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diabetic neuropathy market By Product Type, Influential Trends, Market Potential, Segmentation and the Challenges, and Forecast To 2025

02-23-2019 07:30 AM CET | Health & Medicine

Press release from: Ample Market Research & Consulting Private Limited

diabetic neuropathy market By Product Type, Influential

Global diabetic neuropathy market to reach USD 5.8 billion by 2025.

Global diabetic neuropathy market is valued approximately USD 3.8 billion in 2017 and is anticipated to grow with a healthy growth rate of more than 5.4 % over the forecast period 2018-2025. Key trends in the market is advent of new therapeutics for treatment of neuropathy and favorable reimbursement scenario which is expected to foster the growth of the diabetic neuropathy market. For instance: In 2016 as per the University of Cambridge, researchers have led to the development of a new approach to treatment of neuropathic pain. Further, the project focuses on a novel way of indirectly modulating the effect of the TRPV1, a significant initiator of the sensation of pain. Additionally, the team worked to show the effectiveness of using certain peptides to interface with the function of TRPV1 with an aim to eliminate neuropathic pain. As a result, healthcare institutions would be capable to deliver new therapeutics for treatment of neuropathy.

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Key driving factors for the diabetic neuropathy market are rising prevalence of diabetes coupled with the changing lifestyles that results in to unhealthy dietary habits and patterns. According the Health Metrics - American Heart Association, in 2010 the prevalence of diabetes for adults was recorded to be 6.4% globally. This is expected to increase and reach up to 7.7% by the end of 2030, across the globe. Similarly, as per the MRC United Kingdom 2015, the estimated diabetes prevalence for adults between age group of 20-79 worldwide was around 387 million in 2014 which is estimated to reach around 592 million people by 2023. As a result, people suffering from diabetes are prone to nerve damages which are expected to boost the growth of the diabetic neuropathy market during 2018-2025. Furthermore, rise in demand for better neuropathy drugs offer lucrative growth prospects for the diabetic neuropathy market across the globe. However, high cost associated with diabetic neuropathy along with the side effects of the drugs are expected to hinder the growth of the market during the forecast period.

Global diabetic neuropathy market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including

• Pfizer Inc.
• Janssen Pharmaceuticals, Inc.
• Eli Lilly and Company
• Cephalon, Inc.
• ACTAVIS
• GlaxoSmithKline
• MEDA Pharma GmbH & Co. KG
• NeuroMetrix, Inc
• Abbott Laboratories
• Lupin Limited

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Ample Market Research has segmented the Global diabetic neuropathy market report on the basis of disorder type, treatment and distribution channel and region:

By Disorder Type:
• Autonomic Neuropathy
• Peripheral Neuropathy
• Proximal Neuropathy
• Focal Neuropathy

By Treatment:
• Drugs
• Physiotherapy
• Radiotherapy
• Others

By Distribution Channel:
• Clinics
• Hospitals
• Pharmacy

By Regions:
• North America
• Europe
• Asia Pacific
• LAMEA
• ROW

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In this study, the years considered to estimate the market size of Global diabetic neuropathy market are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

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Our mission is to capture every aspect of the market and offer businesses a document that makes solid grounds for crucial decision making.

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