Global Metformin Hydrochloride Market Value to cross USD 358.6 MN By 2026
Posted On April 06, 2020
A market research report anticipates the Global Metformin Hydrochloride Market to reach USD 258.3 MN in 2019. It is estimated to grow and reach USD 358.6 MN mark by 2026. The report publisher, Value Market Research expects a CAGR of 4.80% during 2020 to 2026.The driving force for the metformin hydrochloride market is the increased prevalence of diabetes and obesity. This has resulted in an increased demand for these glycemic control drugs, demands that are reinforced by overnutrition, genetic, low dietary fiber, depression, sleep deprivation, and sedentary lifestyle. Another reason contributing to increased demands is the increasing geriatric population across the globe. However, multiple ill effects related to intake of glucophage that include hepatotoxicity, upper respiratory tract infection, and peripheral edema and headache are anticipated to constrain the product penetration. With rising health awareness and an increase in disposable income, the global standpoint for the metformin hydrochloride market stands stall.
Metformin Hydrochloride, with molecular formula C4H12ClN5, is the hydrochloride salt of the biguanide metformin. It is also known as Glucophage (TN). It is an antihyperglycemic agent used for improving glycemic control in patients suffering from Type II diabetes. It works by dropping both basal and postprandial plasma glucose levels. Metformin Hydrochloride exhibits potential antineoplastic properties. It also possesses water-soluble properties, however, insoluble in acetone and chloroform. The key cause of Type II diabetes is increased insulin resistance and disruption or loss of insulin-producing beta cells in the human body.
The first chapter of the report "Global Metformin Hydrochloride Market Size, Share Analysis Report By Manufacturers, Regions, Type (Metaformin HCl And Metaformin DC), Application (Metformin Hydrochloride Tablets, Metformin Hydrochloride Extended-Release Tablets And Others Form), Industry Trends, Growth, Estimation And Forecast, 2019-2026" gives the market introduction with a crisp summary of the report and goes in detailed revenue analysis bifurcated as per segments and regions in the subsequent chapters. The geo-economical factiors and historic metformin hydrochloride industry trends are analysed to foresee and predict the forecasts for next six years.
By type the metformin hydrochloride market is segmented into metaformin HCI and metaformin DC. On the basis of application the metformin hydrochloride market is segmented into metformin hydrochloride tablets, metformin hydrochloride extended-release tablets and others form.
North America, Europe, Latin America and Middle East & Africa are deeply researched in the report.
The Report Segments Global Metformin Hydrochloride Market -
- Metformin HCl
- Metformin DC
- Metformin Hydrochloride Tablets
- Metformin Hydrochloride Extended-Release Tablets
- Others Form
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Aarti Drugs, Bristol-Mayers Squibb, CR Double-Crane, FARMHISPANIA GROUP, Harman Finochem, Keyuan Pharmaceutical, Merck Sante, Shijiazhuang Polee Pharmaceutical, Shouguang Fukang Pharmaceutical, Taj API, TEVA, Vistin Pharma and Wanbury among others.
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