Press release
Diabetes Therapeutics Market 2023: Top Factors Responsible for the Expeditious Growth of Size, Share in the Coming Years 2030 with CAGR
Diabetes Therapeutics Market
Drivers, restraints, and opportunities-
Surge in the prevalence of diabetes, rise in sedentary lifestyle, and increase in incidences of other chronic diseases such as hypertension drive the growth of the global diabetes therapeutics market. At the same time, surge in awareness among population about self-management of diabetes has supplemented the market growth yet more. Furthermore, development of affordable and effective diabetes therapeutics such as oral hypoglycemic agents and several government initiatives to provide diabetes care facilities are expected to create lucrative opportunities in the industry.
Covid-19 scenario-
The majority of the hospitals across the world were converted into Covid-19 centers, owing to which the diabetic patients faced delays in treatments, thus impacting the global diabetes therapeutics market negatively, especially during the initial period.
Rapid vaccination drive across the world has assuaged the global situation, since it has started getting back to normalcy. With this drift on board, the market for diabetes therapeutics is also expected to recoup soon.
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Top Companies of Diabetes Therapeutics: -
Boehringer Ingelheim GmbH
Glaxosmithkline Plc.
Merck & Co., Inc.
Astrazeneca Plc.
Novo Nordisk
Sanofi S.A.
Takeda Pharmaceutical Company Limited.
Eli Lilly and Company
Novartis Ag
Johnson & Johnson
Diabetes Therapeutics Market Segmentation: -
Based on product, the injectables segment held nearly three-fourths of the global diabetes therapeutics market revenue in 2020, and is expected to lead the trail by 2030. The same segment would also manifest the fastest CAGR of 10.6% from 2021 to 2030, owing to rise in the prevalence of diabetes among individuals across the world.
Based on region, Asia-Pacific, followed by North America, held the major share in 2020, generating more than one-third of the global diabetes therapeutics market. Rise in the prevalence of diabetes, sedentary lifestyle, and well-established healthcare infrastructure in the province propel the market growth. The Asia-Pacific region, however, would grow at the fastest CAGR of 11.2% by 2030, due to increase in number of geriatric population and surge in the incidence of diabetes among them.
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Our Market Research Solution Provides You Answer to Below Mentioned Question:
Which are the driving factors responsible for the growth of market?
Which are the roadblock factors of this market?
What are the new opportunities, by which market will grow in coming years?
What are the trends of this market?
Which are main factors responsible for new product launch?
How big is the global & regional market in terms of revenue, sales and production?
How far will the market grow in forecast period in terms of revenue, sales and production?
Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
How will each segment grow over the forecast period and how much revenue will these segments account for in 2028?
Which region has more opportunities?
By Region Outlook
North America
⦁ U.S.
⦁ Canada
⦁ Mexico
Europe
⦁ UK
⦁ Germany
⦁ France
⦁ Italy
⦁ Russia
⦁ Rest of Europe
Asia-Pacific
⦁ China
⦁ Japan
⦁ India
⦁ Australia
⦁ Rest of Asia-Pacific
LAMEA
⦁ Brazil
⦁ UAE
⦁ Turkey
⦁ Saudi Arabia
⦁ Rest of LAMEA
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