Mexico oral anti-diabetes drugs market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Due to the rise in type 2 diabetes incidence, the market for oral antidiabetic medications is anticipated to have a considerable increase over the forecast period. The adoption of a bad lifestyle, environmental pollution, and a family history of diabetes disease all contribute to the market growth for oral antidiabetic medications. Some of the major key players in this market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Mylan N.V., Fresenius Kabi AG, etc.
Mexico Oral Anti-Diabetes Drugs Market is valued at around $713.8 Mn in 2022 and is projected to reach $1110.4 Mn by 2030, exhibiting a CAGR of 5.68% during the forecast period 2023-2030.
Diabetes is a condition where there is a lack of insulin in the body and a high blood glucose level. Anti-diabetic medicines are prescription medications used to treat diabetes. It lowers blood sugar levels by activating gluconeogenic enzymes and glycogen phosphorylase, which reveals slower rates of glycogenolysis and gluconeogenesis. Since the healthcare industry places a high value on it, the market is anticipated to grow significantly throughout the forecast period. Due to the rise in type 2 diabetes incidence, the market for oral antidiabetic medications is anticipated to have a considerable increase over the forecast period. The adoption of a bad lifestyle, environmental pollution, and a family history of diabetes disease all contribute to the market growth for oral antidiabetic medications. The major key players in this market are Pfizer Inc., F. Hoffmann-La Roche Ltd., Mylan N.V., Fresenius Kabi AG, Hikma Pharmaceuticals Plc, Novartis AG, Teva Pharmaceutical Industries Ltd., Bristol Myers Squibb Co., GSK Plc., and Bayer AG.
Market Growth Drivers
There will be 643 Mn adults with diabetes worldwide by 2030, up from the estimated 537 Mn in 2021. The rate of newly diagnosed instances of Type 1 and Type 2 diabetes is increasing, and this is likely due to several factors including obesity, a poor diet, and a lack of physical activity. As a result, this accelerates market expansion. With a prescription rate of 45–50% of all prescriptions, metformin continues to be the most often prescribed oral antidiabetic treatment globally. It is also used by more than 150 Mn individuals annually. Long-term good experiences with metformin use provide compelling evidence of the drug's therapeutic efficacy, safety, affordability, availability, high rate of adherence, and cost-effectiveness. As a result, it opens up opportunities for market expansion.
Market Restraints
The usage of oral diabetes medications has several side effects, including b12 deficiency, nausea, gas, bloating, diarrhea, and upset stomach. The market is hampered as a result. Moreover, the expensive treatment options undoubtedly slow market expansion.
Key Players
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Drug Class
By Type
By Distribution Channels
Methodology for Database Creation
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2. Primary Research
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