Global Metformin Hydrochloride Market Size, Share, Growth Analysis Report - Forecast 2034

Metformin Hydrochloride Market

Metformin Hydrochloride Market By Application (Extended Release, Immediate Release, Combination Medicines, Oral Solutions), By Distribution Channel (Retail Pharmacy, Hospital Pharmacy, Online Pharmacy), and By Region: Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2025 - 2034

Category: Pharmaceutical Report Format : PDF Pages: 204 Report Code: ZMR-7509 Published Date: Sep-2025 Status : Published
Market Size in 2024 Market Forecast in 2034 CAGR (in %) Base Year
USD 301.5 Million USD 467.46 Million 4.2% 2024

Metformin Hydrochloride Market

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Table Of Content

  • Chapter 1. Preface
    • 1.1 Report Description and Scope
    • 1.2 Research scope
    • 1.3 Research methodology
      • 1.3.1 Market Research Type
      • 1.3.2 Market research methodology
  • Chapter 2. Executive Summary
    • 2.1 Global Metformin Hydrochloride Market, (2023 - 2030) ( USD Million)
    • 2.2 Global Metformin Hydrochloride Market : snapshot
  • Chapter 3. Global Metformin Hydrochloride Market - Industry Analysis
    • 3.1 Metformin Hydrochloride Market: Market Dynamics
    • 3.2 Market Drivers
      • 3.2.1 Rising number of patients with type 2 diabetes to drive market growth
    • 3.3 Market Restraints
      • 3.3.1. Side effects associated with the medicine to restrict market growth
    • 3.4 Market Opportunities
      • 3.4.1. Increasing research and innovation surrounding metformin HCL to provide growth opportunities
    • 3.5 Market Challenges
      • 3.5.1. Surging cost of healthcare and inaccessibility to medicine may challenge further expansion
    • 3.6 Porter’s Five Forces Analysis
    • 3.7 Market Attractiveness Analysis
      • 3.7.1 Market attractiveness analysis By Application
      • 3.7.2 Market attractiveness analysis By Distribution Channel
  • Chapter 4. Global Metformin Hydrochloride Market- Competitive Landscape
    • 4.1 Company market share analysis
      • 4.1.1 Global Metformin Hydrochloride Market: company market share, 2022
    • 4.2 Strategic development
      • 4.2.1 Acquisitions & mergers
      • 4.2.2 New Product launches
      • 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
      • 4.2.4 Research and development and Regional expansion
    • 4.3 Price trend analysis
  • Chapter 5. Global Metformin Hydrochloride Market - Application Analysis
    • 5.1 Global Metformin Hydrochloride Market overview: By Application
      • 5.1.1 Global Metformin Hydrochloride Market share, By Application, 2022 and 2030
    • 5.2 Extended Release
      • 5.2.1 Global Metformin Hydrochloride Market by Extended Release, 2023 - 2030 ( USD Million)
    • 5.3 Immediate Release
      • 5.3.1 Global Metformin Hydrochloride Market by Immediate Release, 2023 - 2030 ( USD Million)
    • 5.4 Combination Medicines
      • 5.4.1 Global Metformin Hydrochloride Market by Combination Medicines, 2023 - 2030 ( USD Million)
    • 5.5 Oral Solutions
