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Diabetes Treatments Market Expanding Number of Diabetic Patients Globally | Roche Products Limited, Johnson & Johnson Services, Inc., Sanofi-Deutschland GmbH, Novo Nordisk A/S, Ypsomed AG
Global Diabetes Treatments Market - Industry Trends - Forecast to 2026
Global diabetes treatments market is expected to reach USD 59,558.61 Billion by 2026 from USD 43,700.00 Billion in 2017 at a CAGR of 3.5%. The upcoming market report contains data for historic year 2017, base year for this study is 2018 and the forecast period is 2019-2026.
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In April 2018, IDx Technologies Inc. announced that US Food and Drug Administration permitted the marketing of the first Artificial Intelligence system IDx-DR, for the detection of eye disease diabetic retinopathy in adults.
In July 2018, Diabetes Australia announced the funding of AUD 1 million for one year for the development of eye screening program to protect the sights of people suffering from diabetes
Competitive Analysis: Global Diabetes Treatments Market
Global diabetes treatments market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of diabetes treatments market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors:
Roche Products Limited,
Johnson & Johnson Services, Inc.,
Sanofi-Deutschland GmbH,
Novo Nordisk A/S,
Ypsomed AG,
Ascensia Diabetes Care Holdings AG,
Dexcom, Inc.,
ARKRAY USA, Inc.,
Bayer,
Amylin Pharmaceuticals Inc.,
Abbott Laboratories,
Medtronic Inc.,
Teva Pharmaceuticals Pvt Ltd.,
Home Diagnostics Inc.,
Novartis AG,
Eli Lilly and Company,
Merck & Co., Inc,
AstraZeneca,
Boehringer Ingelheim International GmbH.,
Takeda Pharmaceutical Company Limited
Market Segmentation:
By Product
Insulin
Oral Hypoglycemic Drugs
Non-Insulin Injectable Drugs
By Devices
Blood Glucose Meters and Strips
Continuous Glucose Monitors (CGMs)
Flash Glucose Monitoring Device
Injection Pens
Insulin Pumps
Automated Insulin Delivery Systems
By End User
Hospital
Personal Use
Clinic
By Geography
North America
US
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Malaysia
Indonesia
Thailand
Philippines
Rest of Asia-Pacific
Middle East and Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East and Africa
Market Drivers:
Rapidly changing lifestyle is expected to drive the market growth
Expanding number of diabetic patients globally is also expected to drive the market growth
Market Restraints:
Accessibility of alternative treatment is expected to restrain the market growth
Discrepancy in reimbursement is also expected to restrain the market growth
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