Market Size of India Oral Anti-Diabetic Drug Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Market Size (2024) | USD 1.7 Billion |
| Market Size (2029) | USD 2.01 Billion |
| CAGR (2024 - 2029) | 3.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
India Oral Anti-Diabetic Drug Market Analysis
The India Oral Anti-Diabetic Drug Market size is estimated at USD 1.7 billion in 2024, and is expected to reach USD 2.01 billion by 2029, growing at a CAGR of 3.5% during the forecast period (2024-2029).
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.
