Gemigliptin Market Synopsis:
Gemigliptin Market Size Was Valued at USD 1.80 Billion in 2023, and is Projected to Reach USD 2.91 Billion by 2032, Growing at a CAGR of 5.50 % From 2024-2032.
Gemigliptin is in the category of DPP-4 inhibitors – a class of drugs mainly used for enhancing blood glucose management in people living with type 2 diabetes. The effects its use in the human body are that the drug influences the levels of incretin hormones in that informs insulin secretion and decrease glucagon levels, hence lowering glucose levels in the blood. It is available as tablets and injections and is used when other medicines do not work, or when a more selective approach to controlling blood sugar is required.
Type 2 diabetes is on the rise due to the factors such as, increase in population with sedentary life, unhealthy food habits and global population aging, which is again the biggest factor for the growth of Gemigliptin market. Diabetes is now being experienced all the world as a global health problem – there is always pressure for better and more comfortable treatment. With results in that show a well-managed blood sugar level without undesirable side effects such as weight gain or hypoglycemia, gemigliptin has been favored by many patients.
Also, the developments in healthcare infrastructure globally and mainly in Asia-Pacific region are supporting the market growth. So as the awareness and the availability of the healthcare delivery systems; the first-line diagnosis and management of diabetes increases which in turn supports the increased use of Gemigliptin. Advanced formulation and improved drug delivery system also has improved the drug’s availability and efficacy hence contributing to the growth of the market.
Gemigliptin Market Trend Analysis:
Use the product in combined with other treatments
- Another factor that we are seeing today in the Gemigliptin market is the fact that people tend to use the product in combined with other treatments. With the modern tendencies of diabetes treatment, combined application of Gemigliptin with other medicines such as metformin or SGLT2 inhibitors is under discussion. This is advantageous in maintaining improved glycemic control with reduced risks of side effects, which our patients and physicians prefer.
- Another trend is the change in approach to diabetes treatment by using individualized treatment in form of personalized medicine. With increased information on patient sensitivity to drug treatments, products like the Gemigliptin are now developed to target individuals. This trend is raising patient satisfaction, improving compliance with prescribed treatments, and promoting the creation of improved and individualized treatment protocols.
Growth potential in the emerging economies
- The Gemigliptin market opportunities have not yet been tapped as the markets of the global type 2 diabetes have enormous growth potential in the emerging economies. Across areas like Asia-Pacific, Latin America, & the Middle East, the growth in the healthcare sector specifically people diagnosed with the condition is boosting demand for efficient diabetes cure. In this region, there is the growing elderly and diabetic population, which creates good market potential to launch the Gemigliptin at reasonable market prices for both urban and rural dwellers.
- Furthermore, further studies regarding long-term effects of Gemigliptin and further possibilities of its usage in management of other metabolic disorders may increase the size of its market. More so in subsequent years as clinical trials and studies delve deeper into the efficacy of Gemigliptin in other diseases including obesity or pre-diabetes, the compound could appeal to a wider market hence the growth in the market.
Gemigliptin Market Segment Analysis:
Gemigliptin Market is Segmented on the basis of Type, Application, End User, and Region
Type, Tablets segment is expected to dominate the market during the forecast period
- The Gemigliptin market is segmented into two main types: tablets and injections. Bursting capsules is the most frequent dosage form, mainly because of their administration and patient preference. Injections however a re used in cases where the patient may find it hard to swallow the tablets or where rapid controlled delivery of the substance is required. Gemigliptin in both tablet and injection forms controls blood glucose effectively but the choice between the two depends on the condition of the patient.
Application, Type 2 Diabetes segment expected to held the largest share
- Gemigliptin is clearly used in the treatment of Type 2 diabetes and is mainly used for the regulation of blood sugar levels. This is flown often when dietary changes alone cannot regulate blood sugar levels in the body. Also, it is useful in the management of other metabolic diseases, but its main area of use is in a diabetic patient. The Other segment was composed of patients with other accompanying diseases that may be treated with Gemigliptin off-label, for example, pre--diabetes conditions.
Gemigliptin Market Regional Insights:
Asia Pacific is Expected to Dominate the Market Over the Forecast period
- The major factors could be attributed to the growing diabetic patients pool especially in the Asia-Pacific region where the Gemigliptin market has the highest market share. Currently, there is a rapidly increasing trend of Type II diabetes prevalent in countries like China, India and Japan mainly due to these factors; change of diet, increased urbanization and increase in the population of seniors. This is the reason that demand for diabetes medication, Gemigliptin also rising and the region foreseen to thrust the market in the forthcoming years. As well, development in the healthcare facility and government focus on diabetes care also propels the Asia Pacific market to the forefront.
