Diabetic Ketoacidosis Treatment Market Scenario – The Competition Is Rising | Novo Nordisk A/S, Sanofi., Biocon, Tonghua Dongbao Pharmaceutical Co., Ltd.

Diabetic Ketoacidosis Treatment Market:

The global diabetic Ketoacidosis treatment market is valued at USD 1,256.96 million in 2019, growing at a CAGR of 6.1% during the forecast period of 2017-2029.

Diabetic Ketoacidosis (DKA) is characterized by excessive ketone acid accumulation in the bloodstream due to the insulin shortage in the body. A Severe hyperglycemic emergency in diabetic patients leads to a substantial increase in blood sugar level that disturbs the balance between insulin level and blood glucose level. Diabetic Ketoacidosis (DKA) tends to occur due to poor pancreas production in type 1 diabetes mellitus. Although patients suffering from type 2 diabetes are also at risk.

The global market for diabetic Ketoacidosis treatment is undergoing a massive transition, driven by the introduction of new insulin delivery technologies and fluid and electrolyte replenishment developments. The recent progress in Diabetic Ketoacidosis (DKA) treatment medications in rapidly replenishing the insulin level in the body is expected to increase the adoption rate of Diabetic Ketoacidosis Treatment.
The primary treatment for DKA includes prompt administration of insulin and resuscitation of intravenous fluid upon admission to hospitals. According to InsuLenz, Inc., the average cost of USD 17,000 spent on every hospitalization of DKA patients highlights the need for better treatment options than those that are available now. Therefore, many research laboratories and market players are focusing primarily on the development of effective long-acting insulin. For instance, research scientists from the University of California, San Francisco, have developed insulin-producing cells using stem cells.

North America dominates the diabetes ketoacidosis treatment market globally, where the U.S. holds the highest market share in the North America region. This can be attributed to the growing prevalence of DKA in the patients having type 1 diabetes in the U.S. As per the National Diabetes Statistics, close to 185,000 cases were diagnosed with diabetic Ketoacidosis in 2018. As per the American Diabetes Association, the total cost of diagnosed diabetes reached USD 327 billion in 2017 from USD 245 billion in 2012, out of which roughly 67.3% cost is covered by the government insurance. In cases of DKA medical costs, the U.S. spends more than USD 2.5 billion each year for the treatment and care of diabetic patients suffering from DKA. Higher healthcare expenditure and the strong presence of reimbursement policies covering diabetes and its complications are fueling the market growth.

Furthermore, US FDA has approved three follow-on insulin biologic products such as ‘Basaglar’, Insuline lispro ‘Admelog’ developed by Sanofi Aventis, and Lusduna Insulin glargine developed by Merck, since 2015 these fast-acting insulin products are available in the market. Moreover, increasing research work on a dedicated Diabetic Ketoacidosis Treatment drug is expected to fuel competition in the market for Diabetic Ketoacidosis Treatment.

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The Major Players Covered in this Report: Novo Nordisk A/S, Sanofi., Biocon, Tonghua Dongbao Pharmaceutical Co., Ltd., Bristol-Myers Squibb Company, GlaxoSmithKline Plc., Merck & Co., Inc., Pfizer, Inc., Wockhardt., Eli Lilly and Company, and others.

By Type: Insulin Therapy, Fluid Replacement, Electrolyte Replacement
By End User: Hospitals & Clinics, Ambulatory centers, Specialty Clinics

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Diabetic Ketoacidosis Treatment in the APAC Region
Asia-Pacific region is anticipated to hold the largest market share in the global Diabetic Ketoacidosis Treatment market during the forecast period 2017-2029. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Diabetic Ketoacidosis Treatment and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Diabetic Ketoacidosis Treatment. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

COVID-19 Impact Analysis:
- The COVID-19 pandemic had a significant impact on the on trade segment and Industry.
- Manufacturers are comprehending strategies to revive from the current situation by means of reshaping their sales channels as well as product innovation.
- The duration of the virus outbreak remains a key factor in assessing the overall impact of the pandemic. However, the global Railway Suspension System industry is expected to stabilize after 2019.
- The liquor industry was not impacted severely due to the pandemic.

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Key Diabetic Ketoacidosis Treatment Market Trends:
- The report identifies, determines, and forecasts the Global Diabetic Ketoacidosis Treatment Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Diabetic Ketoacidosis Treatment Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Diabetic Ketoacidosis Treatment Market.

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