Glucagon Therapy Market Expansion Projected To Gain An Uptick During 2021-2031

Mass technological transformation of the global healthcare industry has left key market participants struggling to traverse the complexities of medical and life sciences. Given the shifting dynamics of the global healthcare sector, pharma and biotech companies are taking measured efforts to improve patient outcomes in an effective manner, while keeping a careful watch on the bottom line.

Much is being said about Artificial Intelligence taking over manual back office and supply chain operations in the healthcare ecosystem, threatening to replace physicians from critical claims processing roles. This might put pressure on pharmaceutical companies to ensure readiness to the new technology.

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Big data and analytics will drive patient outcomes in a big way, and the coming years will witness a growing emphasis on healthcare service providers in the business of gathering and processing patient health data.

Creating outcome-oriented financial models to maximize reimbursements in value-based healthcare will be a strategic shift from the traditional fees-for-services model. This implies that pharmaceutical companies will need to devise appropriate measures to optimize costs and improve the quality of patient care.

Market Overview

Glucagon therapy is primarily used in the management of hypoglycemia in adults, children, and pregnant women. Glucagon secreted by pancreas which is released in form of glucose that raise blood glucose levels by liver to convert glycogen to glucose. Glucagon is a medication for the treatment of severe low blood sugar level (Hypoglycemia). Glucagon therapy comprises of injectable and nasal form for the treatment of hypoglycemia.

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Glucagon Therapy Market: Drivers & Restraints

Glucagon therapy market is growing attributable to use as a cardiovascular stimulant after beta-blocker or calcium channel blocker overdose also glucagon therapy is utilized to restrain gastrointestinal motility to aid radiologic examinations. It may also be used to help make a detection of insulin. Increase in the number of mortality cases due to hypoglycemia, increase in the predominance of hypoglycemia in diabetic patients are the factors which contribute in the growth of glucagon therapy market.

Increment in prevalence rate of hypoglycemia due to other diseases such as severe falciparum malaria have are other factors which can be responsible for the growth of glucagon therapy market. Glucagon therapy market is growing because of increment being used of beta blocker lethality as glucagon is generally accepted as an antidote, especially as first-line treatment in β-blocker overdose as Cardiovascular medication overdose was the fourth driving reason of death.

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Glucagon Therapy Market: Segmentation

Glucagon therapy market has been segmented on basis of product type, application, end user and regions.

Glucagon Therapy Market can Segmentation on basis of product type

• Inject Glucagon
• Nasal Glucagon

Glucagon Therapy Market can Segmentation on basis of application type

• General Use
• Emergency kit
• Diagnostic and Motility
• Cardiogenic Shock
• Others

Glucagon Therapy Market can Segmentation on basis of end user

• Hospitals
• Speciality Clinics

Glucagon Therapy Market: Key Players

The key players operating in the Glucagon therapy market are

• Eli Lilly
• Taj Pharmaceuticals
• Torrent Labs
• Xeris Pharmaceuticals
• Novo Nordisk
• Fresenius Kabi.

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