| Product Code: ETC8631207 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Nigeria continued to heavily rely on imports of oral hypoglycemic agents (OHAs) with top exporters being India, China, Netherlands, Metropolitan France, and USA. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the market experienced a significant decline with a Compound Annual Growth Rate (CAGR) of -26.11% from 2020 to 2024. Furthermore, the growth rate from 2023 to 2024 declined even further by -30.43%. These trends suggest a challenging landscape for OHA imports in Nigeria, potentially driven by various factors affecting market dynamics.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Nigeria Oral Hypoglycemic Agents (OHAs) Market Overview |
3.1 Nigeria Country Macro Economic Indicators |
3.2 Nigeria Oral Hypoglycemic Agents (OHAs) Market Revenues & Volume, 2021 & 2031F |
3.3 Nigeria Oral Hypoglycemic Agents (OHAs) Market - Industry Life Cycle |
3.4 Nigeria Oral Hypoglycemic Agents (OHAs) Market - Porter's Five Forces |
3.5 Nigeria Oral Hypoglycemic Agents (OHAs) Market Revenues & Volume Share, By Type of Product, 2021 & 2031F |
3.6 Nigeria Oral Hypoglycemic Agents (OHAs) Market Revenues & Volume Share, By End Users, 2021 & 2031F |
4 Nigeria Oral Hypoglycemic Agents (OHAs) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing prevalence of diabetes in Nigeria |
4.2.2 Growing awareness about the importance of managing diabetes |
4.2.3 Improving healthcare infrastructure in the country |
4.3 Market Restraints |
4.3.1 High costs associated with oral hypoglycemic agents |
4.3.2 Limited access to healthcare services in rural areas |
4.3.3 Competition from alternative treatment options such as traditional medicine |
5 Nigeria Oral Hypoglycemic Agents (OHAs) Market Trends |
6 Nigeria Oral Hypoglycemic Agents (OHAs) Market, By Types |
6.1 Nigeria Oral Hypoglycemic Agents (OHAs) Market, By Type of Product |
6.1.1 Overview and Analysis |
6.1.2 Nigeria Oral Hypoglycemic Agents (OHAs) Market Revenues & Volume, By Type of Product, 2021- 2031F |
6.1.3 Nigeria Oral Hypoglycemic Agents (OHAs) Market Revenues & Volume, By Sulfonylureas, 2021- 2031F |
6.1.4 Nigeria Oral Hypoglycemic Agents (OHAs) Market Revenues & Volume, By Metformin, 2021- 2031F |
6.1.5 Nigeria Oral Hypoglycemic Agents (OHAs) Market Revenues & Volume, By Thiazolidinediones, 2021- 2031F |
6.1.6 Nigeria Oral Hypoglycemic Agents (OHAs) Market Revenues & Volume, By Alpha-Glucosidase Inhibitors, 2021- 2031F |
6.2 Nigeria Oral Hypoglycemic Agents (OHAs) Market, By End Users |
6.2.1 Overview and Analysis |
6.2.2 Nigeria Oral Hypoglycemic Agents (OHAs) Market Revenues & Volume, By Hospital, 2021- 2031F |
6.2.3 Nigeria Oral Hypoglycemic Agents (OHAs) Market Revenues & Volume, By Clinics, 2021- 2031F |
7 Nigeria Oral Hypoglycemic Agents (OHAs) Market Import-Export Trade Statistics |
7.1 Nigeria Oral Hypoglycemic Agents (OHAs) Market Export to Major Countries |
7.2 Nigeria Oral Hypoglycemic Agents (OHAs) Market Imports from Major Countries |
8 Nigeria Oral Hypoglycemic Agents (OHAs) Market Key Performance Indicators |
8.1 Percentage increase in diabetes diagnosis rates in Nigeria |
8.2 Number of healthcare facilities offering diabetes management services |
8.3 Adoption rate of newer, more effective oral hypoglycemic agents |
8.4 Patient adherence to prescribed OHA regimens |
8.5 Number of diabetes education programs conducted in the country |
9 Nigeria Oral Hypoglycemic Agents (OHAs) Market - Opportunity Assessment |
9.1 Nigeria Oral Hypoglycemic Agents (OHAs) Market Opportunity Assessment, By Type of Product, 2021 & 2031F |
9.2 Nigeria Oral Hypoglycemic Agents (OHAs) Market Opportunity Assessment, By End Users, 2021 & 2031F |
10 Nigeria Oral Hypoglycemic Agents (OHAs) Market - Competitive Landscape |
10.1 Nigeria Oral Hypoglycemic Agents (OHAs) Market Revenue Share, By Companies, 2024 |
10.2 Nigeria Oral Hypoglycemic Agents (OHAs) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |