‘Diabetic Neuropathy Treatment Market Set To Grow To Over $4.3bn By 2018’ Says Visiongain Report
31 July 2018
Visiongain has launched a new pharma report Diabetic Neuropathy Treatment: World Market 2018-2028: Analysis and Forecasts by Disorder (Peripheral, Autonomic, Proximal, Focal), by Treatment (Drugs, Anti-depressants, Anti-convulsant, Radiotherapy, Physiotherapy, Others), by End-User (Hospitals, Clinics, Pharmacy) and Geography, with Profiles of Leading Companies
Diabetic neuropathy is a chronic disorder characterised by nerve damage caused due to prolonged elevated levels of blood glucose. Diabetic neuropathy may be caused by both type 1 and type 2 diabetes. It affects sensory, motor and autonomic nerves of the body. Treatment of diabetic neuropathy depends upon the type of nerve damage.
The lead analyst of the report commented “Increase in the incidence of diabetes is the major factor increasing the size of the diabetic neuropathy treatment market. Rises in obesity, unhealthy diets, consumption of alcohol & smoking and sedentary lifestyles, along with an ageing population are all factors that in combination are anticipated to increase the diabetic neuropathy market. Furthermore, approvals for drugs associated with diabetic neuropathy control by the FDA is anticipated to further escalate the market growth.
However, side effects of diabetic neuropathy drugs and rising cost of drugs is estimated to hinder the market growth. Ongoing, research and development associated with diabetic neuropathy treatment is anticipated to create new opportunities in the forecast period.
Leading companies featured in the report include Abbott Laboratories, F. Hoffmann-La Roche Ltd., Eli Lilly and Company, Johnson & Johnson, GlaxoSmithKline plc., Lupin Limited, Glenmark Pharmaceuticals Limited, Depomed, Inc., Astellas Pharma Inc., and Pfizer Inc.
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