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Diabetes Therapies Market Analysis, Trends, Key Players, Opportunities And Strategies – Global Forecast Research Report 2023
The global diabetes therapies market reached a value of nearly $50.7 billion in 2018, having grown at a compound annual growth rate (CAGR) of more than 5% since 2014. Growth in the diabetes therapies market in the historic period resulted from emerging markets growth and ageing population. Factors that negatively affected growth in the historic period were lack of awareness and high investment costs.
The Key drivers of the diabetes therapies market include:
Ageing Population – The increased size of the geriatric population globally contributed to the growth of the diabetes therapies market during the historic period. The incidence of diabetes, particularly type 2 diabetes, rises with increasing age.
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Diabetes Therapies Market Segmentation:
The Diabetes Therapies market is segmented by type and by geography
By Type- The diabetes therapies market can be segmented by type into
1) Injectables
2) Oral
Retirement communities had the highest growth rate of nearly 5.3% during the historic period. Major factors for this growth include increasing access to injectables in developing and some underdeveloped countries.
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By Geography - The diabetes therapies market is segmented into
1. North America
2. Western Europe
3. Asia Pacific
4. Eastern Europe
5. South America
6. Middle East
7. Africa
Some of the major key players involved in the diabetes therapies market are
1. Novo Nordisk A/S
2. Eli Lilly and Company
3. Sanofi S.A.
4. Merck & Company, Inc.
5. C.H. Boehringer Sohn AG & Ko. KG
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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.
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