      • 5.5.1 Global Metformin Hydrochloride Market by Oral Solutions, 2023 - 2030 ( USD Million)
  • Chapter 6. Global Metformin Hydrochloride Market - Distribution Channel Analysis
    • 6.1 Global Metformin Hydrochloride Market overview: By Distribution Channel
      • 6.1.1 Global Metformin Hydrochloride Market share, By Distribution Channel, 2022 and 2030
    • 6.2 Retail Pharmacy
      • 6.2.1 Global Metformin Hydrochloride Market by Retail Pharmacy, 2023 - 2030 ( USD Million)
    • 6.3 Hospital Pharmacy
      • 6.3.1 Global Metformin Hydrochloride Market by Hospital Pharmacy, 2023 - 2030 ( USD Million)
    • 6.4 Online Pharmacy
      • 6.4.1 Global Metformin Hydrochloride Market by Online Pharmacy, 2023 - 2030 ( USD Million)
  • Chapter 7. Metformin Hydrochloride Market - Regional Analysis
    • 7.1 Global Metformin Hydrochloride Market Regional Overview
    • 7.2 Global Metformin Hydrochloride Market Share, by Region, 2022 & 2030 ( USD Million)
    • 7.3. North America
      • 7.3.1 North America Metformin Hydrochloride Market, 2023 - 2030 ( USD Million)
        • 7.3.1.1 North America Metformin Hydrochloride Market, by Country, 2023 - 2030 ( USD Million)
    • 7.4 North America Metformin Hydrochloride Market, by Application, 2023 - 2030
      • 7.4.1 North America Metformin Hydrochloride Market, by Application, 2023 - 2030 ( USD Million)
    • 7.5 North America Metformin Hydrochloride Market, by Distribution Channel, 2023 - 2030
      • 7.5.1 North America Metformin Hydrochloride Market, by Distribution Channel, 2023 - 2030 ( USD Million)
    • 7.4. Europe
      • 7.4.2 Europe Metformin Hydrochloride Market, 2023 - 2030 ( USD Million)
        • 7.4.2.1 Europe Metformin Hydrochloride Market, by Country, 2023 - 2030 ( USD Million)
    • 7.4 Europe Metformin Hydrochloride Market, by Application, 2023 - 2030
      • 7.4.1 Europe Metformin Hydrochloride Market, by Application, 2023 - 2030 ( USD Million)
    • 7.5 Europe Metformin Hydrochloride Market, by Distribution Channel, 2023 - 2030
      • 7.5.1 Europe Metformin Hydrochloride Market, by Distribution Channel, 2023 - 2030 ( USD Million)
    • 7.5. Asia Pacific
      • 7.5.3 Asia Pacific Metformin Hydrochloride Market, 2023 - 2030 ( USD Million)
        • 7.5.3.1 Asia Pacific Metformin Hydrochloride Market, by Country, 2023 - 2030 ( USD Million)
    • 7.4 Asia Pacific Metformin Hydrochloride Market, by Application, 2023 - 2030
      • 7.4.1 Asia Pacific Metformin Hydrochloride Market, by Application, 2023 - 2030 ( USD Million)
    • 7.5 Asia Pacific Metformin Hydrochloride Market, by Distribution Channel, 2023 - 2030
      • 7.5.1 Asia Pacific Metformin Hydrochloride Market, by Distribution Channel, 2023 - 2030 ( USD Million)
    • 7.6. Latin America
      • 7.6.4 Latin America Metformin Hydrochloride Market, 2023 - 2030 ( USD Million)
        • 7.6.4.1 Latin America Metformin Hydrochloride Market, by Country, 2023 - 2030 ( USD Million)
    • 7.4 Latin America Metformin Hydrochloride Market, by Application, 2023 - 2030
      • 7.4.1 Latin America Metformin Hydrochloride Market, by Application, 2023 - 2030 ( USD Million)
