Market Trends of Dipeptide Peptidase 4 (DPP-4) Inhibitors Industry
The Tradjenta segment is expected to witness the highest CAGR in the dipeptide peptidase 4 (DDP-4) inhibitors market over the forecast period
Tradjenta is a prescription drug approved by the Food and Drug Administration to help improve blood glucose control in adults with type 2 diabetes. It is considered an adjunct treatment to diet and exercise. It is also used as an add-on therapy to insulin. Tradjenta should not be used in patients with type 1 diabetes or for treating diabetic ketoacidosis (increased ketones in the blood or urine).
Boehringer Ingelheim Pharmaceuticals, Inc. offers a Tradjenta Savings card, and eligible commercially insured patients 18 years or older pay as little as USD 10/month with a maximum savings of up to USD 150. This offer is not valid for patients without commercial coverage or patients whose prescriptions for Tradjenta are eligible to be reimbursed, in whole or in part, by any governmental program. These programs include Medicaid, Medicare, Medigap, the Retiree Drug Subsidy Program, VA, DOD, TRICARE, or any state patient or pharmaceutical assistance program.
Owing to the rising prevalence and factors above, the growth of the studied market is anticipated over the forecast period.
Asia-Pacific region held the highest market share in the Dipeptide Peptidase 4 (DPP-4) Inhibitors Market in the current year
According to International Diabetes Federation, 90 million adults lived with diabetes in the IDF South-East Asia Region and 206 million adults in the IDF Western Pacific Region. This figure is estimated to increase to 113 million and 238 million by 2030. China holds the highest market share and is recognized as a potential developing market due to the growing diabetic population. It is a mature market with associated challenges, like slow economic growth, an aging population, and increased competition. The country is witnessing a significant increase in generic drug manufacturers. Furthermore, the leading global players in the market studied are facing intense competition from the regional players.
Diabetes reduces lifespan, and people with the disease are likely to experience blindness and be hospitalized for amputations, kidney failure, heart attacks, strokes, and heart failure. First-line therapy used in patients with T2D is metformin monotherapy. Other options must be considered when metformin is contraindicated or not tolerated or when treatment goals are not achieved after three months of use at the maximum tolerated dose. The growing spectrum of diabetes mellitus drugs includes dipeptidyl peptidase-4 (DPP-4) inhibitors, sodium-glucose cotransporter-2 inhibitors, and glucagon-like peptide-1 agonists, which are generally used to supplement treatment with metformin.
The market is expected to grow during the forecast period due to the factors above.
