Advanced Glycation End Products Market is Estimated to Witness High Growth Owing to Increased Adoption of Glycation Inhibitors.
Advanced glycation end products (AGEs) refer to compounds or molecules that are formed as a result of non-enzymatic glycation and oxidation of proteins or lipids. AGEs accumulate on long-living proteins such as collagen due to hyperglycemia in diabetes and normal aging process. The accumulation of AGEs can lead to damage of cells, tissues and organs owing to increased cross-linking associated with collagen and basement membranes. Glycation inhibitors are increasingly being used to mitigate the accumulation of AGEs. Products comprising aminoguanidine and ALT-711 significantly reduce AGE formation and modify disease progression. Such anti-glycating compounds slow down AGE-induced damage in diabetes and aging.
The Global Advanced Glycation End Products Market is estimated to be valued at US$ 130.7 Bn in 2024 and is expected to exhibit a CAGR of 6.1% over the forecast period 2024 to 2031
Key Takeaways
Key players operating in the Advanced Glycation End Products are Alteon Inc., Plexxikon Inc., Phenomenome Discoveries Inc., Kowa Company Ltd., Novartis International AG, OPKO Health, Inc., DiabetOmics, Inc., Amadori Scientific, LabCorp, Quest Diagnostics Incorporated, AstraZeneca plc, Bayer AG, Bristol-Myers Squibb Company, Pfizer Inc., GlaxoSmithKline plc, Merck and Co., Inc., Eli Lilly and Company, Sanofi S.A.
The key opportunities in the market include increased adoption of glycation inhibitors and development of novel Advanced Glycation End Products Market Growth inhibitors to offer effective treatment for diabetes and other AGEs-linked diseases.
Technological advancements such as development of advance glycation product measurement techniques and novel anti-AGE agents are expected to fuel the market growth over the forecast period.
Market drivers: Rising prevalence of diabetes and growing geriatric population who are more susceptible to accumulation of AGEs are some of the key factors driving the growth of the advanced glycation end products market. Increase in R&D activities related to development of glycation inhibitors is also expected to boost the market during the forecast period.
Current challenges in Advanced Glycation End Products Market:
The advanced glycation end products (AGEs) market suffers from lack of awareness about the adverse effects of AGEs accumulation in the body. Glycation is a natural process, however excessive Advanced Glycation End Products Market Challenges And Opportunities due to modern lifestyle and dietary factors can lead to deleterious health outcomes. More research and education programs are needed to highlight the links between AGEs and various chronic diseases like diabetes, cardiovascular diseases, Alzheimer's etc. Another challenge is lack of approved therapeutic drugs for directly treating diseases resulting from increased AGEs levels. Currently, the focus is more on controlling blood glucose and using natural remedies to reduce glycation.
SWOT Analysis
Strength: Growing evidence of role of AGEs in diabetes, renal diseases, Alzheimer's etc. is boosting research efforts.
Weakness: Limited approved drug treatments available. Most strategies aim to control precursors like hyperglycemia rather than directly targeting accumulated AGEs.
Opportunity: Development of novel anti-glycating agents and drugs inhibiting AGE-receptor interactions have high commercial potential.
Threats: High research & development costs and lengthy approval timelines pose risks for new market entrants.
The United States represents the largest market for advanced glycation end products currently accounting for over 40% share in terms of value due to high incidence of diabetes and associated complications. However, Asia Pacific region is estimated to be the fastest growing market during the forecast period driven by rising geriatric population, growing prevalence of lifestyle diseases and increasing healthcare expenditure in major Asian economies like China and India. Europe holds the second largest share and countries like Germany, UK, France are major revenue generators for AGEs market players in this region. Other regions including Latin America, Middle East and Africa also offer lucrative opportunities for market participants to tap into.
Geographically, North America dominates the advanced glycation end products market and holds the largest market share currently. This is attributed to factors such as growing geriatric population, rising prevalence of diabetes and associated chronic disorders, availability of advanced healthcare facilities, awareness of effects of AGEs, and presence of key players in the region. Asia Pacific region, on the other hand, is poised to witness the highest growth during the forecast period, owing to growing healthcare expenditure, mounting geriatric population, improving access to healthcare, rising awareness about glycation-induced pathologies and the consequent health issues.
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About Author:
Alice Mutum is a seasoned senior content editor at Coherent Market Insights, leveraging extensive expertise gained from her previous role as a content writer. With seven years in content development, Alice masterfully employs SEO best practices and cutting-edge digital marketing strategies to craft high-ranking, impactful content. As an editor, she meticulously ensures flawless grammar and punctuation, precise data accuracy, and perfect alignment with audience needs in every research report. Alice's dedication to excellence and her strategic approach to content make her an invaluable asset in the world of market insights.
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