India Oral Anti-Diabetic Drug Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

India Oral Anti-Diabetic Drug Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

The India Oral Anti-Diabetic Drug Market size is expected to grow from USD 1.64 billion in 2023 to USD 1.94 billion by 2028, at a CAGR of 3.50% during the forecast period (2023-2028).

Infections with COVID-19, which started about two years ago, have increased by almost 25% in India. India is regarded as the diabetes capital because there are over 80 million diabetics there. Hypoxia, weakness, weight loss, hair loss, myocarditis, and thyroid issues are just a few of the recurring and new health issues that have been related to COVID. This viral infection causes a variety of inflammatory reactions. Yet, one of the most common adverse effects of infectious illness is reported to be diabetes. Dr. Anoop Misra, a renowned endocrinologist from Delhi, claims that thyroid problems and new-onset diabetes are common in COVID-19 patients globally. He proposed two possible explanations: "some unfurling of autoimmunity" (when the body's immune system makes a mistake and attacks its tissues and organs) and/or "severe repercussions of cytokine surge," a powerful immunological reaction observed in some Covid patients.

One in six people with diabetes worldwide, according to an article in "THE HINDU," is Indian. With an estimated 80 million diabetics, the country ranks second among the top 10 countries for those with the disease. In India, more than 50% of the population is at risk of developing diabetes at some point in their lives, making it a serious public health issue. Rural parts of India are also experiencing an increase in the incidence of type 2 diabetes. After lifestyle changes, oral anti-diabetic medications play a significant role in the management of diabetes. Dipeptidyl peptidase 4 (DPP4) inhibitors and sodium-glucose cotransporter 2 (SGLT2) inhibitors are two novel medications that can be used alone or in combination with existing glucose-lowering medications, such as insulin, when diet and exercise alone are insufficient, and metformin is not tolerated. These drugs have different therapeutic, pharmacokinetic, and safety properties than the more established drugs. Recently approved drugs like bromocriptine and hydroxychloroquine (hcq) have positive effects on blood sugar and HbA1C levels. Sulfonylureas (SU) were the only licensed insulin rivals until metformin was approved, and they were widely employed to treat T2DM. While there are now just three SU medications that can be prescribed.

India Oral Anti-Diabetic Drug Market Trends

Sodium-glucose Cotransport-2 (SGLT-2) inhibitor Segment Occupied the Highest Market Share in India Oral Anti-Diabetic Drugs Market in 2022

In terms of revenue, the Sodium-glucose cotransport -2 (SGLT-2) inhibitor segment is anticipated to lead the India Oral Anti-Diabetic Drugs Market and post a CAGR of over 11% during the course of the forecast year.

Type 2 diabetes is treated using a group of drugs called Sodium-glucose cotransport -2 (SGLT-2) inhibitors, some of which have also been approved to treat obesity. One of its benefits is that they are less likely to cause hypoglycemia than more traditional insulin secretagogues like sulfonylureas or meglitinides. In addition to significantly lowering blood sugar, SGLT2As have significant effects on the makeup of gut bacteria, lung protection, and inflammation. As a result, SGLT2s have proven to be effective anti-diabetic (glucose-lowering) drugs during the COVID-19 pandemic times as well as potential candidates for treating COVID-19 infection-infected individuals, whether or not they have type 2 diabetes. The National Health Program is divided into basic aid tiers, each of which can be specifically defined in a given place. The National Health Program is structured according to LEAs. The LEAs specify all medical assistance programs offered by the INHS to citizens, with or without a patient's income-based partial contribution. Diabetes, a serious health disease, is one of the main issues Italian healthcare institutions are currently confronting. The progression of the disease, its rising prevalence, and the need for more treatment choices for diabetes patients have sparked the creation of novel drugs. The launch of various new products, developing international research collaborations for technical improvement, and increasing public awareness of diabetes are some of the potential opportunities for enterprises in the Indian diabetes pharmaceutical market.

Increasing Diabetes Population in India is driving the market.

Diabetes, a long-term condition, is a silent killer. Several medical professionals cautioned that patients with comorbid conditions are particularly vulnerable to the virus during the initial COVID-19 wave last year. Diabetes mellitus, generally known as diabetes, is a metabolic condition characterized by high blood sugar levels. A complete lack of insulin results in type 1 diabetes, also known as insulin-dependent diabetes mellitus. With type 2 diabetes mellitus, the body either produces insufficient amounts of insulin or is unable to use the insulin that is produced. According to some, type 2 diabetes is a lifestyle condition. Sugary treats are a hallmark of Indian culture and are consumed during many religious festivals and old customs. It is therefore anticipated to drive the category expansion during the forecast period because of the aforementioned factors. Unfortunately, with more patients being added each year, India has become the world's diabetes capital. This is a key source of concern for the Center as well as adding to the growing cost of healthcare on the Indian economy. The government is aware of this and appears to be acting to combat it by lowering the price of a few recently released diabetes medications. Pharma companies are also recognizing a new development opportunity by developing novel medications and therapeutic fusions.

India Oral Anti-Diabetic Drug Industry Overview

India's oral anti-diabetes drug market is consolidated, with a few major manufacturers like Eli Lilly, AstraZeneca, Sanofi, and Janssen Pharmaceuticals having a global market presence. In contrast, the remaining manufacturers are confined to the other local or regional markets. Companies are focusing on innovations in diabetes drugs.

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