Glucagon Market

Global Glucagon Market Size (2023 to 2028)

The global market for glucagon is estimated to grow at a CAGR of 7.2% during the forecast period. The market is predicted to be worth USD 834.2 million by 2028 from USD 589.2 million in 2023.

Glucagon is a pancreatic hormone used to treat severe hypoglycemia. It prompts the liver to convert glycogen to glucose, increasing blood sugar levels rapidly. Glucagon and insulin are two different but equally significant hormones connected to the glycemic control system of the human body, which monitors and maintains normal blood glucose levels. In cases of hypoglycemia, glucagon functions as a signal, prompting the body to release more glucose into the bloodstream, thereby maintaining normal blood sugar levels.

Glucagon is crucial for preventing dangerously low blood glucose levels, which can be detrimental to the body. Glucagon stimulates glycogenesis to maintain stable blood sugar levels. In addition, it prevents the liver from absorbing and storing excess sugar, which causes blood deficiency, ensuring adequate metabolic hormone levels in the circulation.

Additionally, glucagon supports the body in acquiring glucose from alternate sources, such as amino acids, in the event of a sugar deficiency. Rarely, inadequate glucagon levels in infants result in an inability to maintain blood sugar levels. Glucagon administered by prescription can successfully treat people with diabetes with severe hypoglycemia. As a result, global glucagon market participants are firmly positioned alongside younger competitors who are upending the old order. 

Impact of covid-19 on the global glucagon market:

COVID-19 has had different effects on different healthcare markets; for some, it has been advantageous, while for others, it has been disadvantageous, and some received an in-between impact. But focussing on the glucagon market seems to have a positive effect. The COVID-19 outbreak has had a good effect on the growth of the glucagon market. People with diabetes were more likely to experience severe consequences from the infection than those without diabetes. Thus, the need for glucagon to maintain blood sugar levels increased. However, the product's supply was temporarily disrupted due to the lockdown's effect on travel restrictions and supply chain delays.

MARKET DRIVERS:

The growing prevalence of chronic diseases and the geriatric population worldwide are propelling the global glucagon market.

The diversification of growth in the global glucagon market can be attributed to a firm reliance on an increasing geriatric population, accelerated therapeutic practices, and an increase in the number of out-patients and chronic disease incidences across the globe, with diabetes, and an increase in the prevalence of chronic ailments in young adults. In addition, accelerating technological advancements in the pharmaceutical industry and government funding are anticipated to be significant growth drivers for the worldwide glucagon market.

On the other hand, the research and development activities on developing the next generation of capabilities for severe hypoglycemia are expected to represent a significant opportunity for market expansion. Apart from this, the key strategies by the market players such as partnerships, mergers, and collaborations for developing new research further expand the market growth. Furthermore, the new entrants are offering highly innovative ideas and technologically advanced concepts to the next generation to accelerate the scientific advancement of the therapy and displace industrial behemoths. In addition, the increasing modernization of the pharmaceutical industry and the increased research exploration by major participants have resulted in a more cohesive market.

MARKET RESTRAINS:

Despite the remarkable efficacy of glucagon therapy in treating hypoglycemia, the global market for glucagon is obstructed by obstacles such as severe side effects. In addition, some reported allergic reactions in specific individuals with symptoms of vomiting and nausea impede adoption and expansion. However, in the coming years, ongoing research and development efforts to develop next-generation glucagon capabilities for severe hypoglycemia represent a significant opportunity for market expansion.

REPORT COVERAGE:

This research report on the global glucagon market has been segmented and sub-segmented based on the product type, application & region.

Glucagon Market - By Product Type:

• Injectable Glucagon
• Nasal Glucagon

Based on the product type, the injectable glucagon segment is expected to have the major share of the global glucagon market during the forecast period. The injectable glucagon's efficiency and ease of availability favor its market growth. 

Glucagon Market - By Application:

• Emergency Kits
• General Use
• Diagnostic & Motility
• Cardiogenic Shock
• Others

Based on application, the emergency kits segment is anticipated to hold the major share of the global market during the forecast period.

Glucagon Market - By Region:

• North America
• Europe
• APAC
• Latin America
• MEA

Due to its fully developed and mature market, North America is anticipated to account for the most considerable portion of the global Glucagon market over the forecast period. In addition, the region accounted for the largest revenue share of the worldwide glucagon market in 2020, indicating that it would continue to dominate this sector over the following decade. Countries like the U.S. and Canada are expected to contribute more to the market due to the growing rate of diabetes patients and the need for better health care.

The countries of the European region like the UK, Germany, Italy, and France are also expected to show growth in the market due to rising awareness of healthcare and increased need for glucagon-related treatments.

During the forecast period, the Asia-Pacific market is anticipated to expand at a substantial CAGR due to rising product awareness and increased healthcare spending. In addition, increased disposable incomes and the urgent need for healthcare in developing countries are expected to fuel the fast-growing CAGR in the region. 

Latin America with countries like Mexico and Argentina and the middle east and Africa with countries like UAE and South Africa are expected to show lucrative progress in the glucagon market.

KEY MARKET PLAYERS:

Pzier Inc, Fresenius SE & Co. KGaA, Eli Lilly & Co., Xeris Pharmaceuticals Ltd., Taj Pharmaceuticals, Amgen Inc, Avalon Pharma Private Limited, Bachem Holding AG, Fujifilm Holdings, Svar Life Science AB, Novo Nordisk A/S are some of the promising companies operating in the global glucagon market profiled in this report.

RECENT MARKET DEVELOPMENTS:

• In the recent past, Xeris Biopharma announced its first-quarter financial reports and its new product revenue of $21.9M. In addition, the company launched Recorlev and Groke Kit and some of its comping events.
• Lilly's mounjaro has entered the diabetes market and plans on releasing more diabetes-related medicine. At the same time, companies like Biogen and Esai Lecanemab are leading the neuroscience market.
• Zealand Pharma has announced positive results from its phase 3 trial of dasiglucagoon in pediatric patients with congenital hyperinsulinism. In this trial, dasiglucagon medication was determined to be well-tolerated, and 11 of 12 patients are continuing onto a long-term safety extension study.
• Innocent is catching up with competitors like Lilly and Novo Nordisk due to its phase 2 obesity data findings. The study evaluated the effects of mazdutide on 230 Chinese volunteers who were overweight or obese. 58.1 percent of those receiving a 3-mg dose, 82.5 percent of those receiving 4.5 mg, and 80.3 percent of those receiving 6 mg lost 5 percent or more of their body weight compared to 4.8 percent of those receiving a placebo after 24 weeks. While no patients on placebo saw a weight loss of 10 percent or more, 19.4 percent of those on the 3-mg dose, 49.2 percent on the 4.5-mg dose, and 50.8 percent on the 6-mg dose did.