Press release
Diabetes Drugs Market to overtake $5.2 billionand CAGR at 5.0% by Top Players Forecast by 2026
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https://www.fortunebusinessinsights.com/industry-reports/diabetes-drugs-market-100570
Some of the Main Key Players Covered in the Report
• Johnson & Johnson
• Bayer Pharmaceuticals
• Novo Nordisk
• Sanofi
• Merck
• Eli Lilly and Company
• AstraZeneca
• Takeda Pharmaceutical Company Limited
• Boehringer Ingelheim
• Novartis
The report comprehensively analyses the major factors that will influence the growth of the market. Diabetes is a chronic disease in which a person’s blood sugar or blood glucose gets too high. This glucose gets absorbed in the body through a hormone called insulin which is made in the pancreas. Insulin helps glucose enter the body’s cells, which, in turn, give the body energy to function.
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Key Segmentation:
By Drug Class
• Insulin
• DPP-4 Inhibitors
• GLP-1 Receptor Agonists
• SGLT2 Inhibitors
By Diabetes Type
• Type 1
• Type 2
By Route of Administration
• Oral
• Subcutaneous
• Intravenous
By Distribution Channel
• Online pharmacies
• Hospital Pharmacies
• Retail Pharmacies
By Geography
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa
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Rising Demand for Insulin Treatments to Surge the Market
Insulin provides the one of the most efficient treatment methods for diabetes. As a result, there is a growing demand for low-cost insulin treatments, especially to combat Type 2 diabetes. The rapidly rising insulin segment is, therefore, expected to boost the global diabetes drugs market during the forecast period. This has also encouraged private and public investments in research and development, which, in turn, will accelerate market growth. For example, recently, a rapid-acting, low-cost insulin called Lispro was launched in its generic form by Eli Lilly and Company in the US.
Market Competition Set to Intensify
Key players are increasing their investments in research and development activities and launching new products to maintain their competitive edge. For example, in July 2019, the National Institute for Health and Care Excellence cleared Forxiga for treating Type 1 diabetes in England and Wales. The drug has been developed jointly by Bristol-Myers Squibb and AstraZeneca. The global diabetes drug market is expected to grow as a result.
Fortune Business Insights identifies some key players in the market which include Johnson and Johnson Services, Eli Lilly and Company, AstraZeneca, Novartis AG, Novo Nordisk A/S, Boehringer Ingelheim International GmbH, Sanofi, and a few others.
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Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
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