Press release
Diabetes Devices and Drugs Market 2018 focuses on Top most Major Popular Vendors - Novo Nordisk A/S, AstraZeneca plc, Sanofi, Merck Inc., Takeda Pharmaceutical Company Limited
Diabetes Devices and Drugs Market
Competitive Insights
The leading players in the market are Novo Nordisk A/S, AstraZeneca plc, Sanofi, Merck Inc., Takeda Pharmaceutical Company Limited and others.
Many Key players are depending on methods, for example, agreements & joint ventures, collaborations, and advancements to build the visibility of their products and fortify their product portfolios.
The Diabetes Devices and Drugs Market was worth USD 32.82 billion in 2014 and is expected to reach approximately USD 58.97 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 6.74% during the forecast period.
Industry Trend Analysis
Diabetes mellitus, frequently eluded as diabetes, is an unending condition that outcomes when there are high levels of glucose in the blood. High blood glucose levels happen when our body cannot deliver any or enough of the hormone insulin or utilize it viably. Insulin is created in the pancreas and is a basic hormone for transporting glucose from our circulation system into the body cells where it gets changed over into vitality. The absence of insulin or the powerlessness of the cells to react to insulin prompts large amounts of blood glucose, or hyperglycaemia, which causes diabetes. If diabetes is undiscovered and treatment for it is not taken accurately, it prompts harm of other body organs and improvement of dangerous wellbeing inconveniences, for example, neuropathy, cardiovascular infection, nephropathy and eye ailment, prompting retinopathy and visual impairment.
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Market Segmentation- Diabetes Devices and Drugs Market
By Devices:
Diabetes Monitoring and diagnostic devices
Analog glucose meter
Glucose Test strips
Lancets and Lancing devices
Continuous glucose monitoring devices
Others
Insulin Delivery Devices
Insulin Syringes
Insulin Pens
Insulin Pumps
Insulin Injectors
By Therapy:
Insulin
Short-acting insulin derivatives
Intermediate-acting insulin derivatives
Long-acting insulin derivatives
Rapid-acting insulin derivatives
Premixed insulin derivatives
Oral anti-diabetes drugs class
Sulphonylureas
Biguanides
Meglitinides
Thiazolidinediones
Alpha-glucosidase inhibitors
DPP-4 inhibitors
SGLT-2 inhibitors
Non-insulin injectable anti-diabetes drugs
GLP-1 analogs
Diabetes Devices And Drugs Market -By Region:
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
North America (U.S, Canada, Mexico)
Europe (Germany, France, UK, Italy, Spain, Rest of Europe)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
Rest of the World (Brazil, South Africa, Saudi Arabia, Turkey, United Arab Emirates, Others)
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Regional Outlook - Diabetes Devices and Drugs Market
North America held the biggest share of the market in 2016. This is credited to developing economy and propelled medicinal services framework combined with familiarity with populace in regards to the treatment of diabetes and related illnesses. In North America and Europe the glucose monitoring device portion of diabetes device and drugs market contributes the greatest offer. Asia Pacific may demonstrate a promising business sector for the diabetes device business as a result of expanding populace and expanding social insurance offices and developing economy. Also the Asia pacific, South America districts are concentrating on expanding diabetes facilities which will drive the market amid conjecture period.
Data Mining
Data is extensively collected through various secondary sources such as annual reports, investor presentations, SEC filings, and other corporate publications. We also refer trade magazines, technical journals, paid databases such as Factiva and Bloomberg, industry trade journals, scientific journals, and social media data to understand market dynamics and industry trends. Further, we also conduct primary research to understand market drivers, restraints, opportunities, challenges, and competitive scenario to build our analysis.
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