Global Antidiabetic Biosimilars Market is expected to grow in the Near Future

Antidiabetic Biosimilars have become one of the most common solutions to the diabetes problem, providing significant advances in medical science and technology for the better treatment of Diabetes Type I and II patients. However, these innovations don't come without their own set of challenges. Many believe that Diabetes is manageable if the patient follows a proper diet, regular exercise, and engages in some form of physical activity. Unfortunately, the modern-day obese person finds it quite impossible to follow these dietary and exercise guidelines, not to mention the lack of any physical exercise in modern-day environments.

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Increasing prevalence of diabetes is expected to drive growth of the global antidiabetic biosimilars market. According to the World Health Organization (WHO), the global prevalence of diabetes among adults aged 18 years and above increased from 4.7% in 1980 to 8.5% in 2014. According to the same source, in 2016, around 1.6 million deaths were directly caused by diabetes. High prevalence of diabetes is witnessed in both developed and emerging economies. According to the American Diabetes Association (ADA), in 2018, around 34.2 million U.S. citizens or around 10.5% of the population had diabetes. As a result of this, the use of antidiabetic biosimilars is increasing rapidly for the treatment of diabetes. Hence, these factors are expected to drive growth of the global antidiabetic biosimilars market. Furthermore, rising incidences of lifestyle disorders such as obesity are expected to boost the global antidiabetic biosimilars market growth in the near future.

However, a stringent regulatory framework in the developed countries is expected to hamper the global antidiabetic biosimilars market growth in the near future. Among regions, North America is expected to witness significant growth in the global antidiabetic biosimilars market. This is owing to the presence of robust healthcare infrastructure and growing patient awareness in the region. Furthermore, Asia Pacific is expected to register a robust growth rate, owing to growing patient disposable income combined with rising prevalence of type I and type II diabetes.

For instance, in October 2019, Novo Nordisk, a Denmark-based pharmaceutical company, introduced the biosimilar version of its NovoLog and NovoLog Mix insulin products in the U.S.

Key Vendors of Antidiabetic Biosimilars Market: Sanofi-aventis U.S. LLC (U.S.), Eli Lilly & Co. (U.S.), Boehringer Ingelheim GmbH (Germany), Merck Sharp & Dohme Corporation (U.S.), Mylan N.V. (U.S.), Samsung Bioepis (Samsung BioLogics) (South Korea), Biocon (India), Wockhardt (India).

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Table of Content

Global Antidiabetic Biosimilars Market Research Report
Section 1: Global Antidiabetic Biosimilars Industry Overview
Section 2: Global Economic Impact on Antidiabetic Biosimilars Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Antidiabetic Biosimilars Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Antidiabetic Biosimilars Market Forecast

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