Data Bridge Market Research recently conducted an extensive market intelligence study, thoroughly analyzing the Sulfonylureas Market. The freshly published report features an attractive layout, presenting essential data through visually engaging tables, graphs, charts, and figures.

This Sulfonylureas market research report sheds light on current trends, state-of-the-art techniques, market estimates, and the market landscape for the forecast period. It aims to enhance the fundamental decision-making process within the industry. The report encompasses key factors such as constraints, drivers, risks, opportunities, investment prospects, challenges, and recommendations. It elucidates pricing strategies, geographical insights, key strategies, competitive analyses, development plans, and various financial systems within the Sulfonylureas market. The report tracks multiple products available in the market in terms of production volume, revenue, marketing structure, demand, and supply figures.

The data utilized in the Sulfonylureas report is sourced from reliable outlets like journals, websites, and companies' annual reports, thoroughly examined and validated by industry experts. Vendors in the market compete based on factors like price, quality, brand, product differentiation, and product portfolio. By referencing this report, vendors can place greater emphasis on product enhancements. Additionally, the Sulfonylureas report provides an in-depth analysis of the evolving competitive landscape, enabling readers to stay ahead of their competitors. The information is depicted through tables, graphs, and pie charts for better understanding.

According to Data Bridge Market Research, the sulfonylureas market reached a value of USD 6,600.44 million in 2021 and is projected to reach USD 8,485.43 million by 2029, exhibiting a CAGR of 3.19% during the forecast period from 2022 to 2029. The market report curated by the Data Bridge Market Research team includes comprehensive expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

 

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In recent years, the sulfonylureas market is anticipated to grow rapidly during the forecast period. As per the World Health Organization, approximately 1.9 billion adults were overweight in 2016, with around 650 million being obese. Diabetes is becoming more common due to risk factors such as obesity and overweight. As a result, risk factors including smoking, being overweight, being obese, and having high cholesterol levels are projected to increase the prevalence of diabetes, increasing the demand for sulfonylureas market. Sulfonylureas are oral hypoglycaemic medication used to treat type 2 diabetes. The sulfonylureas cause the pancreas to secrete more insulin.

Key Growth Drivers:

  • Rise in the prevalence of type 2 diabetes across the globe

The rising prevalence of type 2 diabetes across the globe is a major factor driving the sulfonylureas market's growth rate. Sulfonylureas are usually the second line of treatment for type 2 diabetes patients. In recent years, the global diabetic population has exploded, with type 2 diabetes accounting for about 90% of all diabetics.

  • Increasing investment for healthcare infrastructure

Another significant factor influencing the growth rate of sulfonylureas market is the rising healthcare expenditure which helps in improving its infrastructure. Also, various government organizations aims to improve the healthcare infrastructure by increasing funding and this will further influence the market dynamics.

The report outlines the involvement of key players, including:

Amneal Pharmaceuticals LLC. (US), Dr. Reddy's Laboratories Ltd. (India), AstraZeneca (UK), Johnson & Johnson Private Limited (US), Bausch Health Companies Inc. (Canada), Eli Lilly and Company (US), AbbVie Inc. (US), Abbott (US), F. Hoffmann-La Roche Ltd. (Switzerland), Mylan N.V. (US), Teva Pharmaceutical Industries Ltd. (Israel), Sanofi (France), Novartis AG (Switzerland), Sun Pharmaceutical Industries Ltd. (India), Aurobindo Pharma (India), Lupin (India), Allergan (Ireland), Merck & Co., Inc. (US), Pfizer Inc. (US), GlaxoSmithKline plc (UK), Zydus Cadila (India), Hikma Pharmaceuticals PLC (UK), Cipla Inc. (US), Apotex Inc. (Canada)

Key Market Segmentation

Drugs (Glyburide, Glipizide, Glimepiride, Others), Indication (Diabetes, Others), Dosage Form (Tablets, Capsules, Others), Route of Administration (Oral, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others)

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