- The availability of affordable diabetes treatment and the launching of government programs to address the problem is also adding to this market in Asia-Pacific. Thus, the growth prospects for Gemigliptin are expected to sustain due to steadily rising availability in both urban and rural markets and with growing awareness of diabetes amongst the population base. Since about 50 percent of the total diabetic patients are from the Asia Pacific region, why is this market not significant for companies who want to grow their market and sales of Gemigliptin
Active Key Players in the Gemigliptin Market:
- AstraZeneca (UK)
- Boehringer Ingelheim (Germany)
- Bristol-Myers Squibb (USA)
- Eli Lilly and Company (USA)
- Hanmi Pharmaceutical (South Korea)
- LG Chem (South Korea)
- Mylan (USA)
- Novartis (Switzerland)
- Sanofi (France)
- Teva Pharmaceutical Industries (Israel)
- Other Active Players
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Gemigliptin Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
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Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.80 Billion |
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Forecast Period 2024-32 CAGR: |
5.50 % |
Market Size in 2032: |
USD 2.91 Billion |
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Segments Covered: |
Type |
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Application |
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End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Gemigliptin Market by Type
4.1 Gemigliptin Market Snapshot and Growth Engine
4.2 Gemigliptin Market Overview
4.3 Tablets
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Tablets: Geographic Segmentation Analysis
4.4 Injections
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Injections: Geographic Segmentation Analysis
Chapter 5: Gemigliptin Market by Application
5.1 Gemigliptin Market Snapshot and Growth Engine
5.2 Gemigliptin Market Overview
5.3 Type 2 Diabetes
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Type 2 Diabetes: Geographic Segmentation Analysis
5.4 Other
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Other: Geographic Segmentation Analysis
Chapter 6: Gemigliptin Market by End User
6.1 Gemigliptin Market Snapshot and Growth Engine
6.2 Gemigliptin Market Overview
6.3 Hospitals
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Hospitals: Geographic Segmentation Analysis
6.4 Clinics
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Clinics: Geographic Segmentation Analysis
6.5 Homecare
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Homecare: Geographic Segmentation Analysis
Chapter 7: Company Profiles and Competitive Analysis
7.1 Competitive Landscape
7.1.1 Competitive Benchmarking
7.1.2 Gemigliptin Market Share by Manufacturer (2023)
7.1.3 Industry BCG Matrix
7.1.4 Heat Map Analysis
7.1.5 Mergers and Acquisitions
7.2 LG CHEM (SOUTH KOREA)
7.2.1 Company Overview
7.2.2 Key Executives
7.2.3 Company Snapshot
7.2.4 Role of the Company in the Market
7.2.5 Sustainability and Social Responsibility
7.2.6 Operating Business Segments
7.2.7 Product Portfolio
7.2.8 Business Performance
7.2.9 Key Strategic Moves and Recent Developments
7.2.10 SWOT Analysis
7.3 HANMI PHARMACEUTICAL (SOUTH KOREA)
7.4 MYLAN (USA)
7.5 TEVA PHARMACEUTICAL INDUSTRIES (ISRAEL)
7.6 NOVARTIS (SWITZERLAND)
7.7 ELI LILLY AND COMPANY (USA)
7.8 ASTRAZENECA (UK)
7.9 BOEHRINGER INGELHEIM (GERMANY)
7.10 BRISTOL-MYERS SQUIBB (USA)
7.11 SANOFI (FRANCE)
7.12 OTHER ACTIVE PLAYERS
Chapter 8: Global Gemigliptin Market By Region
8.1 Overview
8.2. North America Gemigliptin Market
8.2.1 Key Market Trends, Growth Factors and Opportunities
8.2.2 Top Key Companies
8.2.3 Historic and Forecasted Market Size by Segments
8.2.4 Historic and Forecasted Market Size By Type
8.2.4.1 Tablets
8.2.4.2 Injections
8.2.5 Historic and Forecasted Market Size By Application
8.2.5.1 Type 2 Diabetes
8.2.5.2 Other
8.2.6 Historic and Forecasted Market Size By End User
8.2.6.1 Hospitals
8.2.6.2 Clinics
8.2.6.3 Homecare
8.2.7 Historic and Forecast Market Size by Country
