China Diabetes Drug Market Insights and In-Depth Analysis 2023-2028 with Types, Products and Key Players

Report Overview

The China diabetes drug market size stood at around USD 4.84 billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of XX% during the forecast period.

China has the largest number of diabetic patients in the world and has the fastest increase in the prevalence of diabetes. Approximately 114.4 million people in China are affected by diabetes. The Government of China is introducing numerous healthcare reforms, which are bolstering the market growth. For instance, it is encouraging foreign investments and allowing multinational companies (MNCs) to offer their services in the country. This has enabled patients to diagnose diabetes at the nascent stage and manage it properly.

Market Drivers

Chinese people are genetically more vulnerable to diabetes as compared to Europeans. Apart from this, unawareness about health issues, significant consumption of white rice, and poor healthcare infrastructure represent the prominent factors driving the incidences of diabetes. Prominent drug manufacturers in China are focusing on increasing their budget for research and development (R&D) activities to create innovative drugs. This trend, in confluence with the highly developed pharmaceutical industry, is contributing to the market growth in the country. Apart from this, a sedentary lifestyle clubbed with the intake of an unhygienic diet significantly contributes to the increased number of diabetic cases in the country.

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Major Players

In the Chinese geography, from the perspective of the competitive landscape of manufacturers, the current diabetes market still maintains a monopoly by giants, with the four giants Novo Nordisk, Sanofi, Eli Lilly, and Merck occupying 72% of the diabetes market. In January 2018, AstraZeneca's exenatide microspheres were approved for marketing, becoming the first long-acting GLP-1 receptor agonist product in China to be injected once a week. In February 2019, Eli Lilly's dulaglutide was released in the market which was approved for listing in China (trade name Duyida). From the current domestic market product structure, the generational differences with foreign products are gradually narrowing, and the market is expected to usher in expansion.

The China Diabetes Drug Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global China Diabetes Drug market. This report explores all the key factors affecting the growth of the global China Diabetes Drug market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Market Segmentation

By Drug Type:

Based on the Drug Class, the market is segmented into Oral Anti-diabetic drugs (alpha-glucosidase inhibitors, DPP-4 inhibitors, and SGLT-2 inhibitors), Insulins (basal or long-acting, bolus or fast-acting, traditional human insulin drugs, and insulin biosimilars), Non-insulin injectable drugs (GLP-1 receptor agonists, and Amylin Analogue), and Combination drugs (combination insulin, oral combination). The use of oral anti-diabetes drugs is rising, since new generation oral drugs, such as DPP-4 and SGLT-2, reduce the rate of CV risk in diabetes patients.

By Route of Administration:

Based on the route of administration, the market is segmented into oral, subcutaneous, and intravenous. The oral segment is anticipated to register increased acceptance and a high CAGR due to its availability and relatively less complexity.

Major Players

In the Chinese geography, from the perspective of the competitive landscape of manufacturers, the current diabetes market still maintains a monopoly by giants, with the four giants Novo Nordisk, Sanofi, Eli Lilly, and Merck occupying 72% of the diabetes market. In January 2018, AstraZeneca's exenatide microspheres were approved for marketing, becoming the first long-acting GLP-1 receptor agonist product in China to be injected once a week. In February 2019, Eli Lilly's dulaglutide was released in the market which was approved for listing in China (trade name Duyida). From the current domestic market product structure, the generational differences with foreign products are gradually narrowing, and the market is expected to usher in expansion.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global China Diabetes Drug Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global China Diabetes Drug Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the China Diabetes Drug market
Chapter 2: Exclusive Summary - the basic information of the China Diabetes Drug Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the China Diabetes Drug
Chapter 4: Presenting the China Diabetes Drug Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the China Diabetes Drug market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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In conclusion, the China Diabetes Drug Market report is a genuine source for accessing the research data which is projected to exponentially grow your business. The report provides information such as economic scenarios, benefits, limits, trends, market growth rates, and figures. SWOT analysis and PESTLE analysis is also incorporated in the report.

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