    • 7.5 Latin America Metformin Hydrochloride Market, by Distribution Channel, 2023 - 2030
      • 7.5.1 Latin America Metformin Hydrochloride Market, by Distribution Channel, 2023 - 2030 ( USD Million)
    • 7.7. The Middle-East and Africa
      • 7.7.5 The Middle-East and Africa Metformin Hydrochloride Market, 2023 - 2030 ( USD Million)
        • 7.7.5.1 The Middle-East and Africa Metformin Hydrochloride Market, by Country, 2023 - 2030 ( USD Million)
    • 7.4 The Middle-East and Africa Metformin Hydrochloride Market, by Application, 2023 - 2030
      • 7.4.1 The Middle-East and Africa Metformin Hydrochloride Market, by Application, 2023 - 2030 ( USD Million)
    • 7.5 The Middle-East and Africa Metformin Hydrochloride Market, by Distribution Channel, 2023 - 2030
      • 7.5.1 The Middle-East and Africa Metformin Hydrochloride Market, by Distribution Channel, 2023 - 2030 ( USD Million)
  • Chapter 8. Company Profiles
    • 8.1 Shouguang Fukang Pharmaceutical
      • 8.1.1 Overview
      • 8.1.2 Financials
      • 8.1.3 Product Portfolio
      • 8.1.4 Business Strategy
      • 8.1.5 Recent Developments
    • 8.2 CR Double-Crane
      • 8.2.1 Overview
      • 8.2.2 Financials
      • 8.2.3 Product Portfolio
      • 8.2.4 Business Strategy
      • 8.2.5 Recent Developments
    • 8.3 Wanbury
      • 8.3.1 Overview
      • 8.3.2 Financials
      • 8.3.3 Product Portfolio
      • 8.3.4 Business Strategy
      • 8.3.5 Recent Developments
    • 8.4 Keyuan Pharmaceutical
      • 8.4.1 Overview
      • 8.4.2 Financials
      • 8.4.3 Product Portfolio
      • 8.4.4 Business Strategy
      • 8.4.5 Recent Developments
    • 8.5 Aarti Drugs
      • 8.5.1 Overview
      • 8.5.2 Financials
      • 8.5.3 Product Portfolio
      • 8.5.4 Business Strategy
      • 8.5.5 Recent Developments
    • 8.6 Farmhispania Group
      • 8.6.1 Overview
      • 8.6.2 Financials
      • 8.6.3 Product Portfolio
      • 8.6.4 Business Strategy
      • 8.6.5 Recent Developments
    • 8.7 Harman Finochem
      • 8.7.1 Overview
      • 8.7.2 Financials
      • 8.7.3 Product Portfolio
      • 8.7.4 Business Strategy
      • 8.7.5 Recent Developments
    • 8.8 Exemed Pharmaceuticals
      • 8.8.1 Overview
      • 8.8.2 Financials
      • 8.8.3 Product Portfolio
      • 8.8.4 Business Strategy
      • 8.8.5 Recent Developments
    • 8.9 Vistin Pharma
      • 8.9.1 Overview
      • 8.9.2 Financials
      • 8.9.3 Product Portfolio
      • 8.9.4 Business Strategy
      • 8.9.5 Recent Developments
    • 8.10 Shijiazhuang Polee Pharmaceutical
      • 8.10.1 Overview
      • 8.10.2 Financials
      • 8.10.3 Product Portfolio
      • 8.10.4 Business Strategy
      • 8.10.5 Recent Developments
    • 8.11 USV.
      • 8.11.1 Overview
      • 8.11.2 Financials
      • 8.11.3 Product Portfolio
      • 8.11.4 Business Strategy
      • 8.11.5 Recent Developments
    • 8.12 and others.
      • 8.12.1 Overview
      • 8.12.2 Financials
      • 8.12.3 Product Portfolio
      • 8.12.4 Business Strategy
      • 8.12.5 Recent Developments

