The global demand for Glucagon Injectable Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Glucagon injection is an emergency drug that is used to treat extreme hypoglycemia (low blood sugar) in people with diabetes who have passed out or are unable to take sugar by mouth. Glucagon injection is also utilised as diagnostic assistance during the stomach and intestine X-ray exams. This helps to improve test results by relaxing the stomach and intestinal muscles.
Market Dynamics
The rise in diabetes incidence, lack of awareness regarding hypoglycemia, and new product releases by industry competitors are expected to propel the glucagon injectable market forward. According to a prediction by the International Diabetes Federation, there will be 700 million diabetics aged 20 to 79 years old across the globe by 2045. A person with type 1 diabetes will experience at least two episodes of hypoglycemia every week on average. This is projected to push the growth of the glucagon injectable market. Additionally, people with blood sugar levels below 70 mg/dL sometimes do not have any symptoms. This is known as hypoglycemia unawareness, and persons who have it are more likely to have a severe hypoglycemia episode. According to the HAT Brazil study group, 20.6 percent of persons with type 1 diabetes and 10.6 percent of people with type 2 diabetes, respectively, had asymptomatic hypoglycemia. This aspect further augments glucagon injectable market growth. Furthermore, companies are investing in the research and development of glucagon injectables and their regulatory approval, thereby supplementing the market growth. Moreover, diabetes prevalence has also increased due to changes in lifestyle and food habits. As a result, people are more likely to develop diabetes and hypoglycemia, propelling the glucagon injectable market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of glucagon injectable. The growth and trends of glucagon injectable industry provide a holistic approach to this study.
Market Segmentation
This section of the glucagon injectable market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Application
- Therapeutic Purpose
- Diagnostics Purpose
By Age Group
By Route Of Administration
- Subcutaneous
- Intramuscular
- Intravenous
By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Glucagon Injectable market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Glucagon Injectable Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the glucagon injectable market include Fresenius SE & Co. KGaA, Xeris Pharmaceuticals Inc, Novo Nordisk A/S, ILS.Inc, Amphastar Pharmaceuticals Inc., Lilly USA, LLC. Zealand Pharma A/S., Avalon Pharma Pvt. Ltd. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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