Diabetes Drug Market Regional Outlook, Trends till 2025 by Covering Leading Companies: Merck & Co., Novartis AG., Eli Lily and Company, Johnson & Johnson, AstraZeneca, Pfizer

Diabetes Drug Market Size is anticipated to gain traction owing to the factors such as, rising number of patients suffering from diabetes, rising manufacturers efforts that focus on the developing new combination drugs, and rising number of clinical trials that focus on the developing new drugs.

North America is expected to dominate the diabetes drug market over forecast period. According to CDC, approximately 9.4% of total population in North America was suffering from diabetes in 2015 and is expected to grow at a faster rate in the coming years. Accordingly, rising prevalence of diabetes is the major factor driving the market.

For more Professional and Technical Insights Request Sample @
https://www.polarismarketresearch.com/industry-analysis/global-diabetes-drug-market/request-for-free-sample

Diabetes refers to a group of metabolic diseases that affects the person’s blood glucose level. Diabetes is characterised by high glucose blood level over prolonged time in an individual. There are two basic types of diabetes: Type I and Type II. Type I diabetes is caused by pancreatic inability to produce insulin and Type II occurs when the patient’s pancreas does not produce enough insulin for maintaining blood glucose level. Type II diabetes is the most common type of diabetes which accounts approximately 90% cases worldwide.

The current drug market considers opportunities and potential risks associated with bringing new products in the market. Hence, the prominent players of these market are primarily focusing on carefully developing new combination drugs that can act as effective treatment for diabetes. Recently, Eli lilly got approval by FDA for the combination drug known as Glyxambi. In addition, AstraZeneca filed approval for a similar combination (saxagliptin + dapagliflozin) but received a complete response letter in late 2015.

Diabetes Drug Market Taxonomy:-

The market is segmented on the basis of therapy, and geography.

On the basis of therapy type, the market is segmented as:
• Glycogen-like peptide-1 (GLP-1)
• Dipeptidyl-peptidase-4 (DPP-4)
• Sodium glucose co-transporter 2 inhibitor (SGCL2)
• Insulin
• Sulfonylureas
• Glitazones

Geographically, the market size is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Technological advancement & innovation of combination diabetes drug and favourable reimbursement policies to lead the global market share in North America.

Make an Enquiry for 'Queries' related to this research report @
https://www.polarismarketresearch.com/industry-analysis/global-diabetes-drug-market/inquire-before-buying

Key players in the Diabetes Drug Market are:-

• Novo Nordisk A/S
• Merck &Co.
• Novartis AG.
• Eli Lily and Company
• Johnson & Johnson
• Boehringer Ingelheim GmbH
• Sanofi
• AstraZeneca
• Pfizer
• Roche Holding AG

Rise in private and public funding for diabetes drugs development globally boosts the Diabetes Drug Market. The market size is primarily driven by factors such as rising prevalence of diabetes globally. According to International Diabetes Federation (IDF), 415 million people worldwide are suffering from diabetes and this number of diabetes cases is supposed to reach 650 million by 2040.

In the U.S. 29 million of population is suffering from diabetes that accounts 8% of the total population which is mainly attributed by the changing lifestyle, increased number of active smokers, and preference for sedentary lifestyle. On the other hand, favourable government scenarios for launching of new diabetes drugs, and continuous rise in the geriatric population globally will also stimulate the market size during the forecast period.

Partial TOC of Diabetes Drug Market: -

1. Industry snapshot
2. Ecosystem analysis
3. Market Dynamics
4. Industry analysis - Porter's five force
5. Degree of competition
6. Market PEST Analysis
7. Market Value Chain Analysis
8. Industry Trends
9. Competitive Ranking Analysis

About Us:
Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

Contact Us:
Mr. Neel
Corporate Sales, USA
Polaris Market Research and Consulting
Phone: 1-646-568-9980
Email: sales@polarismarketresearch.com
Web: www.polarismarketresearch.com

This release was published on openPR.