This market is segmented by drug class into biguanides, SGLT-2 inhibitors, DPP-4 inhibitors, sulfonylureas, thiazolidinediones, meglitinides, alpha-glucosidase inhibitors, and other categories. In 2024, the biguanides segment generated USD 18.6 billion, with Metformin, the most widely prescribed biguanide, maintaining its dominance as the first-line treatment for T2DM. Its ability to reduce blood glucose levels by lowering hepatic glucose production and increasing insulin sensitivity has solidified its position in the market. Furthermore, biguanides continue to be a primary choice for healthcare providers, contributing significantly to market stability.
When considering disease type, the Type 2 diabetes segment accounted for a dominant 95.6% share in 2024. This is directly linked to the increasing prevalence of T2DM worldwide. Urbanization, unhealthy eating habits, and a lack of physical activity are key contributors to the early onset of T2DM, particularly in large-population countries. Consequently, there is a rising demand for convenient, long-term oral treatment options, reinforcing the growing role of oral antidiabetic drugs in managing diabetes.
In North America, the oral antidiabetic drugs market held a 41.1% share in 2024. The region's high prevalence of diabetes, combined with ongoing advancements in drug formulations and increased patient awareness, is expected to continue driving market growth. Factors such as aging populations, sedentary lifestyles, and poor dietary habits are contributing to the rising incidence of diabetes in the region. Additionally, innovations in healthcare, such as telemedicine and digital health tools, have made it easier for patients to manage their condition, further boosting the adoption of oral antidiabetic drugs.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Companies Mentioned
The major companies profiled in this Oral Antidiabetic Drugs market report include:- Astellas Pharma
- AstraZeneca
- Bayer
- Boehringer Ingelheim
- Bristol Myers Squibb
- Eli Lilly and Company
- Glenmark Pharmaceuticals
- Johnson & Johnson (Janssen Pharmaceuticals)
- Merck
- Novartis
- Novo Nordisk
- Pfizer
- Sanofi
- Takeda Pharmaceuticals
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 145 |
Published | March 2025 |
Forecast Period | 2024 - 2034 |
Estimated Market Value ( USD | $ 45.9 Billion |
Forecasted Market Value ( USD | $ 66.6 Billion |
Compound Annual Growth Rate | 3.9% |
Regions Covered | Global |
No. of Companies Mentioned | 15 |