Global Diabetes Drugs Market Set To Grow To $66bn By 2021
14 August 2018
Visiongain’ has launched a new pharma report Global Diabetes Drugs Market 2017-2027: Insulin and Insulin Analogues, DPP-4 Inhibitors, Biguanides, GLP-1 Agonists, Alpha-glucosidases, SGLT-2 Inhibitors, Sulfonylureas and Others
The IDF (International Diabetes Federation) predicts that by 2035, the global number of diabetics will reach over 582 million. While the market associated with type 1 diabetes will grow in line with population rate, the type 2 diabetes market will expand much more rapidly due to the aging of the general population, poor dietary habits and sedentary lifestyles, the latter two of which can be attributed to a growing urbanised and westernised population.
As with most disease medications, the diabetes drug industry is prone to generic competition. Despite this, the market still attracts new interest from drug firms, giving rise to an influx of new diabetes therapies. Continued research in this area will either lead to the development of a drug that is a slight modification on a current existing class of diabetes drug, or will uncover a new molecular target entirely. Most of the drugs currently in development are modifications and improvements to existing therapies, such as longer-acting insulins and new DPP-4 inhibitors.
The lead analyst of the report commented “Owing to the growing incidence of diabetes worldwide, especially in the Middle East, the Western Pacific region and Asia, there continues to be a tremendous need for newer anti-diabetic treatments with improved efficacy and safety, which translates to significant opportunities for drug manufacturers operating in this potentially lucrative market.
Moreover, as obesity is closely related to type 2 diabetes, medications that target long-term weight reduction and those that treat co-morbid conditions, are in demand. Consequently, many researchers are currently focused on developing diabetes therapies that can tackle multiple complications that follow the disease, particularly obesity and heart-related illnesses.”
Leading companies featured in the report include Novo Nordisk, Sanofi, Merck (MSD), Eli Lilly
Boehringer Ingelheim, Novartis, AstraZeneca, Takeda and other leading companies currently marketing or developing diabetes drugs.
Notes for Editors
If you are interested in a more detailed overview of this report, please send an e-mail to firstname.lastname@example.org or call her on +44 (0) 207 336 6100
Visiongain is one of the fastest-growing and most innovative independent media companies in Europe. Based in London, UK, visiongain produces a host of business-to-business reports cusing on the automotive, aviation, chemicals, cyber, defence, energy, food & drink, materials, packaging, pharmaceutical and utilities sectors.
Visiongain publishes reports produced by analysts who are qualified experts in their field. Visiongain has firmly established itself as the first port of call for the business professional who needs independent, high-quality, original material to rely and depend on.
Visiongain Publishes Allergy Immunotherapy Market Report 2023-2033
The global Allergy Immunotherapy market is projected to grow at a CAGR of 7.6% by 2033
31 May 2023
Visiongain Publishes AI-based Clinical Trial Solution Providers Market Report 2023-2033
The global AI-based Clinical Trial Solution Providers market was valued at US$1,232.0 million in 2022 and is projected to grow at a CAGR of 23.3% during the forecast period 2023-2033.
26 May 2023
Visiongain Publishes Vaccine Contract Manufacturing Market Report 2023-2033
The global Vaccine Contract Manufacturing Market is projected to grow at a CAGR of 13.2% by 2033
24 May 2023
Visiongain Publishes Cell & Gene Therapy Cold Chain Logistics Market Report 2023-2033
The global Cell & Gene Therapy Cold Chain Logistics market is projected to grow at a CAGR of 15% by 2033