8.2.7.1 US
8.2.7.2 Canada
8.2.7.3 Mexico
8.3. Eastern Europe Gemigliptin Market
8.3.1 Key Market Trends, Growth Factors and Opportunities
8.3.2 Top Key Companies
8.3.3 Historic and Forecasted Market Size by Segments
8.3.4 Historic and Forecasted Market Size By Type
8.3.4.1 Tablets
8.3.4.2 Injections
8.3.5 Historic and Forecasted Market Size By Application
8.3.5.1 Type 2 Diabetes
8.3.5.2 Other
8.3.6 Historic and Forecasted Market Size By End User
8.3.6.1 Hospitals
8.3.6.2 Clinics
8.3.6.3 Homecare
8.3.7 Historic and Forecast Market Size by Country
8.3.7.1 Russia
8.3.7.2 Bulgaria
8.3.7.3 The Czech Republic
8.3.7.4 Hungary
8.3.7.5 Poland
8.3.7.6 Romania
8.3.7.7 Rest of Eastern Europe
8.4. Western Europe Gemigliptin Market
8.4.1 Key Market Trends, Growth Factors and Opportunities
8.4.2 Top Key Companies
8.4.3 Historic and Forecasted Market Size by Segments
8.4.4 Historic and Forecasted Market Size By Type
8.4.4.1 Tablets
8.4.4.2 Injections
8.4.5 Historic and Forecasted Market Size By Application
8.4.5.1 Type 2 Diabetes
8.4.5.2 Other
8.4.6 Historic and Forecasted Market Size By End User
8.4.6.1 Hospitals
8.4.6.2 Clinics
8.4.6.3 Homecare
8.4.7 Historic and Forecast Market Size by Country
8.4.7.1 Germany
8.4.7.2 UK
8.4.7.3 France
8.4.7.4 The Netherlands
8.4.7.5 Italy
8.4.7.6 Spain
8.4.7.7 Rest of Western Europe
8.5. Asia Pacific Gemigliptin Market
8.5.1 Key Market Trends, Growth Factors and Opportunities
8.5.2 Top Key Companies
8.5.3 Historic and Forecasted Market Size by Segments
8.5.4 Historic and Forecasted Market Size By Type
8.5.4.1 Tablets
8.5.4.2 Injections
8.5.5 Historic and Forecasted Market Size By Application
8.5.5.1 Type 2 Diabetes
8.5.5.2 Other
8.5.6 Historic and Forecasted Market Size By End User
8.5.6.1 Hospitals
8.5.6.2 Clinics
8.5.6.3 Homecare
8.5.7 Historic and Forecast Market Size by Country
8.5.7.1 China
8.5.7.2 India
8.5.7.3 Japan
8.5.7.4 South Korea
8.5.7.5 Malaysia
8.5.7.6 Thailand
8.5.7.7 Vietnam
8.5.7.8 The Philippines
8.5.7.9 Australia
8.5.7.10 New Zealand
8.5.7.11 Rest of APAC
8.6. Middle East & Africa Gemigliptin Market
8.6.1 Key Market Trends, Growth Factors and Opportunities
8.6.2 Top Key Companies
8.6.3 Historic and Forecasted Market Size by Segments
8.6.4 Historic and Forecasted Market Size By Type
8.6.4.1 Tablets
8.6.4.2 Injections
8.6.5 Historic and Forecasted Market Size By Application
8.6.5.1 Type 2 Diabetes
8.6.5.2 Other
8.6.6 Historic and Forecasted Market Size By End User
8.6.6.1 Hospitals
8.6.6.2 Clinics
8.6.6.3 Homecare
8.6.7 Historic and Forecast Market Size by Country
8.6.7.1 Turkiye
8.6.7.2 Bahrain
8.6.7.3 Kuwait
8.6.7.4 Saudi Arabia
8.6.7.5 Qatar
8.6.7.6 UAE
8.6.7.7 Israel
8.6.7.8 South Africa
8.7. South America Gemigliptin Market
8.7.1 Key Market Trends, Growth Factors and Opportunities
8.7.2 Top Key Companies
8.7.3 Historic and Forecasted Market Size by Segments
8.7.4 Historic and Forecasted Market Size By Type
8.7.4.1 Tablets
8.7.4.2 Injections
8.7.5 Historic and Forecasted Market Size By Application
8.7.5.1 Type 2 Diabetes
8.7.5.2 Other
8.7.6 Historic and Forecasted Market Size By End User
8.7.6.1 Hospitals
8.7.6.2 Clinics
8.7.6.3 Homecare
8.7.7 Historic and Forecast Market Size by Country
8.7.7.1 Brazil
8.7.7.2 Argentina
8.7.7.3 Rest of SA
Chapter 9 Analyst Viewpoint and Conclusion
9.1 Recommendations and Concluding Analysis
9.2 Potential Market Strategies
Chapter 10 Research Methodology
10.1 Research Process
10.2 Primary Research
10.3 Secondary Research
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Gemigliptin Market |
|||
|
Base Year: |
2023 |
Forecast Period: |
2024-2032 |
|
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 1.80 Billion |
|
Forecast Period 2024-32 CAGR: |
5.50 % |
Market Size in 2032: |
USD 2.91 Billion |
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Segments Covered: |
Type |
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Application |
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End User |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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