Diabetic Neuropathy Market Top Countries, Major Revenue Generating Regions, Key Vendors With Forecast To 2028 | Eli Lilly and Company, GlaxoSmithKline, Pfizer, Johnson & Johnson and Janssen Pharmaceuticals

Market Overview:

Diabetic neuropathy, also known as diabetic peripheral neuropathies, is a nerve injury that occurs in patients with diabetes. Neuropathy occurs when the nerves are damaged because of too much glucose in the bloodstream. Different kinds of nerve injury produce various symptoms. Common symptoms can range from mild pain and tingling in the feet to difficulties with the urinary functions of the body, like the bladder and the kidney. The most common symptoms of diabetic neuropathy are nerve pain, weakness, and decreased ability to feel pain. Other complications may include urinary incontinence, bowel changes, and problems with vision. These complications occur when the nerves are damaged because the glucose level in the bloodstream is too high. These nerves are no longer receiving the signals from the body to do what it is supposed to do.

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Competitive Landscape:

Major players operating in the global diabetic neuropathy market include NeuroMetrix, Inc, GlaxoSmithKline, MEDA Pharma GmbH & Co. KG, Cephalon, Inc., ACTAVIS, Eli Lilly and Company, Janssen Pharmaceuticals, Inc., and Pfizer Inc.

Key Market Drivers:

The increasing incidence of diabetic neuropathy in the world is the main factor that is aiding the growth of the global diabetic neuropathy market. For instance, according to Hindawi, in its esteemed that by 2030 around 360 million individuals will suffer from diabetes mellitus. The two main things affecting limbs, mainly legs and feet are diabetic polyneuropathy (DPN) affecting around 30% to 50% of diabetics and diabetic foot and leg ulcers. Diabetic neuropathy is the main risk factor that leads to diabetic foot ulcers and is involved in 50% to 75% of nontraumatic organ amputations. Moreover, the increasing product and treatment launches by key market players are expected to enhance the growth of the global diabetic neuropathy market.

Covid-19 Impact Analysis:

The coronavirus pandemic has not only affected the world economy financially but also affected negatively health-wise. People who have been affected by the coronavirus and have recovered from it, have experienced several other health issues such as diabetes. For instance, according to the National Institutes of Health, along with serious health concerns such as blood clots and pneumonia caused by the SARS-CoV-2 virus, some studies have also recognized that some patients develop diabetes after acutely getting affected by the COVID-19 infection. This resulted in the positive growth of the global diabetic neuropathy market.

Key Takeaways:

The global diabetic neuropathy market in 2018 was estimated at US$ 3.61 billion and is expected to reach around US$ 7.12 billion by 2026, demonstrating a CAGR of around 8.9% during the market forecast period, owing to the increasing incidence of diabetes in the world. For instance, according to World Health Organization, around 422 million individuals in the world suffer from acute diabetes. The majority of these cases come from low-income nations and middle-income nations.

North America is expected to hold a major share of the global diabetic neuropathy market, owing to the increasing cases of diabetic neuropathy in the region. For instance, according to Medscape, around 47% of patients, who already have diabetes suffer from peripheral neuropathy too. Neuropathy is projected to be present in around 7.5% of patients during diabetes diagnosis. The majority of these cases are distal symmetric polyneuropathy.
The Asia Pacific is expected to witness high growth in the global diabetic neuropathy market, owing to the increasing prevalence of diabetic neuropathy in the region. For instance, according to the National Institute of Health, peripheral neuropathy (PN) is one of the most common disorders and around 5 to 2400 per 10,000 individuals get to suffer from this health issue.

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Some of the Major Highlights of TOC covers:

Regional Market Analysis -

Global Production by Regions
Global Revenue by Regions
Consumption by Regions

Segment Market Analysis (by Type) -

Global Production by Type
Global Revenue by Type
Price by Type

Segment Market Analysis (by Application) -

Global Consumption by Application
Global Consumption Market Share by Application

Major Manufacturers Analysis -

Production Sites and Area Served
Product Introduction, Application, and Specification
Production, Revenue, Ex-factory Price and Gross Margin
Main Business and Markets Served

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