The market for Glucagon-like peptide-1 analogues is predicted to develop because to the high prevalence of diabetes in the US and Asia-Pacific.
Glucagon-like peptide-1 (GLP-1) analogues, also known as incretin mimetics, are a type of diabetic medication used to lower blood sugar levels in people with type 2 diabetes. GLP-1 analogues block GLP-1 breakdown, increasing glucose-dependent insulin release, suppressing glucagon release (lowering hepatic glucose output), and slowing gastric emptying (resulting in weight loss from reduced appetite). GLP-1 analogues, unlike other anti-diabetic medicines, do not produce hypoglycemia. In addition, GLP-1 analogues help people lose weight.
High prevalence of diabetes in the U.S. and Asia-Pacific is expected to drive the growth of Glucagon-like peptide-1 analogs market
According to the International Diabetes Federation's (IDF) Diabetes Atlas 2017, diabetes affects over 425 million people globally. According to a 2017 World Health Organization (WHO) report, diabetes is one of the top three noncommunicable illness causes of death. The top three economies with a high incidence of diabetes are China (114.4 million), India (72.9 million), and the United States (30.2 million). The Glucagon-like peptide-1 analogs market would have a huge growth opportunity with such a high incidence rate. This is due to the fact that there are roughly 212.4 million people living with undiagnosed diabetes worldwide. According to the International Diabetes Federation (IDF), the United States has the greatest prevalence of diabetes (13 percent of the population), which is projected to promote the growth of the glucagon-like peptide-1 analogues market due to their low cost and high market penetration. According to a study published in the Journal of American Health and Drug Benefit, GLP-1 analogues act not only in type 2 diabetes but also in type 1 diabetes with nearly no hypoglycemia impact. GLP-1 analogues help diabetic and non-diabetic obese patients lose weight, according to a study published in the journal Obesity Review (2017). Liraglutide, a GLP-1 analogue, is already approved for the treatment of obesity and overweight patient, which is expected to fuel the growth of the GLP-1 analogs market.
The market for Glucagon-like peptide-1 analogues is predicted to develop because to the high prevalence of diabetes in the United States and Asia-Pacific.
GLP-1 analogues are administered via subcutaneous injection using an injectable pen, and are relatively expensive (US$ 492 for 30-day therapy) when compared to traditional type-2 diabetes medications such as insulin sensitizers and secretagogues (US$ 5-9 for 30-day therapy), which is a major factor limiting market growth. There's also the question of patient compliance. GLP-1 analogues, for example, must be provided via injection as opposed to other anti-diabetic drugs, which are taken orally in tablet form.
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