Insulin Sensitizers MarketSize and Trends
Global insulin sensitizers market size is projected to reach US$ 32.42 billion by 2030, from US$ 21.00 billion in 2023, at a CAGR of 6.4% during the forecast period 2023-2030.
Global Insulin Sensitizers Market- Regional Insights
- North America is the largest market for insulin sensitizers, accounting for around 42.5% of the global market in 2022. This is due to the high prevalence of type 2 diabetes in the region. According to the American Diabetes Association, in 2019 over 37.3 million Americans, or 11.3% of the population, had diabetes and nearly 1.9 million Americans have type 1 diabetes, including about 244,000 children and adolescents
- Europe is the second largest market for insulin sensitizers, accounting for around 28.7% of the global market in 2022. The prevalence of type 2 diabetes in Europe is also high, with over 28 million people living with the disease.
- Asia-Pacific is the fastest growing market for insulin sensitizers, accounting for around 20% of the global market in 2022. The growth of the market in this region is driven by increasing prevalence of type 2 diabetes in countries like China, India, and Indonesia.
Figure 1. Global Insulin Sensitizers Market Share (%), By Region, 2023
Global Insulin Sensitizers Market- Trends
- Increasing adoption of novel insulin sensitizers: The market has witnessed introduction and adoption of novel insulin sensitizers that offer improved efficacy, safety profiles, and convenience of use. These include newer generations of thiazolidinediones (TZDs) such as pioglitazone, as well as other classes of drugs, such as sodium-glucose co-transporter 2 (SGLT2) inhibitors and glucagon-like peptide-1 receptor agonists (GLP-1RAs), which have shown insulin-sensitizing effects in addition to their primary mechanisms of action. These newer options provide alternative treatment choices and expand the range of available insulin sensitizers.
- Focus on combination therapies: Combination therapies involving insulin sensitizers are gaining prominence in the management of diabetes. Combining insulin sensitizers with other antidiabetic agents, such as insulin, metformin, or dipeptidyl peptidase-4 (DPP-4) inhibitors, can provide synergistic effects and achieve better glycemic control. Combination therapies are being explored and optimized to address the complex pathophysiology of insulin resistance and maximize treatment outcomes.
- Shift towards precision medicine: Precision medicine approaches, tailored to individual patient characteristics, are becoming increasingly important in diabetes management. Insulin sensitizers are being used in personalized treatment strategies based on factors like genetic markers, metabolic profiles, and response patterns. Advancements in molecular biology, genetics, and biomarker research are paving the way for precision medicine approaches in selecting appropriate insulin sensitizers and optimizing therapy for better patient outcomes.
- Rising preference for once-daily dosing: The market is witnessing a shift towards once-daily dosing regimens for insulin sensitizers, offering greater convenience and improved patient compliance. Extended-release formulations of certain insulin sensitizers, such as metformin and pioglitazone, allow once-daily administration and provide sustained drug release throughout the day. This trend is aimed at simplifying treatment regimens and enhancing patient adherence.