INCRETIN MIMETICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

The incretin mimetics market is estimated to be valued at USD 22.7 Bn in 2024 and is expected to reach USD 31.5 Bn by 2031, growing at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2031.

Incretin mimetics are a class of drugs that mimic the effects of incretin hormones like GLP-1. Incretins are gut hormones that are released in response to eating and help stimulate insulin secretion. Incretin mimetics work by binding to and activating GLP-1 receptors. When triggered, these receptors stimulate the production and release of insulin from beta cells in a glucose-dependent manner. This leads to better control of blood sugar levels with a lower risk of hypoglycemia. In addition, incretin mimetics are also associated with weight loss due to reduced appetite and food intake. Some common Incretin mimetics drugs approved for treating type 2 diabetes include exenatide and liraglutide.

Market Dynamics:

The global incretin mimetics market’s growth is driven by the growing prevalence of type 2 diabetes worldwide, coupled with the increasing adoption of GLP-1 drugs over other classes of antidiabetic medications. Their efficacy in promoting weight loss and low risk of hypoglycemia give them an advantage compared to alternatives. However, factors such as high development costs, stringent regulatory pathways, and side effects associated with long-term usage of incretin mimetics could hamper market growth. Meanwhile, developing economies represent lucrative opportunities for market players attributed to improving access to healthcare facilities and diagnostics in these regions. Continuous research and development into novel delivery systems and longer-acting formulations also present new avenues for augmenting the market revenues over the forecast period.

Key Features of the Study:

• This report provides an in-depth analysis of the global incretin mimetics market, and provides market size (US$ Billion) and Compound Annual Growth Rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the global incretin mimetics market based on the following parameters such as company highlights, products portfolio, key highlights, financial performance, and strategies
• The key companies covered as a part of this study include GSK, Novo Nordisk, Lily, Haosoh, Sanofi, AstraZeneca, Pfizer Inc, Bristol-Myers Squibb Company, Teva Pharmaceutical Industries Ltd and Sun Pharmaceutical Industries Ltd., Daiichi Sankyo Company, Limited, AbbVie Inc., Dr. Reddy’s Laboratories Ltd., Torrent Pharmaceuticals Ltd., Glenmark Pharmaceuticals Ltd., Cadil Healthcare Ltd., Alembic Pharmaceuticals Limited and Boehringer Ingelheim
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• The global incretin mimetics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global incretin mimetics market

Detailed Segmentation:

• Drug Type:
• • Exenatide
  • Liraglutide
  • Sitagliptin
  • Saxagliptin
  • Alogliptin
  • Others
• Disease Indication:
• • Type 2 Diabetes Mellitus (T2DM)
  • Weight Management
  • Others
• Distribution Channel:
• • Hospital Pharmacies
  • Retail Pharmacies
  • Online Pharmacies
• Region: 
• • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
• Company Profiles:
• • GSK
  • Novo Nordisk
  • Lily
  • Haosoh
  • Sanofi
  • AstraZeneca
  • Pfizer Inc
  • Bristol-Myers Squibb Company
  • Teva Pharmaceutical Industries Ltd
  • Sun Pharmaceutical Industries Ltd
  • Daiichi Sankyo Company, Limited
  • AbbVie Inc.
  • Reddy’s Laboratories Ltd.
  • Torrent Pharmaceuticals Ltd.
  • Glenmark Pharmaceuticals Ltd.
  • Cadila Healthcare Ltd.
  • Alembic Pharmaceuticals Limited
  • Boehringer Ingelheim