The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The dulaglutide market has grown significantly in recent years, with its size increasing from $3.87 billion in 2023 to $4.17 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.7%. This growth is driven by the rising prevalence of type 2 diabetes, increased utilization, higher investments in research and development, a greater focus on chronic diseases, and advancements in personalized medicine. The market is projected to continue expanding, reaching $5.66 billion by 2028 at a CAGR of 7.9%. The expected growth during this period is attributed to increased clinical trials, rising obesity rates, an aging population, expanding telemedicine services, growth in endocrinology clinics, and greater use of electronic health records. Key trends anticipated for the forecast period include technological advancements, personalized medicine, telemedicine, digital health platforms, and mobile health apps.

The increasing prevalence of type 2 diabetes is expected to drive the growth of the dulaglutide market. Type 2 diabetes is a chronic condition characterized by insulin resistance or insufficient insulin production, leading to high blood sugar levels. The rise in type 2 diabetes is linked to increasing obesity rates, poor diets, and sedentary lifestyles. Dulaglutide helps manage type 2 diabetes by enhancing insulin secretion and reducing glucagon levels, thus lowering blood sugar levels. According to the International Diabetes Federation in December 2021, diabetes affected 537 million adults aged 20 to 79 in 2021, with projections to rise to 643 million by 2030 and 783 million by 2045. Therefore, the increasing prevalence of type 2 diabetes is driving the growth of the dulaglutide market.

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What Are The Key Trends That Influence Dulaglutide Market Share Analysis?

Major companies operating in the dulaglutide market are focused on developing innovative products, such as anti-diabetic drugs, to meet the increasing demand for effective treatments for managing diabetes mellitus. Anti-diabetic drugs are medications that manage and treat diabetes mellitus by regulating blood sugar levels through mechanisms like increasing insulin sensitivity, stimulating insulin production, or slowing glucose absorption from the digestive tract. For instance, in January 2024, Glenmark Pharmaceuticals Limited, an India-based pharmaceutical company, launched the first biosimilar of the anti-diabetic drug Liraglutide in India under the brand name Lirafit. This move signifies Glenmark’s strategic entry into the biosimilar market for anti-diabetic drugs, aimed at providing patients with a more affordable treatment option. The biosimilar is expected to maintain efficacy and safety profiles comparable to the original drug, meeting stringent regulatory standards.

How Is The Global Dulaglutide Market Segmented?

1) By Type: Syringe Pen; Multi-Dose Bottles
2) By Application: Medical Insurance; Pharmaceutical; Clinical Research
3) By Distribution Channel: Hospital Pharmacies; Retail Pharmacies; Online Pharmacies

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The Dulaglutide Global Market Report 2024 provides an overview of the dulaglutide market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The dulaglutide market forecast analyzes dulaglutide market size, dulaglutide market share, leading competitor and their market positions.

The Table Of Content For The Dulaglutide Market Include:

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