Alpha-Glucosidase Inhibitors Market Insights
The Global Alpha-Glucosidase Inhibitors market is expected to grow at a moderate CAGR during the forecast period. The market is driven by growing prevalence of type 1 and type 2 diabetes in population over the world. Rise in the geriatric population in emerging economies in the Asia Pacific region is likely to further boost the market for Alpha-Glucosidase Inhibitors.
The market for Alpha-Glucosidase Inhibitors is expected to be larger in areas with high carbohydrate consumption. However, Alpha-Glucosidase Inhibitors are used as a second line monotherapy treatment or are used in combination with first-line therapy drugs. This is therefore expected to hinder the market growth up to a certain extent.
Alpha Glucosidase Inhibitors Market: Disease Type Insights
On the basis of disease type, the Alpha-Glucosidase Inhibitors market can be segmented into type-1 and type-2 diabetes. Use of Alpha-Glucosidase Inhibitors is higher in the treatment of type-2 diabetes and is therefore projected to hold the higher market share in terms of revenue. The Asia Pacific region is likely to contribute to the market growth in the segment significantly. Growing awareness about diabetes drugs over the world is also expected to fuel market growth.
Alpha-Glucosidase Inhibitors Market: Distribution Channel Insights
The Global Alpha-Glucosidase Inhibitors market is segmented into Online Pharmacies, Retail Pharmacies, and Hospital Pharmacies based on the distribution channel. The hospital pharmacies segment is projected to hold the larger market share in terms of revenue, followed by the retail pharmacies segment. The online pharmacies segment is likely to grow at the highest CAGR during the forecast period due to growing digitization and retail activities online.
Alpha-Glucosidase Inhibitors Market: Regional Insights
The Asia Pacific market for Alpha-Glucosidase Inhibitors is projected to grow at the highest CAGR owing to a demonstrated rise in geriatric population over the past few years along with a rise in cases of type-2 diabetes. Rising disposable income of individuals and awareness about diabetes drugs in the region is also projected to have a positive impact on the market. The North American region is likely to hold the larger market share in the Alpha-Glucosidase Inhibitors Market owing to technological advancements and easy availability of the drug in medical facilities. The market for Alpha-Glucosidase Inhibitors in Central & South America is also expected to grow at a significant rate due to initiatives were taken by the Government to use advanced drugs for diabetes treatment.
Alpha Glucosidase Inhibitors Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase controlled release fertilizer over the coming years. Some leading consumers of controlled release fertilizer are Cipla, and Apollo Hospitals among others.
Alpha Glucosidase Inhibitors Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Alpha Glucosidase Inhibitors Market: Share & Competitor Analysis
Some of the key players operating in the Alpha Glucosidase Inhibitors market are Bayer, Takeda, Pfizer, Glenmark pharma, Sun pharma, Torrent, Unichem, and Hexalag among others.