report also analyzes the current development trends and patterns, as well as the distribution and marketing channel. In this Antidiabetic Combinations Market report, the feasibility of the new investment projects is evaluated and overall research conclusions are offered.
The Antidiabetc Combinations Market research report study enumerates the sales, channels chosen by the firm and distributors of the product. Geographically this Antidiabetic Combinations Market report studies the top producers and consumers, focuses on product capacity, production value, consumption, market share and growth opportunity in the key regions Covering North America, South America, Asia and Pacific region, Middle east and Africa.
Data Bridge Market Research analyses a growth rate in the global antidiabetic combinations market in the forecast period 2022-2029. The expected CAGR of global antidiabetic combinations market is tend to be around 6.50% in the mentioned forecast period.
Definition
Diabetes is a metabolic disease that causes high blood sugar levels resulting in deficiency of insulin in the body. Medications that are used for the treatment of diabetes called as antidiabetic drugs. Antidiabetic combinations are fixed doses of a combination consisting of two or more classes of antidiabetic agents of the different pharmacological action and significantly improve glycaemic control in patients with diabetes. It is of great importance to the healthcare sector and thus is expected to rise high in the forecast period.
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Key Growth Drivers:
- Rising Incidence of Diabetes
The adult diabetes population in 2021 was approximately 537 million, and this number will rise to 643 million in 2030. There are several factors such as obesity, unhealthy diet, and physical inactivity, because of which the rate of newly diagnosed cases of Type 1 and Type 2 diabetes is seen to increase. Thus, this boosts the market growth.
- Growing Demand of Fixed Combination Therapy
Monotherapy does not provide adequate glucose control in many patients, and several unacceptable side effects have been noticed in patients with a higher dosage of a single agent. In contrast, fixed-dose combination antidiabetic medications are helpful and appropriate treatment options in this kind of patient to maintain good glycemic control. It has been witnessed that combination drug therapy helps to keep the HbA1c value below 7% for a patient. It helps minimize the side effects associated with high-dose treatment of a single agent and provides additional clinical benefits.
The report emphasizes the participation of key entities, notably:
- Pfizer Inc (U.S.)
- Hoffmann-La Roche Ltd (Switzerland)
- Mylan N.V. (U.S.)
- Fresenius Kabi AG (Germany)
- Hikma Pharmaceuticals PLC (U.K.)
- Novartis AG (Switzerland)
- Teva Pharmaceutical Industries Ltd. (Israel)
- Bristol Myers Squibb Company (U.S.)
- GSK Plc. (U.K.)
- Bayer AG (Germany)
- Aurobindo Pharma (India)
- Torrent Pharmaceuticals Ltd (India)
Key Market Perspectives:
- Thorough examination of prevailing market tendencies
- Updates on the latest product advancements and innovations
- Antidiabetic Combinations Market Compound Annual Growth Rate (CAGR) for both historic and forecasted years
- Strategies and activities of prominent players and brands in the field
- Insights into the industry landscape for emerging participants
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Key Market Segmentation
By Drug Class (Thiazolidinedione and Sulfonylurea Combination, Thiazolidinedione and Biguanide Combination, Others), Route of Administration (Oral, Injections, Others), End-Users (Hospitals, Homecare, Speciality Centres, Others), Distribution Channel (Hospital Pharmacy, Online Pharmacy, Retail Pharmacy)
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