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Diabetes Therapeutics Market Analysis By Product [Injectables (Insulin, Glucagon-Like Peptide-1 (GLP-1) Receptor Agonists, And Amylinomimetic Drugs) And Oral-Antidiabetic Drugs To 2023 Key Players AstraZeneca plc, Boehringer Ingelheim GmbH, Eli Lilly and
The global diabetes therapeutics market was valued at $66, 993 million in 2016, and is estimated to reach $186, 842 million by 2023, growing at a CAGR of 16.0% from 2017 to 2023. Diabetes therapeutics are drugs used by diabetic patients to restore the blood glucose metabolism to a normal state.The factors that drive the global diabetes therapeutics market include rise in geriatric population, increase in prevalence of diabetes worldwide, sedentary lifestyle of people, development of affordable & effective diabetes therapeutics, growth in awareness among people about self-management of diabetes, and support from the government However, side effects of diabetic drugs and stringent approval process for the same restrict the market growth. Moreover, surge in awareness about diabetes care and market potential in developing regions are expected to provide numerous opportunities for market growth.
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The global diabetes therapeutics market is segmented on the basis of product and region. Based on product, it is bifurcated into injectable and oral-antidiabetic drugs (OAD). Injectable are further categorized into insulin, glucagon-like peptide-1 (GLP-1) receptor agonists, and amylinomimetic drug. Oral-antidiabetic drugs (OAD) segment is further divided into biguanides, sulfonylureas, thiazolidinediones, alpha-glucosidase inhibitors, dipeptidyl peptidase IV (DPP-4) inhibitors, meglitinides, and sodium-glucose cotransporter-2 (SGLT2) inhibitors. Based on region, it is analyzed across North America (U.S., Canada, and Mexico), Europe (Germany, France, Italy, UK, Spain, and rest of Europe), Asia-Pacific (China, Japan, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
KEY BENEFITS FOR STAKEHOLDERS
• The study provides an in-depth analysis of the market with current trends and future estimations from 2016 to 2023 to elucidate the imminent investment pockets.
• Comprehensive analysis of factors that drive and restrict the growth of the market is provided.
• Identification of factors instrumental in changing the market scenario, rise in opportunities, and identification of key companies that can influence this market on a global and regional scale are provided.
• Key market players are profiled and their strategies are analyzed thoroughly, which help understand the competitive outlook of the global market.
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KEY MARKET SEGMENTS
BY PRODUCT
• Injectables
o Insulin
o Glucagon-like Peptide-1 (GLP-1) Receptor Agonists/Incretin Mimetics
o Amylin Analogue/Amylinomimetic Drugs
• Oral-antidiabetic Drugs (OAD)
o Biguanides
o Sulfonylureas
o Thiazolidinediones
o Alpha-glucosidase Inhibitors
o Dipeptidyl Peptidase IV (DPP-4) Inhibitors/Gliptins
o Meglitinides
o Sodium-glucose Cotransporter-2 (SGLT2) Inhibitors/Gliflozins
BY REGION
• North America
• Europe
• Asia-Pacific
• LAMEA
LIST OF KEY PLAYERS PROFILED IN THE REPORT
AstraZeneca plc, Boehringer Ingelheim GmbH, Eli Lilly and Company, GlaxoSmithKline plc, Johnson & Johnson, Merck & Co., Inc., Novartis AG, Novo Nordisk, Sanofi S.A., Takeda Pharmaceutical Company Limited, Astellas Pharma Inc., Biocon Limited, Diasome Pharmaceuticals, Inc., Generex Biotechnology Corp., MannKind Corporation, Pfizer Inc.
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