Dallas, Texas, Nov. 16, 2021 (GLOBE NEWSWIRE) -- The increase in growth rate can be attributed to a heavy reliance on advanced therapeutic practices, an increasing geriatric population, an increase in the number of chronic disease incidences across the globe, a surge in the number of out-patients associated with diabetes, a rise in the prevalence of chronic ailments in young adults all of which are diversifying growth in the global glucagon market.
Furthermore, fast-increasing technological developments in the pharmaceutical sector, together with government financing, are projected to be significant drivers bolstering the expansion of the global glucagon market. Despite the extraordinary efficiency of glucagon therapy in treating hypoglycemia, the global glucagon market is nevertheless hampered by obstacles such as severe side effects.
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Some allergic responses reported in certain individuals with symptoms of vomiting and nausea is preventing smooth adoption and growth. Ongoing R&D explorations to develop next-generation glucagon capabilities aimed at severe hypoglycemia are a significant opportunity supporting market expansion in the next years.
Major Glucagon Market Manufacturers
Eli Lilly
Taj Pharmaceuticals
Novo Nordisk
Fresenius Kabi
Xeris Pharmaceuticals
Torrent Labs
Glucagon Market Types
Injectable Glucagon
Nasal Glucagon
Glucagon Market Applications
Emergency Kits
General Use
Diagnostic and Motility
Cardiogenic Shocks
Glucagon is a metabolic hormone that is naturally generated by the pancreas inside the human body and is commonly used to treat severe hypoglycemia. It encourages the liver to turn glycogen into glucose faster, after which it is released into the bloodstream, causing sugar levels to rise.
Glucagon and insulin are two distinct but equally important hormones linked with the human body's glycemic control system, which monitors and maintains proper blood glucose levels. In the case of hypoglycemia, glucagon acts as a message, urging the human body to release more glucose into the circulation, therefore preserving normal blood sugar levels.
Glucagon is essential in keeping blood glucose levels from falling too low, which can be harmful to the body. Glucagon promotes the glycogenesis process in order to stabilize blood sugar levels. It also inhibits the liver from absorbing and storing excess sugar, which causes blood deprivation, ensuring that appropriate quantities of the metabolic hormone are present in the circulation.
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Furthermore, glucagon assists the body in the event of a sugar deficit by obtaining glucose from alternative sources such as amino acids. In rare situations involving newborns insufficient glucagon levels cause an inability to maintain blood sugar levels.
Diabetics with severe hypoglycemia can be successfully treated with prescription glucagon. Global glucagon market players are solidly positioned in the market, alongside young rivals that are disrupting the established dynamics.
New entrants are offering highly creative ideas and technologically advanced next-generation concepts with the goal of speeding up the scientific advancement of the therapy as well as replacing industrial behemoths. The increasingly modernizing pharmaceutical business, as well as the increased research exploration by major participants, has resulted in stronger market fusion.
The global glucagon market is basically segregated into type, application, as well as regional landscape. On considering the type segment, the global market is fragmented into nasal glucagon as well as injective glucagon. On considering the application, the global glucagon industry is fragmented into diagnostic and motility, emergency kits, general use, cardiogenic shocks, and others.
Eli Lilly, Xeris Pharmaceuticals, Novo Nordisk, Taj Pharmaceuticals, Fresenius Kabi, and Torrent Labs are the leading service providers in the global glucagon market. For instance, Fresenius Kabi created a glucagon emergency kit for treating life-threatening situations of low blood sugar in 2020, which is regarded as a significant potential for the firm to expand its product range. The glucagon market is made up of strong local companies with a well-established market presence, as well as multinational players with international strategic objectives. The leading market players are using an innovative approach to improving product capabilities and developing improved solutions in order to get a competitive edge in the global market.
Table Of Contents
1. Introduction
1.1. Introduction
1.2. Market Definition and Scope
1.3. Units, Currency, Conversions, and Years Considered
1.4. Key Stakeholders
1.5. Key Questions Answered
2. Research Methodology
2.1. Introduction
2.2. Data Capture Sources
2.3. Market Size Estimation
2.4. Market Forecast
2.5. Data Triangulation
2.6. Assumptions and Limitations
3. Market Outlook
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. Porter’s Five Forces Analysis
3.4. PEST Analysis
4. Glucagon Market by Type, 2018-2028 (USD Million)
4.1. Injectable Glucagon
4.2. Nasal Glucagon
5. Glucagon Market by Application, 2018-2028 (USD Million)
5.1. General Use
5.2. Emergency Kits
5.3. Diagnostics and Motility
5.4. Cardiogenic Shock
5.5. Others…………..continued
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