Table Of Figures

  • 1. Market research Type
  • 2. Market research methodology
  • 3. Global Metformin Hydrochloride Market, 2023 - 2030 ( USD Million)
  • 4. Porter’s Five Forces Analysis
  • 5. Global Metformin Hydrochloride Market attractiveness, By Application
  • 6. Global Metformin Hydrochloride Market attractiveness, By Distribution Channel
  • 7. Global Metformin Hydrochloride Market share by Application, 2023 and 2030 ( USD Million)
  • 8. Global Metformin Hydrochloride Market by Extended Release, 2023 - 2030 ( USD Million)
  • 9. Global Metformin Hydrochloride Market by Immediate Release, 2023 - 2030 ( USD Million)
  • 10. Global Metformin Hydrochloride Market by Combination Medicines, 2023 - 2030 ( USD Million)
  • 11. Global Metformin Hydrochloride Market by Oral Solutions, 2023 - 2030 ( USD Million)
  • 12. Global Metformin Hydrochloride Market share by Distribution Channel, 2023 and 2030 ( USD Million)
  • 13. Global Metformin Hydrochloride Market by Retail Pharmacy, 2023 - 2030 ( USD Million)
  • 14. Global Metformin Hydrochloride Market by Hospital Pharmacy, 2023 - 2030 ( USD Million)
  • 15. Global Metformin Hydrochloride Market by Online Pharmacy, 2023 - 2030 ( USD Million)
  • 16. Global Metformin Hydrochloride Market share, by Region, 2023 and 2030
  • 17. North America Metformin Hydrochloride Market, 2023 - 2030 ( USD Million)
  • 18. Europe Metformin Hydrochloride Market, 2023 - 2030 ( USD Million)
  • 19. Asia Pacific Metformin Hydrochloride Market, 2023 - 2030 ( USD Million)
  • 20. Latin America Metformin Hydrochloride Market, 2023 - 2030 ( USD Million)
  • 21. The Middle-East and Africa Metformin Hydrochloride Market, 2023 - 2030 ( USD Million)

Table Of Tables

  • 1. Global Metformin Hydrochloride Market: Snapshot
  • 2. Drivers of the Metformin Hydrochloride Market: impact analysis
  • 3. North America Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 4. North America Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 5. U.S. Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 6. U.S. Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 7. Canada Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 8. Canada Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 9. Europe Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 10. Europe Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 11. Germany Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 12. Germany Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 13. France Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 14. France Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 15. U.K. Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 16. U.K. Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 17. Italy Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 18. Italy Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 19. Spain Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 20. Spain Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 21. Rest of Europe Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 22. Rest of Europe Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 23. Asia Pacific Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 24. Asia Pacific Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 25. China Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 26. China Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 27. Japan Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 28. Japan Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 29. India Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 30. India Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 31. South Korea Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 32. South Korea Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 33. South-East Asia Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 34. South-East Asia Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 35. Rest of Asia Pacific Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 36. Rest of Asia Pacific Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 37. Latin America Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 38. Latin America Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 39. Brazil Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 40. Brazil Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 41. Mexico Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 42. Mexico Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 43. Rest of Latin America Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 44. Rest of Latin America Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 45. The Middle-East and Africa Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 46. The Middle-East and Africa Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 47. GCC Countries Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 48. GCC Countries Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 49. South Africa Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 50. South Africa Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)
  • 51. Rest of Middle-East Africa Metformin Hydrochloride Market revenue, By Application, 2023 - 2030 ( USD Million)
  • 52. Rest of Middle-East Africa Metformin Hydrochloride Market revenue, By Distribution Channel, 2023 - 2030 ( USD Million)

Methodology

FrequentlyAsked Questions

The chemical compound form of metformin is metformin hydrochloride which is used to control high blood sugar in patients with type 2 diabetes.

The global metformin hydrochloride market is expected to grow due to increasing prevalence of type 2 diabetes, rising geriatric population, growing demand for cost-effective oral antidiabetic therapies, and expanding adoption in emerging markets due to lifestyle changes and urbanization.

According to a study, the global metformin hydrochloride market size was worth around USD 301.5 Million in 2024 and is expected to reach USD 467.46 Million by 2034.

The global metformin hydrochloride market is expected to grow at a CAGR of 4.2% during the forecast period.

North America is expected to dominate the metformin hydrochloride market over the forecast period.

Leading players in the global metformin hydrochloride market include Shouguang Fukang Pharmaceutical, CR Double-Crane, Wanbury, Keyuan Pharmaceutical, Aarti Drugs, Farmhispania Group, Harman Finochem, Exemed Pharmaceuticals, Vistin Pharma, Shijiazhuang Polee Pharmaceutical, USV, among others.

The report explores crucial aspects of the metformin hydrochloride market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.

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List of Contents

Industry PerspectiveOverviewKey InsightsGrowth DriversRestraintsOpportunitiesChallengesSegmentation AnalysisReport ScopeRegional AnalysisCompetitive Analysis

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