Incretin mimetics are a class of drugs that mimic the effects of incretin hormones like GLP-1. Incretins are gut hormones that are released in response to eating and help stimulate insulin secretion. Incretin mimetics work by binding to and activating GLP-1 receptors. When triggered, these receptors stimulate the production and release of insulin from beta cells in a glucose-dependent manner. This leads to better control of blood sugar levels with a lower risk of hypoglycemia. In addition, incretin mimetics are also associated with weight loss due to reduced appetite and food intake. Some common Incretin mimetics drugs approved for treating type 2 diabetes include exenatide and liraglutide.
Market Dynamics:
The global incretin mimetics market’s growth is driven by the growing prevalence of type 2 diabetes worldwide, coupled with the increasing adoption of GLP-1 drugs over other classes of antidiabetic medications. Their efficacy in promoting weight loss and low risk of hypoglycemia give them an advantage compared to alternatives. However, factors such as high development costs, stringent regulatory pathways, and side effects associated with long-term usage of incretin mimetics could hamper market growth. Meanwhile, developing economies represent lucrative opportunities for market players attributed to improving access to healthcare facilities and diagnostics in these regions. Continuous research and development into novel delivery systems and longer-acting formulations also present new avenues for augmenting the market revenues over the forecast period.
Key Features of the Study:
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