Diabetes is Bleeding People Dry Worlwide - Insight 2018-2023

The Americas dominate the type 2 diabetes mellitus treatment market owing to the presence of patient population, a well-developed technology, high healthcare expenditure, and the presence of the leading players. Due to the rising prevalence of diabetes, various companies, and government associations are actively participating in improving diabetes care. For instance, The Merck Foundation provided funding of around USD 10,000,000 for the projects designed to improve diabetes care in the United States.

Europe holds the second position in the type 2 diabetes mellitus treatment market. It is expected that the government support towards research & development expenditure and amendments in reimbursement policies in the healthcare is likely to drive the European market. As per the guidelines suggested by German maternity, every pregnant woman can undergo glucose challenge test for the early diagnosis of Gestational diabetes mellitus, and the charges for the test are completely covered by women’s health insurance.

Asia Pacific is the fastest growing type 2 diabetes mellitus treatment market owing to a huge patient pool, increasing demand, and development in healthcare technology.

The Middle East & Africa holds the lowest share of the global market due to low development, lack of technical knowledge, and poor medical facilities.

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The Sample Report is Segmented into Treatment and End-User

On the basis of the treatment, the market is classified as a drug class and devices. The drug class is further segmented into insulin, sensitizers, SGLT-2 inhibitors, alpha-glucosidase inhibitors, secretagogues, peptide analogs, others. The sub-segment of sensitizers includes thiazolidinediones and biguanides. The sub-segment of secretagogues includes sulfonylureas and non-sulfonylureas. The devices market is further segmented into blood glucose monitoring devices and insulin delivery devices. The sub-segment of blood glucose monitoring devices includes testing strips, lancets, continuous glucose monitors, self-monitoring blood glucose meters, and others. The sub-segment of insulin delivery devices includes insulin pens, insulin pumps, insulin syringes, and insulin jet injectors. On the basis of the end user, the market is segmented into hospitals, clinics, diagnostic centers, drug stores, pharmacies, and others.

Top Drug Manufacture In the Market are

• Abbott Laboratories
• Acon Laboratories, Inc.
• Adocia, Akros Pharma
• Amgen
• AstraZeneca
• Bayer AG
• Becton
• Dickinson and Company
• Biocon
• Boehringer Ingelheim
• Daiichi Sankyo
• Eli Lilly, Novartis & Co.
• Novo Nordisk
• Peptron
• Pfizer
• Roche Diagnostics Ltd.
• Sanofi
• Sunpharma
• Takeda Pharmaceuticals, and others.

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Recent Industry News from the Fastest Diabetic Growing Country:

The mounting prevalence of diabetes with complications like obesity, blood pressure and cholesterol among Indians is leading to spiralling cost of treatment and a massive burden on out-of pocket expenditure.

The total healthcare expenditure on diabetes in India was estimated at $31 billion in 2017 with 86% of rural and 82% of urban populations in India having to bear the costs of disease management through out-of pocket expenses, a new study published in Lancet shows.
According to the study, the expenditure of anaverage Indian patient with type 2 diabetes was estimated to be $95 per year. The costs of care include direct, indirect, and intangible costs.

Though use of low cost drugs and insulin have helped keep the expenditure on diabetes management under check, the enormous cost is driven by increasing prevalence of diabetes, mainly with complications. Researchers also observed that gradually use of (and thus expenditure on) newer oral drugs and insulins are increasing in India.

Diabetes prevalence has increased by 64% across India over the quarter-century. According to International Diabetes Federation, India’s diabetes population totalled 74 million in 2017 and it is estimated to reach 134.3 million people by 2045. “When complications occur, these costs increase exponentially, particularly when insulin is initiated or admission to hospital or surgery are required...” says Dr Anoop Misra, chairman, Fortis C-Doc. He is one of the authors of the study. Other researchers include Nikhil Tandon from AIIMS and Andrew P Hills from University of Tasmania. The study linked higher spend on the disease management with higher income. In India, infections contribute to 41% of deaths among patients with diabetes.

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