Global Antidiabetics Market Detail Analysis focusing on Key Players Boehringer Ingelheim, Eli Lilly, Merck, Novo Nordisk, and Sanofi

MarketStudyReport.com Adds New Antidiabetics Market 2018 – 2024 research report providing information and data By Product, By Patient Population, By Route Of Administration, Industry Analysis, Regional Outlook, Application Potential, Trends, Competitive Market Share & Forecast spreading across 170 Pages with table and figures in it.

Germany antidiabetics industry accounted for largest revenue size of USD 4,461.7 million of Europe antidiabetics industry in 2017. According to WHO, in 2016, it was estimated that 22.7% people in Germany are suffering from obesity which is the major risk factor associated with diabetes. Mortality rate due to diabetes is also increasing at fast pace. Moreover, availability of medicines, technologies and facilities for the disease treatment will stimulate German antidiabetics market growth.

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Insulin product segment is estimated to witness 12.3% CAGR during the forecast period. High revenue share is attributable to widening use of insulin therapy for the treatment of type 2 diabetes. Besides, insulin is available in several forms depending upon its rate of action. In addition, insulin therapy decreases microvascular complications that should boost adoption rate of insulin in the upcoming years. Antidiabetics Market will reach over USD 110 billion by 2024; as per a new research report.

Geriatric patient population segment accounted for nearly 42.2% market share in 2017 and is estimated to follow similar trend during the forecast timeline. T2DM is an emerging problem in elderly population. As per American Diabetes Association, about 25% of Americans aged above 60 years of age suffer from diabetes. The risk in treating diabetes through changes in dietary habits is further elevated due to impaired physical functioning. Such factors coupled with rising awareness to educate older population about reducing risk of diabetes will act as high impacting factor for geriatric segment growth.

Oral route of administration segment accounted for 72.6% market share in 2017 and will grow at a significant pace during the forecast timeframe due to effectivity and efficacy of treatment coupled with convenience. A study conducted by International Journal of Pharmaceutical Research indicated that oral antidiabetics are most frequently prescribed hypoglycemics. Above factors will highly contribute to segmental growth in projected period.

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Growing incidence coupled with increasing risk of diabetes will augment antidiabetics market growth over the coming years. Excess weight significantly escalates risk of type 2 diabetes mellitus (T2DM). Also, the risk of developing diabetes by 25 years of age increases four times in obese children. Thus, rising incidence of diabetes will result into substantial rise in demand for antidiabetics, thereby impelling antidiabetics business growth.
Some of the major market players involved in global antidiabetics market are Boehringer Ingelheim, Eli Lilly, Merck, Novo Nordisk, and Sanofi. Companies are focusing on partnerships and novel product launch to expand their market presence and enhance customer portfolio.
With accelerating growth in number of diabetes
cases, prominent players are concentrating their efforts on developing newer and improved antidiabetic drugs. Many leading players including Sanofi, Novo Nordisk and Eli Lilly have a broad pipeline portfolio of antidiabetic drugs that aim to diversify the set of therapeutic alternatives for diabetes patients. Thus, growing R&D activities should positively impact antidiabetics industry growth in forthcoming timeframe.

Table of Content:

Chapter 1. Methodology

Chapter 2. Executive Summary

Chapter 3. Antidiabetics Industry Insights

Chapter 4. Antidiabetics Market, By Product

Chapter 5. Antidiabetics Market, By Patient Population

Chapter 6. Antidiabetics Market, By Route of Administration

Chapter 7. Antidiabetics Market, By Region

Chapter 8. Company Profiles

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Related report:

Global Antidiabetics Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023

This report focuses on the Antidiabetics in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.

https://www.marketstudyreport.com/reports/global-antidiabetics-market-2018-by-manufacturers-regions-type-and-application-forecast-to-2023/?utm_source=OPR-AN

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