Press release
Diabetes Drugs Market: Increasing Prevalence of Diabetes to Stoke Market Growth
Research and Development Pursuits to Introduce Novel Products Stokes Growth
The rising per capita income in several parts of world leading to changing lifestyles and adoption of unhealthy food habits has been one of the key factors behind the high prevalence of obesity, which accounts as a major cause for diabetes. Sedentary lifestyle leading to rise in the prevalence of diabetes has surged the demand for diabetes drugs. The increasing prevalence of diabetes in developing as well as developed countries is driving the diabetes drugs market. Rising disposable incomes leading to high consumption of high calories food combined with inclination for physical inactivity are some other key factors behind the high prevalence of diabetes, thus boosting the growth of diabetes drugs market. Increasing geriatric population globally and increasing adoption of therapeutics for type 1 and type 2 diabetes are anticipated to boost the diabetes drugs market.
View Report Preview at https://globenewswire.com/news-release/2018/01/16/1289694/0/en/Diabetes-Drugs-Market-is-expanding-at-a-CAGR-of-3-6-by-2025-globally-Transparency-Market-Research.html
Research and development for introduction of improved drugs is also acting in favor of the growth of diabetes drugs market. For example, in 2017, Novo Nordisk A/S launched Xultophy in the U.S. as an alternative to diet and exercise to improve glycemic level among patients of type 2 diabetes. According to World Health Organization, currently 422 million people suffer from diabetes globally, which is leading to a surging demand for diabetes drugs.
Among the key types of diabetes, Type 2 diabetes accounts for the leading market share due to its higher prevalence. Growing pace of obesity among urban populace, rising disposable income, and increasing awareness of therapeutics for diabetes are likely to have a positive impact on this segment. Out of the various segments based on distribution channel, hospital pharmacies currently hold the leading market share due to presence of trained staff to dispense medicines. The segment of online pharmacies is also likely to display remarkable growth due to growth of e-commerce and rising number of online shoppers. Geography-wise, North America is anticipated to lead the global market due to high awareness regarding therapeutics for diabetes and a robust public healthcare system.
Request to View Sample of Report - https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=14672
Patent Expiration of Blockbuster Drugs Hampers Growth
On the flip side, patent expiration of blockbuster drugs may restrain the demand for branded drugs during the forecast period. In addition, poor regulatory framework to monitor the dispensing of these drugs is also restraining the market’s growth. Poor rate of awareness regarding diabetes management is also hampering the market’s growth.
Transparency Market Research (TMR), in one of its latest reports states the global diabetes drugs market to be fragmented and intensely competitive due to the presence of several key vendors. With the expansion of product portfolio of existing companies and entry of new players, the competition in the market is likely to intensify in the future. Geographical expansion by means of mergers and acquisitions and strategic alliances continue to remain another key growth strategy for players in the market.
Download PDF Brochure of Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=14672
The report identifies Novartis AG, Boehringer Ingelheim GmbH, Sanofi, Novo Nordisk A/S, Merck & Co., and Bayer AG as leading players in the global diabetes drugs market.
About Us
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
US Office Contact
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Diabetes Drugs Market: Increasing Prevalence of Diabetes to Stoke Market Growth here
News-ID: 1001865 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for Drugs
Generic Drugs Market Application Anti-Infective Drugs, Anti-Arthritis Drugs, Ant …
Generic drugs are the medications that are developed to be similar to a medicine that is already commercially available in the market with a brand name. The generic drug is similar to the medicine available in terms of dosage, safety and strength, mode of administration, quality and intended use. Due to the similarities, generic drugs are capable of treating various diseases. Generic drugs are most cost effective than the branded…
Cytotoxic Drugs Market Growing Demand for Antimetabolite Drugs
According to Precision Business Insights (PBI), the latest report, the cytotoxic drugs market is expected to be valued at USD 15,927.2 million in 2022 and is poised to grow at a significant CAGR of 2.2% over 2022-2028. The primary drivers of the expansion of the global cytotoxic drugs market include the increasing prevalence of cancer diseases, the increasing use and approval of cytotoxic drugs, and the increasing consumption of alcohol…
Global Antithrombotic Drugs Market | Global Antithrombotic Drugs Industry | Glob …
Antithrombotic drugs are special drugs that help to prevent the formation of thrombus or clot. These drugs are used to reduce the formation of blood clots by reducing the capability of body to form a blood clot. Antithrombotic drugs act by preventing the production of vitamin K in the liver. Anticoagulant, antiplatelet, and thrombolytic agents are different types of antithrombotic agents that act by different clotting processes. Arterial & venous…
Global HIV Drugs Market | Global HIV Drugs Industry | Global HIV Drugs Market Re …
Human immunodeficiency Virus (HIV) could be a chronic and severe sickness which might be transferred from one person to a different through blood-to-blood and sexual contact. it's a deadly disease that attacks immune cells called CD-4 cells, creating body vulnerable to infections and alternative diseases. Over the years, the rising prevalence of HIV sickness worldwide has completely influenced the demand for HIV medicine. HIV medicine facilitate in preventing the multiplication…
Hepatitis Drugs Market by Therapeutics, Diagnostics, Patient, Drugs Policy
The global hepatitis drugs market is growing due to increasing incidences of hepatitis and increasing support from government organizations. In addition, the growing geriatric population, and increasing R&D investments on hepatitis research and drug discovery are also driving the growth of the global hepatitis drugs market.
Access Detailed Report Summary: https://www.psmarketresearch.com/market-analysis/hepatitis-drugs-market
Among the various types, the hepatitis C segment is expected to be the largest segment, and expected to witness the fastest…
Epilepsy Drugs Market by Country, Drugs, Company & Forecast
For More Information:
https://renub-research.blogspot.com/2019/04/the-factors-that-are-driving-global.html
Epilepsy is a chronic disease in which patient’s brain activities become abnormal due to seizures. Seizure is an unexpected rush of electrical activity in the brain. Seizure is categorized by two types - generalized seizures and focal or partial seizures. Generalized seizures affect the whole brain whereas focal or partial seizures affect just one part of the brain. Global epilepsy drugs market is expected to cross US$…
