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According to the new market research report by Transparency Market Research, the global diabetes drug market has a highly fragmented landscape. The fragmentation of the global market is due to the number of notable players operating in the marketspace. Because of the low entry barriers to enter the market, the number of companies operating in diabetes drug market is high. However, this high number of companies also means there is an increased competition in the global diabetes drug market.

The TMR report expects the competition in the global market will only intensify in the coming years of the forecast period of 2017 to 2025. The report expects entry of more number of players in the market that will further fuel the competition and fragmentation of the global market. This competition in the global market will lead these companies to focus more on developing new and innovative products that will cater to the growing demand from the end users. Some of the leading companies operating in the global diabetes drug market include names such as Merck & Co., Sanofi, Novartis AG, Bayer AG, Novo Nordisk AS, and Boehringer Ingelheim GmbH among others.

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As per the research report, the global diabetes drug market is projected to exhibit a CAGR of 3.6% for the given period of forecast of 2017 to 2025. This growth rate will help the global market to achieve a valuation of US$58.4 bn by the fall of 2025. The initial valuation of the global diabetes drug market was US$43.1 Bn recorded in 2016.

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Type 2 Diabetes to Remain Key Contributor Segment for Market Growth

Among the multiple types of diabetes, the segment of Type 2 diabetes is currently grossing largest revenue for the global diabetes drug market. This environment has risen because of the growing prevalence of this particular type of diabetes.

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Increasing obesity in urban areas of the globe and increasing trend of consuming unhealthy and junk food are some of the key reasons behind the recent prevalence of type 2 diabetes. On the other hand, the regional segment of North America is expected to act as the biggest contributor for the development of the global diabetes drug market in the near future. Unhealthy food habits, sedentary lifestyle, and increasing developments in the healthcare sector are all expected to help the North America region to attain the top spot among the other regional segments.

Growing R&D Activities to Push Market Development

A key factor that is helping to drive the growth of the global diabetes drug market is the recent emergence of highly effective products that cater to the different needs of the consumers. These effective products are a result of highly intense research and development activities. The leading players in the market are putting in heavy investments to fuel such research and development activities. This too is expected to help push the development of the global diabetes drug market.

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Market Segmentation is as follows:

Therapy Type

Glucagon-like peptide-1 (GLP-1) agonist
Dipeptidyl-peptidase-4 (DPP-4) inhibitors
Sodium glucose co-transporter 2 (SGLT2) inhibitors
Insulin
Others
Disease Type

Type 1 Diabetes
Type 2 Diabetes
Gestational Diabetes
Impaired Glucose Tolerance and Impaired Fasting Glycaemia
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Region

North America
Canada
U.S.
Europe
UK
Germany
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
Australia and New Zealand
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC countries
South Africa
Rest of Middle East & Africa
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This release was published on openPR.