Increasing instances of diabetes is driving the growth in the global insulin pills market in the forecast period, 2022-2026.
According to TechSci Research report, “Insulin Pills Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026”, the global insulin pills market would potentially project an impressive growth in the forecast period, 2022-2026, with an impressive CAGR on the account of increasing instances of diabetes. Increasing geriatric population suffering from Type 1 and Type 2 diabetes is further driving the growth of the global insulin pills market in the upcoming five years.
Moreover, prevalence of the extended research and technological advances to formulate innovative pharmaceutical products as a treatment for the diseases as well as to contain the symptoms, the futuristic growth of global insulin pills market in expected in the next five years. Additionally, increasing patient compliance toward oral administration of the diabetes drugs is expected to aid the growth of the global insulin pills market in the future five years.
Also, increasing awareness and preferences toward using insulin pills instead of injections along with the advantages of the insulin pills over injections is substantiating the growth of the global insulin pills market in the forecast years, until 2026.
Although higher cost of the pharmaceutical and dependency over the drug might hinder with the growth of the global insulin pills market, but initiatives by several market players that are already dominating the pharmaceutical sector may support the growth and reinstate the futuristic growth of the global insulin pills market in the forecast period, 2022-2026.
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The global insulin pills market is segmented on the basis of form, type of insulin, competitional landscape, and regional distribution. Based on form, the market is further fragmented into tablet, and capsule. Tablets are anticipated to hold the largest revenue shares of the market in the upcoming five years on the grounds of its easier administration when compared to capsule forms of the drugs, and thus dominate the market segmentation too.
Moreover, increasing number of children population with diabetes is surging the demand for the tablets since they are easier to digest for them and even for the administration. Moreover, injections of insulin to the younger population are difficult and non-feasible thus oral insulin drugs are more preferential, thereby aiding the growth of the sub-segment and driving the growth of the global insulin pills market in the next five years.
Capsules are also expected to register significant growth in the future five years on the account of the added advantage of the capsules, that they deliver the drug directly into the target organ and protects the drug from the gastro-intestinal tract. Oramed Pharmaceuticals Inc. discovered a way to convert injectable medications into oral treatments, culminating in a breakthrough technology which protects the peptide as it enters the gastrointestinal tract with a special coating, while pharmacology (protease inhibitors) stops protein-degrading gut enzymes from damaging the drug.
Additionally, absorption enhancers help the peptides cross the small intestine wall. These functions that are feasible due to capsules and the factor is actively influencing the future growth of the global insulin pill market in the forecast years.
List of major market players of the global insulin pills market includes:
- Oramed Pharmaceuticals Inc.
- Novo Nordisk A/S
- vTv Therapeutics Inc.
- Biocon Limited
- Diabetology Ltd.
- NOD Pharmaceuticals, Inc.
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“North America region is anticipated to dominate the regional market analysis in the upcoming five years on the grounds of increasing number of patients suffering from abnormal blood sugar levels. Moreover, countries like United States and Canada in the North America region have a well-established healthcare sector that is a major factor influencing the growth of the market. Also, increasing development of the innovative pharmaceutical to combat blood sugar disorders is further substantiating the growth of the global insulin pill market in the future five years. Market players like Oramed Pharmaceutical Inc. are conducting number of clinical trials for the ORMD-0801 drug as an insulin pill and its approaching approvals from US-FDA shows probable increasing number of pharmaceutical products that are expected to be launched and commercialized in next few years, further aiding to the growth of the global insulin pill market in the forecast years. New market players may form mergers and acquisitions with the established market players and dominators of the pharmaceutical industry thus establishing their brand value in the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Global Insulin Pills Market – Global Industry Size, Share, Trends, Competition, Opportunity and Forecast, 2016-2026 Segmented By Form (Tablet v/s Capsule), By Type of Insulin (Long-Acting Insulin, Short-Acting Insulin, Rapid-Acting Insulin), By Region”, has evaluated the future growth potential of global insulin pills and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global insulin pills market.
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