“Global Glucagon Market, By Type (Inject Glucagon, Nasal Glucagon), By Application (Emergency Kits, General Use, Diagnostic & Motility, Cardiogenic Shock, Others), as well as by Region – Global Forecast 2021 to 2029.”, which offers a comprehensive view of the Global Glucagon Market through systematic segmentation, covering every aspect of this target market. The 5-year (2020–2025) cumulative revenue of this market is projected to be over $652.0 Mn, and is estimated to increase moderately over the latter part of the forecast period.
Glucagon is a peptide hormone, produced by alpha cells of the pancreas. It works to raise the concentration of glucose and fatty acids in the bloodstream, and is considered to be the primary catabolic hormone of the body.
The increasing incidence of hypoglycemia among individuals suffering from diabetes, as well as the numerous advancements being made in the administration of non-injectable glucagon for emergency purposes are some of the primary factors that are anticipated to continue to fuel the revenue growth of the Global Glucagon Market over the next 10 years. Moreover, the gradual increase in the number of approvals being sanctioned for by various respective governing authorities, as well as the increase in awareness concerning the benefits of glucagon usage are also factors that are slated to compliment opportunities for market growth in the years to come. Additionally, ever-expanding geriatric populations of the world is another major factor that is expected to further augment opportunities for revenue growth, as these individuals are more likely to develop disorders that may require a specific source of treatment, ideally using glucagon in conjunction with other forms of treatment are also factors anticipated to have a profound influence on this market. These are some of the other elements that are expected to further augment the global market footprint of this sector, and are some of the most crucial factors anticipated to play a critical role in augmenting projected revenues for the Global Glucagon Market to $837.0 Mn by 2030, at a CAGR of 6.6%.
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